Skip to main content

Who is eligible for Karat Banking?

Karat Accounts avatar
Written by Karat Accounts
Updated this week

Any creator business is eligible to apply for Karat Banking.

Not incorporated? Not a problem! With Karat Banking you can apply as an individual, unincorporated business.
​
​
​
​

Karat is a financial technology company and not a bank. Banking services provided by Grasshopper Bank, N.A., member FDIC.

Karat perks including offering APY rewards on deposits are offered by Karat. The advertised rates are effective as of 4/18/25 and are subject to change. See Deposit Account Agreement Disclosures (trykarat.com/deposit-account-agreement-disclosures) and Karat Premium Terms of Service (trykarat.com/karat-premium-terms-of-service) for details.

Did this answer your question?