What are the fees and charges for Zip Biz?
Below is an overview of all fees and charges for Zip Biz.
|Establishment Fee||$50 once-off|
|Extension Fee||2.5% of the Closing Balance, should you activate the Extension Option|
|Late Fee*||1% of your Account Balance|
Fees we are not charging:
- No interest
- No annual fees
- No monthly fees
- No paper statement fees
- No account closure fees
- No credit limit increase fees and
- No other hidden fees!
Good to know: Each month you can elect to pay the Statement Balance in full (for no fees), or at least 1/3rd and activate the Extension Option. If choosing to extend you will have another month to repay and the Extension Fee will be added to your account.
*Late Fees Explained
If the (shown on your Zip contract) is not paid within 15 days after the Due Date a late fee will be added to the account.