Krak now offers a dedicated virtual IBAN for our customers in Latvia, Greece, Croatia and Hungary, directly in the app. Open it in minutes, share it with your employer, and start getting paid with rewards from day one.
It’s a true virtual IBAN on local SEPA rails, the same infrastructure your landlord, employer and utility provider expect to see.
A virtual IBAN on your local rails
Your new virtual IBAN starts with DE, is on SEPA and behaves just like any other bank account. Get paid, transfer money or pay your rent, electricity, internet, insurance and subscriptions at home in Latvia, Greece, Croatia and Hungary.
Send and receive money seamlessly
EUR transfers land the same day via SEPA. No holding periods, no ambiguity “1 to 3 business days”. Sending money to a friend, paying a bill, receiving an independent payment, it all takes place on the same German railway used by Deutsche Bank and Sparkasse.
GBP is also managed natively. If you split your financial life between your home country and the UK, transfers are made directly without requiring you to go through a conversion step that you didn’t request.
Salary Match: up to €3,000 per year to get paid1
This is the functionality that changes the economic situation of your bank. 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.
Math:
- €3,000/month → €30 reimbursed
- €5,000/month → €50 reimbursed
- €9,000/month → €90 reimbursed
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, even before having spent anything. And as the correspondence is credited at the start 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 IBAN: Send it to your employer, payroll provider, or clients.
- Qualify automatically: Any salary paid during the calendar month counts.
- Get matched monthly: Be credited at the beginning 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 EUR or BTC 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 in monthly expenses and €5,000 in salary, you earn €90 per month, or €1,080 per year, just by getting paid and spending normally.
Vaults: Up to 8% APY on USDC
Krak Vaults lets you earn up to 8% APY, right in the app.4 Rewards accumulate continuously, withdrawals are fast, with no minimum balance.
The full picture
- Dedicated German IBAN on SEPA rails
- Same day SEPA transfers, sending and receiving
- Native transfers in EUR and GBP
- Compatible with employer payroll, tax and accounting systems
- 1% salary matching contribution: up to €250/month, €3,000/year
- 2% cashback in EUR or BTC on every purchase
- Vaults earning up to 8% APY on USDC with Kraken+
- 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.
1Eligible customers in Luxembourg, Germany, Latvia, Greece, Croatia and Hungary only. Terms and conditions apply. Min. cumulative transfer(s) of €2,500 (max 4 payments) of the employer’s 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 Kraken and Kraken Pro. Kraken may modify, suspend or terminate the promotion. Taxes may apply. The e-money wallet is not a bank account and is not covered by any deposit guarantee scheme. The value of the reward may fluctuate if it is held or converted into other assets.
2 No investment advice. Crypto trading involves risk of loss. The Krak card is issued by UAB Monavate, authorized by the Bank of Lithuania (authorization code: LBO02139). Payward Ireland Limited (PIL) and Payward Europe Solutions Limited (PESL), trading as Kraken, are regulated by the Central Bank of Ireland. Electronic money services are provided by PIL and spot trading services are provided by PESL.
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 The APY is variable and not guaranteed; there is a risk of loss. Chain interactions involve technological, market and operational risks (see Terms of Use). Kraken does not control third-party protocols. Vaults are an unregulated product and are provided by Payward Wallet, LLC. Fees apply. Geographic restrictions apply.
5 A variable spread applies when spending between assets. Third-party ATM fees may apply.
