What Does Peloton Show Up as on Bank Statement?
Noticed an unfamiliar fitness-related charge on your bank statement? If you own a Peloton bike, tread, or subscribe to their app, you might be wondering what Peloton charges look like on your credit card or bank statement. This guide explains exactly how Peloton transactions appear, the different charge variations you’ll encounter, and how to verify if a Peloton charge is legitimate.
What Does Peloton Show Up as on Bank Statement?
Peloton charges can appear in multiple formats on your bank or credit card statement, depending on whether you’re paying for a membership subscription, equipment purchase, or accessories. Here are the most common Peloton bank statement descriptors you’ll see:
Membership & Subscription Charges
Monthly or annual Peloton membership fees typically appear as:
- PELOTON or PEL
- PELOTON MEMBERSHIP* or PEL-MEMBERSHIP
- PELOTON-SUBSCRIPTION or PEL-RECURRING
- PELOTON MEMBERSHIP HTTPSWWW.ONEP* (with truncated URL)
- PELOTON INTERACTIVE
Equipment & Hardware Purchases
If you purchased a Peloton Bike, Bike+, Tread, Tread+, Row, or Guide, the charge may show as:
- PELOTON followed by the transaction amount
- PEL-PRODUCT
- PELOTON-STORE
- SP+AFF PELOTON* (if financed through Affirm)
Accessory & Apparel Purchases
Buying Peloton shoes, weights, mats, or clothing? Look for:
- PEL-ACCESSORY
- PEL-APPAREL
- PEL-MERCH
- PELOTON-STORE
Common Peloton Bank Statement Variations
The exact descriptor on your statement depends on your bank’s formatting and the type of Peloton transaction. Here’s a quick reference table:
| Transaction Type | Common Bank Statement Name |
|---|---|
| Monthly Membership | PELOTON, PEL-MEMBERSHIP, PEL-RECURRING |
| Annual Membership | PELOTON-SUBSCRIPTION |
| Bike/Tread Purchase | PELOTON, PEL-PRODUCT, PELOTON-STORE |
| Affirm Financing | SP+AFF* PELOTON |
| Accessories | PEL-ACCESSORY, PELOTON-STORE |
| Apparel | PEL-APPAREL, PEL-MERCH |
| Delivery/Setup | PELOTON (separate line item) |
Understanding Peloton Membership Charges
Peloton offers several membership tiers, each with different pricing that will appear on your statement:
All-Access Membership ($44/month): Required if you own Peloton hardware (Bike, Tread, Row, or Guide). Provides unlimited access to all classes for your household.
App One ($12.99/month): Basic app membership with limited class access. No hardware required.
App+ ($24/month): Full app access with all classes. No hardware required.
Strength+ Membership: Specialized strength training content.
Each membership type charges monthly unless you’ve opted for an annual plan, which results in a single larger charge once per year.
Why Does Peloton Appear Differently on My Statement?
Several factors influence how Peloton shows up on your bank statement:
Your bank’s character limits. Some banks truncate long merchant names, turning “PELOTON INTERACTIVE INC” into simply “PELOTON” or “PEL.”
Payment method matters. If you financed your Peloton equipment through Affirm (Peloton’s buy-now-pay-later partner), charges appear as “SP+AFF* PELOTON” rather than directly from Peloton.
Transaction type differs. Membership fees, equipment purchases, and accessory orders may each use different merchant descriptors even though they’re all from Peloton.
Pending vs. posted charges. Authorization holds during purchase may show different descriptors than the final posted transaction.
How to Verify a Peloton Charge on Your Bank Statement
Unsure if a Peloton charge is legitimate? Follow these verification steps:
1. Check your Peloton account. Log into your account at onepeloton.com or the Peloton app. Navigate to “My Membership” to view your billing history, subscription status, and payment dates.
2. Match the amount. Compare the charge amount to Peloton’s current pricing:
- All-Access Membership: $44/month
- App One: $12.99/month
- App+: $24/month
3. Review your email receipts. Peloton sends email confirmations for all purchases and membership charges. Search your inbox for emails from Peloton.
4. Check the billing date. Peloton memberships renew on the same date each month. If the charge date doesn’t match your renewal cycle, investigate further.
5. Look for trial conversions. Many users forget they signed up for a free trial that automatically converted to a paid subscription.
What About Peloton Charges Through Affirm?
If you financed your Peloton equipment purchase through Affirm, your monthly payments won’t show as “Peloton” on your statement. Instead, you’ll see:
- SP+AFF PELOTON*
- AFFIRM + order details
- SP+AFF SAN FRANCISCO CA*
The “SP+AFF” prefix stands for “Service Provider Affirm” and indicates this is a buy-now-pay-later payment being processed through Affirm’s system. These are legitimate charges for your Peloton financing plan.
To verify Affirm charges, log into your Affirm account at affirm.com to view your payment schedule and loan details.
