Updated October 13, 2026 · VaultCue Editorial Team
Chime vs Kroo
Chime
Kroo
Higher score in this comparison
Chime vs Kroo: the differences
| Compare | ChimeReviewSee alternativesSee alternatives | KrooReviewSee alternativesSee alternatives |
|---|---|---|
| Deposit protection | FDIC up to USD 250,000 | FSCS up to GBP 85,000 |
| Monthly fee | $0 | £0 |
| Headline rate | Not confirmed | 2.65% |
| Rate type | Not confirmed | Variable |
| Minimum deposit | Not confirmed | £0 |
| Access terms | Not confirmed | Interest calculated daily on the cleared balance and credited monthly; account operated in-app 24/7, no notice period, close at any time |
| Account kind | Not confirmed | Easy access |
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Key differences
- Founded is lower at Chime: 2012 vs 2016.
- Support channels: only Chime offers Community.
- Support channels: only Kroo offers Email, Chat.
- Pricing model: only Kroo offers Low FX.
Our verdict on each
Chime
Chime differs from branch based savings because access happens through connected tools for everyday control. Chime is a savings option that suits people who prefer managing balances through digital access with clear organisation alongside everyday money needs and simple transfer visibility.
Kroo
Kroo is a UK digital current account for people who spend and send money abroad, with a monthly fee of £0 and currency conversion at 0%. Interest lands on the cleared balance at a variable 2.65%, credited monthly, so the account pays you while the money waits.
Score breakdown
| Area | Chime | Kroo |
|---|---|---|
| Cost | 9.1 | 9.4HigherMonthly fee £0, cash machine allowance £0 and conversion 0%, ranked 1 on the cost list. |
| Offer | 9.1 | 9.1 |
| Trust | 8.7Higher | 8.4 |
How they place
| Ranking | Chime | Kroo |
|---|---|---|
| Savings accounts | 781 of 1420 | 410 of 1420 |
| Online banks | 234 of 402 | 125 of 402 |
Every fact side by side
| Fact | Chime | Kroo |
|---|---|---|
| Pricing model | No monthly fee | No monthly fee, Low FXCovers more |
| Legal entity | Chime Financial, Inc. | Kroo Bank Ltd |
| Headquarters | United States | United Kingdom |
| Founded | 2012Lower | 2016 |
| Support channels | Phone, Help centre, Community | Email, Chat, Phone, Help centre |
Everyday accounts
| Fact | Chime | Kroo |
|---|---|---|
| Currency conversion fee | Not confirmed | 0% |
| Audience | Not confirmed | Travelers |
| Features | Digital only | Free ATM, Digital onlyCovers more |
| Local account details | Us ACH | UK sort code |
| Free ATM withdrawals | Not confirmed | £0 |
| Transfer fee | Not confirmed | Faster Payments GBP 0, CHAPS GBP 20; sending money outside the UK not available |
Where each stands against the rest
| Fact | Chime | Kroo | Median |
|---|---|---|---|
| Headline rate | Not confirmed | 2.65%below the median | 3.25% |
| Minimum deposit | Not confirmed | £0below the median | £1 |
Median across 658 listed accounts.
Pros and cons
Chime
Pros
- Provides savings that customers manage through digital channels for everyday organisation
- Supports ACH transfers that sit beside savings for everyday money movement
- Keeps balances and transfers visible together in one digital place
Kroo
Pros
- A monthly fee of £0 and a cash machine allowance of £0 on the current account.
- Currency conversion of 0%, with the account aimed at travelers.
- FSCS up to GBP 85,000, with the Financial Conduct Authority as regulator under licence 953772.
Cons
- Digital only banking, with support running on email, chat and phone.
- Transfers are split by scheme, with Faster Payments free and CHAPS carrying a charge on the current account.
- The variable 2.65% is easy access money rather than a savings return, sitting under the 3% site median.
Who each suits
Chime
Who it suits
- People who prefer handling savings with connected tools
- Customers who value simple transfers beside savings
Kroo
Who it suits
- People who travel often and spend in other currencies, since the account is aimed at travelers and conversion runs at 0%.
- UK residents happy to run everything in the app, with support on email, chat and phone and a minimum deposit of £0.
- Anyone keeping a sterling balance as a rainy day fund, with FSCS up to GBP 85,000 and interest credited monthly.
Who should look elsewhere
- Anyone who needs to send money outside the UK from their account, since those transfers are not available; a euro option such as Bit2Me, monthly fee €0, is worth weighing.
- People who want a card led everyday account instead of an app based one, weighing Kroo against the Varo Visa Debit Card, monthly fee $0.
Country by country
| Country | Chime | Kroo |
|---|---|---|
| Guernsey | No | Yes |
| Isle of Man | No | Yes |
| Jersey | No | Yes |
| United Kingdom | No | Yes |
Questions about each
Chime
What does Chime offer for savers?+
Chime offers savings that customers organise through digital access. Balances stay visible alongside transfer options for everyday planning. Customers review how savings fit daily needs before choosing this careful approach.
How does moving money work with Chime?+
Chime supports ACH transfers alongside savings for straightforward organisation. Customers arrange transfers through digital routes and track balances in the same place. Customers review transfer needs and savings habits before choosing this setup.
Kroo
What does Kroo charge to hold the account?+
Kroo's current account charges a monthly fee of £0, with a cash machine allowance of £0 and currency conversion of 0%. Those are the fees published for the account, and the balance earns a variable 2.65% credited monthly.
Is money in a Kroo account protected?+
Deposits are covered by FSCS up to GBP 85,000, and the account is held at Kroo Bank Ltd, based in the United Kingdom, with the Financial Conduct Authority as regulator under licence 953772. Help runs on email, chat and phone.
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Chime
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