What are the fees and charges for Zip Biz?
|Part Pay Fee|
Activating Part Pay will enable you to pay a minimum of 1/4 of your Statement Balance.
If activated a 2.5% fee applies to the Outstanding Statement Balance.
The Part Pay Fee will be displayed and must be accepted by you to activate Part Pay.
|Late Fee||If the Minimum Repayment Amount is not paid by the Due Date, a 1.5% fee will be added to your account on any outstanding balance.|
This is calculated monthly from the Due Date.
|Dishonour Fee||A bank dishonour fee 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.|
Fees we are not charging:
- No establishment fees
- No annual fees
- No paper statement fees
- No payment processing fees
- No account closure fees
- No credit limit increase fees and
- No other hidden fees!