What happens to my Tide Credit products: Credit Line and Credit Flex or my Bounce Back Loan?

If you are switching out your Tide Business Account as part of the Full Switch Out process, then we will set up a direct debit between your new account and Tide Capital which you need to approve before the switch has been completed. This will allow Tide Capital to continue debiting any outstanding credit amounts as per your respective repayment schedule form your new account. In case you have not approved the Direct Debit before your switch has been completed, your respective Tide credit product terms with Tide Capital will be automatically terminated and all outstanding credit amounts will become immediately due and payable (together with accrued interest. In this case, Tide Capital will be deemed to have issued you with a demand for immediate repayment of these amounts. If you have any questions regarding this, please reach out to our member support team by tapping 'Support' > 'Messages' in your Tide app and our team will help you out.