Kroo

Kroo Bank Ltd is a UK bank. PRA and FCA, FRN 953772, 20 Farringdon Street. FSCS up to £120,000. The old Kroo prepaid was e-money. That product is not this product. Starling and Monzo remain the salary default on this desk. Kroo is a real bank with a smaller toolkit. Do not demote it to a wallet because the app is pretty.

Social-bank pitch, 2016, licence with restrictions 2021, full bank SKU later. Directories still describe a prepaid. Read the PRA list. Atom is the savings specialist. Kroo is trying to be a current account.

Kroo lists UK bank — Kroo Bank Ltd, FRN 953772, company 10359002 under PRA / FCA in United Kingdom. On safeguarding we currently write: FSCS up to £120,000 per depositor per authorised firm (scheme cap from 1 Dec 2025). Holder / issuer line: Kroo Bank Ltd. An AML programme is claimed. Local bank details (IBAN / sort code / equivalent) are part of the pitch. We list 1 live markets on the product. As we score the sticker: monthly £0 core current — confirm live; FX Not a travel champion — confirm live tariff; ATM UK network / fair-use; interest Interest on current / savings SKUs — rates move. This desk would open it for: UK residents who want a PRA bank with FSCS and can live without Starling’s SME toolkit.

What it does well: Named PRA/FCA bank; FSCS £120k; FRN on the terms page. What to watch: Smaller than Monzo/Starling; UK-resident; Prepaid history is dead — do not score the old e-money card. Desk score 7.1 / 10 (safety 8.6, fees 7.8, features 6.8, app 8.0). Last verified 2026-08-30. Headquartered in London, United Kingdom; founded 2016. None of this is advice — it is a file so you can read the entity before the card colour.