Zopa was granted a preliminary banking license late last year but they are yet to launch their new bank; speaking at an event this week the CEO of their P2P lending arm, Natasha Wear, said the company will not be offering a current (checking) account but instead will focus on savings account with a fixed interest rate as part of the core offering; they intend to offer simple and fair products with no teaser rates and no hidden fees; they have a deadline of December this year to launch their new bank. Source.
