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Kroo bank discussion

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  • Nasqueron
    Nasqueron Posts: 10,705 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Do you not think that perhaps you have some responsibility here since you failed to adequately secure your email account?  
    Yes I thought that much from the rant - the bank is perfectly secure, OP's email account or computer/phone clearly isn't. The fact the thief had to jump through all the security checks proves the former, that they could do this easily proves the latter

    Sam Vimes' Boots Theory of Socioeconomic Unfairness: 

    People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.

  • Other than a slightly higher interest rate, nothing really to attract over Monzo or Starling. I’m guessing they’ll last a few years and probably end up phasing out after a while unless they offer something special over the competition.
  • Nick_C
    Nick_C Posts: 7,604 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Home Insurance Hacker!
    4.35% interest is a brilliant rate for a free current account.
  • Nasqueron
    Nasqueron Posts: 10,705 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Other than a slightly higher interest rate, nothing really to attract over Monzo or Starling. I’m guessing they’ll last a few years and probably end up phasing out after a while unless they offer something special over the competition.
    It's a current account that gives you .9% (?) below base rate on your cash up to £50k or so, even just for day to day transactions it's giving you interest every month, I use it as a dump for cash and move into the account when I have bills coming

    Sam Vimes' Boots Theory of Socioeconomic Unfairness: 

    People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.

  • AndyTh_2
    AndyTh_2 Posts: 331 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    edited 28 August 2024 at 6:41PM
    How is Kroo like for CSV statements now?

    I'm frustrated Chase has removed them, after I'd gotten used to the feature, and from January their boosted savings accounts (which I have standing orders on) the rate will be presumably lower than Kroo, so I'm considering that or just setting my standing orders up in my Club Lloyds account and accepting a few days 1.5% instead of ~4% interest
  • ryan92
    ryan92 Posts: 607 Forumite
    Part of the Furniture 100 Posts Name Dropper
    As far as I am aware statements only export in PDF format.
    Currently in a Protected Trust Deed - 23 payments until DEBT FREE - February 2027
  • It was easy to set up the account but when it comes to withdrawing funds its another matter.

    The cash has left the account but not reached destination.  When I got through on the phone after 30+ mins waiting with the annoying musak, was told nothing. Can't say why the 'restricted' and no time horizon when cash will be released. It's been over 4 days!! When I tried to call again, it wwnt unanswered for over 40 minutes.

    I'm searching online, is Kroo in some sort of financial difficulty?
  • Nasqueron
    Nasqueron Posts: 10,705 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    It's a security check I imagine, I moved money to a long term payee (myself!) just this morning

    The bank holding your transfer or indeed, the receiving bank having problems, is not a sign the bank is in financial difficulty

    Sam Vimes' Boots Theory of Socioeconomic Unfairness: 

    People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.

  • steven141
    steven141 Posts: 445 Forumite
    100 Posts Second Anniversary Name Dropper
    What’s everyone else’s experience with Kroo now? I have them but only use it as a spending/extra account but I like the simplicity of the app and pots. I’m thinking of possibly using it as more of a main account but worried about all of the stuff about money being withheld and transfers not going through. My main bank is Lloyds and I’ve never had any issues. 
  • Nasqueron
    Nasqueron Posts: 10,705 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    I used them for ages for storing cash, paid into main account, moved to Kroo until needed before the bill was due, never had any issues paying my own accounts but I didn't use anything else other than a pot briefly

    Sam Vimes' Boots Theory of Socioeconomic Unfairness: 

    People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.

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