Fee | Amount | Frequency |
---|---|---|
Establishment Fee | $35 - $90 | One-off (added to your balance) |
Account Keeping Fee | $3.50 | Monthly |
Payment Processing Fee | $2.95 | Fortnightly |
There are standard fees and charges that apply to your account
This can be between $35 and $90 depending on what you buy. This fee is charged to set up your account. The amount is added to your balance and paid over the term of your payment plan. So you pay a portion of this with each fortnightly repayment.
$3.50 is charged to keep your account active. You pay this fee monthly and it is charged every month that your account remains open (even if you have paid off your balance).
$2.95 is charged to process each fortnightly repayment.
There are other fees and charges applied if you change something, or don't make a payment, or make another purchase, but you will always be notified if there are additional fees to pay.
There are NO additional fees or penalties for closing your account or paying off your balance early.