Kroo Bank Ltd
United Kingdom
(AA)
(AA)Deposit amount: Min. £1,000 – Max. £85,000
Protection limit: Up to £85,000 payout in GBP
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Bank Details
Kroo is a bank with a conscience. A bank built to change banking. For good. Forever. Founded in 2016, we secured our full banking licence in 2022 and have gone on to launch our FSCS-protected current account.
Kroo has been awarded the Best Newcomer 2021 Award by the British Bank Awards, as well as the Banking Innovation Newcomer Award 2021 by the Finder Awards.
Kroo believes it can transform banking for good, changing perceptions about what a bank can and should be – one that actually cares for its customers as well as the planet we share.
It’s all part of our mission to be a bank that is truly trusted and loved by our customers.
Security & Deposit Protection
The FSCS is the United Kingdom's statutory deposit guarantee scheme that covers deposits in individual savings accounts up to £85,000, per banking group regulated by the Financial Conduct Authority or the Prudential Regulation Authority. It is available for deposits with most UK high-street and online banks and means if the bank fails, and deposits become unavailable, the scheme may cover your deposit account deposit up to the £85,000 per person, per banking group limit. Compensation limits are per person per firm, not per deposit. Be aware that if you have other deposits with this bank (or banking group) then the £85,000 protection applies only to eligible deposits up to this limit.
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