Kroo
Kroo is a financial services provider offering a high-interest current account with a range of digital banking features and robust security measures.
Current Account with 4.35% AER Interest Rate
Kroo offers a current account providing a 4.35% AER interest rate on balances. Customers can earn interest on their current account balances, with the interest calculated daily and paid monthly. This interest rate makes the Kroo current account a competitive option for individuals seeking to grow their funds.
Financial Services Compensation Scheme Protections
Kroo ensures customer deposits are protected up to £85,000 per customer under the Financial Services Compensation Scheme (FSCS). This protection provides customers with the confidence that their funds are secure in case of financial instability.
Real-Time Spending Insights and Transaction Categorization
Kroo offers features aimed at helping customers manage their finances more effectively. With real-time spending insights and transaction categorization, users can track their spending habits and better understand their financial behavior. These tools are designed to offer greater transparency and control over personal finances.
Overdraft Facilities
Kroo provides overdraft facilities, available subject to status and by invitation only. This feature can help customers manage short-term financial shortfalls, offering a safety net when needed. The availability of overdraft facilities is contingent on the customer's status and the bank’s invitation.
Support for Apple Pay and Zero Fees Abroad
Kroo supports Apple Pay, allowing for secure and private payments. Additionally, the company charges zero fees on spending abroad with the Kroo debit card, making it an attractive option for travelers. These features enhance the convenience and cost-effectiveness of the Kroo current account.
Biometric Authentication for Card Control
Kroo provides customers the ability to freeze and unfreeze their card directly within the app using biometric authentication methods such as Face ID, Touch ID, or Android Fingerprint. This feature offers an additional layer of security and control, enabling users to manage their cards efficiently in case of loss or unauthorized use.