Kroo Recommendation

Just a recommendation for an app called Kroo. It is a UK based business which is great for groups of people that need to split bills etc. I've used it a few times when on Stag dos for example. I have a fee-free foreign transactions on my card, so tend to pay most of the bills for food, and then my mates will use Kroo which calculates what everyone owes each other. It comes with a Physical card if needed, or you can just use it for budgeting purposes.

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  • jimjames
    jimjames Forumite Posts: 17,146
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    Splitwise does the same thing I believe
    Remember the saying: if it looks too good to be true it almost certainly is.
  • Daliah
    Daliah Forumite Posts: 3,792
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    With the difference that Kroo actually have a UK banking licence. Though I don't think their existing accounts are [yet] FSCS protected.
  • Brie
    Brie Forumite Posts: 7,369
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    sorry but what does this do that a calculator doesn't?
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  • Daliah
    Daliah Forumite Posts: 3,792
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    Brie said:
    sorry but what does this do that a calculator doesn't?
    It's substantially more than a calculator does. https://www.kroo.com/blog/why-we-decided-to-tackle-group-spending
  • masonic
    masonic Forumite Posts: 21,403
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    Daliah said:
    Brie said:
    sorry but what does this do that a calculator doesn't?
    It's substantially more than a calculator does. https://www.kroo.com/blog/why-we-decided-to-tackle-group-spending
    Looks interesting, but difficult to understand how it works from the images and description. It looks like everyone needs to have the app? Starling's solution, while not as sophisticated, is useful when people bank elsewhere.
  • joeturner
    joeturner Forumite Posts: 5
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    Looks interesting, but difficult to understand how it works from the images and description. It looks like everyone needs to have the app? Starling's solution, while not as sophisticated, is useful when people bank elsewhere.
    You're right, everyone needs the app, but you can choose whether to use it to just track spending, or to go all in and add funds allowing you to make use of the card.

    @Daliah - They're not FSCS protected, you're correct. They are apparently working on a current account, and at that point, they will be.
  • Daliah
    Daliah Forumite Posts: 3,792
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    joeturner said:

    @Daliah - They're not FSCS protected, you're correct. They are apparently working on a current account, and at that point, they will be.
    We shall see - -  the FSCS protection might extend to all their products, or it might just be for their current account.
  • mikewill34
    mikewill34 Forumite Posts: 152
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    Just signed up and it looks like their current account is now protected by FSCS
    Regards
    Mike Williams
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