AFFIRM — Affirm Bank Charge Explained

AFFIRM on your bank statement may relate to Affirm, which is listed in the Finance category. Affirm is a US Buy Now Pay Later provider letting you split a purchase into instalments, so a charge is usually one payment of a plan you set up at checkout with another retailer. The bank descriptor 'CV5FR2USAFFIRM' is a payment-processor code used for Affirm instalment charges.

What Is the AFFIRM Charge?

AFFIRM may relate to Affirm, which is listed in the Finance category.

Affirm is a US Buy Now Pay Later provider letting you split a purchase into instalments, so a charge is usually one payment of a plan you set up at checkout with another retailer. The bank descriptor 'CV5FR2USAFFIRM' is a payment-processor code used for Affirm instalment charges. Several Affirm entries can appear if you have multiple plans running, and missed payments may incur fees.

AFFIRM is how this charge may appear on your bank or card statement.

How Do I Cancel a AFFIRM Charge?

  1. Identify the charge: Confirm the charge is from Affirm by checking your email for a receipt or logging into your account on their website.
  2. Cancel a recurring payment: If this is a recurring payment you no longer want, log in to your Affirm account and cancel it in your account settings before the next billing date.
  3. Contact the merchant: If you recognise the merchant but have a question about the charge, contact Affirm directly using the details on this page.
  4. Contact your bank: If the merchant does not resolve the issue, contact your bank or card issuer using the number on the back of your card. They can explain what options may be available and what information they need.

What Other Names Does Affirm Use on Bank Statements?

Affirm may also appear on your statement as:

Frequently Asked Questions About AFFIRM

What is AFFIRM on my bank statement?

AFFIRM is a bank statement transaction code that may relate to Affirm, which is listed in the Finance category. Affirm is a US Buy Now Pay Later provider letting you split a purchase into instalments, so a charge is usually one payment of a plan you set up at checkout with another retailer. The bank descriptor 'CV5FR2USAFFIRM' is a payment-processor code used for Affirm instalment charges. Several Affirm entries can appear if you have multiple plans running, and missed payments may incur fees. This descriptor appears because banks display a shortened payment code instead of the full company name.

Why is AFFIRM on my bank statement?

AFFIRM is how this charge may appear on your bank or card statement.

How do I cancel AFFIRM?

If this is a recurring payment you no longer want, log in to your Affirm account and cancel it in your account settings before the next billing date. If you recognise the merchant but have a question about the charge, contact Affirm directly using the details on this page. If you do not recognise this entry, contact your bank or card issuer and ask them to confirm the transaction and merchant details. Only you and your bank can confirm whether a payment was authorised.

Related charges

For more information about Affirm and all its known transaction codes, visit the Affirm merchant page.