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FAQs

All the answers to our most common queries.

Need help? Call 0800 822 3400 or Contact us

General Questions

How do I use a Tappily facility to prevent paying unauthorised overdraft fees?

A Tappily credit facility can prevent you from incurring unauthorised overdraft fees by transferring money into your account, up to an agreed credit limit, when you are about to go overdrawn.

Once you have completed your application and if after we complete our affordability checks you are approved for credit, you can borrow money in the following ways:

  • • Switch Tappily’s auto-borrowing ‘on’, then set the balance (protection level) that will trigger auto-borrowing. When Tappily detects that you have reached this level, we will automatically transfer money to your account to prevent you from going overdrawn.
  • • You can also borrow up to your available credit whenever you choose from your Tappily dashboard. If you do not want auto-borrowing you can choose to manage your account manually.

Please note the opportunity to avoid or prevent such charges using the Tappily credit facility is dependent upon the proper use of the facility. If you exhaust your Tappily credit limit and carry on spending then you may still incur bank charges.

Is there a charge for using Tappily?

If you borrow money on your Tappily account you will be charged 0.34% interest per day. This equates to £0.34 per day for every £100 borrowed. There are no other fees or charges. Tappily’s money management tools are supplied completely free of charge.

Eligibility for a Tappily facility is subject to credit and affordability checks.

What is the charge for a Tappily facility?

Interest is charged at a flat rate of £0.34 per day for every £100 borrowed.

How long does it take to transfer a manual Tappily instalment into my current account?

For customers who have been approved for, and set up their Tappily facility, the typical time taken to transfer money to your current account is less than 15 minutes.

However, please note that in certain circumstances a money transfer can take up to 2 hours, depending on the bank concerned.

For new applicants it may take up to 24 hours to set up a Tappily facility in addition to the time it takes to transfer a credit instalment.

Can I make payments or transfer money from my current account to another account via Tappily?

No.

Tappily is a read-only service. You cannot pay bills or transfer money from your current account to another account using Tappily.

If approved for a Tappily facility, funds up to an agreed credit limit can be transferred into your current account.

Do I have to sign a contract or credit agreement?

Yes

You will need to sign a Credit Agreement if you require a Tappily facility.

Tappily is a running account credit facility, which operates in a similar way to a credit card agreement. We will send you legal documentation to help you understand your rights and obligations and to decide whether the product is suitable for you.

Tappily is a trading name of Indigo Michael Ltd which is regulated and authorised by the Financial Conduct Authority under Firm Reference Number (FRN) 715525.

You will receive the following documentation, please read it carefully and make sure you understand the information contained within:

  • • Standard European Consumer Credit Information (SECCI) document which details how the Tappily facility works
  • • An explanation of your Credit Agreement, which outlines the product and gives examples of how appily works
  • • A regulated Credit Agreement that requires an electronic signature before a Tappily facility can be set up.
Why has my Tappily facility been locked?

If you find your Tappily facility has been locked then it is likely that you either have some outstanding debt with us that needs to be repaid, your financial circumstances may have changed or that your online banking details have altered.

We advise that you contact us immediately on 0800 822 3400 or Contact us

Why can’t I deposit a credit instalment manually using my Tappily facility?

If you cannot borrow manually from your Tappily facility then it may have been temporarily locked. This can happen if there is an outstanding balance that needs repaying, there has been a change in your financial circumstances or that your online banking details have altered.

We advise that you contact us immediately on 0800 822 3400 or Contact us

How do I contact your Press Office?

You can contact our Press Office by sending an email to the following email address: press.office@Tappilymail.co.uk.

How can I close my Tappily account?

Please let us know if there is anything we can help you with on 0800 822 3400 or Contact us

However, if you no longer wish to have Tappily account, please write to us informing us of this and post to the following address:

Tappily

PO Box 1515

High Wycombe

HP11 9JE

Eligibility

Will you run a credit check on me?

Yes.

As a responsible lender, we take into account your personal circumstances to establish the appropriate level of credit to grant you. To help us do this, applications may be assessed using a process called credit scoring, which assesses credit stability and ability to pay. Credit scoring produces consistent decisions and is designed to ensure all applicants are treated fairly.

As part of the same process we also report your Tappily repayment behaviour to the credit agencies.

Will borrowing using Tappily affect my credit score?

Yes.

Tappily reports your borrowing and repayment behaviour to the Credit Reference Agency.

This means if you repay your Tappily balance on time and avoid missing payments or falling into arrears then using a Tappily facility may help improve your credit rating.

Conversely, if you do not keep up with your repayments then we are required to inform the Credit Reference Agency which may negatively impact your credit rating and your ability to obtain credit in the future.

Do I need a bank account?

Yes.

To use Tappily you will need a registered UK bank account with an Internet Banking service in your name.

To be eligible for a Tappily facility you must use the bank account your main salary or other main source of income is paid into.

I have a bad credit history/poor credit rating, how will this affect my application?

If you have been refused credit elsewhere, we may be able to help. Consumers with a less than perfect credit history are eligible to apply for a Tappily facility.

