There are no hidden fees with Karat Banking. We don’t charge overdraft fees(we can’t). There may be fees associated with a Karat Premium subscription.
You can check out the differences between Karat Premium and Karat basic here: What is the difference between Karat Banking and Karat Premium?
And our transaction fees for deposits, withdrawals, or transfers here: Are there transaction fees for deposits, withdrawals, or transfers?
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.