Buying using UnLock

No, UnLock is free to suppliers. There’s no application fee, annual fee or transaction fees for suppliers because your customers pay us a fee when they use UnLock.

If you would like to pay the transaction fee for your customers, then let us know and we can discuss the options with you.

Category: Fees

Account-related fees

Only when the UnLock facility is granted under the Government SME Recovery Loan Scheme Rules, an account fee of 4.3% of the account limit applies. If the Government SME Loan Recovery Rules do not apply to the facility, no account fees are payable.

Fees related to using UnLock

This depends on the transaction type and the payment terms you choose:

Transaction Fees by payment terms for UnLock Accounts

UnLock Mastercard®

30 days end of month from the month the transactions occurred in

2.75%

60 days end of month from the month the transactions occurred in

4%

We group all your UnLock Mastercard transactions for the month into a single direct debit, and you choose when you want to pay it: 30 or 60 days from the end of the month in which the transactions took place.

Supplier invoices

30 days extended payment terms from when the invoice was paid via UnLock

1.50%

60 days extended payment terms from when the invoice was paid via UnLock

2.75%

90 days extended payment terms from when the invoice was paid via UnLock

4.00%

We add the fee to the amount you pay us on the due date.

Transaction Fees by payment terms for UnLock Accounts under the Government SME Loan Recovery Rules

UnLock Mastercard

30 days end of month from the month the transactions occurred in

1.23%

60 days end of month from the month the transactions occurred in

1.85%

We group all your UnLock Mastercard transactions for the month into a single direct debit, and you choose when you want to pay it: 30 or 60 days from the end of the month in which the transactions took place.

Supplier invoices

30 days extended payment terms from when the invoice was paid via UnLock

0.62%

60 days extended payment terms from when the invoice was paid via UnLock

1.23%

90 days extended payment terms from when the invoice was paid via UnLock

1.85%

We add the fee to the amount you pay us on the due date.

Category: Fees

Applying

No, UnLock is free to suppliers. There’s no application fee, annual fee or transaction fees for suppliers because your customers pay us a fee when they use UnLock.

If you would like to pay the transaction fee for your customers, then let us know and we can discuss the options with you.

Category: Fees

Account-related fees

Only when the UnLock facility is granted under the Government SME Recovery Loan Scheme Rules, an account fee of 4.3% of the account limit applies. If the Government SME Loan Recovery Rules do not apply to the facility, no account fees are payable.

Fees related to using UnLock

This depends on the transaction type and the payment terms you choose:

Transaction Fees by payment terms for UnLock Accounts

UnLock Mastercard®

30 days end of month from the month the transactions occurred in

2.75%

60 days end of month from the month the transactions occurred in

4%

We group all your UnLock Mastercard transactions for the month into a single direct debit, and you choose when you want to pay it: 30 or 60 days from the end of the month in which the transactions took place.

Supplier invoices

30 days extended payment terms from when the invoice was paid via UnLock

1.50%

60 days extended payment terms from when the invoice was paid via UnLock

2.75%

90 days extended payment terms from when the invoice was paid via UnLock

4.00%

We add the fee to the amount you pay us on the due date.

Transaction Fees by payment terms for UnLock Accounts under the Government SME Loan Recovery Rules

UnLock Mastercard

30 days end of month from the month the transactions occurred in

1.23%

60 days end of month from the month the transactions occurred in

1.85%

We group all your UnLock Mastercard transactions for the month into a single direct debit, and you choose when you want to pay it: 30 or 60 days from the end of the month in which the transactions took place.

Supplier invoices

30 days extended payment terms from when the invoice was paid via UnLock

0.62%

60 days extended payment terms from when the invoice was paid via UnLock

1.23%

90 days extended payment terms from when the invoice was paid via UnLock

1.85%

We add the fee to the amount you pay us on the due date.

Category: Fees

Payment terms

No, UnLock is free to suppliers. There’s no application fee, annual fee or transaction fees for suppliers because your customers pay us a fee when they use UnLock.

If you would like to pay the transaction fee for your customers, then let us know and we can discuss the options with you.

Category: Fees

Account-related fees

Only when the UnLock facility is granted under the Government SME Recovery Loan Scheme Rules, an account fee of 4.3% of the account limit applies. If the Government SME Loan Recovery Rules do not apply to the facility, no account fees are payable.

