# It's Here.

## Karat Business Banking has arrived

Grace Lemire

June 03, 2025

Hey.

After 6 years of building Karat, we’ve finally launched the product we’re most excited about: **business banking for creators.**

This isn’t just another neobank with a fresh coat of paint.

This is banking built from the ground up to understand your irregular income, seasonal fluctuations, and unique business needs.

In today’s newsletter:

- Karat business banking
- An exclusive offer for you

## From Credit Cards to Complete Banking

This isn’t our first rodeo in creator finance.

Over the past six years, we’ve issued over $1.5 billion in credit through our Business Credit Card, solving real problems for creators like:

- William Osman (3M+ YouTube subscribers) who couldn’t get six figures in credit for his Open Sauce convention.  
  _We helped him get the funding he needed._
- Multi-million dollar creator businesses who had $100 purchases declined at department stores.  
  _We approved their transactions._

**But this work revealed a bigger problem.**

As our co-founder Eric Wei told [TechCrunch](https://techcrunch.com/2025/05/28/karat-financial-is-bringing-business-banking-to-creators/?utm_source=news.trykarat.com&utm_medium=referral&utm_campaign=it-s-here):  
Six years in, the problem we’re solving is still the same. **Creators are real businesses, and banks don’t understand them.**

## The Problem We’re Solving Now

There’s no need for creators to:

- Have accounts frozen because of ‘suspicious’ large deposits from brand deals
- Be denied banking because banks don’t understand creator income
- Get terrible customer service when they try to explain their business model

As our co-founders Will and Eric put it:

Building great creator banking requires unusually specific expertise in two very different domains—you have to deeply understand content creators and fintech simultaneously.

## Better Banking for Creators

We built what other banks couldn’t.

Here’s what makes Karat Banking different:

### Two Tiers to Fit Your Business

#### 1️⃣ Karat Standard Banking (Free Forever)

- FDIC-insured business checking account
- Automated tax planning
- Up to 1.00% APY on checking accounts
- Creator-focused customer support that understands your business model
- No monthly fees, no minimums

#### 2️⃣ Karat Premium Banking ($20/month - waived with $35k minimum balance)

- Everything in Standard, plus:
- 2.00-3.00% APY on checking accounts
- Free wire transfers
- Enhanced customer support
- AI bookkeeping (coming soon)
- Advanced analytics and forecasting

**Why checking accounts with high APY?** As Eric explains: We know creators actually keep a lot of money in their checking account because the industry is so unstable, so we pay meaningful APY on checking, which most banks actually don’t do.”  
_Why not earn interest on the money that sits in your account?_

[Sign Up for Banking](/content/?utm_source=news.trykarat.com&utm_medium=referral&utm_campaign=it-s-here/index.html)

### Creator-Specific Features Built from Experience

- **Automated tax-planning:** Set aside the right percentage for quarterly taxes based on creator income patterns.
- **Platform integration:** Connect your revenue streams for automatic categorization.
- **Expense tracking:** Built-in tools for tracking deductible business expenses, including creator-specific categories.
- **Real-time analytics:** Understand your cash flow patterns and seasonal trends.

### Exclusive Benefits and Bonuses

Banking with Karat unlocks exclusive discounts with creator-focused companies:

- **Epidemic Sound:** Music licensing for your content
- **ManyChat:** DM automation software to increase conversions
- **ViewStats:** Advanced YouTube analytics
- **Othership**: Immersive wellness and productivity services

## Backed by the Best

We didn’t build this alone. Karat Banking is backed by some of the biggest names in business and technology:

- **Steve Chen** (Co-founder, YouTube)
- **Kevin Lin** (Co-founder, Twitch)
- **Biz Stone** (Co-founder, Twitter)
- **Charlie Chang** (Entrepreneur and YouTuber, 1.3M+ subscribers)
- **Nick DiGiovanni** (Entrepreneur and Creator, 30M+ followers)

## Get Your $100 Early User Bonus* 💰

As a newsletter subscriber, you’re getting first access to Karat Banking. Here’s how to claim your early user bonus:

1. Comment BANKING on our [latest Instagram post](https://www.instagram.com/p/DKNU231hDtr/?img_index=1&utm_source=news.trykarat.com&utm_medium=referral&utm_campaign=it-s-here) or send us a DM.
2. Complete your application (takes about 5 minutes).
3. Make your first deposit and keep $10,000 in your account for 90 days.
4. Receive your $100 bonus!

[Get Better Business Banking](/content/?utm_source=news.trykarat.com&utm_medium=referral&utm_campaign=it-s-here/index.html)