If you would like to be scammed and treated like dog doo doo then this is the “bank” for you. They have no ethics or morals. Stay well clear their fraudsters I reported multiple Fraudulant transcactions on my Cc on a Monday at 9am (when they open for calls) and the transactions were pending, I did all the leg work for Zopa and conatcted all the retailers off which the TA’s came from, they were all pending, by Wednesday they had all be approved and all funds gone from my CC! Affect on credit file, Zopa then take the P’s and send me my interest statement charging me for the £500 odd taken off me! They seem to Not care and will then just claim back off their insurance broker thus completing the merry- go-round of dodgyness! Got an email on a Friday (who looks at emails now) to say there was suspicious activity and they have blocked my card. Seen it on the Sunday and no help line to call. Rang Monday morning at 9am and they said the block was lifted. Tried to use card and it was still blocked. This was my only access to money, I’m a single mum and don’t get paid for another 1.5 wks. Rang back and they said there was nothing they could do, left me absolutely stranded with no money to buy food or electric. Second time my card has had suspicious activity, terrible system and seemingly their security is abysmal, said I was one of many to be affected by suspicious activity. They should have called me directly on the Friday before blocking my card. Absolute JOKE of a company. Utterly shambolic. Went to live chat for help from abroad, not only did they fail to be any help whatsoever, they ‘confirmed’ who I was by giving me someone else’s details; name, email, mobile number, everything. They then repeatedly logged me out of live chat as soon as I complained at their shocking behaviour. These people are not just idiots, they’re dangerous. Will be reporting to the information commissioner. Used zopa for car finance, i took ill for a few weeks and missed 2 payments £260 , i offered ro pay this but they decided to just default me, meaning i lost my job, my family and any reason to live. Dont trust them, WHY wouldn’t they let me just pay it? They would rather repo the car and sell it at auction to make nothing. And thanks to them i can no longer pay the payments rhey think their atill owed for a car i don’t have….makes no sense unless its a scam Have car finance with zopa , i missed 2 payments because of ill health. I offered to catch up on my next wage. They would rather default me and send my life in a spiral of depression than let me pay. Tell me its not a scam when i have no car and a 5 grand debt to them, AVOID AVOID AVOID On 27th August, Zopa blocked my account immediately after I transferred my wages. I’m a disabled woman and was left stranded late at night with no way home. I called their emergency number and spent 25 minutes on hold. When I asked to speak to a manager, I was told two hours. The escalation team refused to speak to me directly. To top it off, their follow-up text survey failed with “keyword not recognised.” Zopa’s emergency and support systems are dangerous, unreliable, and leave vulnerable customers at risk. They failed me when I needed them most. Very good Great appTell us what you think of this provider.
A total joke of a company
Useless and Dodgy or In with the Fraudster for Insurance payouts!
Froze account
They gave me some random guy’s details then logged me out while trying to get help from abroad!
Scammers
Scammers
Awful experience awful service left stranded
Very good
Great app
Zopa Expert Review
Zopa Bank: Simple, Smart Digital Banking
Provider: Zopa Bank
Verdict: Zopa scores highly on transparency, customer experience, and ease of use. It is open about costs, offers digital-first tools that are easy to navigate, and has won numerous awards. However, its credit card interest rates can be high, and the absence of branch-based service may be a drawback for customers who prefer face-to-face support. Overall, Zopa offers a strong suite of financial products for those looking for a modern, digital bank with a growing reputation and a focus on customer satisfaction.
What does Zopa do?
Zopa is a UK digital bank that started life in 2005 as a peer-to-peer lending platform before launching full banking services in 2020. Today, Zopa offers a range of financial products including personal loans, savings accounts, credit cards, car finance and, most recently, a current account under the brand name “Biscuit.”
Zopa has over 1.4 million customers and positions itself as a mobile-first, user-friendly alternative to traditional banks. Customers can manage all their accounts and credit products via the Zopa app or website.
Who ows Zopa Bank?
Zopa Bank Ltd is privately owned and has received funding from major institutional investors including SoftBank Vision Fund and AP Moller Holding. The business has grown rapidly in recent years and is now profitable.
In 2024, it reported a pre-tax profit of £15.8 million, reversing a loss from the year before. The company is regulated by the Financial Conduct Authority (FCA) and customer deposits are protected by the Financial Services Compensation Scheme (FSCS), giving users added peace of mind.
Does Zopa offer credit cards?
Yes, Zopa does offer a credit card. It has no annual fee and provides a credit limit typically starting from £200 up to several thousand pounds depending on credit checks. The representative APR is 34.9% although the exact rate depends on your personal financial profile.
The card comes with features such as instant spend alerts, a “credit cushion” buffer for unexpected payments, and tools to manage your balance. Zopa won “Best Credit Card Provider” at the British Bank Awards in 2025, reflecting strong user satisfaction.
However, it is worth noting that some customers have seen their interest rates increased recently, with the minimum APR rising from under 10% to around 26.6% for new applicants.
Are Zopa loans expensive?
Zopa personal loans are competitively priced but may not always be the cheapest on the market. They offer fixed-rate loans from £1,000 to £35,000 with repayment terms ranging from 1 to 7 years.
There are no arrangement fees, and overpayments are allowed without penalty in most cases, although early repayment terms should be checked before signing. Zopa loans are often praised for transparency and speed, with many customers receiving funds the same day.
The exact APR depends on your credit score and personal circumstances, but rates are generally in the mid-range compared to other online lenders. While not the cheapest, the convenience and customer service often make up for slightly higher rates for some borrowers.
Pros
- Easy-to-use mobile app
- Award-winning customer service
- Flexible loan repayment options
Cons
- High credit card APRs
- No physical branch access
- Rates depend on credit
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Pricing
(4.5)
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Product Range
(4)
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App & Platform
(5)
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Customer Service
(4.5)
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Education & Analysis
(3.5)