Kroo bank discussion

jasonwatkins

Deleted_User said:

Any more Kroo CC users? I've recently opened an account for the balance interest and fee free overseas spending. Has anyone set up DD's on their account and or received their salary into the account? 

I've gone all-in with them as it stands.  I've changed my PIP and Universal Credit payments to use Kroo for starters, but I tend to prefer a second account for payments, DD's and such so that's why I use Revolut.

Their Vaults are a good substitute for Kroo's lack of a "pots" feature as well.

Band7

jasonwatkins said:

Deleted_User said:

Any more Kroo CC users? I've recently opened an account for the balance interest and fee free overseas spending. Has anyone set up DD's on their account and or received their salary into the account? 

I've gone all-in with them as it stands.  I've changed my PIP and Universal Credit payments to use Kroo for starters, but I tend to prefer a second account for payments, DD's and such so that's why I use Revolut.

Their Vaults are a good substitute for Kroo's lack of a "pots" feature as well.

Revolut are not a bank in the UK, so have no FSCS protection. If they fold, your money could be gone. There are much safer "potties" - Starling, Monzo, Chase, even TSB

jasonwatkins

Band7 said:

jasonwatkins said:

Deleted_User said:

Any more Kroo CC users? I've recently opened an account for the balance interest and fee free overseas spending. Has anyone set up DD's on their account and or received their salary into the account? 

I've gone all-in with them as it stands.  I've changed my PIP and Universal Credit payments to use Kroo for starters, but I tend to prefer a second account for payments, DD's and such so that's why I use Revolut.

Their Vaults are a good substitute for Kroo's lack of a "pots" feature as well.

Revolut are not a bank in the UK, so have no FSCS protection. If they fold, your money could be gone. There are much safer "potties" - Starling, Monzo, Chase, even TSB

Yes I'm fully aware of the status of Revolut thankyou.    Monzo aren't an option for me, but I have Starling and Chase if I feel I need to make a change.

ryan92

I'm also using them too.
I had 1 transaction in flagged for review the other day but was resolved in 30 mins or so.
Like many others, I can't wait for when they offer a 'pots' set up as it would be great to split the balance up etc.

[Deleted User]

Do Kroo offer the ‘Get paid early’ like Monzo do? And setting up DD, have either of you found certain companies don’t yet recognise Kroo?

ryan92

Deleted_User said:

Do Kroo offer the ‘Get paid early’ like Monzo do? And setting up DD, have either of you found certain companies don’t yet recognise Kroo?

They don't offer the 'Get Paid Early' feature yet and don't know if there is any plans to.
I have found the majority of DD's I have set up have worked okay with the odd one or 2 that seem to have acceptance issues. This isn't something exclusive to Kroo as I remember this issue with Monzo and Starling back in the early days.

[Deleted User]

ryan92 said:

Deleted_User said:

Do Kroo offer the ‘Get paid early’ like Monzo do? And setting up DD, have either of you found certain companies don’t yet recognise Kroo?

They don't offer the 'Get Paid Early' feature yet and don't know if there is any plans to.
I have found the majority of DD's I have set up have not worked with the odd one or 2 that seem to have acceptance issues. This isn't something exclusive to Kroo as I remember this issue with Monzo and Starling back in the early days.

Do you mean have worked? Yeah that’s the reason for me asking, my Monzo account has some issues setting up DD’s for a while until companies started seeing it as a proper bank.

ryan92

Whoops yeah, the majority have worked but a few haven't been recognised.
That would be more to do with the retailer not having updated systems though I believe.

jasonwatkins

Typical.  I go all in with Kroo and Starling roll out virtual cards a few days later ..

[Deleted User]

jasonwatkins said:

Typical.  I go all in with Kroo and Starling roll out virtual cards a few days later ..

They’re still a very new fully functioning bank though, so this may very well be a feature they offer in the future. 

I leaning towards going all in with them, but can’t really find too much information from people that have…