Buy now, pay later with StepPay

StepPay is a CommBank buy now pay later product. Find out how it works.

CommBank AdvancePay is where you apply to access money you expect to be paid, before your next pay day. Find out how it works.

Yes, you can decrease your spend limit in the CommBank app. Keep in mind if you wish to increase it in the future, you many need to reapply and be approved.

You can also apply a temporary spending cap to manage your short-term budgeting needs. It’s a way to reduce how much you can spend, without permanently decreasing your overall spend limit. You can turn it on or off at any time, all in the CommBank app.

Find out how you can use the spend limit functionality.

Yes, in the CommBank app, select your StepPay account to review your upcoming repayments or make early repayments at any time. You also have the ability to pay one or more repayments earlier than scheduled from your linked account. Find out how to manage your repayments.

You can split your purchases of $100 or more into four equal repayments everywhere in-store and online. Whether it's paying for a weekend getaway, utility bills, yoga classes or those new shoes you have your eye on. You can use StepPay for all your spending anywhere in-store and online. Buy anything from services and experiences to flights, event tickets, groceries, or medical bills...the list goes on! Find out more about how to use StepPay.

CommBank will automatically deduct the four repayments from your chosen linked transaction account. If there aren't enough funds in the account, your StepPay card will be temporarily blocked until the funds are available. You may also be charged a late payment fee for a missed repayment, and this may affect your credit score.

With StepPay, the retailer gets paid in full on your behalf, so you can buy now and pay later – without incurring any interest.

When you make a purchase of $100 or more, it will be split into four equal fortnightly repayments. Any purchases under $100 will be paid in one go, two days after the transaction is posted to your StepPay account.

All repayments automatically come out of your linked CommBank repayment account. Learn more about how StepPay can help balance your expenses.

You don’t pay any ongoing account fees, set-up fees or interest. A late fee of $10 may apply if you miss a repayment, but there are caps in place to minimise the amount of additional fees charged. Fees and charges may apply to your linked CommBank repayment account. Get helpful information on managing repayments.

StepPay is our Buy Now Pay Later product. Currently it’s the only low-cost credit contract that CommBank offers.

We previously offered InstalPay which is also a low-cost credit contract. InstalPay is no longer available, however you may still have an InstalPay account.

If you opened your StepPay account before 10 June 2025, your anniversary will occur on 10 June each year.

If you opened your StepPay account on or after 10 June 2025, your anniversary will occur each year on the date you’ve activated your StepPay account.

StepPay can only be linked to an eligible CommBank transaction account such as:

Complete Access, Everyday Offset, Pensioner Security Account, Private Banking Account, Smart Access, Streamline Basic Account.

Effective from 15 July 2025, the following accounts will no longer be eligible as repayment accounts for StepPay: Business Transaction Account, Cheque Account Bearing Interest.

If your StepPay is linked to either of these accounts, you will need to update it to an eligible repayment account via the CommBank app.

If this happens, please don't transfer funds into StepPay. It’s faster and easier to repay due or upcoming repayments within the CommBank app, by accessing StepPay from your Accounts list. Alternatively, ensure the funds are in your linked repayment account. We automatically check your linked account a few times a day, and once cleared, your StepPay card will be ready to use within 1-2 business days. Get helpful information on managing repayments.

If you try to activate your StepPay and get an error or something has gone wrong after your application, you can always try again by navigating to the ‘Cards’ section in the CommBank app.

It might take a bit of time to appear in the ‘Cards’ section so try again later on if you can’t see it straightaway.

It's likely you're accessing StepPay on an old version of the CommBank app. Once you've downloaded the latest version of the CommBank app, you'll be able to view the correct StepPay screens.