According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- UK and EEA
Currencies:
- 26 currencies
- No
- No
Our Evaluation of Curve Bank
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Brief Look at Curve Bank
The Curve neobank allows you to keep all accounts plus virtual transactions and plastic cards within one application and manage them conveniently while tracking income and expenses, converting currencies, and even calling payments back. Curve has a flex feature that enables you to instantly transfer funds between various accounts, while freely converting one currency to another. The neobank card is accepted in shops worldwide, and cash withdrawals are available at any ATM with a fixed fee that begins after the first 10 free withdrawals per month. A bank client can cancel any payment within 30 days and have the funds returned and then make a retroactive payment from another card registered in the application. No other digital bank offers this feature.
- here is a free tariff plan with all the features and much more favorable limits when compared with competing banks.
- The Curve app is installed on any device, it has an intuitive interface, and it is easy and convenient to work in.
- You can connect an unlimited number of cards and accounts to the application, transfer funds between them, and choose payment priorities.
- The application has several built-in functions, for example, a currency converter at a market rate (there is a limit on commission-free exchanges).
- The Curve app provides customers with cashback that accumulates from all purchases on the Curve Cash virtual card.
- A bank customer can pay with a Curve plastic card or app (wherever Apple Pay, Google Pay, or Samsung Pay works).
- This neobank operates 100% transparently with no hidden fees; it has a valid license and is regulated by the FCA.
- All transactions are subject to an additional fee of 1.5% of the amount (no limit fees on Curve Metal).
- If the payment is converted to EUR, USD, or GBP, an extra 0.5% will be added to the standard fee.
- Neobank does not offer investment solutions or additional opportunities for capital growth.
TU Expert Advice
Author, Financial Expert at Traders Union
Curve Bank offers a digital banking platform that consolidates all user bank accounts and cards into a single application for easy management. It provides a unique payment flexibility feature, a proprietary Curve card, and supports Apple Pay, Google Pay, and Samsung Pay. The app allows seamless currency conversion and provides a cashback feature through Curve Cash. Curve operates transparently with no hidden fees and is regulated by the FCA.
Despite its advantages, Curve Bank has some drawbacks, including additional transaction fees and the lack of investment or savings solutions. The service is primarily suitable for active spenders utilizing multiple bank accounts and cards. It may not be ideal for those seeking investment opportunities or extensive financial services typical of traditional banks.
Curve Bank Summary
Via Curve's secure website. Your capital is at risk.
| 💼 Main types of accounts: | Standard, Black, Metal |
|---|---|
| 💱 Multi-currency account: | No |
| 💵 Deposit terms and conditions: | No |
| 💳 Loan terms and conditions: | No |
| ☂ Deposit insurance: | No |
| 👛️ Savings options: | Financial control, reports, limits and alerts, cashback, |
| 📋 Types of payment: | Plastic card, Apple Pay, Google Pay, Samsung Pay, wire transfers |
| ➕ Additional features: | Refund of payment with subsequent payment by another card |
The Curve app differs from most applications of similar neobanks in that it is a convenient aggregator of existing accounts. The fact that Curve allows you to open an account with itself is secondary, since such an account is only needed to receive cashback and does not provide other fundamental opportunities. In general, this neobank's fees are in line with those of its competitors. Curve succeeds in other benefits. The table below shows the main parameters and features of this bank.
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Curve Bank Commissions & Fees
The subscription fee is not included in the Standard tariff. For Black and Metal tariffs, the subscription fee is calculated individually depending on the region where the client is registered. You can always find out the exact cost of paid tariff plans in the application (when downloading and installing for the first time, a free tariff is initially offered).
The website and app list the commissions for direct conversion when a client exchanges one currency for another on any of his cards. In this case, after exceeding the free conversion limit, 2% of the exchanged amount is charged. However, there is another type of conversion.
For example, a customer pays for a purchase with a bank card or other linked card whose currency does not match the payment currency. Let's say there are euros on the card, and the client pays in dollars in an American store. Conversion occurs instantly at the current rate. In this case, the bank commission is charged if the following limits are exceeded:
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€500 per month for Standard.
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€15,000 per year for Black.
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€60,000 per year for Metal.
We also compared Curve fees with similar types of fees on other Digital banks.
| Broker | Overdraft fee | ATM Withdrawal Fee | International transfer fee | International exchange fee |
| Monzo Bank | 19-39% | Free in the UK In other countries: - up to £200 - free - beyond £200 - 3% | €0.5 | 0.35%-2% |
| Curve Bank | No | Up to €200 - free - beyond €200 - 2% | No | Up to €1,000 - free - beyond £200 - 2% |
| Chime Bank | No | No | No | 3% (max.$5) |
The Curve neobank offers advanced mobile banking conditions. It allows you to conveniently accumulate all the financial capabilities of the client in one place and manage them in a matter of moments from an application with a pleasant and simple interface. Curve Bank provides all typical digital banking features, excluding savings accounts, investment facilities, and savings solutions. But it has its own cashback, flex feature (with a small interest rate), and a unique tool that allows you to cancel a transaction made within the previous 30 days, thereby retrieving any purchase and replacing the canceled funds to a payment card.
