Zopa Bank
General Information
Overview
Zopa launched in 2005 as the first ever peer to peer lending company. In 2016, the firm announced its intention to become a bank and it was granted a restricted banking licence in December 2018 and a full banking licence in June 2020. It launched its first savings products on 24th August 2020. Zopa lends money to personal customers via personal loans, credit cards and car finance.
Banking Licence
Zopa have their own banking licence which isn’t shared with any other banks
Registration Numbers
Companies House Number: 10627575
Financial Conduct Authority: 800542
Based: London
Date Launched: June 2020
FSCS Protected? Yes
Branches: Zopa does not have any branches
People of Interest
Head of Savings
Kian Wanner
Chief Executive
Jaidev Janardana
Saving Information
No. of Savers
Unknown but estimated at 30,000
Amount of Deposits
£1bn as at 19th January 2022
Loan Book
£1bn as at January 2022
Account Opening and Management
How Do I Open a Savings Account
Internet, Mobile App
How Do I Manage a Savings Account
Internet, Telephone, Mobile App
Lending Activities
Zopa lends money in three ways:
1) Personal loans
2) Credit cards
3) Car finance - via a car loan or hire purchase finance
Reviews
Feefo Reviews
No reviews on Feefo
Trustpilot Reviews
Savings Guru Verdict
Zopa offer 1, 2, 3, 4 and 5 Year Fixed rates via a quick and easy online application, with savers able to manage their money online, via Zopa's mobile and telephone. They've been consistently in our fixed rate bond best buys since launch and have one of the highest Trustpilot scores for any bank from customer feedback.
In February 2022, Zopa launched Smart Saver, it's easy access account which is only available via mobile app. It comes with up to 20 savings pots with the ability to boost the rate by locking some of those away for 7, 31 or 95 Days' Notice.
We like their promise that savers 'get a fair deal as standard.' With ambitious plans to grow to £2bn and beyond, there are one to watch.
Contact Information for Zopa Bank
Contact Details
Address: 1st Floor, Cottons Centre, Tooley Street, London. SE1 2QG
Telephone: 020 7291 8331
Website: www.zopa.com
Email: No email address but Zopa does have online chat: https://www.zopa.com/help/savings/contact/
Open: Monday to Friday, 8am - 8pm