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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.
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ACH transfers are free and typically take 3 to 5 business days to complete.
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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.
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Karat Banking supports international outbound wire transfers in U.S. dollars (USD). International wires must currently be initiated through our team.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.

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How to request an international wire

To initiate an international wire, contact us and provide:
  • Recipient’s full legal name
  • Recipient’s address
  • Receiving bank’s SWIFT/BIC code
  • Recipient’s bank account number
  • Payment amount (USD)
  • Payment description (visible to recipient)
  • Purpose of payment
Our team will review your request and confirm once it has been submitted. In some cases, additional documentation (such as an invoice or contract) may be required before processing.International wires are processed once all required information is received and reviewed. Delivery timelines may vary depending on the receiving bank and international clearing procedures.Note: 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.