Klarna balance deposit account Rates & Fees
Effective as of: June 1, 2026
Published on June 1, 2026
The following may vary based on Klarna Membership Plan:
Effective until July 2, 2026
Klarna Membership Plan Tier* with Interest Rate Booster**
Membership Plan | Standard | Core | Plus | Premium | Max |
Minimum Balance | None | None | None | None | None |
Klarna Membership Plan Fees* | Free | $4.99/month | $9.99/month | $19.99/month | $44.99/month |
Interest Rates (V)** | 0.01% | 2.28% | 2.59% | 2.92% | 3.24% |
Annual Percentage Yield (V)** | 0.01% | 2.30% | 2.62% | 2.95% | 3.28% |
Effective on July 3, 2026
On and after July 3, 2026, the Interest Rate Booster will no longer apply. All Klarna balance accounts, regardless of Klarna Membership tier, will earn the following rate:
Membership Plan | Standard | Core | Plus | Premium | Max |
Minimum Balance | None | None | None | None | None |
Klarna Membership Plan Fees* | Free | $4.99/month | $9.99/month | $19.99/month | $44.99/month |
Interest Rates (V)** | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% |
Annual Percentage Yield (V)** | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% |
Card Replacement Fees (Klarna Membership required for a physical card)
If a customer requests a replacement card, the customer may be charged a card replacement fee. Physical card replacements will require an active Klarna Membership.
If a customer orders a metal card and then cancels their Klarna Membership within 6 months of sign up, they will be charged a fee for the cost of the Metal Card. This fee will be reduced by $8.00 per month. For example, if you cancel during your second month of membership, the fee would be $42.
Card Type | Plastic (Core and Plus) | Metal (Premium and Max) |
Card Replacement Fee | $8.00 | $50.00 |
Metal Card Fee at Cancellation | No fee | Cancel in: |
The following do not vary based on Klarna Membership Plan
Transaction Limits | Deposits to your Klarna balance
Withdrawals from your Klarna balance
Debit Card Spending: $5,000 daily |
Fees | A fee of 1.75% of the amount of transaction with a minimum fee of $0.25 for each transfer you make from your Klarna balance Account to an external bank debit card using our “Withdrawal by Push to Card” functionality |
*Klarna Membership Plans offered in partnership with WebBank for a monthly fee entitle Klarna balance Deposit Account holders to certain additional benefits. Cancel any time in the App. Exclusions, conditions, and limitations apply to membership benefits. Klarna Membership Plan Terms apply.
**Variable Rate: Annual Percentage Yield (APY) and interest rates are variable and subject to change at any time. Fees for Klarna Membership Plan may affect earnings.
The Interest Rate Booster ("Booster") is included in the "Rate %" and "APY %" shown above for the Klarna Membership Plan Tiers. The Booster is a variable percentage and is subject to change at any time. Rates will be rounded up to the nearest one hundredth of a percent (0.01%) and expressed to two decimal places.
The Booster applies only until July 2, 2026. On or after July 3, 2026, the Booster will no longer apply. The interest rate booster is only available to customers enrolled in a Klarna Membership Plan program. If your enrollment in the Klarna Membership Plan program is discontinued, the interest rate booster will be discontinued.
The Booster rate is subject to change and could go down:
2.27% for the Core tier
2.58% for the Plus tier
2.91% for the Premium tier, and
3.23% for the Max tier
An example of how the Booster works with hypothetical interest rates: If the Standard rate is 0.01% then the Plus rate would be the Standard Rate plus at least 2.58% or 2.59% (i.e. 0.01% plus 2.58% or 2.59%). See above for actual rates. Refer to the Klarna Membership Rewards Benefits Summary for additional details.
***Amounts may vary by customer.
Deposits in your balance account are held at WebBank, Member FDIC. Klarna is not an FDIC-insured bank and deposit insurance only covers the failure of WebBank. Your deposits in the balance account are eligible for pass-through deposit insurance coverage if certain conditions are satisfied. Funds may be made available to you before WebBank receives them (“early availability funds”); such early availability funds may not be FDIC insured until received by WebBank.