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Can I send and receive money with Karat Banking?

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Written by Karat Accounts
Updated this week

Karat Banking supports traditional methods for easily sending money including ACH and wire transfers. We also offer free and instant transfers between Karat Banking members.



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.

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