It's a real UK account on Faster Payments and SEPA, the same infrastructure your employer's payroll system, your energy provider, and HMRC already recognise.
A proper UK account, not a workaround
If you've ever tried getting paid with a non-UK account, you know the problem. Some employers reject the mandate. Payroll systems flag the details.
Krak removes that friction. Your sort code and account number sit on Faster Payments rails, and behave exactly like any other UK bank account. Employers and payroll systems recognise it instantly, no calls to HR, no rejection from automated salary systems.
Send and receive money without the detour
GBP transfers move on Faster Payments, typically arriving in seconds. Send money to a friend, pay an invoice, receive a freelance payment, it all moves on the same local rail that any high street bank uses.
EUR payments via SEPA are handled natively too. If you're splitting your financial life between the UK and Europe, transfers move directly without forcing you through a conversion step you didn't ask for.
Connected to the systems that matter
This is the part most fintech apps get wrong. They give you a card and a balance, but it doesn't plug into the real financial plumbing. It's a full current account that slots into your existing financial setup.
Salary Match: up to £3,000 per year for getting paid 1
This is the feature that changes the economics of how you get paid. Most accounts give you nothing for depositing your salary. Krak gives you up to 1% back on every payday, automatically, indefinitely, with no promotional expiry date.
The maths:
- £3,000/month → £30 back
- £5,000/month → £50 back
- £9,000/month → £90 back
Up to £250 per month. Up to £3,000 per year.
That's not a sign-up bonus that disappears after 90 days. It's a recurring monthly reward for as long as your salary lands in Krak. Over two years, a £5,000 monthly salary generates £1,200 in Salary Match alone, before you've spent a penny. And because the match is credited each start of the month of the following month, it compounds naturally with your balance. The longer you stay, the more it adds up.
How to qualify
There's no application and no approval process. The steps:
- Open your Krak account: Check your account details in the app.
- Share your 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: Get credited at the beginning of the next month.
To find your IBAN: open the Krak app → tap Receive → tap Bank
Up to 2% cashback on every purchase
The Krak card earns 2% back in GBP on everything you spend.2 3 No category caps, no rotating structures, no annual fee. Combined with Salary Match, the numbers stack quickly. On £2,000 monthly spend and a £5,000 salary, you're earning £90 per month, £1,080 per year, just from 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, directly in the app.4 Rewards accrue automatically, no lockups, no separate savings pot to manage.
The full picture
- Dedicated UK sort code and account number on Faster Payments
- Instant GBP transfers via Faster Payments
- Direct Debit and Standing Order support
- Native GBP and EUR transfers
- Compatible with employer payroll, tax, and accounting systems
- 1% Salary Match: up to £250/month, £3,000/year
- 2% cashback in GBP on every purchase
- Up to 4% AutoEarn on your tGBP balance
- Fee-free FX at the Mastercard rate5
One account that plugs into 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 compound.
1 Eligible clients in the UK only. T&Cs apply. Min. cumulative transfer(s) of £2,500 (max 4 payments) from employer payroll; exclusions apply. Rewards credited monthly as determined by Krak; max £250/month. 1% promotional rate not guaranteed; applies until 01/05/26, then depends on average assets held with Krak, Kraken and Kraken Pro. Kraken may amend, suspend, or end the promotion. Tax may apply. E-money services are not protected under the Financial Services Compensation Scheme. Reward value may fluctuate if held or converted into other assets.
2 Krak Card is issued by Monavate Limited, authorised by the Financial Conduct Authority to carry on electronic money activities and related payment services (FRN: 901097). Payward Services Limited is authorised by the Financial Conduct Authority to carry on electronic money activities and related payment services under the Electronic Money Regulations 2011 (FRN: 1010381).
3 Rate depends on average assets held with Krak, Kraken and Kraken Pro. Geo restrictions and T&Cs apply. See Support Center for more info.
4 Geographic restrictions apply. Reward rates determined and paid by Kraken at its sole discretion, subject to change. See Terms of Service for more info. Due to its partnership with BCP Technologies Ltd., Kraken receives an economic benefit with respect to amounts of tGBP held on the platform. Stablecoins may be subject to issuer or third-party risk, depegging, and liquidity or redemption failure.
5 A variable spread applies when spending across assets. Third-party ATM fees may apply.
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