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Overview

Description

Kroo is a UK-based, fully licensed digital social bank offering a fee-free personal current account with integrated high-yield interest, zero fees abroad, and a commitment to social causes.

General Info

Address
LABS House, 15-19 Bloomsbury Way, London, WC1A 2TH, United Kingdom
Phone number
+44 800 802 1323
Identification number
10359002
CEO
Andrea De Gottardo
COB
Andrea De Gottardo
Email
help@kroo.com
Full name
Kroo Bank Ltd
Name
Kroo
Website
https://kroo.com/
Social Media
SWIFT code
KROOGB23XXX

Overview

Crypto-Friendly

Risk
Medium risk
Commissions
Medium-High
Mobile App
iOS, Web, Api
Supported languages
Malayalam, Marathi, Tamil
International Transfers
ACH Transfers, Faster Payments, SWIFT, EFT Transfers
Authorities
NFA, HKMA, AFE, ASIC
Regulators
CNB, CBK, BDL
Country of registration
Kenya
Business focus
Trading, Microloans, Merchants, Deposits
Card/Payment Scheme
Visa, UnionPay, Mastercard, Japan Credit Bureau
License type
Brokerage Firms, Money Services Business (MSB), Investment Banks, Forex Broker License
Account Currency
USD, RON
AML Tolerance
Medium-High

Products

Payment Cards - Debit

CBDC

Cryptoprocessing

Investments

Loans - Car loans

Loans - Consumer loans

Loans - Microloans

Loans - Mortgage loans

Loans - Student loans

Payment Cards - CashbackCard

Payment Cards - Credit

Payment Cards - Crypto

Payment Cards - Prepaid

Payment Cards - Travel

SEPA

SWIFT

Savings accounts

Staking

Time Deposits

Trading accounts

Features

ATM support

Acquiring bank

Cryptocurrency exchange

Cryptopayments

Expense Management Tools

Overdrafts

Personal Manager

Servicing of Individuals

Servicing of Legal entities

Area served

Africa
Mozambique, Congo (Democratic Republic), Comoros, Cabo Verde
Asia
Syria, Sri Lanka, Kazakhstan
Australia and Oceania
Papua New Guinea, New Zealand, Nauru, Australia
Europe
Latvia, Czech Republic
North America
Saint Kitts and Nevis, Honduras
South America
Guyana, Suriname, Peru

Pros & Cons

Pros

  • Multi-Currency Accounts. Ability to open and conveniently manage accounts in different currencies within a single dashboard

  • Cashback & Rewards. Loyalty program offering high cashback percentages or bonus miles on purchases

  • Crypto-Friendly Policy. Favorable stance on cryptocurrency transactions, with no account freezes for P2P transfers and exchange transactions

Cons

  • High Card Issuance/Delivery Fees. Expensive fees for physical card issuance or delivery (especially international)

  • No Remote Onboarding. Inability to open an account remotely, requiring mandatory personal presence at a bank branch

  • Hidden Fees & Commissions. Presence of non-obvious fees (for bank statements, account inactivity, SMS alerts, etc.)

  • Strict Crypto Restrictions. Strict policy regarding cryptocurrencies: account freezes for transactions related to crypto or P2P