These terms and conditions apply to any holder of the card ('the card' or 'your card’). By using your card you are demonstrating your agreement to these terms and conditions.
The card is promoted by Kroo Ltd (formerly B-Social Limited), a company registered in England and Wales under company number 10359002 with its registered office at 15-19 Bloomsbury Way, London WC1A 2TH (‘Kroo’) and issued by Wirecard Card Solutions Limited a company registered in England and Wales under company number 07875693 with its registered office at 3rd Floor, Grainger Chambers, 3-5 Hood Street, Newcastle upon Tyne, NE1 6JQ and authorised and regulated in the UK by the Financial Conduct Authority to issue e-money (Firm Reference Number: 900051) (‘Wirecard’).
You will apply for a card in a specific currency. All references to that currency in these card terms and conditions are relevant to you.
The card is an e-money product, and as such, it is not covered by the Financial Services Compensation Scheme. In the unlikely event that Wirecard becomes insolvent, your funds may become valueless and unusable, and as a result, you may lose your money.
These card terms and conditions are available in the Kroo App and at https://kroo.com. You can request a copy of these card terms and conditions at any point in their duration.
In these card terms and conditions, the following words and phrases have the meanings shown next to them.
ATM - means automatic teller machine or cashpoint facility or cash dispenser;
Business day - means a day between and including Monday to Friday, between 10am and 6pm (UK time) except for bank or public holidays in England and Wales;
The card or your card - means your Kroo debit Mastercard® Card (including any replacement card);
Card scheme - means Mastercard;
Fees - a variety of charges that can be raised for purchase and ongoing use of the card;
PIN - means personal identification number i.e. the security number provided for use with the card;
Purse value - means means the maximum value of funds that can be held with the card at any one time;
Supplier - a retailer, merchant or other supplier of goods and/or services which accepts payment by means of a card, card number, PIN or card and signature;
Summary Box - The section of these terms and conditions that includes charges, limits and restrictions associated with the card;
Supplier’s bank - the merchant acquirer used by the Supplier for the purposes of receiving payments arising from transactions;
Kroo App - Kroo’s mobile and web applications;
Kroo Customer Support Team - means the customer support team operated by Kroo, can be contacted via email at email@example.com or via the Kroo App;
Kroo Debit Card - means a card with the features set out these terms and conditions;
We / us / our - means Wirecard or Kroo or co-brand partners acting on our behalf;
Year - The 12 month period following the date when the card is issued to you and each subsequent 12 month period;
You / your - means the person or persons who have received the card and are authorized to use the card as provided for in these card terms and conditions.
You can add money to your card by debit card or bank transfer. If you use a card you must use a card that has been issued by a UK regulated financial institution in your name and is registered at the same address as this card. We will not charge you fees to load your card. Please see Summary Box for other fees which will apply.
The time that it takes for your card balance to be updated when you load your card depends on the method that you use to do so and the time that it takes for the funds to be sent to us. When we receive the funds, your card will be updated with the amount on the same business day. If we receive the funds on a day that is not a business day, we will update your balance on the next business day. You can check the transfer time, for example, with your bank or card provider if paying from a bank account or debit card. For most transfer methods funds will be available in 2 hours.
When loading funds onto your card, the card must be credited with funds in the same currency as your card.
The card is for personal use only. The card is a debit card product which can be used to pay for goods and services at retailers that display the Card Scheme symbol. To use the card, simply present your card loaded with funds at the time of payment. You may use it in full or part payment of your purchase.
When you receive your card, you will need to sign in to the Kroo App and enter your personal credentials to activate the card and access your PIN. If there are any issues with activating your card, please contact our customer support team at firstname.lastname@example.org or by signing in to the Kroo App and selecting the ‘Support’ link.
Except where a part payment is permitted by the supplier, allowing you to make payment in part by another payment method, you must not make purchases that exceed the balance of funds available on the card. Your balance will be reduced by the amount of each purchase you make. If any purchase takes you over your available funds or the card limits in force from time to time and set out in condition 14 the transaction will be declined.
You can use the card to make purchases in-store, via the internet or over the phone. The card can be used to obtain cash through ATMs.
