Transfer time will vary by transfer method.
The fastest method is via Karat Transfer, which allows you to instantly transfer money between members of Karat Banking for free. Karat Banking also supports free ACH transfers, which take 3-5 business days to complete, as well as wires, which are processed in the same business day if initiated before 4:30 PM ET. Wires are free with Karat Premium Banking and cost only $20 per transfer with Karat Banking.
See the Deposit Account Agreement Disclosures for more information.
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.