Krak Introduces Accounts Instant Setup
Krak Introduces Accounts Instant Setup
Krak introduces accounts with instant setup, revolutionizing the UK market. Krak's new accounts offer a local account number and sort code.
Krak's UK Accounts Features
Krak's dedicated bank accounts for the UK market come with a local account number and sort code on the Faster Payments infrastructure and native SEPA support, integrated directly into the app. Opening takes minutes and is immediately compatible with employer payroll systems, HMRC and service providers.
Key Features
- Instant setup
- Local account number and sort code
- Native SEPA support
- Compatibility with employer payroll systems, HMRC and service providers
Salary Match Program
The central offering is the Salary Match program, which returns up to 1% of each salary credited to the account, capped at £250 per month and £3,000 per year. Unlike welcome bonuses with expiration dates, the reward is recurring and indefinite. In the case of a monthly salary of £5,000, the program generates £1,200 over two years simply by receiving a paycheck, with no additional conditions.
Program Benefits
The program offers up to 1% of each salary credited to the account, with no lock-up periods or restricted categories.
Krak's Ecosystem
The ecosystem is complemented by 2% cashback in GBP on every purchase made with the Krak card, with no restricted categories or annual fees, and by AutoEarn, which offers up to 4% rewards on tGBP balances with no lock-up periods. Combined, these three mechanisms allow a person with £2,000 in monthly spending and a £5,000 salary to accumulate up to £1,080 per year without changing their financial habits.
Key Takeaways
- Krak introduces accounts with instant setup for the UK market
- Salary Match program offers up to 1% of each salary credited to the account
- Krak's ecosystem includes 2% cashback and up to 4% rewards on tGBP balances
- Combined mechanisms can accumulate up to £1,080 per year without changing financial habits
Frequently Asked Questions
What is the Salary Match program?
The Salary Match program returns up to 1% of each salary credited to the account, capped at £250 per month and £3,000 per year.
How does the Krak card work?
The Krak card offers 2% cashback in GBP on every purchase made, with no restricted categories or annual fees.
