This is the gap Krak was built for.
Meet Krak, Kraken’s money app
Krak is your everyday money account, powered by Kraken. Same connection. Activates in minutes. Designed to get paid, spend and earn, all in one place.
Think of it as the missing piece between your crypto life and your everyday financial life. Your Kraken balance can be transferred to Krak with one click, and from there, your money doesn’t just sit there, it works for you.
Your bank doesn’t do any of this.
Introducing Salary Match: A 1% raise, just to get paid
Here is the new part. When your salary arrives in your Krak account, we automatically pay you up to 1% each month. No forms. No applications. Simply redirect your salary and Krak does the rest.
The calculations speak for themselves:
| Monthly salary | You come back (until) |
| £/€2,500 | £/€25 |
| £/€5,000 | £/€50 |
| £/€10,000 | £/€100 |
Up to £/€250 per month. Up to £/€3,000 per year.
Who is eligible for the Salary Match?
Salary Match is now live in the United Kingdom, Germany and Luxembourgwith more EU countries added in the coming weeks, and the Americas are not far behind.
To qualify, you will need a verified Krak account in good standing and a salary of at least £/€2,500 per month paid in local currency from a single employer.
Get started in three steps
1. Activate Krak — Download the Krak app and log in with your existing Kraken credentials. Your account is ready in minutes.
2. Share your account details with your employer — In the app: tap + on the home screen → select Receive. Your account details; The IBAN for Germany and Luxembourg, sort code and account number for the United Kingdom can be found here.
3. Get matched every month — Each eligible salary transfer made during the calendar month counts towards your match. Your reward is credited on the 1st of the following month.
Set it up once. Earn every month.
Why we built this
Most people spend their careers working for money. We believe that money should reciprocate.
Kraken was founded on the idea that the financial system should be open, fair and accessible to everyone. Krak is this belief applied to everyday money, not just crypto, not just trading, but to your salary, your spending and your savings, all winners, all the time.
Salary Match is the most direct expression of this to date. There is no algorithm that decides whether you qualify. No opaque reward programs. Simply get paid on Krak and we’ll pay you back. Every month. Automatically.
An account. Multiple sources of income.
Salary adequacy is just one part of a bigger picture. When Krak is your primary account, every part of your financial life pays off:
Your salary earn up to 1% back every month through Salary Match.¹
Your expenses earn up to 1% cash back every time you use your Krak card.²
Your balance Automatically earn up to 3.6% APY in the UK via AutoEarn³, or up to 8% APY on eligible Krak Vaults investments in the EEA.4
Your bank doesn’t do any of this.
FAQs
What constitutes qualifying wages? A payroll transfer of at least £/€2,500/month from a single employer. Up to four salary transfers per month are eligible, capped at £/€25,000.
What doesn’t count? P2P transfers, self-funded transfers, Kraken to Krak transfers, on-chain transfers and off-payroll payments.
Is this a draw? No. Every eligible customer wins. No luck involved.
I’m not in the UK, Germany or Luxembourg. When can I register? Other EU countries will roll it out in the coming weeks. The Americas come next. Stay tuned.
Ready to activate?
If you’re already on Kraken, you’re just one step away. Download the Krak app, log in with your Kraken credentials and route your salary to Krak.
UNITED KINGDOM:
1 Krak Salary Match (UK): Geographic restrictions and terms and conditions apply. Minimum cumulative transfers of £2,500 apply in up to 4 payments. The Krak Salary Match Incentive is only open to eligible UK Krak customers. Rewards only apply to eligible GBP salary transfers (employer payroll); exclusions apply. Rewards are credited monthly; maximum £250/month. The 1% promotional rate is not guaranteed and applies until May 1, 2026. After this date, the rate will depend on the average assets you hold at Krak, Kraken and Kraken Pro. Kraken may modify, suspend or terminate the promotion. Taxes may apply; no advice. Electronic money services are not subject to the protection of the financial services clearing system. If you hold or convert rewards into other assets (if applicable), the value may fluctuate.
² Krak Card: In the United Kingdom, Krak Card is issued by Monavate Limited, authorized by the Financial Conduct Authority to carry out electronic money business 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). Cryptoasset exchange and custody services are offered by Payward Ltd, registered as a cryptoasset company with the Financial Conduct Authority (FRN: 928768).
3 AutoEarn (UK only): Geographic restrictions apply. Reward rates determined and paid by Kraken in its sole discretion, subject to change. See Terms of Use for more details.
Only invest if you are prepared to lose all the money you invest. This is a high risk investment and you should not expect to be protected if something goes wrong.
Geographic restrictions apply. Instant buy/sell fees apply when you convert one asset or currency to another before making a transfer. Please see our price list for more information. Applicable fees will be indicated before you make a transfer.
The promotional 1% cash back rate applies until March 31, 2026. After this date, the cash back rate will depend on the average assets you hold at Krak, Kraken and Kraken Pro. ATM withdrawals not included. A minimum transaction amount of £/€0.50 applies. Geographic restrictions apply. For more details, see Help Center Article. Using cryptocurrency for purchases may be a taxable event; consult a tax advisor. United Kingdom: Issued by Monavate (FRN 901097), authorized by the FCA. EU: issued by UAB Monavate, authorized by the Bank of Lithuania (LB002139). Mastercard® is a registered trademark of Mastercard International Incorporated.
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).
EEE:
1 Krak Salary Match (EEA): Geographic restrictions and terms and conditions apply. Minimum cumulative transfers of €2,500 apply in a maximum of 4 payments. The Krak Salary Match Incentive is only open to eligible Krak customers in Luxembourg or Germany. Rewards only apply to eligible EUR salary transfers (employer payroll); exclusions apply. Rewards are credited monthly; maximum €250/month. The 1% promotional rate is not guaranteed and applies until May 1, 2026. After this date, the rate will depend on the average assets you hold at Krak, Kraken and Kraken Pro. Kraken may modify, suspend or terminate the promotion. Taxes may apply; no advice. The e-money wallet is not a bank account and is not covered by any deposit guarantee scheme. If you hold or convert rewards into other assets (if applicable), the value may fluctuate.
2 Krak Card: In the EEA, 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.
4 Krak Vaults (EEA only): APY from January 21, 2026, subject to change. Safes are not a regulated financial product. Rewards are variable and not guaranteed; you may lose some or all of your assets. Interacting with on-chain smart contracts involves risks that are more detailed in the Terms of Service, including technological risk (bugs, exploits and Oracle/MEV/bridge failures), market risk (price volatility, unpegging and liquidation where applicable) and operational risk (irreversible transactions, gas fees, network congestion). Kraken does not control third-party protocols. Offered by Payward Wallet, LLC. Fees apply. Availability varies by jurisdiction.
Geographic restrictions apply. Instant buy/sell fees apply when you convert one asset or currency to another before making a transfer. Please see our price list for more information. Applicable fees will be indicated before you make a transfer.
The promotional 1% cash back rate applies until March 31, 2026. After this date, the cash back rate will depend on the average assets you hold at Krak, Kraken and Kraken Pro. ATM withdrawals not included. A minimum transaction amount of £/€0.50 applies. Geographic restrictions apply. For more details, see Help Center Article. Using cryptocurrency for purchases may be a taxable event; consult a tax advisor. United Kingdom: Issued by Monavate (FRN 901097), authorized by the FCA. EU: issued by UAB Monavate, authorized by the Bank of Lithuania (LB002139). Mastercard® is a registered trademark of Mastercard International Incorporated.
Electronic money services are provided by Payward Ireland Limited, trading as Kraken, which is regulated by the Central Bank of Ireland.
