Is Curve safe?
Curve understands how important your accounts are and as a result prepares to protect them from any forces working to compromise them. Rather than being password protected, Curve sends you an email every time you make a login request, adding another step to your account’s security.
All the data on the app is encrypted and in line with industry standards.
Pros and cons of Curve
- Account can be set up in 20 minutes or less.
- Bank card provided on registration.
- A complete record of your spending over multiple accounts.
- Spending history can help you to save money.
- Cashback rewards from retailers.
- Safe and secure.
- Registered with the PRA and FCA.
- curve card : Get £5 added to your card
- Limits on spending and withdrawals.
- Lack of face-to-face contact when banking.
- curve card doesn’t provide anything more than a business or personal current account.
- Long queue times means it can take a while for your account to be fully set up.
Using Curve abroad
curve card makes itself useful on holiday in a handful of ways. As mentioned already, Curve keeps a record of your card balance, allowing you to check your budget at any time.
As well as this, you always have a record of your spending to make sure you don’t go over your holiday budget. Curve also allows you to add foreign currency cards and offers fairly low exchange rates to help you get away.
Curve fees, limits and pricing
curve card offers reasonable rates on both their business and personal accounts, with the opportunity to earn privileges on your account after risk checks and a spending history has been established:
- Setting up a Curve account is free, apart from a £1 charge to verify your identity, which is then refunded. There are no charges for adding new cards.
- There are no additional fees when using your Curve Mastercard in the UK: it costs nothing to withdraw, transfer or deposit money.
- Using Curve abroad is also fee-free on weekdays, but it’s charged a 0.5% fee during the weekend. Curve uses the wholesale interbank rate for currency exchanges.
- You can withdraw up to £200 from foreign ATMs without paying a fee. Withdrawals cost £2 or a 2% fee after that.
Limits are fairly generous and, as mentioned above, can be raised after a certain amount of time and activity. Business and personal accounts share standard starting limits:
- £2,000 daily spending limit. £5000 monthly and £10,000 over the year.
- £200 daily withdrawal limit, and a 2% charge on any extra withdrawals that day.
The “enhanced limits” for business and personal accounts are:
- £3,750 daily spending limit, £20,000 per month and £50,000 per year.
- You may withdraw £1000 per day with the charge still active for anything over that limit.
For Curve Prepaid business accounts:
- You can spend £5000 per day, £15,000 monthly and £50,000 over the course of the year.
- There is a £500 withdrawal limit per day, with a charge still in place.