Account types
Investment Options
The Curve app does not provide investment or passive capital growth options, except for the cashback accumulation feature. However, if any of the accounts or customer cards connected to the application offer additional earning opportunities (such as savings pots, etc.), they may be activated. Thus, the client of this neobank can continue to enjoy all the benefits of all of his cards and other accounts.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Contacts
| Foundation date | 2015 |
|---|---|
| Official site | https://www.curve.com/ |
Comparison of Curve Bank with other Brokers
| Curve Bank | Wise | Bunq | Revolut | Suits Me Bank | Emirates NBD | |
| Supported Countries | UK and EEA | Globally | Netherlands, Germany, Austria, Italy, Spain, France, Belgium, Ireland, Bulgaria, Croatia, Slovenia, Republic of Cyprus, Finland, Greece, Hungary, Latvia, Lithuania, Luxembourg, Malta, Norway, Poland, | Globally | UK and worldwide | AED |
| Supported Currencies | 26 currencies | 54 currencies | Euro (16 European currencies in the Easy Money plan) | 30 currencies | GBP, EUR, RON, SEK (for transactions with other currencies, automated conversion is made) | UAE |
| Deposit insurance | No | No | EUR 100,000 | Yes | No | 100,000 AED |
| Minimum deposit | No | No | No | No | No | 500 AED |
| Deposit rate | No | No | 0.09% APY | 6.45% | No | 2% |
| Loan Rate | No | No | The bank does not issue loans | 0.65%-0.7% | No | Individually |
Detailed review of Curve Bank
The main advantage of Curve Bank is that it allows you to easily link any cards and customer accounts to your application, and then pay using these accounts through your own plastic card. All aspects of payment for goods and services are configured through the application. For example, in New York, a customer pays for food delivery with one card, and in a clothing store, he pays with another. Arriving in Barcelona, he uses the third card (with the most favorable conditions for Spain, it can generally be a card of a Spanish bank). In each situation, he has Curve plastic in his hands, and all the presets are already in the application.
Curve mobile bank by the numbers:
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3 million active users worldwide;
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$2 billion of payments executed;
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Banks in 31 countries are partners with Curve Bank;
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€0 is the subscription fee for the Standard tariff.
Another feature that conceptually distinguishes Curve Bank from its competitors is access to all functions, regardless of the tariff plan. If the client uses the Standard tariff, he has access to a cashback account, a flex at 14.18%, and he can return payment for purchases. Therefore, it cannot be said that one Curve tariff is much more profitable than another. However, the more active the client is, the more profitable the paid tariffs with plastic and metal cards are for him because he receives extended limits without charging a commission for all his actions — from cashing out to converting funds.
Curve Bank’s useful features:
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Single card. All cards and customer accounts are combined in an aggregator application and linked to a Curve plastic or metal card. The card allows you to pay offline around the world and online on the terms set by the client.
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Joint cashbacks. All cashbacks from customer cards can be credited to a separate free Curve account. Neobank also provides customers with a bonus cashback to this card when actively using its services.
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Flex backdated. Curve Bank offers an uncharacteristic flex account. Here, a bank client can divide any payment made over the past year into 3, 6, 9, or 12 installment payments. He receives a full refund of those funds and later pays for the purchase or service again in installments with an annual percentage of 14.18%.
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Payment refund. At any time, the bank's client can fully return the payment made within the last 30 days, and instead of the card used at that time, make a purchase from another linked card to receive additional benefits.
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Detailed statistics. This application presents data in graphical tables and charts while showing the user's income and expenses, dividing them into categories, and generating detailed reports. You can automate the process by setting milestones, goals, limits, and alerts.
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Conversion. Funds on the cards can be freely converted by exchanging one currency for another. When paying, if the card has one currency, and the payment is accepted in another, an automatic conversion takes place using the priority currency.
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Universal commissions. Curve Bank makes it easy for its clients to calculate commissions. All transactions are subject to one fee — 1.5% (over the limit for the Metal tariff). There are no additional fees or hidden fees.
Curve Bank supports most currencies of the world, including the US dollar, pound sterling, euro, Chinese yuan, etc. There are no restrictions for residents of certain countries or regions. The only thing that the Curve app user needs to do is to set all the settings in advance, choosing priority currencies and cards for payment.
Advantages:
Simple, intuitive Curve app with all the features of a modern mobile bank.
There are no hidden fees or additional commissions, and all information on fees is presented in the relevant section.
The free tariff plan provides a full range of features, the difference between paid tariffs is only in the limits.
There are no restrictions for residents of different countries, cards of all banks and most world currencies are supported.
Built-in conversion - there is a direct conversion through the service and it is automatic when paying for a product or service.
Refund of payment is a unique service, which has no analogs offered by any neobank.
Curve Bank is regulated by the FCA and has a valid license.
Curve has a developed and active community, powerful support center, and prompt assistance to customers.
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