Fees related to using UnLock

This depends on the transaction type and the payment terms you choose:

Transaction Fees by payment terms for UnLock Accounts

UnLock Mastercard®

30 days end of month from the month the transactions occurred in

2.75%

60 days end of month from the month the transactions occurred in

4%

We group all your UnLock Mastercard transactions for the month into a single direct debit, and you choose when you want to pay it: 30 or 60 days from the end of the month in which the transactions took place.

Supplier invoices

30 days extended payment terms from when the invoice was paid via UnLock

1.50%

60 days extended payment terms from when the invoice was paid via UnLock

2.75%

90 days extended payment terms from when the invoice was paid via UnLock

4.00%

We add the fee to the amount you pay us on the due date.

Transaction Fees by payment terms for UnLock Accounts under the Government SME Loan Recovery Rules

UnLock Mastercard

30 days end of month from the month the transactions occurred in

1.23%

60 days end of month from the month the transactions occurred in

1.85%

We group all your UnLock Mastercard transactions for the month into a single direct debit, and you choose when you want to pay it: 30 or 60 days from the end of the month in which the transactions took place.

Supplier invoices

30 days extended payment terms from when the invoice was paid via UnLock

0.62%

60 days extended payment terms from when the invoice was paid via UnLock

1.23%

90 days extended payment terms from when the invoice was paid via UnLock

1.85%

We add the fee to the amount you pay us on the due date.

Category: Fees

Fees

No, UnLock is free to suppliers. There’s no application fee, annual fee or transaction fees for suppliers because your customers pay us a fee when they use UnLock.

If you would like to pay the transaction fee for your customers, then let us know and we can discuss the options with you.

Category: Fees

Account-related fees

Only when the UnLock facility is granted under the Government SME Recovery Loan Scheme Rules, an account fee of 4.3% of the account limit applies. If the Government SME Loan Recovery Rules do not apply to the facility, no account fees are payable.

Fees related to using UnLock

This depends on the transaction type and the payment terms you choose:

Transaction Fees by payment terms for UnLock Accounts

UnLock Mastercard®

30 days end of month from the month the transactions occurred in

2.75%

60 days end of month from the month the transactions occurred in

4%

We group all your UnLock Mastercard transactions for the month into a single direct debit, and you choose when you want to pay it: 30 or 60 days from the end of the month in which the transactions took place.

Supplier invoices

30 days extended payment terms from when the invoice was paid via UnLock

1.50%

60 days extended payment terms from when the invoice was paid via UnLock

2.75%

90 days extended payment terms from when the invoice was paid via UnLock

4.00%

We add the fee to the amount you pay us on the due date.

Transaction Fees by payment terms for UnLock Accounts under the Government SME Loan Recovery Rules

UnLock Mastercard

30 days end of month from the month the transactions occurred in

1.23%

60 days end of month from the month the transactions occurred in

1.85%

We group all your UnLock Mastercard transactions for the month into a single direct debit, and you choose when you want to pay it: 30 or 60 days from the end of the month in which the transactions took place.

Supplier invoices

30 days extended payment terms from when the invoice was paid via UnLock

0.62%

60 days extended payment terms from when the invoice was paid via UnLock

1.23%

90 days extended payment terms from when the invoice was paid via UnLock

1.85%

We add the fee to the amount you pay us on the due date.

Category: Fees

Limits

No, UnLock is free to suppliers. There’s no application fee, annual fee or transaction fees for suppliers because your customers pay us a fee when they use UnLock.

If you would like to pay the transaction fee for your customers, then let us know and we can discuss the options with you.

Category: Fees

Account-related fees

Only when the UnLock facility is granted under the Government SME Recovery Loan Scheme Rules, an account fee of 4.3% of the account limit applies. If the Government SME Loan Recovery Rules do not apply to the facility, no account fees are payable.

Fees related to using UnLock

This depends on the transaction type and the payment terms you choose:

Transaction Fees by payment terms for UnLock Accounts

UnLock Mastercard®

30 days end of month from the month the transactions occurred in

2.75%

60 days end of month from the month the transactions occurred in

4%

We group all your UnLock Mastercard transactions for the month into a single direct debit, and you choose when you want to pay it: 30 or 60 days from the end of the month in which the transactions took place.

