Zopa Bank review
Updated September 28, 2026 · HodlCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Zopa Bank suits people who want a plain UK current account and a Visa debit card for everyday spending and travel, not anyone buying crypto. The monthly fee is £0 and the currency conversion fee is 0%, with cashback of 3% on spending.
Key facts
- Best for
- A fee free UK current account with a Visa debit card and cashback on spending.
- Monthly fee
- £0↗
- Currency conversion fee
- 0%↗
- Card type
- Debit↗
- Cashback rate
- 3%↗
- Card network
- Visa↗
- Legal entity
- Zopa Bank Limited↗
- Headquarters
- United Kingdom↗
- Founded
- 2005↗
- Support channels
- Email, Chat, Phone, Help-centre↗
- Features
- Travel
- Official website
- zopa.com
Facts checked September 26, 2026, 6 sources
Apps and profiles
Pros and cons
Pros
- The monthly fee is £0.
- Currency conversion on card spending abroad is 0%.
- Cashback of 3% applies to spending on the account.
- Support runs through email, chat and phone.
Cons
- It is a debit card for a current account, so there are no crypto assets, coins or token features to hold or trade.
- Zopa Bank Limited is based in the United Kingdom and regulated there, so the account is aimed at a single market.
- The reward listed is cashback of 3%, and travel is the feature on the account.
Who it suits
- Anyone in the UK who wants a simple current account with no monthly charge
- People who spend abroad and want no currency conversion fee on card purchases
- Spenders who would rather collect cashback than pay a monthly fee
Who should look elsewhere
- Bitpanda, if you want to buy and hold crypto rather than spend from a bank account
- Wise, if a foreign currency account and transfers sit alongside your card
- BMW Card von American Express, if you want card rewards tied to a rewards programme rather than cashback
How it compares on our data
Zopa Bank sits at the top of our listings for both measures we track. It ranks 1 of 237 brands on currency conversion fee, which is a currency conversion fee of 0% on card spending abroad. On monthly fee it also ranks 1 of 379 brands, with a monthly fee of £0. Few providers in this category match it on both charges at once.
Fees
The monthly fee on this account is £0, so keeping it open does not cost anything each month. Spending on the card abroad comes with a currency conversion fee of 0%, which is the figure that matters most if you travel or buy in other currencies. Spending at home on the Visa debit card carries cashback of 3% instead of a charge.
How Zopa Bank compares
9.3 vs 9.4
9.3 vs 9.0
9.3 vs 8.2
9.3 vs 9.5
9.3 vs 9.6
9.3 vs 9.0
9.3 vs 9.1Its monthly fee is €0 as well, but it is a crypto exchange with coins to buy rather than a bank current account.
9.3 vs 8.9
9.3 vs 8.1
9.3 vs 8.2
9.3 vs 9.5
9.3 vs 9.4
9.3 vs 9.2
9.3 vs 9.1
9.3 vs 9.0
9.3 vs 8.9- 9.3 vs 8.8
9.3 vs 8.8
9.3 vs 8.6
9.3 vs 8.5
9.3 vs 8.3
Where Zopa Bank is available
- Available
- United Kingdom
- Licence in United Kingdom
- Financial Conduct Authority and Prudential Regulation Authority (800542), checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
How much is the monthly fee?+
The monthly fee is £0, so the account can be kept open without a monthly charge. Any reward comes from cashback of 3% on spending rather than from a fee saving.
Is there a fee for spending abroad?+
The currency conversion fee is 0% when you use the card abroad. That makes it a low cost option for travel spending, and the card itself is a debit card on the visa network.
Who regulates this bank?+
Zopa Bank Limited is authorised and regulated in the United Kingdom by the Financial Conduct Authority and Prudential Regulation Authority under reference 800542. The account is a regulated bank account rather than an exchange or wallet.
Can I buy crypto with this account?+
This is a current account with a debit card, and the listed feature is travel spending. Coins, wallets and self custody features sit outside what is listed here, so anyone who wants to hold crypto should look at a crypto exchange instead.
How do I get help if something goes wrong?+
Support runs through email, chat and phone, which covers a help centre, live chat, email and phone. Phone and chat are the quicker routes if a payment or card is blocked while you are abroad.
Which card network does it use?+
The card runs on the visa network, so it is accepted wherever Visa debit cards are taken. Cash withdrawal terms are not set out in the details here, so check the account terms before relying on cash machines.
Is this account only for UK residents?+
Zopa Bank Limited is based in the United Kingdom and the terms are the personal current account terms, so it is aimed at UK residents opening a UK bank account. It is not a card for residents of other markets.
What kind of brand is this?+
It is a bank rather than a crypto business, and the company was founded in 2005. The listed feature is travel spending, which is a good fit if you want a card for everyday costs rather than digital assets.
Sources
- zopa.com checked September 26, 2026
Backs: Founded
“We've been lending since 2005 and already offer award-winning credit cards, personal loans and savings accounts.”
- zopa.com/current-account checked September 26, 2026
Backs: Features, Card network
“Fee-free card spending abroad - Visa's exchange rate, no mark-ups from us. Use your card in 200+ countries and territories wherever Visa is accepted.”
- zopa.com/current-account/cashback checked September 26, 2026
Backs: Cashback rate
“Pick cashback on bills as your benefit and get 3% cashback on up to GBP 150 of Direct Debits each month.”
- zopa.com/help/article/using-debit-card-abroad checked September 26, 2026
Backs: Card type, Currency conversion fee
“Yes! You can use your Biscuit debit card globally, wherever Visa is accepted.”
- zopa.com/personal-current-account-terms checked September 26, 2026
Backs: Headquarters, Legal entity, Support channels, Licences
“having its registered office at Zopa Bank, Level 12, 20 Water Street, Canary Wharf, London E14 5GX”
- zopa.com/zopa-account-fees-and-useful-information-300726 checked September 26, 2026
Backs: Monthly fee
“General account fee - Monthly fee for providing and servicing your Zopa account. Free”
Compiled from 6 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Free ATM withdrawals, Protection.
Related by the facts
Zopa Bank
A fee free UK current account with a Visa debit card and cashback on spending.