Introducing the new Krak card with up to 1% cash back,1 Krak Chests2 with up to 10%+ APY3 and global transfers in a single account so you can spend, send and grow your assets without limits.
For decades, traditional banks have set the rules for how we spend, save and earn. But these rules were written for another time – before global, digital, always-on lives. The modern world needs something faster, smarter and more flexible.
That’s why we’re reinventing what a master account can be. With Krak, your financial life resides in one place, designed to grow with you, across borders, currencies and time zones.
Starting today, Krak users in the UK and EU can unlock the next generation of personal finance: a complete account experience built around three simple ideas: Spend, send and grow.
💳 SPEND: A card that reimburses up to 1%
Meet the new Krak debit carda card that reimburses you up to 1%¹ every time you spend.
Spend anywhere Mastercard is accepted – from your local cafe to a Lisbon beach – and earn up to 1% cash back¹ on every purchase, in your local currency or in Bitcoin. No caps, no hoops. Just real rewards for spending the assets you actually want to hold.
You can spend more 400 different fiat and crypto assets using your Krak card. Buy dinner in Paris by paying with all assets in your balance in different currencies, cash and crypto – Krak handles the conversion instantly at checkout, with no transaction fees. You even earn up to 1% off1 in EUR or Bitcoin for this meal.
Choose a sleek physical card for your wallet or a virtual card that resides in your mobile wallet. Each option gives you full control: choose which assets to spend, which to save, and track everything in real time.
And yes — no ATM withdrawal fees,4 all over the world.
Krak doesn’t just help you spend differently; it helps you live differently — a life where your assets are spent freely, globally and instantly.
🌐 SEND: Move assets freely
Sending cash and crypto shouldn’t feel like a relic from the 1990s.
With Krak you can send funds to anyone, anywhere. Whether it’s splitting the dinner bill with a friend, paying a freelancer across borders, or making a transfer between your own bank accounts.
You will be able to transfer money, stablecoins or cryptos with just one click, instantly with any other Krak client, without waiting days for settlement or worrying about high exchange rates.
And with salary deposits soon you will be able to get paid directly to Krakcompletely avoiding intermediaries. No delays, no extra transfers… just instant access to your salary, ready to spend, send or increase as soon as it arrives.
Your Krak account becomes your hub for daily life: money coming in and going out, all in one place.
💰 GROWTH: Let your assets work while you rest
Future. Earn up to 10%+APY3 with strategies designed for all types of investors; from steady growth to advanced high-yielding opportunities, all powered by decentralized financial protocols.
Krak changes that with Krak Chests2 — the simplest way to put your assets to use; automatically, continuously.
No minimum, no blocking.5 Market-leading returns, paid continuously as your vault accumulates 24 hours a day.
You can choose from flexible, risk-adjusted safes that match your comfort level:
- Balanced return | Up to 5.5% APY – For users who want consistent growth with less risk.
- Boosted yield | Up to 9.5% APY — For users comfortable with moderate risk and looking for higher returns.
- Advanced Strategies | Up to 10%+ APY — For experienced users ready to manage key risks by applying leverage to achieve the highest returns.
Launching soon.
The connected account experience
Spend. Send. To grow.
Each feature is powerful on its own, but together they create something bigger: a connected account experience where your assets finally work like you.
With Krak, your financial life is not scattered between banks, cards, apps and wallets. It’s unified – in a borderless, digital ecosystem built entirely around your choices.
Whether you pay, send across continents or earn while you sleep, Krak is your new main account for everything.
The future of money is not coming – it is already here. And it starts with Krak.
¹ ATM withdrawals not included, £/€0.50 minutes. transaction amount for cashback. Your cashback rate depends on the average assets you hold at Krak, Kraken and Kraken Pro. Geographic restrictions apply. Check this help center article for more information.
2 Geographic restrictions apply
3 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.
4 A variable spread will apply when spending between assets. Third-party ATM fees may apply.
5 The timing of withdrawal depends on the selected policy and network conditions.
Using cryptocurrency for purchases may be a taxable event. When you spend crypto, it is converted to fiat currency, which can create capital gains or losses depending on how its value changes. Consult a tax advisor to understand your personal situation. Learn more.
Receiving cashback is generally not considered a taxable event. Consult a tax advisor to understand your personal situation. Learn more.
The Krak Card is issued by Monavate (company number: 12472532), authorized in the UK by the Financial Conduct Authority to issue electronic money (e-money) and provide payment services (company reference number 901097).
In the EEA; the card is issued by Monavate UAB (company No. 305628001, authorized in Lithuania by the Bank of Lithuania to issue electronic money (e-money) and provide payment services (license number 92).
Mastercard® is a registered trademark of Mastercard International Incorporated. The card is issued by Monavate under license from Mastercard International Inc.
