Curve, which is regulated by the Financial Conduct Authority (FCA), is a digital banking app that allows its users to connect multiple bank cards into one. No money is added to the Curve app, therefore Curve is not covered by the UK Financial Services Compensation Scheme (FSCS), but instead the money always remains in the user’s chosen bank account and is still protected under the relevant depositor scheme applicable. As well as this, Curve will cover all debit and credit card payments for up to £100,000 with Curve Customer Protection.
Along with allowing users to connect multiple bank accounts into one app, Curve also offers its users a number of benefits, including 1% cashback from a choice of over 100 retailers, the ability to move purchases from one card to another up to 14 days after the payment has been made, and the removal of the user’s bank’s foreign spending fees when the Curve card is used abroad*.
Commenting on the offer Rachel Springall, finance expert at Moneyfacts.co.uk, said: “Consumers looking for new ways to earn a little extra could appreciate the perks that the Curve account provides and a free £10 is a great boost. Some consumers may be cautious about spending in light of the Coronavirus pandemic, but the Curve app will notify them of their purchases so they can keep on top of their spending. Once consumers start to travel, the Curve card could be useful to avoid expensive transaction fees they may have otherwise been charged on a typical debit card.”
*Terms and conditions apply with the incentives.
