Managing multiple accounts in the mobile app - Karat Help Center

Viewing your accounts

The home tab shows your Karat balance, which is the combined available balance across every account in your organization (checking accounts and your Tax planning balance, if Automatic Tax Planning is enabled). Below the balance chart, the Accounts section lists each account along with its individual balance:

• Checking accounts display the account name (for example, “Primary” or “Operations”) and the last four digits of the account number.
• Your Tax planning account, if you have Automatic Tax Planning enabled, appears alongside your checking accounts.

Tap the Accounts header to expand or collapse the list.

Account details

Tap any account to open its detail screen, where you can:

• See the account’s available balance and a 30-day balance chart.
• View recent transactions for that specific account. Tap a transaction for the full breakdown.
• For checking accounts, tap Send to start a transfer from this account, or Pay card to pay your Karat credit card from this account.
• View, copy, or share the account number, routing number, owner name, and address.

Creating an additional checking account

Admins can create additional checking accounts directly from the app. Other roles can view and transact from accounts they have access to, but cannot create new ones.

1. Open the Accounts list
   On the home tab, expand the Accounts section.
2. Tap Create additional account
   The option appears at the bottom of the list when you have fewer than five accounts and your role allows it.
3. Name the account
   Enter a name up to 24 characters, such as “Operations” or “Marketing.” This name helps you identify the account throughout the app.
4. Choose ATP inclusion (optional)
   If your organization has Automatic Tax Planning enabled, choose whether income deposited into this account should be included in your tax savings allocation.
5. Tap Create account
   The new account appears in your accounts list with its own account and routing numbers, and you can start using it immediately.

Adding money to a specific account

When you have more than one checking account, the Add money flow asks you to choose which account should receive the funds before you pick the source bank and amount.

1. Tap Transfers
   Open the Transfers tab from the bottom navigation.
2. Tap Add money
   Select Add money to start a deposit.
3. Pick a destination account
   Choose which Karat checking account should receive the funds.
4. Pick a source bank
   Select the linked bank account you’re transferring from, or link a new one through Plaid.
5. Enter amount and confirm
   Enter the amount, review the details, and confirm.

If you only have one checking account, the destination step is skipped automatically.

Sending money from a specific account

When you have more than one checking account, every send flow (Karat transfer, ACH, and wire) starts by asking which account the money should come from. The selected account is used for the available-balance check and is shown on the review screen before you confirm. If you only have one checking account, the source step is skipped automatically.

Cards and accounts

Banking cards are linked to a specific checking account. Transactions made on a card appear under the account that funds it, and you can review them from that account’s detail screen. 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.