Krak

Krak is Payward’s money app — the same group as Kraken. The US Visa launched 18 August 2026, issued by Lead Bank, Stripe in the stack. Account balances are not FDIC or SIPC. That sentence is on the launch note. Keytom is the comparable crypto-IBAN object. This is a card. Keep cash at Ally or SoFi.

Payward Interactive / Payward, Inc. Directories file Krak next to banks because the icon is a card. Lead Bank is the only bank in the sentence.

Krak lists Fintech. Payward. US card issued by Lead Bank. Not a bank under US partner bank / state MTL stack in United States. On safeguarding we currently write: Not FDIC or SIPC on Krak balances. Payward’s own US card copy (Aug 2026): the Everyday balance is not a deposit account. Lead Bank issues the Visa.. Holder / issuer line: Lead Bank (US card) — Krak / Payward is not the bank. An AML programme is claimed. There is no IBAN-class local rail on the flags we store. We list 1 live markets on the product. As we score the sticker: monthly Card SKU — confirm live; FX Crypto ⇌ spend conversion is the product; ATM Card schedule. This desk would open it for: Kraken users who want a spend card and already keep dollars at an FDIC bank.

What it does well: Named Lead Bank as US issuer (Aug 2026); Honest: not FDIC; Visa rail. What to watch: Not a bank; Everyday balance is not a deposit; State exclusions. Desk score 6.4 / 10 (safety 4.0, fees 7.0, features 7.6, app 7.8). Last verified 2026-08-30. Headquartered in San Francisco, United States; founded 2024. None of this is advice — it is a file so you can read the entity before the card colour.