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
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Monthly account fee
- $9.95 per month for account limits of $350 and above.
- This fee is waived if you pay your statement closing balance in full by the due date.
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Late fee
- $7.50 if you don’t make at least the minimum monthly repayment (or pay off the remaining balance if it’s less).
- Charged 7 days after your due date.
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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.
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BPAY Processing Fee
- A flat $2.50 fee applies per bill paid via BPAY. (Exemptions may apply.)
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Dishonour Fee
- A $5 dishonour fee applies if your repayment is rejected by your bank.
Zip Plus
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Monthly account fee
- $9.95 per month if you have an owing balance at the end of the calendar month.
- No monthly fee if your account balance is $0.
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Interest
- No interest if your total owing balance is $1,500¹ or less at the end of the month.
- 12.95% p.a¹. interest applies (accruing daily) when your balance is over $1,500 at the end of the month (11:59pm AEDT/AEST).
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Late fee
- $15 if the minimum monthly repayment isn’t made by the due date.
- Charged 7 days after your due date.
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Dishonour Fee
- A $5 dishonour fee applies if your repayment is rejected by your bank.
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Foreign Transaction Fee
- There is no foreign transaction fee for Zip Plus.
Zip Money
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Monthly account fee
- $9.95 per month if you have an outstanding balance on the last day of the month.
- This fee won’t apply if you pay your balance in full by the end of the month.
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Establishment fee
- A one-off establishment fee of $0–$99, depending on your approved credit limit.
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Late fee
- $15 if you don’t make at least the minimum monthly repayment (or pay off the remaining balance if it’s less).
- Charged 7 days after your due date.
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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.
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Interest:
- Interest rate of 25.9% p.a¹. To find out more about Zip Money costs see here.
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BPAY Processing Fee
- A flat $2.50 fee applies per bill paid via BPAY. (Exemptions may apply.)
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Dishonour Fee
- A $5 dishonour fee applies if your repayment is rejected by your bank.
*As communicated in our updated T&Cs email/SMS sent 11 November 2025 and effective as of 3 April 2025 for Zip Plus & Zip Money, effective as of 2 May 2025 for Zip Pay.
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 $1,500 or less. Each day ends at 11:59pm AEST (AEDT during daylight savings). Standard interest rate is 12.95% p.a. 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.