zipMoney interest-free payments

With zipMoney you can buy now and pay later on your own terms.

zipMoney is a simple and convenient way to help you pay for things without needing the cash upfront or a credit card. When you sign up and are approved with zipMoney, you’ll receive an initial line of credit of up to $3,000 that’s immediately made available to you.

You’re then able to use zipMoney during the checkout process of any participating zip merchant. In addition, you have a default three-month window where you’re able to make repayments completely interest free.

Not what you're after? Find out about zipPay

Product NameZipmoney
Interest Rate (p.a.)From 19.9% (variable)
Comparison Rate (p.a.)
Interest Rate TypeVariable
Min Loan Amount$1,000
Max. Loan Amount$30,000
Loan SecurityUnsecured


  • Convenient line of credit for purchases
  • No interest for 3 months


  • High interest rate
  • Only available at certain merchants

How does zipMoney work?

You can sign up for a zipMoney account online or in-store. The application takes about three minutes and requires your residential, employment and financial information as well as your email address and phone number

When you apply you will need to select from one of three credit limit tiers:

Credit limitMinimum repaymentEstablishment fee
$5,000 - $30,000$500 or 3% (whichever is greater)$99

If you are approved for an account you will be sent a contract which will indicate the interest-free period you will receive. All zipMoney accounts come with a minimum three months interest-free but some come with longer periods. If you don't have an order attached to your application then this period will not be stated – it is only when you make a purchase that the period when you apply.

Once you agree to the contract and provide your payment information, you can now use and manage your account. Each purchase you make with your new account must be authorised by both you and zipMoney. After your purchase is authorised, zipMoney will pay the merchant on your behalf.

How do I repay with zipMoney?

Once you've used your zipMoney credit to make a purchase, you need to set up your repayments to be monthly, fortnightly or weekly. zipMoney will then automatically direct debit those repayments according to your chosen frequency and based on the minimum repayment. You can also make additional repayments whenever you like.

Keep in mind you can only use a debit card or bank account to repay with zipMoney.

Once your credit is repaid you can keep your account open. You won't be charged anything if your balance is $0.

Features of shopping with zipMoney

  • Real-time approval. Signing up is quick and easy, enabling you to complete the entire process, including getting a real-time approval decision, in just a few minutes and even while checking out at a store.
  • Interest-free period.zipMoney offers an interest-free period on all zipMoney transactions, after which your outstanding balance will be subject to the standard APR (currently 19.9% p.a.).
  • Flexible repayment plans. zipMoney offers flexible repayments as long as you’re meeting the minimum monthly payment required outlined above.
  • Automatic deductions. Direct debit is an extra feature of zipMoney, allowing automatic deductions to be made directly from your bank account.
  • Borrow only what you need. Unlike lump-sum loans disbursed upfront, with zipMoney you only borrow what you need, never worrying about taking out too much or too little.
  • Simple yet powerful account management features. Change your repayment amount or payment dates in your convenient online account.

See the full list of stores with zipMoney

How much will this cost me?

  • Interest rate. After the interest-free period expires, you’ll be charged the standard annual percentage rate (APR) on your outstanding balance. This is a variable rate that currently stands at 19.9% p.a.
  • Minimum monthly repayment. The minimum monthly repayment for your credit limit differs by tier and is outlined above.
  • Monthly account management fee. There is a monthly fee of $6 charged any month that you have an outstanding balance.
  • Establishment fee. While signing up and activating your account, you may or may not be charged a one-off establishment fee. If charged, the amount will be debited to your account and paid back over time.
  • Late fees. If you don’t make your repayments on time or if you dishonour your repayments altogether, zipMoney reserves the right to levy additional fees and charges to your account. The amount may vary so refer to your contract for details.

How do I sign up with zipMoney?

Signing up with zipMoney is quick and easy. Visit the zipMoney sign-up page and complete the application process to get a real-time decision. The entire process usually takes no more than five minutes.

To qualify, you need to:

  • Be an Australian resident over 18 years of age
  • Be able to enter into a legally binding contract
  • Have a valid bank account

While signing up, you need some personal identifying information as well as your bank account details to link it to your zipMoney account. Once signed up, you’ll instantly receive a decision and, once approved, you’ll activate your new zipMoney account by simply accepting the terms & conditions and entering the SMS code that would be sent to the mobile phone number you registered with.

