One-off Establishment Fee
Depending on the credit limit you apply for, a one-off establishment fee may apply. This fee will be communicated to you in your Zip Money contract and will be applied to your account upon completion of your first purchase.
Monthly Account Fee
If you have an owing balance on your Zip Money account at the end of the month, you will be charged a monthly account fee of $9.95. The monthly account fee will be added to your balance at the start of the following month.
If you repay the owing balance on your account before the end of the month, this fee will be waived.
When does Interest apply to my balance?
Every transaction with Zip Money up to 3 months interest free period*. If you shop with a Zip partnered retailer you may be offered a longer interest free period on some purchases. If you have a remaining owing balance after the interest free period for your purchase has ended, the balance will begin to accrue interest at a rate of 25.9% per annum.
If you repay your purchases within the interest free period, you will avoid incurring any interest charges. Opting into our Instalment feature for your purchase at checkout will ensure you repay your purchase within the interest free period.
Instalment Extension Fees
Instalments was a repayment feature offered on Zip Money accounts. This feature was retired for new purchases on 12 August 2025, and all new purchases will now be placed on the Flex repayment schedule.
For instalment purchases made and extended prior to 12 August 2025, an instalment extension fee of 1.5% of the total transaction value is payable for each extension month. This fee is charged each month of your instalment plan, including during the default interest free period. Please see here for more details.
Late Fees
A late fee of $15 for a late Zip Money repayment will be charged 7 days after your contractual due date.
Foreign Transaction Fee
A Foreign transaction fee equal to 3% of the value of the purchase when converted into Australian dollars will be applied if you use a Single-Use Card to make the purchase.
*Available to approved applicants only and subject to completion of satisfactory credit check. Minimum monthly repayments are required. Paying only the minimum monthly repayment amount will generally not repay the purchase within the interest free period. A monthly account fee of $9.95 will also apply and 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 rate, 25.9% per annum as at 1 May 2023. Other charges may be payable, see T&Cs. Interest, fees and charges subject to change. Terms & Conditions apply and are available on application. See your contract for further details. Credit provided by ZipMoney Payments Pty Ltd (ABN 58 164 440 993), Australian Credit Licence Number 441878).