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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!
  1. 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!​
  2. Switch over any Auto-Payments and Deposits. For a more comprehensive instruction on how to do this, check out: 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.).
  3. 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.
  4. Switch Direct Deposits
    • Update any client or brands that use direct deposit with your new bank info.
  5. Update Bill Payments & Subscriptions
    • Utilities (gas, electric, water)
    • Rent or mortgage
    • Insurance
    • Streaming services
    • Credit cards
    • Any other recurring payments