Have more questions about zipMoney?

Is zipMoney safe?

ZipMoney uses 128-bit Secure Socket Layer (SSL) data encryption to protect all your information and financial transactions. 128-bit SSL encryption is the same technology used by banks all over the world.

How do I manage my account?

Once you’ve created your zipMoney account, you’re able to login and manage many aspects of your account including increasing or decreasing deducted repayment amounts, adding or modifying payment methods, tracking transaction activity, scheduling new repayment periods, accessing previous statements, viewing updated zip merchant lists, and more.

Am I eligible if I have bad credit?

zipMoney uses a range of data to determine whether or not you can afford a payment plan. Bad credit doesn’t automatically disqualify you, but you will only be approved if you are in a good financial position. Note your credit history will be checked.

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46 Responses

  1. Default Gravatar
    DerekOctober 18, 2018

    Can I pay a bond and rent with Zip Money?

    • finder Customer Care
      JhezelynOctober 19, 2018Staff

      Hello Derek,

      Thank you for your comment.

      Unfortunately, you cannot pay a bond and rent using zipMoney. You can use your Zip Money account wherever you see the Zip Pay or Zip Money logo.

      Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.


  2. Default Gravatar
    janOctober 9, 2018

    Hi I am on a working visa and doesnt have a driver’s license nor medicare. Is there any way I can register for zippay? Thanks!

    • finder Customer Care
      JohnOctober 9, 2018Staff

      Hi Jan,

      Thank you for reaching out to finder.

      I do apologize but with the items you have mentioned, you are not currently qualified for Zippay. The criteria for applying with Zippay are advised below.

      Be an Australian citizen or permanent resident
      Be at least 18 years of age and able to enter into a legally binding contract
      Have a valid and verifiable mobile phone number and email address
      Have an Australian bank account or credit card
      Have basic information about yourself as well as bank account or credit card details.

      Hope this helps!


  3. Default Gravatar
    TahmeedSeptember 8, 2018


    I recently got approved for $3,000 limit. I am willing to spend $2,100 this month. Can I repay them at once? Do I just need to pay the amount I used? Say, I used $2,100 from that $3,000 so I pay only $2100. There is no additional fees for that $900 remaining amount, right?


    • finder Customer Care
      JeniSeptember 9, 2018Staff

      Hi Tahmeed,

      Thank you for getting in touch with finder.

      You are correct. You just need to pay the amount you’ve used i.e. $2,100 and the remaining credit limit i.e. $900 will not incur any fee. In the event that you pay back the amount you’ve used within 3 months, you are not charged any interest too. After making a purchase, you need to set up your repayments to be monthly, fortnightly or weekly. With zipMoney, your minimum repayment amount is $40, and since you mentioned of using zipMoney to purchase something higher than $2,000 you will then see an establishment fee of $25.

      Please feel free to reach out to us if you have any other enquiries.

      Thank you and have a wonderful day!


  4. Default Gravatar
    TiffanySeptember 5, 2018

    Can i apply to use to pay off a credit card?

    • finder Customer Care
      JhezelynSeptember 5, 2018Staff

      Hello Tiffany,

      Thank you for your comment.

      The ZIP Line of Credit Facility can be used to purchase goods and services online at any ZIP affiliated retailer. Therefore, zipMoney can’t be used to pay off a credit card.

      Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.


  5. Default Gravatar
    CourtneySeptember 1, 2018

    I currently have a zip money account, would it be possible to transfer my balance to my ANZ credit card to consolidate my loans/debt? I cant see anything on the zipmoney website about balance transfers. Thanks

    • finder Customer Care
      JhezelynSeptember 1, 2018Staff

      Hello Courtney,

      Thank you for your comment.

      Yes, you may be able to transfer your zipMoney balance to a credit card that accepts balances from personal loans and lines of credit. As a general guide, you can usually request a balance transfer if there is a BPAY Biller Code and reference number.

