The transaction fee at Polar Credit is a fee charged every time you withdraw or transfer money from your Polar Credit Line to your nominated bank account.
The transaction fee is 1.65% of the amount that you request to withdraw. For example, if you ask us to transfer £100 to your bank account, you will be charged a transaction fee of £1.65. You will be charged a transaction fee for each transfer, so if you make four transactions of £100, you will be charged a total of £6.60 in transactions fees.
You will need to repay your transaction fees as part of your minimum payment each month.