Kroo review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.
Our verdict
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.
Key facts
- Best for
- UK residents who travel often and want a current account with no monthly fee.
- Monthly fee
- £0↗
- Deposit protection
- FSCS up to GBP 85,000↗
- Currency conversion fee
- 0%↗
- Local account details
- UK-sort-code↗
- Free ATM withdrawals
- £0↗
- Transfer fee
- Faster Payments GBP 0, CHAPS GBP 20; sending money outside the UK not available↗
- Legal entity
- Kroo Bank Ltd↗
- Headquarters
- United Kingdom↗
- Founded
- 2016↗
- Support channels
- Email, Chat, Phone, Help-centre↗
- Audience
- Travelers
- Pricing model
- No monthly fee, Low FX fees
- Features
- Free ATM withdrawals, Digital-only
- Official website
- kroo.com
Savings
- Headline rate
- 2.65%↗
- Rate type
- Variable↗
- Minimum deposit
- £0↗
- Access terms
- 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
- Easy access↗
Facts checked September 26, 2026, 5 sources
Apps and profiles
- Get the app
- App Store
- Elsewhere
- TrustpilotLinkedInfacebook.com
Pros and cons
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.
- Interest is calculated daily on the cleared balance and credited monthly, with no notice period and closure at any time.
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 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.
How Kroo compares
8.9 vs 8.7
8.9 vs 8.6
8.9 vs 8.0
8.9 vs 8.9
8.9 vs 9.1
8.9 vs 9.2
8.9 vs 8.7
8.9 vs 8.7
8.9 vs 8.7
8.9 vs 9.0
8.9 vs 8.7
8.9 vs 9.5
8.9 vs 9.4
8.9 vs 9.3
8.9 vs 9.2
8.9 vs 9.2
8.9 vs 9.2
8.9 vs 9.2
8.9 vs 9.2
8.9 vs 9.2
8.9 vs 9.1
8.9 vs 9.0
8.9 vs 9.0
8.9 vs 8.9
8.9 vs 8.9- 8.9 vs 8.9
8.9 vs 8.7
8.9 vs 8.5
8.9 vs 8.5
8.9 vs 8.5
8.9 vs 8.4
8.9 vs 8.3
8.9 vs 8.2
8.9 vs 8.1- 8.9 vs 8.1
8.9 vs 8.0
8.9 vs 8.0
8.9 vs 8.0
8.9 vs 9.1
Where Kroo is available
- Available
- Guernsey, Isle of Man, Jersey, United Kingdom
- Licence in United Kingdom
- Financial Conduct Authority (953772), checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
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.
How do I put money into the account?+
Money goes in by a UK sort code, uk sort code, so the account works like a standard current account for salary and direct debits. There is no minimum deposit to open or run it, at £0, and the account is operated in the app at any time.
Can I send money abroad from a Kroo account?+
The published transfer terms limit sending to the UK, where Faster Payments is free and CHAPS carries a charge. Card spending abroad is where 0% applies, and it is that conversion cost, not a separate transfer charge, that shapes the bill for travelers.
What interest does Kroo pay on the balance?+
The account pays a variable 2.65%, calculated daily on the cleared balance and credited monthly. Because the rate is variable it can move, and the terms set no notice period, so the account can be closed at any time.
How do I reach support?+
Support runs on email, chat and phone, so email, chat, phone and a help centre are the listed routes to the bank. The account is app based, listed under its features free atm and digital only, so there is no counter to visit.
Who is a Kroo account built for?+
Kroo is aimed at travelers, and the account is run in app by Kroo Bank Ltd, a UK entity. It suits people who hold sterling, travel often and want a current account with a £0 monthly fee and 0% conversion.
Sources
- help.kroo.com/hc/en-gb/articles/9265417897361-How-can-I-a... checked September 26, 2026
Backs: Local account details
“you can use your Kroo account details (sort code and account number) to make a transfer from another bank account”
- kroo.com checked September 26, 2026
Backs: Pricing model
“Simple banking, no monthly fees ... We use Visa's exchange rate and pass it directly to you, with no added markup”
- kroo.com/about-us checked September 26, 2026
Backs: Founded
“Founded in 2016, Kroo Bank was built on a simple belief”
- kroo.com/current-account checked September 26, 2026
Backs: Headline rate, Minimum deposit, Rate type
“Earn 2.65% AER (variable)* interest on your current account balance up to £500,000, with no monthly fees and no minimum deposit”
- kroo.com/current-account/fees checked September 26, 2026
Backs: Free ATM withdrawals, Features, Currency conversion fee, Monthly fee, Transfer fee
“Cash withdrawal in pounds in the UK GBP 0”
- kroo.com/documents/current-account-terms-and-conditions.html checked September 26, 2026
Backs: Access terms, Account kind, Deposit protection, Headquarters, Legal entity, Support channels, Licences
“Interest will be calculated daily by applying the relevant annual interest rate to the daily cleared balance... Any interest payable will be added to your account monthly.”
- kroo.com/spending-abroad checked September 26, 2026
Backs: Audience
“Fee-free spending abroad and no foreign transaction fees on card purchases”
Compiled from 7 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Licence type, Currencies.
Related by the facts
Kroo
UK residents who travel often and want a current account with no monthly fee.