      If you have these details, you should be able to use them to request a balance transfer to a credit card that accepts these types of debts. This includes cards from Citi, Virgin Money and Qantas Money. You may refer to the guide here.

      Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.


  6. Default Gravatar
    KzhAugust 20, 2018

    What do you need to see as proof of income?

    • finder Customer Care
      JohnAugust 21, 2018Staff

      Hi KZH,

      Thank you for leaving a question.

      On zipMoney’s website, the requirement for an application is 3 months’ worth of bank statements which meet the following requirements:

      PDF format – Your statements must be in PDF format, with the entire statement in one file rather than page-by-page. You can upload up to 3 documents, i.e. one for each month if required.
      Most recent statements – Your statements must show at least the most recent 3 months’ worth of transactions. If this isn’t possible, you’ll need to complete the internet banking step instead.
      Official format – Your uploaded statements must include your bank letterhead, your full name, address, transaction data, and running balance.
      Everyday account – Please ensure the statements are for your everyday account and illustrate your regular income and expenses. If you have multiple accounts, you may wish to provide recent statements from all of them so we can see your internal transfers.


  7. Default Gravatar
    RanjanAugust 15, 2018

    zipMoney approved the amount of $2000 for me but I don’t have to buy anythinh until January 2019. Can I pay some money, like $50 per month for top up, so I can use that $2000 plus?


    • finder Customer Care
      JeniAugust 15, 2018Staff

      Hi Ranjan,

      Thank you for getting in touch with finder.

      Please note that zipMoney is a simple and convenient way to help you pay for things without needing the cash upfront or a credit card. Every purchase you make online or in store with zipMoney is interest free. If you don’t have anything to purchase now that would be fine as you are not charged for an inactivity fee. Currently, you cannot use that to top-up for payments.

      I hope this helps.

      Please feel free to reach out to us if you have any other enquiries.

      Thank you and have a wonderful day!


  8. Default Gravatar
    SesJuly 12, 2018

    I just need some clarifications about zipMoney. With the establishment fee, is it like a bond that u get once I repay everything you owe to them? Do I have the option to extend the repayments? Can I make my own payment schedule? or there is like a time limit?

    • finder Customer Care
      JhezelynJuly 16, 2018Staff

      Hello Ses,

      Thank you for your comment.

      For ZipMoney, a one off establishment fee of $149 may apply. This is added to your interest free balance. This is depending on the size of your approved credit limit snd this amount will be specified at the sign-up stage and also in your contract.

      There are no annual fees on your account, and there is no charge for keeping your account open when your outstanding balance is at $0.00. There is a monthly service fee of $6.00 when there is an outstanding balance on your account.

      Yes, you can change the amount, date or timing of your repayments at any time as long as you pay at least the minimum repayment amount each month. To change your repayments, simply sign in to the ZIP Consumer Centre at any time. I hope this helps.


  9. Default Gravatar
    EnquiryJune 28, 2018


    If I have a ZipMoney account and I go into a shop that has ZipPay, can I use my ZipMoney Account in that store or will I have to sign up for ZipPay (which I really don’t want to do)?

    • Default Gravatar
      ArnoldJune 29, 2018

      Hi, Shajam

      Thanks for your inquiry

      Yes, you can use ZipMoney to pay for goods or services anywhere ZipPay is accepted.

      Hope this information helps. If you have any more questions, please feel free to contact us anytime.


  10. Default Gravatar
    NigMay 24, 2018

    Signing up for ZipMoney, they want me to enter my bank login/password on a website which does not belong to my bank. They also told me it was a requirement, even thou an alternative is to upload bank statements, which they denied and sent me back to the bank login page. Is that not a security issue, that allows them access to your bank login (even thou they state it is a READ ONLY login), I have never EVER given a credit company my bank login details, just my recent bank statements. Is this not a security issue that needs investigating?

    • finder Customer Care
      JhezelynMay 25, 2018Staff

      Hi Nig,

      Thank you for your comment.

      The reason why zipMoney asks your bank login details is that they identified online banking access as the quickest and easiest method to get access to your banking information. In order to access your information, it is required that you provide your username, password, and any security questions associated with your online banking account. I hope this helps.


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