Switching banks can feel like a big step, but we’ve got you covered with this simple to do list to make your transition smooth!
Open Your New Bank Account with Karat
Apply at trykarat.com
Once approved, you'll receive an update via text and email.
Fund your Karat banking account in your dashboard at app.trykarat.com/signin by clicking 'Add Money'.
You can start using your virtual card right away while you wait for your new card!
Switch over any Auto-Payments and Deposits. For a more comprehensive instruction on how to do this, check out: [LINK SUBSCRIPTIONS DOC after title is updated: Switching Your Subscriptions to Karat
Direct deposits (e.g. payroll, brand payouts, etc).
Automatic bill payments (business services, utilities, subscriptions, etc).
Linked services (PayPal, Venmo, Cash App, etc.).
Move Your Money
Transfer over any balance you don’t want to keep in your old account.
Keep enough in your old account to cover pending transactions.
Switch Direct Deposits
Update any client or brands that use direct deposit with your new bank info.
Update Bill Payments & Subscriptions
Utilities (gas, electric, water)
Rent or mortgage
Insurance
Streaming services
Credit cards
Any other recurring payments
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 12/11/25 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.