We offer three products: Zip Pay, Zip Plus and Zip Money, each designed to give you flexible payment options that suit your needs.
Here’s a breakdown of the fees, interest, and other costs for each product.
Zip Pay
-
Monthly account fee
- $9.95 per month for account limits of $350 and above.
- The monthly account fee is waived when your closing balance is $0 at the end of the month.
-
Late fee
- $7.50 if you don’t make at least the minimum monthly repayment (or repay the remaining balance if it’s less). The late fee is charged 7 days after your due date.
-
Foreign transaction fee
- 3%* of the transaction value (converted into Australian dollars) when using a Single-Use Card or Zip Visa Card to make a purchase in another currency.
-
BPAY Processing Fee
- A flat $2.50 fee applies per bill paid via BPAY. (Exemptions may apply.)
-
Dishonour Fee
- A $5 dishonour fee applies if your repayment is rejected by your bank.
Zip Plus
-
Monthly account fee
- $9.95 per month if you have an owing balance at the end of the calendar month.
- The monthly account fee is waived when your closing balance is $0 at the end of the month.
-
Interest
- Interest is waived when your total owing balance is $1,000¹ or less at the end of the month.
- 13.70% p.a¹. interest applies (accruing daily) when your total owing balance is over $1,000 at the end of the month (11:59pm AEDT/AEST).
-
Late fee
- $15 if the minimum monthly repayment isn’t made by the due date. The late fee is charged 7 days after your due date.
-
Dishonour Fee
- A $5 dishonour fee applies if your repayment is rejected by your bank.
-
Foreign Transaction Fee
- There is no foreign transaction fee for Zip Plus.
Zip Money
-
Monthly account fee
- $9.95 per month if you have an outstanding balance on the last day of the month.
- The monthly account fee is waived when your closing balance is $0 at the end of the month.
-
Establishment fee
- A one-off establishment fee of $0–$99, depending on your approved credit limit.
-
Late fee
- $15 if you don’t make at least the minimum monthly repayment (or repay the remaining balance if it’s less). The late fee is charged 7 days after your due date.
-
Foreign transaction fee
- 3% of the transaction value (converted into Australian dollars) when using a Single-Use Card to make a purchase in another currency.
-
Interest:
- Interest rate of 25.9% p.a². To find out more about Zip Money interest see here.
-
BPAY Processing Fee
- A flat $2.50 fee applies per bill paid via BPAY. (Exemptions may apply).
-
Dishonour Fee
- A $5 dishonour fee applies if your repayment is rejected by your bank.
¹ Interest accrues daily on the total balance owing at the end of each day. No interest will be charged to your account in a given month if the balance owing at the end of the last day of that calendar month is $1,000 or less. Each day ends at 11:59pm AEST (AEDT during daylight savings). Standard interest rate is 13.70% p.a as at 1 April 2026. T&Cs and credit approval criteria apply. A monthly account fee of $9.95 will apply if the total balance owing is not paid in full by the end of the last day of the calendar month. Interest and other charges may be payable, see T&Cs. Interest, fees and charges subject to change. Credit provided by ZipMoney Payments Pty Ltd (ABN 58 164 440 993), Australian Credit Licence Number 441878.
² T&Cs and credit approval criteria apply. A monthly account fee of $9.95 will apply. A one-off establishment fee may apply for new customers. The availability of the interest free period for a purchase will depend on the purchase amount, the minimum monthly repayment and account status. Any balance outstanding at the expiry of the interest free period will be charged at the standard variable interest rate, 25.9% per annum, as at 1 June 2023. Other charges may be payable, see T&Cs. Interest, fees and charges subject to change. Minimum monthly payments are required and vary depending on your closing balance at the end of each statement period. Paying only the minimum monthly repayment may not repay a purchase within the interest free period. Paying the minimum monthly repayment may result in paying off the purchase before the interest free period expires. Credit provided by ZipMoney Payments Pty Ltd (ABN 58 164 440 993), Australian Credit Licence Number 441878.