20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
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Curve Bank Review 2024
Trading platform:
- Apple Pay
- Google Pay
- Samsung Pay
- Bank account
Supported Countries:
- UK and EEA
Supported
Currencies:
Currencies:
- 26 currencies
Deposit rate:
- No
Deposit insurance:
- No
Summary of 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.
| 💼 Main types of accounts: | Standard, Black, Metal |
|---|---|
| 💱 Multi-currency account: | No |
| ☂ Deposit insurance: | No |
| 👛️ Savings options: | Financial control, reports, limits and alerts, cashback, |
| ➕ Additional features: | Refund of payment with subsequent payment by another card |
👍 Advantages of trading with Curve Bank:
- 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.
👎 Disadvantages of Curve Bank:
- 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.
Evaluation of the most influential parameters of Curve Bank
Table of Contents
- Geographic Distribution
- Latest Comments
- Expert Review
- Latest Curve Bank News
- Analysis of Curve Bank
- Dynamics of the Popularity
- Investment Programs
- Terms for Cooperation
- Detailed Review
- Banking features
- Technical Support
- Social programs
- How to open an account?
- User Reviews of Curve Bank
- FAQs
- TU Recommends
Geographic Distribution of Curve Bank Traders
Popularity in
18.1%
GB
11.4%
US
7.3%
DZ
5.5%
DE
3.8%
PL
3%
IT
0.7%
MA
0.6%
BE
0.9%
SE
39.7%
Others
User Satisfaction i
3 comments
Total score:
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kedsdex
20 weeks ago
nanetteow11
1 year ago
willieappl
1 year ago
Expert Review of Curve Bank
Curve Bank is quite different from most of its neobank competitors. The essence of the system is not to accumulate pure client funds. The customer does not receive a separate invoice. Instead, he connects all his accounts and cards to a single application, choosing the amounts, auto payment dates, and which card to use. It turns out to be quite convenient, considering that you can set the priority of cards for specific categories. In this case, all bonuses of the active card are valid.
Curve provides a proprietary virtual, plastic, or metal card that you can use at offline stores and withdraw cash from ATMs. Once again, the client himself chooses from which of the connected accounts the payment or withdrawal will be made. The application supports most world currencies and there is an integrated converter (market price plus commission; and there is a limit on free exchange, which depends on the tariff).
Curve offers a special account for the client, where cashback from all cards will be received. In addition, Curve gives the client a small bonus for using the cashback feature. This digital bank does not provide other tools for accumulating and increasing funds and there are no investment solutions.
Curve Bank targets active people who spend a lot and who constantly use different cards and accounts. For those who lead a more restrained financial policy, a free tariff plan is sufficient. However, on the free plan, ordering a plastic card costs €5 (a virtual card is provided free of charge).
Latest Curve Bank News
23.10.2023
Curve, the digital bank, announced today that it has signed a partnership agreement with Nuvei Corporation, a Canadian fintech company, with the primary
Dynamics of Curve Bank’s popularity among
Traders Union’s traders, according to 2023 data
Investment Programs, Available Markets, and Products of Curve Bank
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.
Important!
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.
Terms for Cooperation with Curve Bank
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.
| 💼 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 |
Comparison of Curve Bank with other Brokers
| Curve Bank | Wise | Bunq | Revolut | Emirates NBD | Varo | |
| 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 | AED | The entire world, except blacklist countries (see the website) |
| Supported Currencies | 26 currencies | 54 currencies | Euro (16 European currencies in the Easy Money plan) | 30 currencies | UAE | USD |
| Deposit insurance | No | No | EUR 100,000 | Yes | 100,000 AED | USD 250,000 |
| Minimum deposit | No | No | No | No | 500 AED | No |
| Deposit rate | No | No | 0.09% APY | 6.45% | 2% | 2-5% APY |
| Loan Rate | No | No | The bank does not issue loans | 0.65%-0.7% | Individually | 10-33% APR |
Curve Bank Commissions & Fees
Information
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:
-
€500 per month for Standard.
-
€15,000 per year for Black.
-
€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) |
Conclusion
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.
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:
-
3 million active users worldwide;
-
$2 billion of payments executed;
-
Banks in 31 countries are partners with Curve Bank;
-
€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:
-
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.
-
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.
-
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%.
-
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.
-
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.
-
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.
-
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:
1
Simple, intuitive Curve app with all the features of a modern mobile bank.
2
There are no hidden fees or additional commissions, and all information on fees is presented in the relevant section.
3
The free tariff plan provides a full range of features, the difference between paid tariffs is only in the limits.
4
There are no restrictions for residents of different countries, cards of all banks and most world currencies are supported.
