Biscuit by Zopa review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Biscuit by Zopa suits people in the UK who want a straightforward everyday account with no monthly fee and no cost to currency conversion. Money sits under FSCS up to GBP 85,000, and the account runs from the app with support through chat, phone and help centre.
Key facts
- Best for
- A fee-free, digital-only current account for everyday spending and for travel money.
- Monthly fee
- £0↗
- Deposit protection
- FSCS up to GBP 85,000↗
- Currency conversion fee
- 0%↗
- Free ATM withdrawals
- £200↗
- Legal entity
- Zopa Bank Limited↗
- Headquarters
- United Kingdom↗
- Founded
- 2005↗
- Support channels
- Chat, Phone, Help-centre↗
- Pricing model
- No monthly fee, Low FX fees
- Features
- Digital-only, No credit check
- Official website
- zopa.com
Facts checked September 26, 2026, 4 sources
Apps and profiles
Pros and cons
Pros
- The monthly fee is £0, so keeping the account open costs nothing.
- Currency conversion runs at 0%, so spending in another currency adds no conversion charge.
- Cash withdrawals are free up to £200.
- There is no credit check to open it, which helps if you have a thin credit history.
Cons
- The account is digital-only, one of the features listed as digital only and no credit check, so everyday banking runs through the app.
- Support runs on chat, phone and help centre only, so help is remote.
Who it suits
- You manage your money on a phone and would rather not think about fees.
- You often spend or travel abroad and want currency conversion at no charge.
- You want a UK current account that opens without a credit check.
Who should look elsewhere
- You need counter or branch service, so Varo Visa Debit Card suits a different set of habits.
- You want crypto alongside everyday banking, so look at Bit2Me instead.
- You want a euro account rather than a UK one, where Crezu ES fits better.
Where it sits among rivals
On monthly fee, Biscuit by Zopa places 1 among 500 brands listed. On currency conversion it places 1 among 312. For readers weighing the accounts on this page, those two rankings are the ones that matter most, since a monthly fee and a conversion fee both come straight out of your money each month.
How Biscuit by Zopa compares
9.2 vs 8.7
9.2 vs 8.6
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Where Biscuit by Zopa is available
- Available
- United Kingdom
- Licence in United Kingdom
- Financial Conduct Authority (800542), checked September 26, 2026
- Licence in United Kingdom
- Prudential Regulation Authority, checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
How much does Biscuit by Zopa cost to run?+
The monthly fee is £0, so keeping the account open costs nothing. Cash withdrawals are covered up to £200. For an everyday account that means your regular in-country spending does not carry a monthly charge.
Is my money protected at Biscuit by Zopa?+
Yes. The account runs through Zopa Bank Limited, which is regulated in the UK by the Financial Conduct Authority and the Prudential Regulation Authority. Deposits sit under FSCS up to GBP 85,000, so your balance is covered up to that limit per person.
What happens to my money if I open a Biscuit account?+
It is a digital-only account, so everything runs through the app rather than a counter. Support comes through chat, phone and help centre, which means chat, phone and a help centre. The bank behind it is based in the UK, and there is no credit check when you open it.
Do I need a credit check to open a Biscuit account?+
There is no credit check for this account, so opening one does not depend on your credit history. That is helpful if you are younger, or if you have not built much of a record. You still need to meet the bank's other opening conditions.
Does Biscuit by Zopa charge for spending abroad?+
The currency conversion fee is 0%, so spending in another currency does not add a conversion charge on top of the exchange rate. That makes it straightforward for travel and for buying from sellers priced in other currencies. It is the clearest reason to pick this account if you move money abroad often.
Who is behind Biscuit and where is it based?+
Biscuit is Zopa's current account, run by Zopa Bank Limited, a company founded in 2005 and based in the UK. Its model pairs a no-monthly-fee approach with a low currency conversion cost. The bank is regulated in the UK by the Financial Conduct Authority and the Prudential Regulation Authority.
Sources
- zopa.com/about/our-story checked September 26, 2026
Backs: Founded
“In 2005, we built the first ever peer-to-peer lending company”
- zopa.com/zopa-account-fees-and-useful-information-300726 checked September 26, 2026
Backs: Free ATM withdrawals, Monthly fee
“Non-UK cash withdrawal fee - Fee applied when you use your debit card abroad to withdraw up to £200 cash in any 30-day period. Free”
- zopa.com checked September 26, 2026
Backs: Deposit protection, Headquarters, Legal entity, Support channels, Licences
“has its registered office at: Zopa Bank, Level 12, 20 Water Street, Canary Wharf, London E14 5GX”
- zopa.com/current-account checked September 26, 2026
Backs: Features, Currency conversion fee, Pricing model
“Biscuit is a digital-only account, so you can pay in by bank transfer but not cash ... There's no hard credit check, so your credit score won't be affected”
Compiled from 4 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Licence type, Currencies.
Related by the facts
Biscuit by Zopa
A fee-free, digital-only current account for everyday spending and for travel money.