Karat Banking is a high-yield business checking product for creators with FDIC insurance and no minimums.
Karat Banking is a high-yield business checking product built for creators and creator businesses. It offers high-yield business checking accounts with millions in FDIC insurance through partner banks, no minimum balances, and up to five sub-accounts so creators can organize money by purpose.
The product is part of Karat's all-in-one financial platform, which brings banking, credit cards, AI bookkeeping, accounts payable and receivable into a single dashboard for influencers, agencies, and SMBs. It is designed as the creator-focused alternative to traditional small-business business banking.
| Attribute | Karat Banking | Creator Bank | |
|---|---|---|---|
| Provider |  |  | |
| Founded | 2019 | 2020 | |
| Sells To | Small Business | Enterprise, Small Business | |
| Pricing Model | Recurring | Recurring, SaaS | |
| Ownership | Venture-backed | Venture-backed |
Provider
Founded 2019
Sells To Small Business
Pricing Model Recurring
Ownership Venture-backed
Provider
Founded 2020
Sells To Enterprise, Small Business
Pricing Model Recurring, SaaS
Ownership Venture-backed
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Fee-free online checking account with no monthly fees, no minimum balances, and access to 55,000+ free ATMs.
High-yield rewards checking with up to 4.00% APY when qualifications are met (e-statements, debit purchases, direct deposit).
Banking platform that connects small-business financial accounts to deliver cash flow and identity insights.
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