Simplify Your Bank Statement Tracking
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How to Cancel Peloton Membership Charges
If you want to stop Peloton charges from appearing on your statement, here’s how to cancel:
Cancel through the website:
- Log into onepeloton.com
- Click your profile icon → “Memberships”
- Select “Manage Membership”
- Click “Cancel Membership”
Cancel through the app:
- Open the Peloton app
- Go to Settings → “Memberships”
- Select the membership you want to cancel
- Follow the cancellation prompts
Important notes:
- Canceling doesn’t provide refunds for the current billing period
- You’ll retain access until the end of your paid period
- Equipment purchases (Bike, Tread, etc.) cannot be “canceled”—contact Peloton support for returns
Disputing an Unauthorized Peloton Charge
If you see a Peloton charge you don’t recognize and have verified it’s not from your account, take these steps:
1. Contact Peloton Member Support.
- Phone: 1-866-679-9129
- Live chat: Available through onepeloton.com
- Email: Through the “Contact Us” page
2. Check for shared accounts. Peloton All-Access memberships allow multiple household profiles. Another family member may have made a purchase.
3. Look for trial expirations. Free trials automatically convert to paid subscriptions. Check your email for trial signup confirmations.
4. File a dispute with your bank. If Peloton cannot resolve the issue, contact your credit card company or bank to dispute the charge. Provide documentation showing you didn’t authorize the transaction.
Peloton Pending Charges and Authorization Holds
Sometimes you’ll see a Peloton charge appear as “pending” before it officially posts. Here’s what to know:
Authorization holds occur when Peloton verifies your payment method before processing. These temporary holds:
- May appear immediately after placing an order
- Could show slightly different amounts than the final charge
- Typically clear within 3-5 business days
- Are replaced by the actual posted charge
Why pending amounts might differ:
- Taxes calculated after initial authorization
- Promotional discounts applied during checkout
- Shipping costs finalized after initial hold
- Multiple items shipping separately
Don’t panic if you see both a pending and posted charge—the pending authorization will drop off your account.
Conclusion: Identifying Peloton Charges on Your Bank Statement
Peloton charges typically appear on bank statements as “PELOTON,” “PEL,” “PEL-MEMBERSHIP,” “PELOTON-SUBSCRIPTION,” or “PEL-RECURRING” for membership fees. Equipment and accessory purchases may show as “PEL-PRODUCT,” “PELOTON-STORE,” or “SP+AFF* PELOTON” if financed through Affirm.
To verify any Peloton transaction, log into your Peloton account to review your billing history, check email receipts, and confirm the charge amount matches your subscription tier. If you spot unauthorized charges, contact Peloton Member Support or dispute the transaction with your bank.
For easier subscription tracking and bank statement management, YourBankStatementConverter.com helps you convert and organize your financial documents—making it simple to search, filter, and verify recurring charges like Peloton across all your accounts.
Frequently Asked Questions (FAQs)
What does a Peloton membership charge look like on a credit card statement?
Peloton membership charges typically appear as “PELOTON,” “PEL-MEMBERSHIP,” “PELOTON-SUBSCRIPTION,” or “PEL-RECURRING” on your credit card statement. The exact descriptor varies by bank, but it will always include “PELOTON” or “PEL” in the merchant name.
Why am I being charged by Peloton when I don’t have an account?
If you see a Peloton charge without an active account, check if a family member signed up, if you started a free trial that converted to paid, or if there’s an old account you forgot about. If none apply, the charge may be fraudulent—contact your bank immediately.
How much does Peloton charge monthly?
Peloton offers multiple membership tiers: All-Access Membership costs $44/month (required with hardware), App+ costs $24/month, and App One costs $12.99/month. Your statement will show charges matching one of these amounts plus applicable taxes.
What does “SP+AFF PELOTON” mean on my bank statement?
“SP+AFF* PELOTON” indicates a payment processed through Affirm, Peloton’s financing partner. This appears when you’ve financed a Peloton Bike, Tread, or other equipment purchase using Affirm’s buy-now-pay-later service rather than paying the full amount upfront.
Can I get a refund for a Peloton membership charge?
Peloton typically doesn’t refund membership charges once billed, but you can cancel to prevent future charges. Contact Peloton Member Support at 1-866-679-9129 within 60 days of billing if you believe there’s an error. They handle refund requests on a case-by-case basis.
Why does Peloton show as “PEL” on my statement?
“PEL” is an abbreviated version of “Peloton” that appears when your bank truncates long merchant names to fit their statement format. This is the same company—just a shortened descriptor. Common variations include PEL-MEMBERSHIP, PEL-PRODUCT, and PEL-RECURRING.
How do I stop Peloton from charging my card?
To stop Peloton charges, cancel your membership through onepeloton.com or the Peloton app by going to Settings → Memberships → Manage Membership → Cancel. You’ll retain access until your current billing period ends. For Affirm financing, you’ll need to pay off or settle the loan separately.
What does “PELOTON INTERACTIVE” mean on my statement?
“PELOTON INTERACTIVE” or “PELOTON INTERACTIVE INC” is Peloton’s official corporate name. This descriptor may appear for equipment purchases, membership charges, or accessory orders. It’s a legitimate charge from Peloton.
Why was I charged twice by Peloton?
Double charges usually occur due to authorization holds that haven’t cleared yet, separate charges for membership and equipment, or a billing error. Wait 3-5 days for pending charges to clear. If both charges post, contact Peloton support with your transaction details.
How do I find my Peloton billing history?
Log into your Peloton account at onepeloton.com, click your profile icon, select “Memberships,” and view your complete billing history including past charges, payment methods, and upcoming renewal dates. You can also see this information in the Peloton app under Settings.
