Krak launched dedicated bank accounts for the UK market, with a local account number and sort code on the Faster Payments infrastructure and native SEPA support, integrated directly into the app. Opening takes minutes and is immediately compatible with employer payroll systems, HMRC and service providers.
The central offering is the Salary Match program, which returns up to 1% of each salary credited to the account, capped at £250 per month and £3,000 per year. Unlike welcome bonuses with expiration dates, the reward is recurring and indefinite. In the case of a monthly salary of £5,000, the program generates £1,200 over two years simply by receiving a paycheck, with no additional conditions.
The ecosystem is complemented by 2% cashback in GBP on every purchase made with the Krak card, with no restricted categories or annual fees, and by AutoEarn, which offers up to 4% rewards on tGBP balances with no lock-up periods. Combined, these three mechanisms allow a person with £2,000 in monthly spending and a £5,000 salary to accumulate up to £1,080 per year without changing their financial habits. The account also includes support for direct debits, standing orders and currency conversion with no additional fees beyond the Mastercard rate.
Source: https://blog.kraken.com/product/krak/uk-accounts-salary-match
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