Debit Installments
Debit Installments

Reclaiming everyday financing

Banks excel at growing deposits and financing life’s biggest moments — mortgages, auto loans, HELOCs. But between those two worlds sit millions of everyday purchase decisions where customers increasingly expect financing, and banks are rarely part of them.

Why financial institutions choose Splitit Debit Installments

New revenue

Every DDA holder becomes a potential installment customer.

Low risk

Hold the loan and earn interest, or let Splitit take the risk and earn revenue on every transaction.

No new underwriting

Instant decisions on a credit line built to your existing risk rules.

How Debit Installments work

Splitit’s Debit Installments is white-label and integrates fully with your banking app.

Easy enrollment

Debit Installments enrollment happen inside your banking app, with no lengthy application for your customers. Customers go through automated underwriting and are instantly offered a credit line based on your relationship with them.

Split payments

After a transaction settles, Splitit identifies eligible purchases and proactively offers installment options via push, banner, or online banking. Eligible payments can be split in 3-12 installments.

Manage payments

A single dashboard inside your banking app show all active plans and balances, making budgeting easy for your customers

Debit is where your customers already live.

A large share of your deposit base defaults to debit, because they’d rather spend money they already have. When a purchase does call for financing, they want a fixed plan they understand, not a balance that compounds.

  • Prefer debit: many customers actively choose debit over credit for everyday spending.
  • Avoid revolving credit: They don’t want a balance that carries interest month to month.
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Fast to launch

Debit Installments plugs into the banking cores and payment infrastructure you’re already running. Splitit takes care of all technical integration to get you launched smoothly in weeks, not years.

Let’s build smarter payment solutions together

Partner with Splitit to unlock flexible payment solutions that work for you and your customers. Get in touch today!