An upgrade to Zip Plus means your Zip Pay account will be closed and any owing balance will be transferred to your new Zip Plus account.
Interest will accrue daily on the transferred balance and will be applied to your account if your balance exceeds $1,500 at the end of the month.¹
If you are entitled to a refund on your Zip Pay account after closure, it will be credited to Zip Plus.
¹ Interest accrues daily on the total balance owing at the end of each day. No interest will be charged to your account when your balance is under $1,500 (including where it is paid in full) at the end of the last day of each month. Each day ends at 11:59pm AEST (AEDT during daylight savings). Pay your closing balance in full by the end of each calendar month and we’ll also waive the monthly account fee of $9.95 for that month. A monthly account fee of $9.95 will otherwise apply. Standard interest rate is 12.95% p.a. T&Cs and credit approval criteria apply. 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.