Buy Now, Pay Later

Spread your debit card purchases over time.

Same Debit Card, More Flexible Payments

You may qualify to pay your Meridian Trust debit card purchases off through a monthly installment plan with the Buy Now, Pay Later (BNPL) option. Use BNPL for online and in-store purchases ranging from $100 up to $2,000 for travel, school supplies, new clothes, unexpected bills, and more. You’ll see your offer(s) in the Loans tab in online banking or the mobile app under “Buy Now, Pay Later” if your purchase qualifies. Best of all, there’s no credit check required and the process is quick and simple.

  • Credit Card class="wrapper">

    Use your debit card whenever and wherever you shop

  • IconCalendar class="wrapper">

    Manage your budget by spreading larger expenses over time

  • Online class="wrapper">

    Review and manage all plans, offers and payments in one place

Shop With Your Debit Card. Split Payments Over Time.

Getting Started

  • Make purchases with your debit card
  • Check “Buy Now, Pay Later” under the Loans tab within online banking or the mobile app to see qualifying transactions and offers
  • Decide which purchases you would like to split over time
  • Select the installment plan that works for you
  • See your purchase amount deposited back into your account within 24 hours
Young woman grocery shopping

Frequently Asked Questions

You’ll see your BNPL offers under “Loans” > “Buy Now, Pay Later” in your online banking or the mobile app. If you don’t see any offers, it means you don’t have any qualifying transactions or your account isn’t eligible at this time.

Debit card purchases used to pay for bills and expenses, whether online or in-store, may qualify for a BNPL payment plan. You can also use BNPL for travel, school supplies, new clothes, and more. Loan payments such as mortgages, auto, and credit cards do not qualify, nor do payments to third-party BNPL providers or cash transactions such as ATM withdrawals. Some members may qualify for up to 5 BNPL plans at one time.

You get to pick a repayment plan (automatic payments or manual) that works best for you: 3 or 6 months for transactions between $100-$200; 3, 6, or 9 months for transactions between $201-$999; and 12 or 15 months for transactions between $1,000 and $2,000. You will not receive a BNPL offer if your transaction is greater than $2,000.

No, Meridian Trust will not run a credit check for BNPL.

There are several reasons your transactions or account may not qualify for BNPL offers. These include:

  • The transaction amount was too small or too large.
  • The transaction was made at an ineligible merchant type. This could include ATM withdrawals, cash advances, money transfer services, restaurants, taverns, nightclubs, gas stations and more.
  • An account which may have been overdrawn too frequently (3 or more times in the last 60 days).

BNPL charges a fixed Annual Percentage Rate of 15.00%. Members have a 10-day grace period after the payment due date where no late fee is charged. After the grace period ends, a $15 late fee will be incurred.

Disclosures

*Only certain transactions between $100 and $2,000 will qualify. Loan payments (mortgage, auto, credit card, etc.), payments to third-party BNPL providers, or cash transactions such as ATM withdrawals are not eligible. Some merchant types do not qualify for BNPL, including ATM withdrawals, cash advances, cash or money transfer services, restaurants, taverns, nightclubs, gas stations or more. Members with accounts which have been overdrawn in Non-Sufficient Fund (NSF) status 3 or more times in the last 60 days are not eligible for BNPL. Member account must meet average daily balance requirements to qualify. Valid on in-store and online purchases when you use your Meridian Trust debit card. Some members may qualify for up to 5 active BNPL plans at a time. Meridian Trust will not run a credit check in order to see if you qualify. Repayment term options are: 3 or 6 months for transactions between $100-$200; 3, 6, or 9 months for transactions between $201-$999; and 12 or 15 months for transactions between $1,000 and $2,000. Once a repayment plan is selected it cannot be changed. There is no early payoff penalty. You’ll be charged a 15.00% Annual Percentage Rate for each BNPL payment plan. Late payments will incur a $15.00 late fee after the 10-day grace period. Membership eligibility required. If you’re not already a member, it’s easy to qualify. Ask to join today!