Who can create accounts
Only organization admins can create additional checking accounts. Team members with other roles can view and transact from accounts they have access to, but cannot create new ones.Creating a new checking account
- Go to Banking and click Create account next to the Move Money button.
- Enter a name for the account (up to 24 characters), such as “Operations” or “Marketing.”
- If you have Automatic Tax Planning (ATP) enabled, choose whether income deposited into this account should be included in your tax savings allocation.
- Click Create account.
Navigating between accounts
Your Banking dashboard includes an Overview that shows the combined balance across all accounts, along with a list of each account and its individual balance. Click any account to see its transactions, cards, and details. Each account view includes the same tabs you see on the main Banking page, including statements and cards associated with that account.Funding a specific account
When you add money through Move Money > Add money, you can choose which checking account should receive the funds. If you have more than one checking account, you’ll be prompted to select the destination before completing the transfer. You can also set up direct deposits to any of your accounts using the account and routing numbers shown on the individual account page.Transferring between accounts
To move funds between your checking accounts (or between a checking account and your ATP account), go to Banking > Move Money > Send Money > Internal Transfer. Select the source and destination accounts, enter the amount, and confirm. One-time internal transfers are processed immediately. You can also schedule an internal transfer to repeat on a recurring cadence. On the amount step, toggle Make this a recurring transfer and choose a frequency, first transfer date, and end condition. The confirmation step shows a schedule summary before you submit. Recurring internal transfers are managed alongside your other recurring transfers under Settings > Banking > Manage recurring transfers. See Transfer funds between Checking and ATP and Manage recurring transfers for details.Cards and accounts
Banking Cards are linked to a specific checking account. When issuing a new card, you choose which account the card draws from. Each card’s spending is reflected in the transactions of its associated account.Automatic Tax Planning with multiple accounts
If you have ATP enabled, you can choose which checking accounts contribute to your tax savings. When creating a new account, select whether to include it in ATP. You can also update which accounts are included when adjusting your ATP settings.Closing a secondary checking account
Organization admins can close any secondary checking account directly from the dashboard. The primary checking account cannot be closed from this flow: closing your entire Karat Banking account is a separate process. See Closing your Karat account for that workflow.Before you close
The account balance must be $0.00 before it can be closed. Transfer any remaining funds to another checking account, your ATP account, or an external account first.How to close the account
- Go to Banking and select the secondary checking account you want to close.
- In the Account info card, click the ⋯ (Account actions) menu in the top-right corner.
- Select Close account.
- Review the confirmation, then click Close account to confirm.
What happens after close
- The closure is permanent and cannot be reversed.
- You are redirected to your primary checking account.
- The closed account is hidden from your Banking navigation, the account switcher, and the list of destinations available for internal transfers and incoming funds.
- Historical transactions for the closed account remain available in your statements and exports for your records.