Zopa Current account

Emily_Joy

How is the waiting time for the current account at the moment?

10_66

Growingold said:

10_66 said:

I'm still waiting for a DD to be set up via a Building Society.  They received it on the16th December (they called me to check dates) and confirmed they would set it up.  It's still not showing in my Zopa account and it's been 10 working days (inclusive of the 16th).  Has anyone else waited this long for their DD to appear in their account, please?

I set up a DD for my Zopa current account too.  I can't see anywhere in the account a link to show DD's that have been set up.  Is there one?  Thanks.

I got in touch with Zopa and they say they haven't received anything.  I got in touch with the organisation I'd set it up with and they say they've definitely sent it.  The only way they'll re-send it is if I cancel it and start all over again.  It was sent by snail mail, so easy to get lost in the post, I guess.  If not received by the end of the week, I'll have to start all over again.

s71hj

Emily_Joy said:

How is the waiting time for the current account at the moment?

My wife has been on the waiting list for at least a couple of months now.

Over62

Emily_Joy said:

How is the waiting time for the current account at the moment?

I've been on the waiting list since 8 December and starting to wonder whether this account is worth the wait.

Desmond_Hume

Again… it’s in a testing phase. Quite why people are surprised there are issues or waiting times is bizarre. 

If you have an issue, report it. Expecting near 100% reliability is foolish. If something doesn’t work, move on. 

If you don’t have an invite. Just wait. Either until you get one or until it’s fully released. 

friolento

Over62 said:

Emily_Joy said:

How is the waiting time for the current account at the moment?

I've been on the waiting list since 8 December and starting to wonder whether this account is worth the wait.

You can get up to £30 DD cashback over 12 months (not sure it renews each year). I got my £30 in my first month as I was able to set up an annual DD for the max amount.

You get 2% interest in the current account. Whilst Kroo pays better interest, the 2% beat just about every other current account. 

You get access to a Regular Saver paying an amazing 7.5%. That alone was enough reason for me to wait.

Slinky

where_are_we said:

Would this work to gain the £30 cashback on Zopa Current account? Set up a £1500 regular payment from ZCA to Vanguard Personal Pension and then cancel the regular payment soon after the first payment has been made. I assume the regular payment is a direct debit. Also I only want to contribute this tax year £2880 (being retired). I will make another single payment of £1380 before the end of this tax year.

Has anyone been able to set up a DD with Vanguard? I tried last week but it didn't have Zopa in its list of recognised banks

gsmh

Desmond_Hume said:

Quite why people are surprised there are issues or waiting times is bizarre.

Quite why people need to comment that others are not clones of themselves is bizarre. We’re all different.

Slinky

Slinky said:

where_are_we said:

Would this work to gain the £30 cashback on Zopa Current account? Set up a £1500 regular payment from ZCA to Vanguard Personal Pension and then cancel the regular payment soon after the first payment has been made. I assume the regular payment is a direct debit. Also I only want to contribute this tax year £2880 (being retired). I will make another single payment of £1380 before the end of this tax year.

Has anyone been able to set up a DD with Vanguard? I tried last week but it didn't have Zopa in its list of recognised banks

Following up on this, I contacted both Zopa and Vanguard about this yesterday. Zopa didn't have a clue how to help, but Vanguard replied to say they SHOULD be recognising Zopa as it's in their list of UK banks. They gave me a workaround to get my bank details onto their system and they will do a manual update.

Desmond_Hume

Got the email saying I can now get my salary paid into it. I'll hold off until we're out of beta before fully committing. If I do actually use it as a main account.