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Connecting your bank account is a required step in the application process. It allows us to evaluate your business activity, determine an appropriate spending limit, and set up repayment.

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Connecting through Plaid

We use Plaid to securely connect your bank account during the application process. Plaid is a financial technology platform used by companies such as American Express and Venmo to authenticate and verify bank accounts. You can learn more at Plaid.com. When you connect through Plaid:
  • We can review account balances and transaction history
  • We can assess your cash flow in real time
  • We can enable direct debit repayment
  • We can proactively reassess your limit as your business grows
Karat does not receive or store your bank login credentials. Because Plaid provides real-time updates, it allows us to set and adjust your spending limit more accurately, often without requiring additional documentation.

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ACH connection (alternative)

You may also connect your account using an ACH link by entering your routing and account number. An ACH connection allows us to: pull funds for repayment. However, ACH does not provide access to real-time balances or transaction history. If you request a limit increase while connected via ACH, we may require bank statements to evaluate your request.

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Linking additional accounts

You can connect additional bank accounts at any time. To add another bank account:
  1. Log into your Karat account
  2. Navigate to Settings > Connections
  3. Under Bank Accounts, select Add another bank
  4. Follow Plaid’s instructions to complete the connection
If your revenue flows across multiple accounts, linking them can:
  • Provide a more complete picture of your business activity
  • Strengthen your application
  • Support higher spending limits
  • Reduce the need for manual documentation

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Troubleshoot bank linking

If your bank should be supported by Plaid but fails to connect:
  • Try reconnecting at a later time
  • Consider using an ACH link instead
If the issue persists, contact our team and we’ll help troubleshoot and advise on the best next step. Karat is a financial technology company, not a bank. Banking services provided by Grasshopper Bank, N.A., Member FDIC. The Karat Visa® Business Credit Card is issued by Cross River Bank, Member FDIC, and pursuant to a license from Visa️ USA.