Banking fees

Karat Banking is designed to be simple and transparent. We do not charge hidden fees, and we do not allow overdrafts. Transfers or purchases that would result in a negative balance are automatically declined. Because overdrafts are not permitted, we do not charge overdraft fees.

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Deposits

We do not charge fees for making deposits. Transaction limits may apply depending on the type and frequency of transfers.

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Withdrawals & transfers

Fees may apply depending on the transfer method.

• Domestic outbound wire: $20 per wire (waived for existing Karat Premium subscribers)
• International outbound wire: $40 per wire

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Karat Premium

Karat Premium is no longer available to new customers. Existing subscribers keep their current pricing and benefits, including free domestic wires and Karat Bookkeeping, until they cancel.

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International transaction fee

A 1% transaction fee applies to any ATM or point-of-sale (POS) transaction conducted outside the U.S. or online transactions conducted with a merchant outside the U.S. _{Karat is a fintech company, not an FDIC-insured bank. Banking and Card services provided by Grasshopper Bank, N.A., First Internet Bank of Indiana, and Cross River Bank, Members FDIC.}