BNPL tracking: every instalment in one place
Buy now pay later is easy to lose track of — that's the design. Wealthra puts every buy now pay later account on one page, next to everything else you owe.
The next instalment
The amount and the date it falls due, across every provider at once.
The full schedule
What's already paid, what's left, and when the plan finishes.
Progress on each purchase
How far through the four (or eight, or twelve) payments you are.
Your total commitment
Every outstanding buy now pay later balance as one number.
How It Works
Add the provider, the purchase amount and the instalment schedule yourself — most BNPL providers aren't Consumer Data Right data holders, so there's no bank feed to switch on for them
Where instalments are debited from a connected bank account or card, they also appear in your transactions automatically, coded to the same category every time
The current list of providers with dedicated tracking — Afterpay, Zip, Klarna, Humm, LatitudePay, PayPal Pay in 4 and CommBank StepPay — is on supported banks and institutions, which also shows which connections are automatic feeds and which are set up by hand
Related
The following explains how buy now pay later tracking works in Wealthra and what Open Banking can and can't see. It is information only, not a recommendation about what you should do.
How BNPL accounts get into Wealthra
Buy now pay later providers are generally not data holders under the Consumer Data Right, which is the system that lets Australian banks share data with an accredited app. There's no bank feed to switch on for most of them.
So in Wealthra, buy now pay later accounts are accounts you set up yourself: the provider, the purchase, the instalment amount and the schedule. It takes a minute per plan, and from then on the countdown runs on its own.
Where the payments come out of a bank account or card that is connected through Open Banking, you'll also see each instalment as it's debited in your transaction list, and Wealthra codes it to the same category every time.
What Open Banking does and doesn't show
Worth being precise about this, because it's a common assumption:
- Open Banking can show the money leaving. Instalments debited from a connected Australian bank account or card appear in your transactions like any other payment.
- Open Banking can't show what's still owed. The CDR covers accredited data holders — banks, lenders and similar. A buy now pay later plan sitting with a provider outside that system isn't visible to any app through Open Banking, including this one.
That gap is the whole reason for tracking the plans directly. How Open Banking and the CDR work →
Where it shows up in the rest of Wealthra
- Against your budget. Instalments are spending like any other, so they count in your budget for the month they fall in.
- In your net worth. Outstanding balances sit with your other liabilities in net worth, so the number isn't flattering by omission.
- In your plans. Committed instalments show against savings goals and the home deposit calculator, where a few open plans can change the date you're working toward.
Common questions
Which buy now pay later providers does Wealthra track?
Afterpay, Zip, Klarna, Humm, LatitudePay, PayPal Pay in 4 and CommBank StepPay have dedicated tracking, and you can add any other provider yourself.
Does Wealthra connect to Afterpay or Zip automatically?
No. Those providers aren't Consumer Data Right data holders, so there's no feed to connect. You enter the plan once and Wealthra tracks the schedule from there.
Can I see every upcoming instalment in one list?
Yes. Upcoming instalments across all providers appear in date order, with the amount, the provider and the purchase, alongside your other bills.
Will my buy now pay later payments show in my budget?
Yes. Each instalment counts as spending in the month it's paid, and outstanding balances appear as a liability in your net worth.
Does buy now pay later affect my credit file?
That depends on the provider and is set out in their terms — some report to credit bureaus and some don't. Wealthra records what you owe and when it's due; it doesn't access your credit file.
Is there a limit on how many plans I can track?
No. Add as many as you have, across as many providers as you use.
Important: The information provided is factual and general educational information only. It is not financial, investment, tax or legal advice and must not be relied on as such. Wealthra Pty Ltd does not hold an Australian Financial Services Licence (AFSL) and does not provide financial product advice. This information does not take into account your personal objectives, financial situation or needs. Before making any financial decision, consider whether it is appropriate for your circumstances and seek advice from a licensed financial adviser, accountant or other qualified professional.
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