Why has the InstaPay Now fee changed? via Money

Answer

During the Covid pandemic, Swag removed all fees associated with using InstaPay Now as a goodwill gesture. To cover operating costs, we are reintroducing the InstaPay Now fee from the 17th October 2022; this means an InstaPay Now withdrawal of your pay will be 1.5% of the transaction amount if you receive your funds in a regular bank account.

If you receive your InstaPay Now funds into your Swag Spend account, then your first transaction is free, and each subsequent transaction is 1.3% of the transaction amount.

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