Up bank customers can now link their account to Afterpay
Up customers can now see their Afterpay spending activity and monitor upcoming Afterpay payments within their banking app.
Digital bank Up has today officially launched its partnership with buy now pay later service Afterpay, after initially revealing the partnership back in October. From today, Up bank customers will be able to link their bank account to their Afterpay account to see all their Afterpay spending activity within their Up banking app as well as their past and upcoming payments.
The Afterpay app already allows users to see when they have upcoming payments due; however, this partnership will give customers visibility over their Afterpay activity all in the one place within their Up app. Up customers will also see rich merchant data for their Afterpay activity. This means that instead of seeing a payment made to Afterpay in your transaction history, it will show the merchant name (for example Target). Up also allows customers to see what they actually purchased at the store via Afterpay (for example a pair of Nike shoes).
The Up app will not only alert customers when they have an upcoming Afterpay payment, but it will also detect if you don't have enough money available in your account to cover the upcoming payment and prompt you to top up your account.
Up bank said in a blog post announcing the feature that the partnership will help customers better manage their money. "We think using Afterpay through Up enables a new level of responsible spending. While Afterpay currently provides information to customers through SMS notifications and in the Afterpay app, we felt there was a role to play for Up in helping our customers better understand their Afterpay activity — both in terms of their past spend as well as their upcoming commitments," the post read.
If you've got an Up account, you can link it to your Afterpay account by finding an Afterpay transaction in your Up activity fee and tapping the receipt. You can then select to connect your account to Afterpay. If you don't yet have an account but want to learn more about Up, check out our review here.
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