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What affects my eligiblity to use 'split my bill'?
What affects my eligiblity to use 'split my bill'?
C
Written by Charlotte
Updated over 2 years ago

Before you can make a withdrawal with us, we check that you meet our eligibility criteria to ensure that we are lending responsibly. If you are not eligible this time, this could be for a few reasons.

Here are the most common reasons:

  • You have not connected a transacting account that your wages are deposited. (A transacting account is an account that allows direct debits. We need this so we can process repayments.)

  • You don't meet the minimum income requirement ($800/month)

  • Your wages are not paid by your employer's payroll (not as bank transfers).

  • Your wages make up more than 50% Centrelink income. (We also don't accept other government payments such as pension payments as wages)

  • Your wages are not consistent, meaning you aren't consistently paid weekly, fortnightly or monthly.

  • You have too many gambling expenses on your account. - You have too many dishonour fees on your account.

  • You have too many payment reversals on your account.

  • Your recent expenses and repayment history have not passed our eligibility criteria.

We run our eligibility criteria frequently and reassess your account's eligibility. This means, even if you have taken a loan with us previously, this does not guarantee you'll be able to make another loan with us and will be subject to passing our eligibility criteria.

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