Amjad K.
Worst banking experience ever.
I can’t lie. I’m very disappointed. Utterly disappointed with this service. I left a 5 star review just yesterday stating the service and features are amazing. Now you want to shut my account. I had a hiccup where my son in law made a payment into my account to purchase my vehicle. That payment got put on hold and eventually rejected and sent back to him. Krak makes bold claims stating that third party transfers are not allowed. Users of other banks CANNOT send you money using FPS (Faster payment services). I think it’s utter BS. You can pick and choose who can and can’t send you payments. I’ve had a payment from my son in law accepted into my bank before. I’ve also had a stripe payments go in. It’s funny how you can make outgoing transfers to other banks but aren’t allowed to accept incoming ones unless they’re from your own accounts and match your exact name. Make up your mind Krak, you either accept third party transfers or you don’t. Don’t allow it sometime and then suddenly feel like you can’t. Your AI chat bot will drive you nuts and eventually make you suicidal. Even reaching a live agent is a nightmare, once you do it feels like talking to a potato. I get an email after the payment got rejected stating they are closing my account and can no longer offer me their services. Ladies and gentlemen, for your peace of mind. STAY AWAY FROM KRAK. Don’t let them fool you with the UI design and fake promises and their generic templates they use to word everything. It’s false hope. You can’t call and speak to a human. Your money will get trapped for days. If this is your only bank and you’re looking to receive your salary, money from family and friends, a sale of an item or even benefits from the government… THINK TWICE. THEY WILL RESTRICT YOUR ACCOUNT AND CLOSE IT. For the love of God, use your brains and read the review before you commit to days, weeks or months of stress and headaches.
Response from KrakOct 23, 2026
Hi Amjad, thanks for taking the time to leave a review. You can find more details about account closures here: https://support.kraken.com/articles/account-closures-safeguarding-our-clients-and-kraken Please rest assured that if you have funds in your Krak account, the team will work with you to return them to your bank account. We appreciate your understanding and patience.




