

Something went wrong in my application, how do I apply for StepPay? StepPay is available to CommBank customers who meet our eligibility criteria and who satisfy credit assessments. With StepPay, you'll be able to split purchases of $100 or more into four fortnightly repayments. Smaller purchases under $100 will come out of your linked CommBank account in one go, two days after posting. To manage your short-term budgeting needs, you can also apply a temporary spending cap.īuy now, pay later products offer you the ability to split up purchases into smaller repayments so you can pay them off over time. We may reduce your spend limit *, we’ll notify you if we do. You can manage your spend limit at any time directly in the CommBank app, with the ability to move your limit up or down, subject to eligibility. When you first set up a StepPay account, you’ll choose a limit that suits your needs.

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For a full list of eligible linked CommBank repayment accounts, refer to the FAQs section below.

To use StepPay, you’ll need to be eligible and a current customer, or if you’re a new customer, simply open an eligible CommBank account. Fees and charges may apply to your linked CommBank account. Late payment fees will apply, but we have limits in place so fees are capped. There are no interest charges, no monthly or annual fees, and you’ll be able to access your repayment schedule anytime in the CommBank app. This means you can use the same card to also make small value transactions under $100. We’ll automatically split your purchases of $100 or more into four equal, fortnightly repayments.įor purchases under $100, these are not installed and the full amount will come out of your linked CommBank account in one go, two days after the transaction is posted 2 to your StepPay account. You can use StepPay to pay in-store, using tap and pay, or online anywhere MasterCard is accepted, up to your credit limit, without needing a physical card.
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StepPay is a digital only buy now, pay later product that can be added to your CommBank app or to the digital wallet on your smart phone, iPad or Android tablet.
