Kroo offers a 100% free-to-open current account with no hidden fees and no penalty fees. We’ve built the Kroo current account to be a product we’d be proud to offer to our friends and family.
From spending insights to fully transparent fees, our mobile-only current account gives you the freedom to manage your finances with ease.
Kroo charges no opening fees, no maintenance fees and has zero commission when you spend abroad. The Kroo current account is free and feature-packed to meet your banking needs.
Withdraw up to £200 every 30 days with zero fees. For withdrawals more than £200, we charge 3%.
24.9% APR variable*.
As an example, if you use an arranged overdraft of £1,200 for 30 days, with 24.9% EAR/APR variable, it would cost you £22.13.
* Subject to status.
Use your face or finger to access your Kroo app to keep your funds safe.
Freeze and unfreeze your Kroo debit card instantly from the Kroo app.
Our customer services team is always happy to help in-app or at help@kroo.com.
Kroo Bank Ltd is a limited company registered in England and Wales with company registration number 10359002. Its registered address is LABS House, 15-19 Bloomsbury Way, London WC1A 2TH. Kroo is authorised as a bank by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority (firm registration number 953772).
Kroo Bank Ltd specialises in financial services for retail customers. All eligible deposits are protected by the Financial Services Compensation Scheme up to £85,000 per customer.
Kroo is separately registered as a payment services / electronic money agent of Modulr FS Limited under registration number 902797. Kroo currently continues to operate a Debit MasterCard® for existing customers only. This is an e-money debit card, not a bank current account, and it is not covered by FSCS deposit protection. The card is issued by PayrNet Limited (“PayrNet”) which is authorised by the Financial Conduct Authority to conduct electronic money service activities under the Electronic Money Regulations 2011 (firm registration number 900594). The card is issued pursuant to a licence by Mastercard International Inc. and can be used wherever Mastercard® is accepted. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.
PayrNet (and Modulr FS Limited who process some payments for Kroo) hold e-money customer money and follow a set of regulatory safeguarding rules to keep that money safe. These rules require them to place customers’ money in a separate and secure account at an institution regulated by the Financial Conduct Authority (FCA). PayrNet and Modulr do not use customer money for anything else, for example, they cannot use it to pay their own staff salaries.
Kroo is no longer issuing e-money debit cards to new customers.
