Skip to main content
Karat Banking supports multiple ways to send money Navigate to Banking > Move Money > Send Money to get started. Note: Transfer limits vary by account. You can view your current limits under Settings > Banking > Banking limits.
Karat Transfers allow you to instantly move funds between Karat Banking members at no cost. To send a Karat Transfer, search for the recipient using the phone number associated with their Karat account.
Image
ACH transfers are free and typically take 3 to 5 business days to complete.
Image
Wires are processed the same business day if initiated before 1:30 PM PT.Domestic wires are free for Karat Premium members and $20 per wire for Standard members.
Image
Karat Banking supports international outbound wire transfers in U.S. dollars (USD). You can send international wires directly from your dashboard.International wires cost $40 per transfer. This fee applies to all account tiers, including Karat Premium. You must have sufficient available balance to cover both the full wire amount and the $40 wire fee. If sufficient funds are not available, the wire cannot be processed.

​
How to send an international wire

1

Navigate to Send Money

Go to Banking > Move Money > Send Money and select International wire as the transfer method.
2

Select or add a beneficiary

Choose a saved beneficiary or add a new one. When adding a new beneficiary, you’ll need to provide:
  • Beneficiary type — select whether the recipient is an Individual or a Business
  • Recipient’s full legal name (up to 35 characters)
  • Recipient’s address (street, city, and country)
  • Receiving bank’s SWIFT/BIC code (8 or 11 characters)
  • Recipient’s bank account number
  • An optional routing number
After you add a new beneficiary, Karat automatically runs a compliance verification check. This typically completes within seconds, but in some cases may take additional time for manual review.Each beneficiary displays a verification status:
  • Verified — the beneficiary passed compliance checks and is ready to receive transfers.
  • Pending — verification is still in progress. You can still initiate a transfer, but it will be held until verification completes.
  • Disabled — the beneficiary did not pass compliance checks and cannot receive transfers.
Saved beneficiaries can be reused for future transfers. You can delete a beneficiary at any time, but existing beneficiaries cannot be edited. To update beneficiary details, delete the existing entry and add a new one.
3

Enter transfer details

Enter the transfer amount in USD and a description for the recipient (up to 140 characters). The $40 fee is shown before you confirm.
4

Review and confirm

Review the transfer details, including the recipient, amount, fee, and estimated arrival. Confirm to submit the transfer.
International wires typically take 1 to 5 business days to arrive. Actual delivery timelines may vary depending on the receiving bank and international clearing procedures.

​
What happens if a beneficiary is pending verification

If you send an international wire to a beneficiary whose verification is still pending, the transfer is placed on hold and appears under Processing (no action needed) in your activity table. Once the beneficiary is verified, the transfer is automatically submitted. No further action is required from you.If the beneficiary does not pass verification, any held transfers are canceled and the funds remain in your account.
International wires are sent in U.S. dollars only. Currency conversion, if applicable, is handled by the receiving bank. The $40 wire fee is charged separately from the transfer amount.
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.