Buy now, pay later products allow you to split your purchases into equal repayment instalments.

StepPay, CommBank's buy now, pay later product, allows customers to split purchases from $100 to $2000 at any retailer that accepts Mastercard®, not just the “participating” ones. (Rest assured, there’ll be no awkward moments at the check-out worrying if your purchase will be accepted.) 

Whether you’re hitting the shops, on a road trip, or you simply miscalculated the costs coming up this week, StepPay will let you stagger your regular bills and expenses and give peace of mind that you’re on top of your budget.

Are you eligible?

Here’s 5 simple steps to check your eligibility for StepPay.

1. Are you an existing CommBank customer?

StepPay is only available to our existing customers. If you’re not already, you can, of course, become a customer by opening an everyday account.

2. Did you get the invite?

It’s invite-only, so you would have received an email or seen in your CommBank app or NetBank that StepPay is available to you. Even Cinderella needed an invite to the ball - just saying.

3. Do you have an everyday account with CommBank?

To be eligible for StepPay, you need an existing CommBank everyday account.

4. Are you depositing your salary into that account?

To take advantage of StepPay, continue to have regular deposits going into your CommBank everyday account. This might be your salary or regular transfers.

So when you make StepPay purchases - the fun ones or the necessary ones, those are split into four, equal fortnightly instalments. Each instalment then automatically comes out of your linked personal everyday  account.

With StepPay, you won’t be caught out with interest or monthly fees. And StepPay sits in your CommBank app alongside all your other banking. Streamlined or what?

5. Are you a model customer, with no defaults or late payment history?

To be able to take advantage of StepPay, ensure any other credit products you have with CommBank are in good order.

We will run a credit check, to assess your eligibility, so make sure any credit products you have with other providers are also in order.

StepPay is here

So, assuming you’ve ticked all those 5 boxes, you could be eligible for StepPay, a new way to buy now, pay later. 

More about StepPay

Learn more about StepPay, a new way to buy now, pay later wherever, on whatever

Discover StepPay

Things you should know

This article is intended to provide general information of an educational nature only. It does not have regard to the financial situation or needs of any reader and must not be relied upon as financial product advice. You should consider seeking financial advice before making any decision based on this information. Applications are subject to credit approval. Full Conditions of Use will be included at point of application. Bank fees and charges may apply.

The CommBank app is free to download however your mobile network provider charges you for accessing data on your phone. You should refer to your mobile phone plan or contact your provider to find out more. Terms and conditions are available on the CommBank app. NetBank access with NetCode SMS required. Find out about the minimum operating requirements on the CommBank app page.

Mastercard and the circles design are registered trademarks of Mastercard International Incorporated.