The card offers no cashback facility. This is not a debit card supported by a bank account and is not in any way connected to a bank account. It is also not a guarantee card, charge card or credit card. You will not earn any interest on any funds loaded on to the card.
Your card cannot be used in situations where:
We may stop, suspend or restrict your card or PIN on reasonable grounds relating to:
We are not responsible for the quality, safety, legality, or any other aspect of any goods or services purchased with the card. We are not liable for the failure of any merchant to honour the card.
We will not issue the card under these terms and conditions to anyone under the age of 18 years old.
The issuance of the card under these terms and conditions is subject to verification.
You agree that any use of your card, card number or PIN constitutes your authorisation and consent to a transaction.
A transaction order will be deemed to be received by us at the time when we receive it. Where it is received after 6pm on a business day when it will be deemed to have been received on the next business day. If we receive it other than on a business day then it will be deemed to have been received on the next business day.
You cannot stop a transaction once you give your consent to a transaction, or you have given consent to a supplier for a pre-authorised payment.
We may refuse a transaction or suspend or terminate the right to top up your card. We may do this if the relevant phone or computer link is busy. We may also do this if:
The card can be used for transactions which are not in the currency of the card although a fee will be applied for doing so.
If you make a transaction in a currency other than the currency of the card we will change the transaction amount into the currency of the card at the wholesale market rate applied to us by the Mastercard Card Scheme.
Exchange rates may change, and the exchange rate which applies on the date that you make your transaction may not be the same as the exchange rate we use on the date that we convert the transaction amount and deduct the service charge from your balance. The exchange rate applied will include this service charge. You can check the exchange rate used as described in condition 7.
To check the available balance on your card or to review your transactions you can log in to the Kroo App and check your account. Alternatively, you can contact us by emailing email@example.com or select the support tab in the Kroo App for assistance.
The card’s expiry date is printed on the card. You must not use the card after it has expired.
We will notify you by email at least two weeks before your card is due to expire. This notice will inform you what will happen to your card:
If you renew your card in circumstances under the conditions above this agreement will continue to apply.
If you request that your card is not renewed or do not request a replacement, you will not be able to use it after its expiry date. You can redeem any outstanding balance on the card up to 6 years after the expiry date by following the process in condition. We will attempt to refund any balance held on the Card at the date of expiry to any bank account in your name from which you have previously transferred funds onto the card. If any balance remains on the card for more than 6 years after the expiry date, it will not be refunded.
You can redeem all or part of your balance by contacting us via the Support section in the Kroo App or by emailing us firstname.lastname@example.org up until the date that is 6 years after the expiry date shown on your card. We will transfer any funds you want redeemed into a UK bank account which is in your name. We may request proof from you of the account name.
You will not be charged a fee for the redemption.
You must sign your card as soon as you receive it and keep it safe. You must always make sure that you:
If your card is lost or stolen or someone else finds out the PIN or if you think your card, card number or PIN may have been misused, you must:
If you find the card after you have reported it lost, stolen or misused and we have issued a new card, you must cut it up and tell us as soon as you can.
If your card or any replacement card is lost or stolen, once you have reported it you can request a replacement by contacting us via the Support section in the Kroo App or email us at email@example.com. Any fee for a replacement card will be as set out in the Summary Box below.
You may be liable for any use of the card, card number or PIN by another person who does not have your permission to use it if:
If your card is used without your permission or is lost, stolen or if you think the card may have been misused, we may disclose to law enforcement agencies any information that we reasonably believe may be relevant.
We will not be liable for:
We may change any of these terms and conditions, including fees and charges, or introduce new terms. If we make changes to it that are clearly favourable to you, we will make them immediately and we will notify you that we are making them. In any other case, we will give you 60 days written notice via the in-app messaging section in the Kroo App or via your nominated email address.
If we change these terms and conditions, the new terms and conditions will be available at https://kroo.com from the effective date of the changes or before the date the changes take effect.
You will be deemed to have accepted any change to these terms and conditions unless you notify us of any objection.
If you notify us that you do not accept the change, this agreement will terminate immediately and subject to section 9 you can redeem your total balance at that time without charge.
