Yes, Zilch payments are automatic. When you make a purchase using Zilch, you will be required to make an upfront payment of 25% of the purchase price. The remaining balance will be split into 3 equal installments, which will be automatically deducted from your bank account every 2 weeks.
You can also choose to make a one-time payment to clear the balance in full at any time. However, if you do not make the automatic payments on time, you may be charged late fees.
Here is a breakdown of how Zilch payments work:
- Upfront payment: 25% of the purchase price
- Remaining balance: Split into 3 equal installments, automatically deducted from your account
- Payment frequency: Every 2 weeks
- Late fees: May be charged if payments are not made on time
It’s essential to read the terms and conditions and any user agreements when signing up for Zilch. This will give you a clear understanding of the payment process, any fees associated with late payments, and other relevant details.