Zopa Current account

ThePirates

I use a Halifax credit card for normal spending and pay it off in full at the end of each month. Those I'd regularly over £1500 so thought it would be ideal for the Zopa reward. Tried 3 times yesterday too dry up a DD but Halifax didn't recognise Zopa's sort code 🤦

flaneurs_lobster

ThePirates said:

I use a Halifax credit card for normal spending and pay it off in full at the end of each month. Those I'd regularly over £1500 so thought it would be ideal for the Zopa reward. Tried 3 times yesterday too dry up a DD but Halifax didn't recognise Zopa's sort code 🤦

04-19-04? That's odd, I can set up my Zopa CA as a payee in my Halifax CA, no problem with Confirmation of Payee - should be the same process-ish to set up a DD.

Is it a new (last 24 hours) Zopa CA?

qbadger

https://www.zopa.com/help/article/known-issues-beta-zopa-account

ThePirates

flaneurs_lobster said:

ThePirates said:

I use a Halifax credit card for normal spending and pay it off in full at the end of each month. Those I'd regularly over £1500 so thought it would be ideal for the Zopa reward. Tried 3 times yesterday too dry up a DD but Halifax didn't recognise Zopa's sort code 🤦

04-19-04? That's odd, I can set up my Zopa CA as a payee in my Halifax CA, no problem with Confirmation of Payee - should be the same process-ish to set up a DD.

Is it a new (last 24 hours) Zopa CA?

No I've had it open a few weeks now...

Desmond_Hume

We're remembering this is a beta testing phase..?  Issues are not really a surprise.

ThePirates

qbadger said:

https://www.zopa.com/help/article/known-issues-beta-zopa-account

Just mentioned my issue via a Zopa chat, they acknowledged the issue, are working with Halifax to fix it and credited my account with £10!

oldagetraveller1

Good luck trying to close a current account with Zopa, it's just like staying at the Hotel California!

ThePirates

oldagetraveller1 said:

Good luck trying to close a current account with Zopa, it's just like staying at the Hotel California!

Why would I want to close it, it's got a linked 7.5% savings account?

pecunianonolet

ThePirates said:

oldagetraveller1 said:

Good luck trying to close a current account with Zopa, it's just like staying at the Hotel California!

Why would I want to close it, it's got a linked 7.5% savings account?

Because the regular Saver isn't for everyone. For a 40% tax payer the rate would be equivalent to 4.5% and with monthly interest and fully maxed out PSA this year it might make more sense to feed a different regular saver and interest to be part of the next year. I haven't opened one and won't do so until 1st of April.

oldagetraveller1

ThePirates said:

oldagetraveller1 said:

Good luck trying to close a current account with Zopa, it's just like staying at the Hotel California!

Why would I want to close it, it's got a linked 7.5% savings account?

My post was not aimed at any particular individual, just a general remark.

However, it's impossible to close it if one so wishes. It really is.

Direct from the horse's mouth, so to speak. Their question marks.

"??????The Zopa Bank Account is currently in a Beta phase and one of the features we are still building is the ability to fully close your account."

"They livin' it up at the Hotel California"

"You can check-out any time you like
But you can never leave!"