On Zip Money interest is accrued daily and charged to your account at the end of each month but only if you have a balance owing on your purchase at the end of the interest-free period.
We also offer a feature called Instalments for Zip Money accounts, designed to help you avoid interest charges on individual transactions. If you make an eligible purchase, we'll automatically split your repayments into equal fixed monthly instalments within the offered interest free period. To learn more about instalments, please see here.