Founded in 2005 as a P2P lending pioneer, Zopa obtained a full UK banking licence in 2020 and now offers competitive savings rates and cashback cards.
Requires UK residency; non-residents cannot apply.
These are stable, standing account benefits (not time-limited) — available as long as you qualify:
No. Zopa is only open to UK residents.
No minimum deposit — the account can be opened at zero.
Have your UK photo ID, UK address and UK mobile number ready, then verify.
A few minutes in the app; approval is usually instant to a few days.
Common reasons: not a UK resident, unverifiable address/number, mismatched details, or failed KYC.
Standing benefits: No Monthly Fee, No Min Deposit, Fully Online, Digital Bank, Fast Approval. Promotions change by region and quarter — always check the bank's official promo page (verified 2026-10).
Having documents ready lowers the chance of rejection; policies change, so confirm with the bank before applying.