The fees for Zip customers can vary depending on the account type and the credit limit approved.
Below is a simple breakdown of the fees for each account type:
Zip Pay
No establishment fee
$9.95 monthly account fee* when a balance is owing
This account fee is waived if you have paid your statement balance by the due date.
$40 minimum monthly repayment (or $80 if the credit limit is greater than $1,000)
No interest, ever
Zip Money
$0 - $99 establishment fee, dependent on the approved credit limit
$9.95 monthly account fee
This account fee is waived when there is nothing owing at the end of the month.
Minimum monthly repayment from $40 is dependent on the approved credit limit.
Any balance outstanding at the expiry of the interest free period will be charged at the standard variable rate, 25.9% per annum.**
To see more information about interest-free periods, click here
*Zip Pay: Minimum monthly repayments are required. A monthly account fee of $9.95 applies and is subject to change. Pay your closing balance in full by the due date each month and we’ll waive the fee. Available to approved applicants only and subject to completion of satisfactory credit assessment. Other charges may be payable. Fees and charges subject to change. T&Cs apply. Credit provided by ZipMoney Payments Pty Ltd (ABN 58 164 440 993), Australian Credit Licence Number 441878.
**Zip Money: 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. 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 credit limit. 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.