Zopa Current account

friolento

I know what you mean by making sense of the Zopa terms.

I still have my DD set up from last year, so will make sure I have £1,500 in Zopa when it’s due to be taken. It will be another month or so from then before I know whether I get any cashback, and how much

crumpet_man

friolento said:

I know what you mean by making sense of the Zopa terms.

I still have my DD set up from last year, so will make sure I have £1,500 in Zopa when it’s due to be taken. It will be another month or so from then before I know whether I get any cashback, and how much

This prompted me to check mine and I also still have the moneybox DD setup.  Added to my calendar now to make sure £1500 is in Zopa before the DD is taken in December.

s71hj

crumpet_man said:

friolento said:

I know what you mean by making sense of the Zopa terms.

I still have my DD set up from last year, so will make sure I have £1,500 in Zopa when it’s due to be taken. It will be another month or so from then before I know whether I get any cashback, and how much

This prompted me to check mine and I also still have the moneybox DD setup.  Added to my calendar now to make sure £1500 is in Zopa before the DD is taken in December.

I assume you have to do something at the Moneybox end too? 

crumpet_man

s71hj said:

crumpet_man said:

friolento said:

I know what you mean by making sense of the Zopa terms.

I still have my DD set up from last year, so will make sure I have £1,500 in Zopa when it’s due to be taken. It will be another month or so from then before I know whether I get any cashback, and how much

This prompted me to check mine and I also still have the moneybox DD setup.  Added to my calendar now to make sure £1500 is in Zopa before the DD is taken in December.

I assume you have to do something at the Moneybox end too? 

The DD will take £1500 from Zopa and deposit to my Moneybox savings account. 

I probably don't want to leave £1500 in Moneybox as the interest rate is not the best and will withdraw £1500 which goes back to Zopa and then I can transfer to my preferred savings account.

clairec666

crumpet_man said:

s71hj said:

crumpet_man said:

friolento said:

I know what you mean by making sense of the Zopa terms.

I still have my DD set up from last year, so will make sure I have £1,500 in Zopa when it’s due to be taken. It will be another month or so from then before I know whether I get any cashback, and how much

This prompted me to check mine and I also still have the moneybox DD setup.  Added to my calendar now to make sure £1500 is in Zopa before the DD is taken in December.

I assume you have to do something at the Moneybox end too? 

The DD will take £1500 from Zopa and deposit to my Moneybox savings account. 

I probably don't want to leave £1500 in Moneybox as the interest rate is not the best and will withdraw £1500 which goes back to Zopa and then I can transfer to my preferred savings account.

Going off-topic slightly, but can any Moneybox account be used? Trawling through their website, there's no mention of direct debits, so is this the same thing as the "weekly payment cycle"?

s71hj

crumpet_man said:

s71hj said:

crumpet_man said:

friolento said:

I know what you mean by making sense of the Zopa terms.

I still have my DD set up from last year, so will make sure I have £1,500 in Zopa when it’s due to be taken. It will be another month or so from then before I know whether I get any cashback, and how much

This prompted me to check mine and I also still have the moneybox DD setup.  Added to my calendar now to make sure £1500 is in Zopa before the DD is taken in December.

I assume you have to do something at the Moneybox end too? 

The DD will take £1500 from Zopa and deposit to my Moneybox savings account. 

I probably don't want to leave £1500 in Moneybox as the interest rate is not the best and will withdraw £1500 which goes back to Zopa and then I can transfer to my preferred savings account.

I did a 1 off dd last year. Just wondered really if it's easy to set it up once again for a 1 off. 

friolento

s71hj said:

crumpet_man said:

s71hj said:

crumpet_man said:

friolento said:

I know what you mean by making sense of the Zopa terms.

I still have my DD set up from last year, so will make sure I have £1,500 in Zopa when it’s due to be taken. It will be another month or so from then before I know whether I get any cashback, and how much

This prompted me to check mine and I also still have the moneybox DD setup.  Added to my calendar now to make sure £1500 is in Zopa before the DD is taken in December.

I assume you have to do something at the Moneybox end too? 

The DD will take £1500 from Zopa and deposit to my Moneybox savings account. 

I probably don't want to leave £1500 in Moneybox as the interest rate is not the best and will withdraw £1500 which goes back to Zopa and then I can transfer to my preferred savings account.

I did a 1 off dd last year. Just wondered really if it's easy to set it up once again for a 1 off. 

It will be as easy or difficult as it was last year, assuming you still got the same account on which to set up the DD.

 

PRAISETHESUN

clairec666 said:

crumpet_man said:

s71hj said:

crumpet_man said:

friolento said:

I know what you mean by making sense of the Zopa terms.

I still have my DD set up from last year, so will make sure I have £1,500 in Zopa when it’s due to be taken. It will be another month or so from then before I know whether I get any cashback, and how much

This prompted me to check mine and I also still have the moneybox DD setup.  Added to my calendar now to make sure £1500 is in Zopa before the DD is taken in December.

I assume you have to do something at the Moneybox end too? 

The DD will take £1500 from Zopa and deposit to my Moneybox savings account. 

I probably don't want to leave £1500 in Moneybox as the interest rate is not the best and will withdraw £1500 which goes back to Zopa and then I can transfer to my preferred savings account.

Going off-topic slightly, but can any Moneybox account be used? Trawling through their website, there's no mention of direct debits, so is this the same thing as the "weekly payment cycle"?

I only hold a Moneybox simple saver account, which links to your nominated account by direct debit. You can then use it to request DDs payments from your current account, which are taken via the weekly payment cycle you refer to. Unsure if this applies to all Moneybox account types, but I suspect it probably does

ccluedo

Is it easy enough to cancel the DD on Moneybox after the one off 1500 has been taken? Do you have to do anything on the Zopa side? Tnx

PRAISETHESUN

ccluedo said:

Is it easy enough to cancel the DD on Moneybox after the one off 1500 has been taken? Do you have to do anything on the Zopa side? Tnx

You can set up a one-off DD collection from Moneybox, so only 1 payment is taken. But if you accidently set up a recurring payment its easy enough to cancel in the Moneybox app. Failing that, cancel the DD connection via your Zopa account.