Supplier invoices

30 days extended payment terms from when the invoice was paid via UnLock

1.50%

60 days extended payment terms from when the invoice was paid via UnLock

2.75%

90 days extended payment terms from when the invoice was paid via UnLock

4.00%

We add the fee to the amount you pay us on the due date.

Transaction Fees by payment terms for UnLock Accounts under the Government SME Loan Recovery Rules

UnLock Mastercard

30 days end of month from the month the transactions occurred in

1.23%

60 days end of month from the month the transactions occurred in

1.85%

We group all your UnLock Mastercard transactions for the month into a single direct debit, and you choose when you want to pay it: 30 or 60 days from the end of the month in which the transactions took place.

Supplier invoices

30 days extended payment terms from when the invoice was paid via UnLock

0.62%

60 days extended payment terms from when the invoice was paid via UnLock

1.23%

90 days extended payment terms from when the invoice was paid via UnLock

1.85%

We add the fee to the amount you pay us on the due date.

Category: Fees

Repayments

No, UnLock is free to suppliers. There’s no application fee, annual fee or transaction fees for suppliers because your customers pay us a fee when they use UnLock.

If you would like to pay the transaction fee for your customers, then let us know and we can discuss the options with you.

Category: Fees

Account-related fees

Only when the UnLock facility is granted under the Government SME Recovery Loan Scheme Rules, an account fee of 4.3% of the account limit applies. If the Government SME Loan Recovery Rules do not apply to the facility, no account fees are payable.

Fees related to using UnLock

This depends on the transaction type and the payment terms you choose:

Transaction Fees by payment terms for UnLock Accounts

UnLock Mastercard®

30 days end of month from the month the transactions occurred in

2.75%

60 days end of month from the month the transactions occurred in

4%

We group all your UnLock Mastercard transactions for the month into a single direct debit, and you choose when you want to pay it: 30 or 60 days from the end of the month in which the transactions took place.

Supplier invoices

30 days extended payment terms from when the invoice was paid via UnLock

1.50%

60 days extended payment terms from when the invoice was paid via UnLock

2.75%

90 days extended payment terms from when the invoice was paid via UnLock

4.00%

We add the fee to the amount you pay us on the due date.

Transaction Fees by payment terms for UnLock Accounts under the Government SME Loan Recovery Rules

UnLock Mastercard

30 days end of month from the month the transactions occurred in

1.23%

60 days end of month from the month the transactions occurred in

1.85%

We group all your UnLock Mastercard transactions for the month into a single direct debit, and you choose when you want to pay it: 30 or 60 days from the end of the month in which the transactions took place.

Supplier invoices

30 days extended payment terms from when the invoice was paid via UnLock

0.62%

60 days extended payment terms from when the invoice was paid via UnLock

1.23%

90 days extended payment terms from when the invoice was paid via UnLock

1.85%

We add the fee to the amount you pay us on the due date.

Category: Fees

Statements

No, UnLock is free to suppliers. There’s no application fee, annual fee or transaction fees for suppliers because your customers pay us a fee when they use UnLock.

If you would like to pay the transaction fee for your customers, then let us know and we can discuss the options with you.

Category: Fees

Account-related fees

Only when the UnLock facility is granted under the Government SME Recovery Loan Scheme Rules, an account fee of 4.3% of the account limit applies. If the Government SME Loan Recovery Rules do not apply to the facility, no account fees are payable.

Fees related to using UnLock

This depends on the transaction type and the payment terms you choose:

Transaction Fees by payment terms for UnLock Accounts

UnLock Mastercard®

30 days end of month from the month the transactions occurred in

2.75%

60 days end of month from the month the transactions occurred in

4%

We group all your UnLock Mastercard transactions for the month into a single direct debit, and you choose when you want to pay it: 30 or 60 days from the end of the month in which the transactions took place.

Supplier invoices

30 days extended payment terms from when the invoice was paid via UnLock

1.50%

60 days extended payment terms from when the invoice was paid via UnLock

2.75%

90 days extended payment terms from when the invoice was paid via UnLock

4.00%

We add the fee to the amount you pay us on the due date.

Transaction Fees by payment terms for UnLock Accounts under the Government SME Loan Recovery Rules

UnLock Mastercard

30 days end of month from the month the transactions occurred in

1.23%

60 days end of month from the month the transactions occurred in

1.85%

We group all your UnLock Mastercard transactions for the month into a single direct debit, and you choose when you want to pay it: 30 or 60 days from the end of the month in which the transactions took place.

