Buy Now, Pay Later
Same debit card. More flexible payments.
Buy Now, Pay Later (BNPL) has arrived at Educators Credit Union!
This exciting new service will allow debit card holders to split eligible purchases into monthly payments. When you make a large purchase, the funds will be deposited back into your account, and you will be able to pay for this expense over time.
Here’s how it works:
- Use your debit card everywhere you shop.
- In Online or Mobile Banking, navigate to Transfer and Pay and click Buy Now Pay Later Offers.
- Browse your current offers, interest rate, monthly payment and term.
- Select the installment plan that works best for you.
- Your purchase amount will be deposited back into your account within 24 hours.
Buy Now, Pay Later can help you split payments on things like:
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Shopping expenses
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Car maintenance costs
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Travel
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Unexpected expenses
FAQ
In Online or Mobile Banking, navigate to Transfer and Pay and click Buy Now Pay Later Offers.
If you do not see any BNPL offers, your current account status or your recent debit card purchases may not be eligible for BNPL. Please note, not every transaction is eligible. If you already have active BNPL plans, you may not be eligible for additional offers until the active plans are paid back.
An eligible purchase is a debit card purchase made in the past 45 days that is at least $100 and was not a cash equivalent purchase (e.g., ATM withdrawal, money order, cash advance, etc.). Other restrictions surrounding merchant types and transaction limits may affect BNPL eligibility.
No, BNPL does not require a credit check. However, the loan will report to your credit.