+£10
Current account12 mins
ZopaCurrent account
£10 Free Cash•12 mins
£10 Free Cash
+£10
What is Zopa?
Zopa is mobile banking app that offers a current account called Biscuit.
Launched
2005
Customers
1.5m+
Google Play
4.7 (28k)
★★★★★★
Key Terms
Profit
+£10
Credit checkSoft check
DepositNone
Free cash£10
Free cash arrives1 days
Step by Step Guide
Chris's overview
Optional·1 min read
Zopa has been surging up the popularity charts in recent years, much like any kid at secondary school after they walked in wearing a new bomber jacket (yes I did go to school in the 1990s).
You'll get £10 free cash for opening your Zopa account using a referral link. That’s it! This is so easy it’s an absolute no-brainer.
If you decide to try Zopa after getting your free £10, I’ve given it a try and genuinely like it. They are very generous with their rewards including regular saving rates (7%), cashback on bills (2%) and interest on your balance (2%).
Get your free £10 first and then check out the full review further down this page for more details.
1
Sign up to Zopa
8 mins
- Use the referral link below to download the app
- Verify your identity with passport or driving licence
On desktop? Scan QR code on your phone
2
Open your Biscuit account
2 mins
- Open your Biscuit current account in the app
No additional requirements - no deposit, no transactions needed.
3
Receive £10 cash24h
2 mins
£10 free cash credited within 24 hours
- Spend or transfer to your main bank
Offer Complete
Done? Tick off each step above to see your total.
Zopa Full Review
Completed the offer? Awesome! Here's our full review on why Zopa could work well for you going forward.
Zopa started as the UK's first peer-to-peer lending platform back in 2005, and has since evolved into a fully-fledged digital bank. Their Biscuit current account combines everyday banking with genuine money-earning features that set it apart from traditional high street banks. With over 1.6 million customers and consistently high app store ratings, Zopa has established itself as a trusted name in UK fintech.
See the App
Is Zopa safe?
Yes, Zopa is a fully regulated UK bank. They're authorised by the Prudential Regulation Authority (PRA) and regulated by both the Financial Conduct Authority (FCA) and the PRA (firm reference number 800542). Most importantly, your deposits are protected by the Financial Services Compensation Scheme (FSCS) up to £120,000 per person - the same protection you get with any major high street bank.
Zopa uses bank-grade security including biometric login, instant card freezing, and real-time transaction notifications. They've been operating since 2005 and have built a strong reputation for security and reliability.
Who is Zopa for?
Zopa's Biscuit account is ideal for anyone looking to earn more from their everyday banking. It works particularly well as a secondary account for managing household bills (to maximise the 2% cashback), or as a travel-friendly option thanks to the fee-free spending abroad.
If you're comfortable with app-only banking and don't need branch access, Zopa offers a compelling package. It's especially suited to people who want competitive interest rates without the hassle of constantly switching between accounts.
Top 5 Zopa Features
1
2% cashback on bills
Earn 2% cashback on eligible Direct Debits like energy, broadband, and council tax, capped at £30 per year. The cashback is automatically credited to your account.
2
2% AER interest
Your balance earns 2% AER (fixed for 12 months), paid monthly. No need to lock money away in savings pots - your current account balance works for you.
3
No foreign exchange fees
Spend abroad without hidden charges. You get the Mastercard exchange rate with no additional fees, making it a great travel companion.
4
Round-ups and savings pots
Automatically round up your purchases to the nearest pound and save the difference. Create multiple savings pots to organise your money goals.
5
Instant notifications
Get real-time alerts for every transaction, so you always know exactly where your money is going. Freeze and unfreeze your card instantly if needed.
Pros and Cons
Pros
- ✓Competitive 2% AER interest on your balance (fixed for 12 months)
- ✓Genuine cashback on household bills
- ✓Clean, intuitive app design
- ✓No monthly fees or minimum balance
- ✓FSCS protected up to £120,000
Cons
- ✗App-only - no branch access
- ✗Limited to UK residents only
- ✗Cashback capped at £20 per month
- ✗No joint accounts currently available
Chris's Verdict
Zopa's Biscuit account offers a compelling package for anyone looking to make their money work harder. With market-leading interest rates, genuine cashback on bills, and a polished app experience, it's a strong choice for a secondary account or even as your main banking app.
The combination of 2% AER on your balance and 2% cashback on bills means you're genuinely earning rather than just storing your money. Add in the fee-free foreign spending and FSCS protection, and it's easy to see why Zopa has attracted over 1.6 million customers.
If you're comfortable with digital-only banking and want to maximise your everyday finances, Zopa is definitely worth the 10 minutes to sign up - especially with the £10 bonus for new customers.