5
Built-in conversion - there is a direct conversion through the service and it is automatic when paying for a product or service.
6
Refund of payment is a unique service, which has no analogs offered by any neobank.
7
Curve Bank is regulated by the FCA and has a valid license.
8
Curve has a developed and active community, powerful support center, and prompt assistance to customers.
Types of accounts for individuals and businesses
Account Type
Description
Standard
Free tariff, the cost (and replacement cost) of the card is €5. After 10 cash withdrawals per month, a fee of €0.50 per withdrawal is charged. If more than €200 are withdrawn per month, then the commission is 2%. Free conversion for the first €200; thereafter, a commission of 2% is charged. The universal transaction fee is 1.5%.
Black
Paid tariff, the card (and its first replacement) is free. After 10 cash withdrawals per month, a fee of €0.50 per withdrawal is charged. If more than €200 are withdrawn per month, then the commission is 2%. Free conversions for up to €400; thereafter, a commission of 2% is charged. The universal transaction fee is 1.5%.
Metal
Paid tariff, the card is not paid for, but its replacement cost is €50 (for the metal card). After 10 cash withdrawals per month, a fee of €0.50 per withdrawal is charged. If more than €200 are withdrawn per month; thereafter, a commission of 2% is charged. Free conversion for up to €600, then a commission of 2%. There is no universal transaction fee for transactions up to €10,000 per month (beyond 1.5%).
Banking features
This neobank does not provide specialized services to legal entities, so it is not possible to open an account for business here. Individuals get access to standard banking features. These include payments for goods and services anywhere online and at offline stores globally, cash withdrawals using ATMs, transfers, including international ones, and payment of bills (for example, utility bills). Curve Bank does not offer overdraft protection, standard loans, investments, or savings services. There are only flex accounts and a cashback program, as well as a refund function that allows you to cancel an old payment made within the last 30 days, and make it from another card that uses different conditions.
Technical Support
Note that Curve Bank does not have a call center. This is not typical for a mobile bank, but there are alternative ways to contact technical support. For example, an email may be sent to support@imaginecurve.com, use the ticket system on the website, or the forum that’s integrated into the website and mobile app. On the forum, bank customers can get advice from both technical support specialists and other customers, which is often extremely useful.
The "Help" section, which can be accessed through the website footer or the main menu of the application, provides detailed information about this neobank’s operation. There is a basic FAQs section that comprises extended explanations for each section, including fees and conversions, plus it has a dedicated calculator. In most cases, technical support response by mail or through the ticket system takes no more than 1-2 business days. On the forum, administrators and users respond faster.
The FAQs and forum support sections use multiple languages, including English, German, Spanish, Romanian, and some others. It is indicated under each branch which languages are used to communicate. Bank customers are advised to regularly visit the news threads because all innovations and relevant information on working with the bank are published there first.
Social programs of Curve Bank
Curve Mobile Bank does not provide its customers with social programs, it does not participate in volunteer movements and is not a member of organizations that take an active social position. The neobank’s customers can independently implement such programs by cooperating on the Curve forum, where there are many topics, including those not related to the activities of the bank and the financial sector as such.
How to open an account at Curve Bank
Go to the homepage of the mobile banking website. On the left of the screen there are three links to the App Store, Google Play, App Gallery. You can go to stores directly from your mobile device, search for the Curve app, and download and install it. An alternative option is to click on any of these links on the main page of the site and enter a mobile phone number. A link to the application for your device will be sent to the entered number in SMS format.
If you downloaded the application directly, bypassing the site, after launching you must enter a phone number, and an account is linked to it. Then follow the instructions on the screen. The application will require some personal data, and at the final stage, you must send a photo or scans of identification documents. It could be, for example, a driver's license. On average, verification takes 48 hours.
Until the verification is completed, the application user is not a client of the bank and does not get access to its functions. By default, the Standard free tariff plan is automatically connected. The client can review the Black and Metal tariff conditions for their region at any time and choose the appropriate plan when convenient. If you still have questions, you can always contact technical support or create a topic on the forum.
Disclaimer:
Your capital is at risk. Via Curve's secure website. Your capital is at risk.
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FAQs
How does Curve Bank earn money?
The main income of Curve Bank is from commissions. You can learn the structure of commissions in detail on the bank's website.
How does Curve Bank protect its customers?
Curve Bank uses two-factor authentication, data encryption and other security methods.
Is it possible to check the statistics of expenses?
Curve Bank provides clients with extended statistics. You can study the detailed information about revenue receipts, expenses, split into different periods of time, etc.
Is it possible to make international payments through Curve Bank?
Yes. Curve Bank allows you to make payments between customers in different countries.
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