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To begin using your Karat account, you’ll need to fund your Checking account. From your dashboard, go to Banking > Move money > Add money. This will open your available funding options. Your account and routing numbers are available on your Banking homepage. If a bank name is required, use Grasshopper Bank N.A.
If you’ve already connected an external bank account through Plaid, the fastest way to transfer funds is to use that connection.Under Using a connected bank account, select the bank you’ve linked, enter the amount, and confirm the transfer.Transfers initiated through a connected bank typically take 1 to 3 business days to fully settle.If you haven’t linked a bank yet, you can select Link your checking account and follow the Plaid flow to securely connect your external account.
You can also move funds into Karat by initiating a transfer from your external bank using your account and routing numbers.Under Account Info, you’ll see your account number and routing number.You can provide these details to your external bank to push funds into your Karat Checking account.ACH transfers typically take 1 to 3 business days to process, depending on the sending bank.
For larger or time-sensitive transfers, you can use a wire transfer.Under Account Info, you’ll see your account number and routing number.Wires sent before the sending bank’s cutoff time are usually received the same business day. Wires sent after cutoff are typically received the following business day.
You can use your account and routing numbers to receive recurring deposits from platforms, payroll providers, or payment processors. See here for instructions for creator platforms. Once set up, funds will automatically be deposited into your Checking account on the scheduled payout date.
If you use Karat Invoicing, client payments are deposited directly into your Checking account once processed.
Anyone with a Karat Banking account can also send you funds instantly through a Karat transfer. 

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Processing times and availability

Processing times vary depending on the deposit method. While wires are typically the fastest option, ACH transfers may take several business days to fully settle. In some cases, funds may not be immediately available for outgoing payments until fully processed. If you’re expecting a deposit and don’t see it, confirm:
  • The payment was sent using the correct details
  • The sending bank’s cutoff time
  • The expected processing window
Karat is a financial technology company, not a bank. Banking services provided by Grasshopper Bank, N.A., Member FDIC. The Karat Visa® Business Credit Card is issued by Cross River Bank, Member FDIC, and pursuant to a license from Visa️ USA.