Kroo Review
Comprehensive review and analysis of Kroo's digital banking services
Quick Facts
- Founded
- 2016
- Head Office
- United Kingdom
- Active Customers
- 300,000+
- Total Funding
- £80 million
- Employees
- 150+
- App Store Rating
- 4.5/5
Pros & Cons
Pros
- Social banking features
- Environmental focus
- No monthly fees
- Bill splitting
- Group payments
- Tree planting initiative
Cons
- Limited premium features
- No joint accounts
- UK-only availability
- New to market
Supported Countries
- United Kingdom
Fees
- Account Maintenance Free
- Card Issuance Free
- ATM Withdrawals Free up to £200/month
- Foreign Transactions Free up to £500/month
- Bank Transfers Free
Overview
Kroo has innovated social banking since 2016, combining traditional banking services with social features and environmental responsibility. Their platform focuses on making banking more collaborative while maintaining a strong commitment to sustainability.
Key Features
Banking Services
- Current account
- Debit card
- Mobile payments
- Direct debits
- Standing orders
- International payments
Social Features
- Bill splitting
- Group payments
- Shared expenses
- Payment requests
- Social tracking
- Group savings
Environmental Impact
- Tree planting
- Carbon tracking
- Eco-friendly cards
- Green initiatives
- Impact reporting
- Sustainability goals
Money Management
- Spending insights
- Budget tools
- Savings goals
- Transaction categories
- Payment scheduling
- Financial planning
Security Features
- Biometric authentication
- Transaction monitoring
- Card freezing
- Fraud detection
- PIN protection
- Device management
Customer Support
- In-app chat
- Email support
- Phone assistance
- Help center
- Community support
- Social media
Verdict
Kroo stands out for its innovative approach to social banking and environmental responsibility. Their combination of collaborative financial tools and sustainability initiatives makes them particularly attractive for environmentally conscious users who frequently share expenses with friends or family.
While they’re relatively new to the market with some features still in development, their free account offers solid functionality for most users. The main limitations are the UK-only availability and lack of joint accounts, but for users seeking a socially-conscious bank with strong group payment features, Kroo offers an excellent modern banking experience.