Introducing the brand new Krak Card with as much as 1% cashback,1 Krak Vaults2 with as much as 10%+ APY3 and international transfers underneath one account so that you can spend, ship and develop your belongings with out limits.
For many years, conventional banks have set the principles for the way we spend, save and earn. However these guidelines had been written for an additional period — earlier than international, digital, always-on lives. The fashionable world wants one thing sooner, smarter and extra versatile.
That’s why we’re reimagining what a main account may be. With Krak, your monetary life lives in a single place — designed to maneuver with you, throughout borders, currencies and time zones.
Beginning at the moment, Krak customers within the UK and EU can unlock the following era of private finance: a whole account expertise constructed round three easy concepts — Spend, Ship, and Develop.
💳 SPEND: A card that pays as much as 1% again
Meet the brand new Krak Debit Card, a card that pays you again as much as 1%¹ each time you spend.
Spend wherever Mastercard is accepted — out of your native café to a seashore in Lisbon — and earn as much as 1% cashback¹ on each buy, in your native forex or in Bitcoin. No caps, no hoops. Simply real rewards for spending the belongings you truly need to maintain.
You may spend over 400 completely different fiat and crypto belongings utilizing your Krak card. Purchase a dinner in Paris paying with any belongings out of your steadiness throughout completely different currencies each money and crypto — Krak handles the conversion immediately at checkout, with no transaction charges. You even earn as much as 1% again1 in EUR or Bitcoin for that meal.
Select a modern bodily card to your pockets or a digital one which lives in your cellular pockets. Each choice offers you full management: decide which belongings to spend, which to avoid wasting and observe the whole lot in actual time.
And sure — no ATM withdrawal charges,4 wherever on the earth.
Krak isn’t simply serving to you spend in another way; it’s serving to you reside in another way — a life the place your belongings are spent freely, globally, and immediately.
🌐 SEND: Transfer belongings freely
Sending money and crypto shouldn’t really feel like a relic from the Nineteen Nineties.
With Krak you possibly can ship funds to anybody, wherever. Whether or not that’s splitting a dinner invoice with a pal, paying a freelancer throughout borders or transferring between your personal financial institution accounts.
You’ll have the ability to switch money, stablecoins or crypto with a single faucet — immediately with every other Krak clients with out ready days for settlement or worrying about excessive alternate charges.
And with wage deposits coming quickly, you will get paid straight into Krak, skipping the middlemen solely. No delays, no further transfers… simply immediate entry to your paycheck, able to spend, ship or develop from the second it lands.
Your Krak account turns into your hub for on a regular basis life: cash in, cash out, multi functional place.
💰 GROW: Let your belongings work whilst you relaxation
Coming quickly. Earn as much as 10%+ APY3 with methods constructed for each sort of investor; from regular development to superior, high-yield alternatives, all powered by decentralised finance protocols.
Krak adjustments that with Krak Vaults2 — the only technique to put your belongings to work; mechanically, constantly.
No minimums, no lockups.5 Simply market-leading returns paid constantly as your vault compounds across the clock.
You may select from versatile, risk-adjusted Vaults that match your consolation degree:
- Balanced Yield | As much as 5.5% APY — For customers who need regular development with decrease danger.
- Boosted Yield | As much as 9.5% APY — For customers snug with average danger and looking for larger returns.
- Superior Methods | As much as 10%+ APY — For knowledgeable customers able to handle core dangers making use of leverage for highest returns.
Launching quickly.
The linked account expertise
Spend. Ship. Develop.
Every characteristic is highly effective by itself, however collectively they create one thing larger — a linked account expertise the place your belongings lastly work the way in which you do.
With Krak, your monetary life isn’t scattered throughout banks, playing cards, apps and wallets. It’s unified — in a single ecosystem that’s borderless, digital and constructed solely round your decisions.
Whether or not you’re tapping to pay, sending throughout continents, or incomes whilst you sleep, Krak is your new main account for the whole lot.
The way forward for cash isn’t coming — it’s already right here. And it begins with Krak.
¹ ATM withdrawals not included, £/€0.50 min. transaction quantity for cashback. Your cashback charge is determined by the common belongings you maintain with Krak, Kraken and Kraken Professional. Geo restrictions apply. Examine this Help Middle Article for extra data.
2 Geo restrictions apply
3 Rewards are variable and never assured; you possibly can lose some or all your belongings. Interacting with on-chain sensible contracts entails dangers that are additional detailed within the phrases of service, together with technological danger (bugs, exploits, and oracle/MEV/bridge failures), market danger (worth volatility, de-pegs, and liquidation the place related), and operational danger (irreversible transactions, fuel charges, community congestion). Kraken doesn’t management third-party protocols. Provided by Payward Pockets, LLC. Charges apply. Availability varies by jurisdiction.
4 A variable unfold will apply when spending throughout belongings. Third-party ATM charges could apply.
5 Withdrawal timing is determined by chosen technique and community circumstances.
Utilizing cryptocurrency for purchases could also be a taxable occasion. Whenever you spend crypto, it’s transformed to fiat forex, which can create capital positive aspects or losses based mostly on its worth change. Seek the advice of a tax advisor to grasp your particular person circumstances. Be taught extra.
Receiving cashback is mostly not thought-about a taxable occasion. Seek the advice of a tax advisor to grasp your particular person circumstances. Be taught extra.
Krak Card is issued by Monavate (Firm Quantity: 12472532) authorised within the UK by the Monetary Conduct Authority to concern digital cash (e-money) and supply cost providers (Agency Reference Quantity 901097).
Within the EEA; the Card is issued by Monavate UAB (Firm No. 305628001, authorised in Lithuania by the Financial institution of Lithuania to concern digital cash (e-money) and supply cost providers (license quantity 92).
Mastercard® is a registered trademark of Mastercard Worldwide Included. The cardboard is issued by Monavate pursuant to license by Mastercard Worldwide Inc.
