What are the fees and charges for Zip Money?

Zip Money

  • Annual Fee

There are no annual fees on a customer account, and there is no charge for keeping their account open when their outstanding balance is at $0.00. There is a monthly account keeping fee of $6.00 when there is an outstanding balance on an account.

  • Interest-Free Period

Every purchase customers make using their zipMoney account has a minimum interest free period of 3 months, which, unlike a credit card, is a full 3 months from the date of each transaction. If customers repay the purchase amount within this period, no interest is charged. Should an account remain outstanding at the end of the interest-free period, interest will be charged at the Standard Annual Percentage Rate - which will be indicated in their contract.

Some purchases will have a promotional interest free period (such as 6, 12 or even 24 months interest free) - if this is the case, the customer will be advised when they authorize an order and the promotional interest free period will apply to that particular purchase.

  • Establishment Fee

There may be an establishment fee on the customer's account, depending on the size of the approved credit limit, and ranges from $0 - $299). This amount will be specified in the customer's contract. To find out the specific establishment fees that pertain to your company, contact Partner Support.
(This establishment fee is a one-off payment that is added to your balance so nothing to pay straight away).

  • Other Fees and Charges

If the Minimum Monthly Repayment Amount is not paid within 21 days after the Due Date a $15 late fee will be added to an account.

A bank dishonour fee of $5 may be applied if a scheduled payment was rejected/dishonoured by the bank due to insufficient funds or incorrect bank account details. This charge covers the costs incurred by our bank which we have been covering and not on-charging to date.

When paying Bills with Zip, there is a small processing fee of 1.25% for each bill paid.

Any fees charged are added to the outstanding balance.

That’s it!


You won't find any other fees hidden in the small print. So apply here now!

Find out How repayments work here

Learn more about Zip Pay fees and charges here

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