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The Transfers tab lets you add money to your Karat checking account and send money to others.

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Add money

To deposit funds into your Karat account from a linked bank:
1

Open the Transfers tab

Tap Transfers in the bottom navigation.
2

Tap Add money

Select Add money to open the deposit flow.
3

Select a bank account

Choose from your linked bank accounts. If you haven’t connected a bank yet, tap Add new account to link one through Plaid.
4

Enter amount and confirm

Enter the amount you’d like to transfer, review the details, and confirm.
You can also view your Karat account details (account number and routing number) to set up deposits from other banks manually.

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Send money

The app supports three ways to send money:
Send money instantly to another Karat member at no cost. Search for the recipient by their phone number or email. You can also choose from your recent recipients.
Send an ACH payment to any U.S. bank account. ACH transfers typically take 3–5 business days. Search for an existing recipient or add a new one with their name, routing number, and account number.
Send a domestic wire transfer that arrives within 1 business day. The same recipient setup applies as ACH. Wire transfer fees may apply depending on your subscription plan.
For all transfer types, you’ll follow these steps:
  1. Select the transfer type
  2. Search for or add a recipient
  3. Enter the amount
  4. Review the transfer details and fee (if applicable)
  5. Confirm and send
A success screen confirms when your transfer has been submitted.

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Pending transfers

The Transfers tab also shows any pending money movements, including incoming and outgoing transfers that haven’t settled yet. 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.