If you change your mind about having a card shortly after registering, you may cancel it within 14 days of the date you received confirmation that your application was approved. You can cancel by contacting us via support in the Kroo App or by emailing us at firstname.lastname@example.org. We will refund any balance remaining on the card to you and any fees that you have paid.
We will reimburse you in the same currency as that of your card.
We may terminate this agreement at any time. Unless there are exceptional circumstances, we will give you 2 months prior written notice.
You can terminate this agreement by contacting us via the Support section of the Kroo App or email us at email@example.com subject to sections 11 and 12.
The terms of the agreement shall remain in effect after the expiry of the card for so long as there are any outstanding transaction disputes. We will retain your personal information for 6 years after the termination of the Agreement for any reason, for a period of 6 years for litigation, regulatory or investigatory purposes, or as required by law.
By entering into this agreement you agree that we may use your information in accordance with the ‘How we use your information’ section of these terms and conditions, as set out in condition 17.
We may monitor and/or record telephone calls between you and us or service providers.
You must provide us with your email address, postal address and phone number and let us know of any changes.
We may transfer our rights or obligations under this agreement or arrange for any other person to carry out our rights or obligation under this agreement. You may not transfer any of your rights or obligations under this agreement.
We can delay enforcing our rights under this agreement without losing them.
If we cannot enforce any paragraph, condition or part of a paragraph or condition under this agreement, this will not affect any of the other paragraphs, conditions or the other part of the paragraph or condition in this agreement.
This agreement is governed by the laws of England and Wales. The language of this agreement is English and all notices and information given under this agreement will be in English.
This condition applies if you make a payment to a supplier whose bank is located within the European Economic Area which includes all the member states of the European Union, Iceland, Norway and Liechtenstein (EEA) and the payment services being carried out are transacted in Euro, or another currency of an EEA member state.
For card payments made to payment service providers outside the EEA and payments in non-EEA currencies to payment services providers within the EEA these terms and conditions apply equally unless stated otherwise.
You will not be able to pay charges, including foreign exchange charges for anyone you're making a payment to within the EEA (regardless of the currency of the transfer).
If you use your card or provide your card details to a supplier to make a transaction before you know the amount which is going to be charged to your card, then you may be entitled to request a refund if the amount is unexpectedly large. To claim a refund you must tell us via the Support section in the Kroo App or email us at firstname.lastname@example.org within eight weeks from the date the transaction is deducted from your balance. You will NOT be entitled to a refund if you have been told by us, or the supplier, of the amount of that transaction at least four weeks before the transaction is due to be deducted from your balance, and you consented to the transaction.
On receipt of such a request as above, we may require you to provide us with information to ascertain whether the requirements have been met. Within 10 business days of receiving a request from you or of receiving any additional information required under this paragraph, we will provide a refund or justify why we are refusing the request.
When a supplier initiates a transaction it is the supplier’s bank that is liable for the correct transmission of the relevant details to us. If the supplier’s bank can prove that it is not responsible for a transaction which has failed or has been incorrectly executed, we will be responsible to you.
We are liable for correctly executing payment transactions unless we can prove that the transaction has been received by the supplier’s bank, in which case the supplier’s bank is liable to the supplier. You may request that we make immediate efforts to trace an incorrectly executed transaction and notify you of the outcome.
If we are responsible for an incorrect amount being deducted from your balance in a transaction, we will correct the error. If we are responsible for a transaction being deducted from your balance which you did not authorise, we will refund the amount of the transaction to your balance and treat the transaction as if it had never occurred. You must inform us of any unauthorised or incorrect transaction as soon as possible and in any event no later than 13 months after the debit date. If you do not do so, we may not be liable.
We are not liable if you incorrectly identify the supplier under a transaction. In such a case, we will make reasonable efforts to recover the funds involved. If you give us the wrong details for a payment or you tell us about an incorrect payment more than 13 months after it was made, we will not give you a refund but we will try and trace it for you. We may charge you a reasonable fee to cover our costs of doing this.
