Zopa Bank review
Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Zopa Bank suits UK adults who want everyday spending with no monthly charge and 3% cashback from the current account. The current account charges a monthly fee of £0 and the credit card an annual fee of £0, with a currency conversion fee of 0% on the debit card.
Key facts
- Best for
- A UK current account with 3% cashback, a monthly fee of £0 and a Visa debit card charging 0% to convert currency.
- Monthly fee
- £0↗
- Currency conversion fee
- 0%↗
- Card type
- Debit↗
- Cashback rate
- 3%↗
- Card network
- Visa↗
- Legal entity
- Zopa Bank Limited↗
- Headquarters
- United Kingdom↗
- Founded
- 2005↗
- Support channels
- Email, Chat, Phone, Help-centre↗
- Features
- Travel
- Official website
- zopa.com
Credit cards
- Annual fee
- £0↗
- APR
- 29.8% to 34.8%↗
- Rewards type
- None↗
- Perks
- Credit Cushion to set aside part of the available credit balance, Instant payment notifications and real-time balance updates, Instantly freeze the card if you spot an unusual transaction, View your PIN in the app, No fees for using the card abroad, Repay by debit card or set up automatic monthly repayments, Best Credit Card Provider at British Bank Awards 2026, Apple Pay support for the Zopa credit card and Biscuit debit card↗
- Card kind
- Credit↗
- Pricing model
- No annual fee
Facts checked September 26, 2026, 8 sources
Apps and profiles
Pros and cons
Pros
- The current account pays 3% cashback and lists travel as a feature, which suits regular spenders and travellers.
- The credit card's listed perks include no fees for using the card abroad, with repayment by debit card or automatic monthly repayments.
- The card can be frozen instantly from the app if an unusual transaction appears, alongside instant payment notifications and real time balance updates.
- Support runs on email, chat and phone, covering phone, email, chat and the help centre.
Cons
- The credit card charges 29.8% to 34.8% in interest, higher than 27.8% for most of the cards compared here.
- Rewards type on the credit card is none, so there is no points or miles scheme to earn on spend.
Who it suits
- UK adults who want a current account with cashback and no monthly charge.
- Travellers who would rather pay 0% to convert currency than a percentage on every card purchase abroad.
- People who want a credit card with £0 annual fee and no charges on foreign use.
Who should look elsewhere
- Wise, for readers holding several currencies at once, since its currency conversion fee is 0.1% against 0% here.
- bunq, for euro spenders who want a euro account rather than a sterling current account, with a plan fee of €0 in euro.
- Varo Believe Secured Credit Card, for US borrowers, since its monthly fee of $0 sits in dollars and it is a secured card.
Where it sits among rivals
On cost, Zopa Bank sits at 1 of 422 brands on monthly fee and at 1 of 258 on currency conversion fee. That placing on both cost measures puts it ahead of cards and accounts aimed at people who pay a monthly charge or convert money on every trip abroad.
Who runs it
Zopa Bank Limited is the legal entity behind both the current account and the credit card, headquartered in the United Kingdom and trading since 2005. It is regulated in the UK by the Financial Conduct Authority and Prudential Regulation Authority, registration 800542. Support runs on email, chat and phone for account and card questions.
How Zopa Bank compares
9.3 vs 9.4
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Where Zopa Bank is available
- Available
- United Kingdom
- Licence in United Kingdom
- Financial Conduct Authority and Prudential Regulation Authority (800542), checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
How much does the Zopa current account cost?+
The current account carries a monthly fee of £0, and the account model is listed as no annual fee. The debit card draws on the same balance, so the account fee is the main ongoing cost to check.
Does the Zopa debit card charge for currency conversion?+
The debit card's currency conversion fee is 0%, and no fees for using the card abroad are listed among the card perks. That makes the card a low cost option for trips where the local currency is not sterling.
What rate does the Zopa credit card charge?+
The credit card's APR runs 29.8% to 34.8%, given as a range rather than a single headline rate. Repayment can be made by debit card or set up as automatic monthly repayments, and Credit Cushion lets you set aside part of the available balance.
Is the Zopa credit card free to hold?+
The annual fee on the credit card is £0 and the listed perks include no fees for using the card abroad. Rewards type on this card is none, so the value sits in the rate and the card features rather than a points scheme.
How much cashback does the Zopa current account pay?+
The current account pays 3% cashback, and travel is the flagged feature of the account. The visa debit card pairs with it, and Apple Pay is supported for the Zopa credit card and the Biscuit debit card.
Who regulates Zopa Bank?+
Zopa Bank Limited is the legal entity, and it is regulated in the UK by the Financial Conduct Authority and Prudential Regulation Authority under registration 800542. Its headquarters are in GB and it has traded since 2005.
How do I contact Zopa support?+
Support runs on email, chat and phone, covering phone, email, chat and the help centre. The app also carries instant payment notifications, real time balance updates and the option to freeze the card instantly if an unusual transaction appears.
What cards does Zopa offer?+
Two card types sit alongside the current account: the debit Biscuit card and the credit card, which carries an annual fee of £0. The debit card runs on visa, and both support Apple Pay.
Sources
- zopa.com checked September 26, 2026
Backs: Founded
“We've been lending since 2005 and already offer award-winning credit cards, personal loans and savings accounts.”
- zopa.com/credit-card checked September 26, 2026
Backs: APR, Card kind, Perks, Rewards type
“Rates from 29.8%, Representative example: 34.8% representative APR variable based on an assumed credit limit of £1200. 34.8% p.a. variable purchase rate.”
- zopa.com/current-account checked September 26, 2026
Backs: Features, Card network
“Fee-free card spending abroad - Visa's exchange rate, no mark-ups from us. Use your card in 200+ countries and territories wherever Visa is accepted.”
- zopa.com/current-account/cashback checked September 26, 2026
Backs: Cashback rate
“Pick cashback on bills as your benefit and get 3% cashback on up to GBP 150 of Direct Debits each month.”
- zopa.com/help/article/using-debit-card-abroad checked September 26, 2026
Backs: Card type, Currency conversion fee
“Yes! You can use your Biscuit debit card globally, wherever Visa is accepted.”
- zopa.com/help/article/what-fees-do-you-charge checked September 26, 2026
Backs: Annual fee, Pricing model
“We charge two fees - a missed payment fee of £12 if you don't make your minimum monthly payment on time, and a cash withdrawal fee of £3 for each cash withdrawal from an ATM.”
- zopa.com/personal-current-account-terms checked September 26, 2026
Backs: Headquarters, Legal entity, Support channels, Licences
“having its registered office at Zopa Bank, Level 12, 20 Water Street, Canary Wharf, London E14 5GX”
- zopa.com/zopa-account-fees-and-useful-information-300726 checked September 26, 2026
Backs: Monthly fee
“General account fee - Monthly fee for providing and servicing your Zopa account. Free”
Compiled from 8 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Free ATM withdrawals, Protection.
Zopa Bank
A UK current account with 3% cashback, a monthly fee of £0 and a Visa debit card charging 0% to convert currency.