Supplier invoices

30 days extended payment terms from when the invoice was paid via UnLock

0.62%

60 days extended payment terms from when the invoice was paid via UnLock

1.23%

90 days extended payment terms from when the invoice was paid via UnLock

1.85%

We add the fee to the amount you pay us on the due date.

Category: Fees

Other payment solutions

No, UnLock is free to suppliers. There’s no application fee, annual fee or transaction fees for suppliers because your customers pay us a fee when they use UnLock.

If you would like to pay the transaction fee for your customers, then let us know and we can discuss the options with you.

Category: Fees

Account-related fees

Only when the UnLock facility is granted under the Government SME Recovery Loan Scheme Rules, an account fee of 4.3% of the account limit applies. If the Government SME Loan Recovery Rules do not apply to the facility, no account fees are payable.

Fees related to using UnLock

This depends on the transaction type and the payment terms you choose:

Transaction Fees by payment terms for UnLock Accounts

UnLock Mastercard®

30 days end of month from the month the transactions occurred in

2.75%

60 days end of month from the month the transactions occurred in

4%

We group all your UnLock Mastercard transactions for the month into a single direct debit, and you choose when you want to pay it: 30 or 60 days from the end of the month in which the transactions took place.

Supplier invoices

30 days extended payment terms from when the invoice was paid via UnLock

1.50%

60 days extended payment terms from when the invoice was paid via UnLock

2.75%

90 days extended payment terms from when the invoice was paid via UnLock

4.00%

We add the fee to the amount you pay us on the due date.

Transaction Fees by payment terms for UnLock Accounts under the Government SME Loan Recovery Rules

UnLock Mastercard

30 days end of month from the month the transactions occurred in

1.23%

60 days end of month from the month the transactions occurred in

1.85%

We group all your UnLock Mastercard transactions for the month into a single direct debit, and you choose when you want to pay it: 30 or 60 days from the end of the month in which the transactions took place.

Supplier invoices

30 days extended payment terms from when the invoice was paid via UnLock

0.62%

60 days extended payment terms from when the invoice was paid via UnLock

1.23%

90 days extended payment terms from when the invoice was paid via UnLock

1.85%

We add the fee to the amount you pay us on the due date.

Category: Fees

Cash flow

No, UnLock is free to suppliers. There’s no application fee, annual fee or transaction fees for suppliers because your customers pay us a fee when they use UnLock.

If you would like to pay the transaction fee for your customers, then let us know and we can discuss the options with you.

Category: Fees

Account-related fees

Only when the UnLock facility is granted under the Government SME Recovery Loan Scheme Rules, an account fee of 4.3% of the account limit applies. If the Government SME Loan Recovery Rules do not apply to the facility, no account fees are payable.

Fees related to using UnLock

This depends on the transaction type and the payment terms you choose:

Transaction Fees by payment terms for UnLock Accounts

UnLock Mastercard®

30 days end of month from the month the transactions occurred in

2.75%

60 days end of month from the month the transactions occurred in

4%

We group all your UnLock Mastercard transactions for the month into a single direct debit, and you choose when you want to pay it: 30 or 60 days from the end of the month in which the transactions took place.

Supplier invoices

30 days extended payment terms from when the invoice was paid via UnLock

1.50%

60 days extended payment terms from when the invoice was paid via UnLock

2.75%

90 days extended payment terms from when the invoice was paid via UnLock

4.00%

We add the fee to the amount you pay us on the due date.

Transaction Fees by payment terms for UnLock Accounts under the Government SME Loan Recovery Rules

UnLock Mastercard

30 days end of month from the month the transactions occurred in

1.23%

60 days end of month from the month the transactions occurred in

1.85%

We group all your UnLock Mastercard transactions for the month into a single direct debit, and you choose when you want to pay it: 30 or 60 days from the end of the month in which the transactions took place.

Supplier invoices

30 days extended payment terms from when the invoice was paid via UnLock

0.62%

60 days extended payment terms from when the invoice was paid via UnLock

1.23%

90 days extended payment terms from when the invoice was paid via UnLock

1.85%

We add the fee to the amount you pay us on the due date.

Category: Fees