We can return money paid to your card by mistake. If, however, you do not think a payment made to you from a payment service provider in the EEA was a mistake we may share your personal information with the paying payment service provider so that you can be contacted directly. This is because we are required to cooperate with other payment service providers and share all relevant information in order to assist with tracing money which is sent to the wrong person.
If a payment you asked us to make within the EEA arrives later than it should have, you can ask us to contact the receiving bank and ask them to treat it as if it was made on time.
For card-based payment transactions where you do not know the exact amount of the payment transaction at the time you authorise it, we will not block funds on your payment instrument unless you authorise the exact amount to be blocked. This could be the case for payments you make at hotels or at fuel stations for example.
We shall release any blocked funds without undue delay as soon as we are aware of the exact amount of the payment transaction and immediately after receipt of the relevant payment order.
We may need to contact you urgently if we suspect or find fraudulent activity has occurred on your account (provided we are not prohibited from doing so by law) or if we suffer a security threat. To do so, we may (for example) send you a text message instead of calling or emailing you, if we think this is the quickest way to contact you. When we contact you, we will also give you information on how you can minimise any risk to your card depending on the nature of the security threat.
We will use the same contact details which you have already provided us with when contacting you. You must inform us immediately if your personal details or contact information change.
If you would like to make a complaint or contact us for any other reason connected to these terms and conditions please write to us at BM Box 41217, London, WC1N 3XX, or contact us via the Support section in the Kroo App or send an email to email@example.com. Where a complaint is made either through the Kroo App or to the email address above within working hours, we will contact you promptly by the same method of communication confirming that we have received your complaint, and we will make every effort to resolve your complaint speedily.
We will try to resolve any complaints you have about your payment instrument or the service we provide to you within 15 business days of receiving your complaint and in exceptional circumstances, within 35 business days (and we will let you know if this is the case). However, if you are not satisfied with the outcome of your complaint, you can write to the Financial Ombudsman Service at Exchange Tower, London, E14 9SR; calling them on 0800 023 4567 or 0300 123 9123; emailing them on firstname.lastname@example.org; or through their website www.financial-ombudsman.co.uk.
We can terminate these Terms or stop providing any of the Service at any time and for any reason. We may also change, suspend, terminate or discontinue any aspect of the App or the Service including the availability of certain features at any time and for any reason. Where possible, we will endeavour to give you notice before doing so.
We may search your record at credit reference and fraud prevention agencies. These searches are to check your identity and we do not carry out full credit reference checks or credit scoring for this purpose. We will use an automated decision-making system to assess your application and verify your identity.
If we are unable to verify your identity adequately, we may ask you to provide some documentary evidence to help confirm your identity and address.
Credit reference agencies may check the details you supply against any particulars on any database (public or otherwise) to which they have access. An unrecorded enquiry will be made. An unrecorded enquiry is a search that was not made for lending purposes. It cannot affect your credit rating or score when you apply for credit. It is not seen by lenders other than the one that carried out the search. It is included on your credit report so you know the search was made but does not affect your credit rating, or score, when you apply for credit.
If you give us false or inaccurate information and we identify possible fraud, we will record this with fraud prevention agencies. Law enforcement agencies may access and use this information.
Some information held by credit reference and fraud prevention agencies will be disclosed to us and other organisations, for example:
When you have an agreement with us we may use the following types of information about you:
We will process, use, manage, control, release and record information about you to:
We may reveal information about you:
Processing your information, as described above, may involve sending it to other countries outside of the EEA including the United States of America. In such circumstances, we are responsible for making sure that your information continues to be protected to an equivalent standard to processing within the EEA.
We will keep information about you for only as long as we need to or as is required to meet our legal obligations.
This table summarises key product features and information and is not intended to replace the terms and conditions of the product. The fees, limits and restrictions that apply to each card are set out below. The fee structure for your card depends on whether you have purchased a ‘Sterling Card’, ‘Euro Card’ or ‘US Dollar Card’.
We use the services of Modulr to provide you with payment account functionality, their products are governed by the terms and conditions shown here and by starting to use the Kroo account you will be deemed to have accepted and agreed to these.
As the services provided by Modulr are a critical component of Kroo’s systems, if you do not wish to agree to these terms please notify us immediately and we will arrange for the closure of your account.