Zopa — fees, features, catches and eligibility
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Quick answer
Is Zopa’s current account worth having? It’s a free, app-only personal current account (Biscuit) from Zopa Bank, a PRA-authorised bank, with FSCS-eligible deposits up to £120,000. It works well alongside Zopa’s Smart Saver pots, but it isn’t on the Current Account Switch Service and has no overdraft or joint account (as of 12 September 2026).
Who it’s for — and who should avoid it
Who it’s for
- People who want a free app-only account from a UK bank
- Savers who’d use Zopa’s Smart Saver pots
- Anyone happy to move payments across manually
- People who don’t need cash pay-ins
Who should avoid it
- Anyone who wants a seven-day CASS switch
- People who need an arranged overdraft
- Couples wanting a joint current account
- Anyone who pays in cash
Key features
- Free personal current account (Biscuit)
- Rotating benefit (boosted interest or cashback options)
- Smart Saver pots (18 Oct 2026): Access 2.95% AER; Boosted up to 3.55%; Fixed up to 4.90%
- Zopa Bank Ltd (FRN 800542): deposits are bank deposits for FSCS purposes
Eligibility
- UK personal customers; app-only
- No joint current account
- Not on CASS — moves are manual
Fees
| Item | Detail |
|---|---|
| Monthly fee | £0 (free personal current account) |
| Overdraft | No arranged overdraft |
| Cash pay-in | Not available |
Where these facts come from: our free bank accounts and current accounts pages (as of 12 September 2026; savings rates from Zopa’s own savings page, 18 October 2026).
The catch
Zopa isn’t on CASS, so moving Direct Debits and your salary is manual. It’s digital-only with no cash pay-in, no arranged overdraft and no joint current account. Smart Saver rates change — re-check before you move money.
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FAQs
Is Zopa a real bank?
Yes. Zopa Bank Ltd (FRN 800542) is a PRA-authorised bank, and eligible deposits are covered by the FSCS up to £120,000.
Can I switch to Zopa with CASS?
Not at our last check (12 September 2026). You move payments across manually.
Does Zopa offer a joint account?
Not for current accounts, at our last check.
What is the Zopa Limited Access pot rate?
Up to 4.56% AER (4.46% gross) variable for new savings customers, as of 4 October 2026. It includes a 12-month 1.06% AER bonus on the first £50,000; money above £50,000 earns 3.50% AER.
How many withdrawals can I make from a Limited Access pot?
Zopa says you earn the high rate when you make no more than three withdrawals in 12 months.
What does the Zopa Access pot pay?
2.95% AER (2.91% gross) variable with withdrawals any time, as of 4 October 2026.
Does Zopa have notice accounts?
Yes. Boosted pots need 7, 31 or 95 days’ notice, with rates tied to the Bank of England base rate.
Does Zopa offer fixed-term savings?
Yes. Fixed Term pots run from 6 months to 5 years at a rate that won’t change.
What is the Zopa Biscuit current account?
A free current account paying 1% AER as standard, where you pick one extra benefit: 2.75% AER on your balance, or 3% cashback on up to £150 a month of bills or eating out (up to £54 a year), as of 4 October 2026.
Does Zopa charge fees abroad?
Zopa says there are no added fees from Zopa on card spending abroad and you get Visa’s exchange rate.
Is there a page on our site to help me decide on Zopa?
Yes — see Is Zopa right for me? and Atom bank vs Zopa.
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