It is a good offer and they are a strong bank IMHO but you do need to be a registered business and pass their checks. The offer I have from them is £50 each in case anyone wants to give that a try in contrast? Works well with Capital On Tap 1% credit card that I have also written about in the Referrals forum.
Details below:
Tide Business Banking
Open an account with Tide and they'll give us both £50 when you spend £500 on your Tide card. Find out how to sign up:
www.tide.co/refer-a-friend/?referralName=Jonathan&referralCode=Z5D2D5
My referral code is
Z5D2D5
Terms and conditions of the scheme can be seen at
https://www.tide.co/terms/referral-terms/
The £500 spend can be achieved using Revolut or Monese so you don't actually need to go shopping to get the incentive.
Please let me know if you want any further info on their services and model and thanks for your consideration.