All applications are subject to credit checks including the use of data from a credit reference agency search. Please note, the more recent the bad credit history, the smaller the chance of being accepted for a Tappily facility.

As a responsible lender, Tappily share all customers borrowing and repayment history with credit reference agencies meaning that positive repayment behaviour can help improve and rehabilitate a credit rating.

When isn’t a Tappily facility suitable?

A Tappily facility should not be used:

  • • If you lack control of your expenditure
  • • As a long term credit facility
  • • For day to day essential living expenses
I’ve been declined for a Tappily facility will I be able to get one in the future?

If your financial circumstances have changed for the better since your initial application then you may now be eligible for a Tappily account.

How many Tappily accounts am I allowed to have at any one time?

Our current policy is one Tappily account per customer. We will inform you if we change this policy.

What is an APR? What does it mean to me as a customer?

APR stands for Annual Percentage Rate and is a measure borrowers can use to compare credit charges.

The cost of using a Tappily facility is £0.34 per day for every £100 borrowed. The interest rate is 0.34% per day equating to 124% per annum (variable) charged for a maximum 75 days on the outstanding balance.

The APR calculation assumes that Tappily’s daily interest charges are annualised over the period of a year whereas your use of Tappily may only be for a few days or weeks.

Deposits and repayments

How do I set up/stop auto-borrowing instalments being transferred into my account?

You have full control of your Tappily facility from your personalised dashboard. You can turn the auto-borrowing instalment facility on or off by clicking on the appropriate button on your dashboard.

You can also contact us on 0800 822 3400 or Contact us

How do I repay?

You can repay the outstanding balance and interest at any time.

Repayments can be made manually through your Tappily dashboard as well as automatically when money comes into your account, subject to the agreed repayment restrictions as set out in the Terms and Conditions. Repayments can also be made by contacting us on 0800 822 3400.

Our repayment systems are designed to operate automatically so that, if you have the available funds in your current account, you automatically make a payment to reduce the outstanding Tappily balance and minimise the period over which you pay interest.

When taking an automatic repayment, we will always leave you with a buffer above your pre-agreed protection level so that an automatic repayment will not trigger another credit instalment. It also means that automatic repayments will not put your account balance beyond your authorised overdraft limit. The amount taken is capped by the auto-repayment limit you set in your dashboard. If however you do go into arrears, we will attempt to collect the due minimum repayment (plus any arrears), even if this exceeds the minimum repayment limit set by you.

There is an exception to the automatic functionality, which will arise if for any reason we can no longer access your real-time banking data. In these circumstances the auto-borrowing and auto-repayments will not work, as we will no longer have access to your account balance. Instead, we will take a minimum payment (plus arrears) using continuous payment authority on the date your salary (or any other regular income) is next anticipated by us to be paid into your bank account.

We will notify you by email, SMS or telephone call at least 48 hours before attempting to take payment on the target date. If for any reason you cannot repay the amount due, please advise us of this and make alternative repayment proposals.

Every month you receive a statement detailing your credit instalments, your credit limit and any repayments and interest applicable to your Tappily facility since you received your last statement. If you fail to make the full minimum repayment by the due date then your Tappily facility will go into arrears, may be withdrawn and collections proceedings will be instigated.

My circumstances have changed and I can't repay my Tappily balance, what do I do?

Please contact one of our Customer Service Representatives on 0800 822 3400 or Contact us , we have lots of options that might help.

Username, passwords and personal info

What if I have lost my log in details?

Please contact us on 0800 822 3400 to speak with a Customer Service Representative who will be happy to confirm and verify your details, or contact us

I don’t have access to my old email address so I can’t recover my password. What do I do now?

Please contact us on 0800 822 3400 to speak with a Customer Service Representative who will be happy to confirm and verify your details and update your email address, or Contact us

Security

What level of security does Tappily use?

All data is securely handled in systems similar to those used by leading high street banks. Tappily uses 256-bit SSL encryption.

Tappily and the datacentre which houses its database are both fully PCI compliant.

How do you use cookies?

We use cookies to store information about your visit to the Tappily site which allows us to keep you logged into your account securely. This involves a small token linked to your account each visit that helps Tappily know that the user browsing your account is in fact you. Note, we do not store your account details, password or any personal details in a cookie at any time.

We store additional anonymous information in cookies which allow us to generate statistics on how our website is performing. These cookies may also come from third parties. This type of cookie is widely used on the internet and in themselves do not identify the individual browsing the site.

You can choose to disable or selectively turn off our cookies or third party cookies in your browser settings, or by managing preferences in programs such as Internet Security suits. However, this can affect how you are able to interact with our site as well as other websites. This could include the inability to login to services or programs, such as logging into your account.

To find out more about how we use cookies, please read our Privacy Policy: https://www.Tappily.co.uk/content/html/privacy-policy.html

Do you keep my information and details if I cancel my Tappily profile?

We process data in accordance with the General Data Protection Regulations (GDPR). Once you have cancelled your Tappily profile, we will only store data to the extent necessary to comply with the legal obligations and we will always delete your Internet Banking details. If you have any questions about your data, please contact our Data Protection Officer.