Split Pay

Split Pay is a consumer app that divides a person's largest monthly bills into two smaller payments. Users add a bill such as rent, a mortgage or a car payment, and Split Pay sets the split after looking at their cash flow, between 30% and 50% of the bill. The landlord or lender is paid in full on the due date, and the user repays Split Pay in two parts: the first when the bill is due and the second about two weeks later. Split Pay says it works with any landlord, lender or servicer and needs no integration on their side, because it supplies account and routing numbers that they can pull from like any bank account. The help centre also lists student loans. The company says there is no credit check, and it states that it is a financial technology company, not a bank.