Krak now offers a dedicated Virtual IBAN for our customers from Latvia, Greece, Croatia, and Hungarian, directly inside the app. Open it in minutes, share it with your employer, and start getting paid with rewards from day one.
It’s a real Virtual IBAN on local SEPA rails, the same infrastructure your landlord, your employer, and your utility provider expect to see.
A Virtual IBAN on your local rails
Your new Virtual IBAN starts with DE, sits on SEPA, and behaves exactly 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 without the detour
EUR transfers land same-day via SEPA. No holding periods, no “1–3 business days” ambiguity. Send money to a friend, pay an invoice, receive a freelance payment, it all moves on the same German rail that Deutsche Bank and Sparkasse use.
GBP is handled natively too. If you’re splitting your financial life between your home country and the UK, transfers move directly without forcing you through a conversion step you didn’t ask for.
Salary Match: up to €3,000 per year for getting paid1
This is the feature that changes the economics of where you bank. 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 anything. And because the match is credited at the start 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 IBAN: Send it 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 EUR or BTC 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.
Vaults: up to 8% APY on USDC
Krak Vaults let you earn up to 8% APY, directly in the app.4 Rewards accrue continuously, withdrawals are fast, no minimum balance.
The full picture
- Dedicated German IBAN on SEPA rails
- Same-day SEPA transfers, send and receive
- Native EUR and GBP transfers
- Compatible with employer payroll, tax, and accounting systems
- 1% Salary Match: 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+
- 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.
1Eligible clients in Luxembourg, Germany, Latvia, Greece, Croatia, Hungary 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 Kraken and Kraken Pro. Kraken may amend, suspend, or end the promotion. Tax may apply. The e-money wallet is not a bank account and is not covered by any deposit guarantee scheme. Reward value may fluctuate if held or converted into other assets.
2 Not investment advice. Crypto trading involves risk of loss. Krak Card is issued by UAB Monavate, authorised by the Bank of Lithuania (authorisation code: LBO02139). Payward Ireland Limited (PIL) and Payward Europe Solutions Limited (PESL), trading as Kraken, are regulated by the Central Bank of Ireland. E-money services are provided by PIL and spot trading services are provided by PESL.
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 APY is variable and not guaranteed; there is a risk of loss. Onchain interactions involve technological, market, and operational risks (see Terms of Service). Kraken does not control third-party protocols. Vaults are an unregulated product and are provided by Payward Wallet, LLC. Fees apply. Geo restrictions apply.
5 A variable spread applies when spending across assets. Third-party ATM fees may apply.