Kroo Bank - Mobile Banking

Kroo is a financial application that serves as a one-stop-shop for managing your money. It allows you to spend, track, and settle up with friends, all while providing real-time spending insights. The app also breaks down and categorizes your transactions for easy understanding.

One of the best features of Kroo is that it has no monthly fees. You can open a current account for free and even apply for an overdraft (subject to status) by invitation only. This makes it a cost-effective option for managing your finances.

Another perk of using Kroo is that there are zero fees for overseas transactions. You can use your Kroo debit card at home and abroad, wherever Visa is accepted, without worrying about additional charges. While some ATM providers may charge a separate fee, Kroo itself will not charge you for using ATMs overseas.

Kroo also offers peace of mind with its FSCS deposit protection of up to £120,000 per customer. The app also provides additional security measures such as Face ID, Android Fingerprint, and multi-factor authentication. Plus, with UK-based customer support, you can rest assured that any issues or concerns will be addressed promptly.

For those looking to earn interest on their current account balance, Kroo offers a competitive rate of 1.10% below the Bank of England base rate. This interest is paid into your account monthly. The app also provides a clear explanation of AER and gross interest to help you understand your earnings.

In addition to its current account, Kroo also offers a flexible cash ISA. This allows you to top-up or withdraw funds without penalties and without affecting your £20,000 allowance. This makes it a convenient and tax-free option for saving money.

Kroo takes customer privacy seriously and has a customer privacy policy in place to protect your personal information. As a fully licensed UK bank, authorized and regulated by the Prudential Regulation Authority and the Financial Conduct Authority, you can trust that your money is in good hands with Kroo.

Overall, Kroo's mission is to be a trusted and loved financial app by its customers. With its user-friendly interface, cost-effective options, and commitment to customer privacy and security, it's no wonder why Kroo is becoming a popular choice for managing money. To learn more, visit kroo.com, where you can find out more about the app and apply for a current account or manage your existing account.