Is there a ‘late fee’?

Yes. We will retry a repayment if we do not receive it by 3pm on the due date. If your default funding source is a card or Apple Pay, we will typically retry the next day. If it is a bank account, we will retry when we receive a dishonour notice from your bank. We will typically only retry once. If the retry is unsuccessful a $20 late fee will be charged.

You will only be charged a single Late Fee per cycle date (if you have multiple repayments due, we treat these all as a single repayment).

We will not keep charging you a Late Fee for the same repayments due.

If you ever run into difficulty making your repayments, please speak to us immediately. We are here to help you.