This is a genuine UK account on Faster Payments and SEPA, the same infrastructure that your employer’s payroll system, energy supplier and HMRC already recognize.
A proper UK account, not a workaround
If you’ve ever tried to get paid with an account outside the UK, you’ll know the problem. Some employers reject the mandate. Payroll systems report details.
Krak removes this friction. Your sort code and account number are placed on the Faster Payments rails and behave exactly like any other UK bank account. Employers and payroll systems recognize it instantly, no calls to HR, no rejection of automated payroll systems.
Send and receive money seamlessly
GBP transfers make payments faster, usually arriving within seconds. Sending money to a friend, paying a bill, receiving an independent payment, it all runs on the same local rail that any major bank uses.
Payments in EUR via SEPA are also managed natively. If you split your financial life between the UK and Europe, transfers are done directly without requiring you to go through a conversion step that you didn’t request.
Connected to the systems that matter
This is where most fintech apps go wrong. They give you a card and a balance, but that doesn’t connect to the real financial plumbing. This is a comprehensive checking account that fits into your existing financial setup.
Salary Match: Get paid up to £3,000 a year1
This is the feature that changes the economics of how you get paid. Most accounts don’t give you anything to deposit your paycheck into. Krak gives you up to 1% back every payday, automatically, indefinitely, with no promotional expiration date.
Mathematics:
- £3,000/month → £30 refunded
- £5,000/month → £50 refunded
- £9,000/month → £90 refunded
Up to £250 per month. Up to £3,000 per year.
This is not a sign-up bonus that disappears after 90 days. This is a recurring monthly reward for as long as your salary lands in Krak. Over two years, a monthly salary of £5,000 generates £1,200 in Salary Match alone, before you’ve spent a penny. And as the correspondence is credited at the beginning of each month of the following month, it naturally accumulates with your balance. The longer you stay, the more it accumulates.
How to qualify
There is no application or approval process. The steps:
- Open your Krak account: Check your account details in the app.
- Share your contact details: Send your sort code and account number to your employer, payroll provider, or clients.
- Qualify automatically: Any salary paid during the calendar month counts.
- Get matched monthly: Be credited at the start of the following month.
To find your IBAN: open the Krak application → tap Receive → press Bank
Up to 2% Cash Back on Every Purchase
The Krak card earns you 2% in GBP on everything you spend.2 3 No category ceiling, no rotation structures, no annual contribution. Combined with Salary Match, the numbers stack up quickly. With £2,000 monthly spending and a salary of £5,000, you earn £90 a month, or £1,080 a year, just by getting paid and spending normally.
AutoEarn: Up to 4% rewards on your tGBP balance
Krak AutoEarn lets you earn up to 4% rewards on your tGBP balance, right in the app.4 Rewards accumulate automatically, no lock-in, no separate savings pot to manage.
The full picture
- Dedicated UK sort code and account number for faster payments
- Instant GBP transfers via faster payments
- Support for direct debits and standing orders
- Native transfers in GBP and EUR
- Compatible with employer payroll, tax and accounting systems
- 1% salary match: up to £250/month, £3,000/year
- 2% cash back in GBP on every purchase
- Up to 4% AutoEarn on your tGBP balance
- FX without fees at Mastercard rate5
An account that connects to your financial life, earns when you get paid, earns when you spend, and earns while your balance sits there. Set it up once. Let it get worse.
1 Eligible UK customers only. Terms and conditions apply. Min. Cumulative transfer(s) of £2,500 (maximum 4 payments) from employer payroll; exclusions apply. Rewards credited monthly as determined by Krak; maximum £250/month. Promotional rate of 1% not guaranteed; applies until 01/05/26, then depends on average assets held at Krak, Kraken and Kraken Pro. Kraken may modify, suspend or terminate the promotion. Taxes may apply. Electronic money services are not protected by the financial services clearing system. The value of the reward may fluctuate if it is held or converted into other assets.
2 The Krak Card is issued by Monavate Limited, authorized by the Financial Conduct Authority to carry out electronic money activities and related payment services (FRN: 901097). Payward Services Limited is authorized by the Financial Conduct Authority to carry out electronic money activities and associated payment services under the Electronic Money Regulations 2011 (FRN: 1010381).
3 The rate depends on the average of assets held at Krak, Kraken and Kraken Pro. Geographic restrictions and General conditions apply. See Help Center for more information.
4 Geographic restrictions apply. Reward rates determined and paid by Kraken in its sole discretion, subject to change. See Terms of use for more information. Through its partnership with BCP Technologies Ltd., Kraken enjoys an economic advantage with respect to the amounts of tGBP held on the platform. Stablecoins may be subject to issuer or third-party risk, deindexing, and liquidity or redemption failure.
5 A variable spread applies when spending between assets. Third-party ATM fees may apply.
