Klar review

The monthly account fee is MXN 0, and the currency conversion fee is 0%. Bank transfers on Cuenta Klar cost 0 MXN for bank transfers (Cuenta Klar). Everyday costs are therefore limited to what you choose to pay for currency conversion or for transfers outside Cuenta Klar.

Klar pays a variable rate of 3% to 5% on a easy access account, so the figure can move rather than being locked for a term. Interest builds on the daily balance and is paid out weekly, which suits money that needs to stay reachable.

Transfers are instant, and bank transfers on Cuenta Klar cost 0 MXN for bank transfers (Cuenta Klar). Accrued interest is paid weekly, and the balance stays accessible at any time rather than being tied to a term. Cash deposits are taken at merchants listed in the app rather than at a branch counter.

The minimum deposit is MXN 100, which is above the median of €0.11 across the accounts listed here. Worth weighing that figure if you are opening with a small balance and want the money earning something from the start.

Klar operates in Mexico under the Comision Nacional Bancaria y de Valores, the regulator named for Mexico. The account is provided by Klar Technologies, S.A. de C.V., S.F.P.. Read the licence terms to see what is covered, since the money sits in a sight account rather than a term deposit.

Support runs on email, phone and chat, so help is offered by email, phone and chat as well as through the help centre. For a business account that keeps payments moving, having a phone channel matters as much as the app, and the help centre covers the routine questions.

Klar is listed for business customers, so the account is aimed at business use rather than personal saving. The app-first design, interest that builds daily and is paid weekly, and the option to deposit cash at listed merchants all fit a business current balance.