Zopa Current account

friolento

You don't have to do the £1,500 in one go. It's just convenient if you can, but it can actually be spread over 12 months if you wish. £1,500 is the max you get cashback on in the 12 months period.

winkowinko

friolento said:

You don't have to do the £1,500 in one go. It's just convenient if you can, but it can actually be spread over 12 months if you wish. £1,500 is the max you get cashback on in the 12 months period.

I understand that, but my preference would be to do it in one hit, which I believe others have been able to do.

winkowinko

Ok, so confirmation from MB that max MONTHLY direct debit limit is £2k, which can be set up via the 'payday boost' option.

The maximum weekly limit is £400 - but this is selected via a different method. That's where I was initially trying to set up the one-off £1500 direct debit from, before cancelling it.

flaneurs_lobster

There's definitely a mechanism to set up a 1-off payment (not weekly nor monthly). I'll look out exactly how later unless someone else has it in front of them? No access to app at the mo'.

crumpet_man

Click Add Money > Choose account (i.e. Simple saver) > confirm > deposit later: add to my next collection collected via direct debit

That's it.

ForumUser7

Anyone actually received cashback for the second year though?

flaneurs_lobster

ForumUser7 said:

Anyone actually received cashback for the second year though?

If last year's timetable is repeated then the cashback will be paid at end of Nov/beginning of Dec.

winkowinko

crumpet_man said:

Click Add Money > Choose account (i.e. Simple saver) > confirm > deposit later: add to my next collection collected via direct debit

That's it.

Thank you. So easy after all. I was fixating on all their other options for debiting the payment, like weekly automated payments and payday boost.

I know the withdrawal collection starts at midday on a Wednesday, but does the instruction need to be set up well in advance? Equally, can it be edited/deleted right up to the moment the cycle is due to start?

flaneurs_lobster

winkowinko said:

I know the withdrawal collection starts at midday on a Wednesday, but does the instruction need to be set up well in advance? Equally, can it be edited/deleted right up to the moment the cycle is due to start?

I was playing with that functionality at around 11:am this morning (Wed) when the question was first asked about setting up a payment and managed to set up a collection for £1500 due to be collected at midday. 

Also managed to reduce it to zero 5 minutes later.

Don't know if amendment is allowed after its been "collected", but in any case if the money's not in the CA on the following Monday then it ain't getting pulled by the DD.

ccluedo

£30 (1st year) cashback received.