$10 Off Kroo Vouchers, Discount Codes November 2024

About Kroo

Kroo is a modern banking solution founded in 2016, designed to change the traditional banking landscape for good. Officially licensed as a bank in 2022, Kroo aims to provide a customer-centric experience that combines the security of a high-street bank with the flexibility of fintech. With a mission to enhance financial independence and foster a positive relationship between customers and their finances, Kroo offers features like zero fees on foreign spending, deposit protection, and innovative tools for better money management. The brand emphasizes sustainability by pledging to plant two trees for every new customer.

Key Features That Set Kroo Apart

Kroo stands out in the crowded fintech market with several unique features:

• High-Interest Current Account: Customers can earn up to 4.35% AER on balances up to £85,000, making it one of the most competitive accounts available.
• No Foreign Transaction Fees: Kroo allows users to spend abroad without incurring additional charges, making it ideal for travelers.
• User-Friendly Mobile App: The Kroo app facilitates real-time transaction tracking, bill splitting, and shared expenses, enhancing user experience.
• Sustainability Initiatives: For every new account opened, Kroo commits to planting two trees, aiming for a total of one million trees by 2024.
• Transparent Overdraft Options: An optional overdraft is available at a single rate of 24.9% EAR/APR, subject to eligibility.

Frequently Asked Questions

What types of accounts does Kroo offer?

Kroo currently offers a single current account designed for everyday banking needs, along with optional personal loans.

Is my money safe with Kroo?

Yes, Kroo is protected by the Financial Services Compensation Scheme (FSCS), which covers deposits up to £85,000.

How do I access customer support?

Customer support is available through the Kroo mobile app via a messaging feature. Users can get assistance quickly and efficiently.

Are there any monthly fees associated with the account?

No, there are no monthly fees for maintaining a Kroo account. Additionally, there are no fees for spending abroad or withdrawing cash up to £200 per month until October 2023.

Can I use my Kroo debit card internationally?

Yes, you can use your Kroo debit card anywhere Visa is accepted without incurring foreign transaction fees.

Kroo represents a significant shift in how banking can be approached in today's digital age. By focusing on user experience, sustainability, and innovative technology, it has carved out a niche that appeals to modern consumers looking for more than just traditional banking services.