Kroo Bank’s study of 2,000 UK adults (25-64 year olds) found that 47% have just one current account, with the average person holding 1.6. Multi-banking is most common among younger adults with 58% of 25-34s having two or more accounts, compared with 37% of 55-64s.
Most people think improving their finances means one thing: saving more.
A new year is the ideal time to rethink your money habits, not by cutting out everything you enjoy, but by finding a balance that helps you feel more in control. Whether you’re saving for something big or just want to feel more confident day-to-day, a few simple principles can make managing your money much easier.
At Kroo, we’re committed to making money management simpler and more transparent. This year, we were part of a major milestone for UK banking.
At Kroo, keeping your account safe is our top priority. That’s why we work closely with CIFAS, the UK’s fraud prevention service.
Are you playing catch-up with your finances? You're not alone! In a world where the cost of living keeps climbing, it's easy to feel overwhelmed. But you don’t need to be a financial expert to get a grip on your money. Let’s break down the basics.
An impersonation scam is where you're convinced to make a payment to someone claiming to be from an organisation you trust. This could include a bogus tax refund offer or providing your bank details to “your bank”.
In a romance scam, the victim is persuaded to transfer money to someone they've met online, with whom they believe they have built a romantic relationship. The relationship is usually established on social media or via dating apps/ websites. Once they've established their victim's trust, the scammer may claim to be experiencing problems, such as...
This Valentine's Day, we at Kroo want to make sure you're in a healthy financial relationship. Our guide to spotting the four red flags of banking should help you avoid financial heartbreak and find a solid banking connection you can cherish. Love bombing Did your bank come on strong from day one, luring you in...