The Anonymous Widower

The Increased Speed Of The Zopa To Nationwide Transfer

I needed to remove some of the excess interest and repayments in my Zopa account to top up my Nationwide current account.

The last time, I looked at the speed of this, it took three or four days before, it was fully documented in my bank account and available for use.

I initiated the transfer at 06:43 on the 19th. I know the time precisely, as Zopa send a check e-mail on every requested transfer. The payment arrived in my bank account sometime before 06:00 this morning. So it was definitely under forty-eight hours.

Remember too, that I’m only siphoning off interest and repayments from Zopa.  In a typical month you get upwards of five percent of your investment in Zopa, available for withdrawal, without cashing in any loans.

I’ve used Nationwide and Zopa as an example here, but I suspect most other reputable institutions, companies and individuals are the same.

I think the only thing that will happen to this sort of transfer in the future is that it will get faster.

March 21, 2014 - Posted by | Finance | , ,

2 Comments »

  1. […] If you want to remove some of the repayments or interest, it is just a simple transfer out and this has got faster recently. […]

    Pingback by Could You Use Zopa As An Annuity? « The Anonymous Widower | March 21, 2014 | Reply

  2. […] If you want to remove some of the repayments or interest, it is just a simple transfer out and this has got faster recently. […]

    Pingback by Managing Zopa As A High-Interest, Instance-Access Deposit Account « The Anonymous Widower | September 18, 2014 | Reply


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