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Scale your startup

Earn up to 2.25% APY and 1% cash back. Plus, no monthly fee and unlimited transactions. Open an account in little as 5 minutes today.1

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Startups

Forward-thinking featuresChecking designed to drive your business forward

  • Easy Digital Account Opening

    Apply online in as little as 5 minutes from any device - no lines, no hassle.

  • 24/7 Online & Mobile Banking

    Powerful digital banking at your fingertips.

  • Earn up to 2.25% APY

    Earn 2.25% APY on balances of $25,000 to 250,000. Earn 1.51% APY on balances up to $25,000 and on balances greater than $250,000. 2

  • Rewards Debit Card

    Receive a free VISA debit card and earn unlimited 1% cash back on online and signature based purchases.

  • Unlimited Transfers

    Flexibility to move money when you need it with free ACH and incoming wires.

Get Started

Access powerful digital tools anywhere, anytime

  • Make and schedule payments anytime anywhere with online business bill pay.

  • Send personalized invoices directly to your customers inbox and help expedite getting paid.

  • Generate reports, reconcile transactions with Autobooks accounting or seamlessly integrate with Quickbooks or your preferred accounting software.

  • Stay up to date on incoming, coming due and past due customer payments.

  • Manage users, set permissions by user, create approval workflows and establish security measures.

  • Deposit a check in seconds by taking a photo. Unlimited check deposits, always free of charge.

Pay bills seamlesslySend digital invoicesAutomate BookkeepingManage cash flowSecure and in controlDeposit Checks Instantly

Personalized solutions and support to scale your business at any stage

  • Growth Stage Lending Solutions

    We work with you to identify lending solutions that fit your unique business needs at any stage.

  • Strategic Support

    As a partner for your journey, we work with you to help navigate the many fundraising and qualifying investors, practice your pitch for funds or potential sales targets, and are here to support you to surpass your business goals.

  • Office Hours with Industry Experts

    We hold office hours to use our industry expertise to assist you with accelerator applications, pitch practice and deck reviews.

Want to learn more about our lending solutions built for startups?

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grasshopper debit card mobile

Meet the Grasshopper Business Debit Card

  • Convenient Payment Options

    Make secure purchases online or in-store with a tap, swipe or from your mobile wallet with your Grasshopper debit card.

  • 24/7 Access to Your Money

    Fee-free withdrawals at 37,000+ MoneyPass and 8,500+ SUM ATMs nationwide.

  • Earn Unlimited Cash Back

    Get 1% cash back on online and in-store signature based purchases.

  • Instant-Issue Virtual Debit Cards

    Create and issue virtual debit cards instantly. Utilize these virtual debit cards for in-person contactless payments or online purchases.

  • Digital Card Controls

    Elevated security allows you to lock and unlock your card in seconds.

Fintech BaaS Hero

Modern APIs and digital solutions to power your fintech

Leverage our innovative platform and experienced team for all your corporate and end-client banking needs.

BaaS
API Banking

Unlock your ability to scale efficiently

Grasshopper’s API connections enable businesses to benefit from an innovative, industry-leading digital banking solution.

API Banking
VC-PE

Solutions designed to propel your firm forward.

Flexible financing solutions, secure operating accounts, powerful treasury management tools, and dedicated support designed for all stages of the fund lifecycle and unique needs of your firm.

Venture Capital & Private Equity

Want to learn more about our solutions for Startups?

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© 2024 Grasshopper Bank, N.A. | Member FDIC. Equal Housing Lender | All rights reserved

1. Cash Back rewards offer 1.00% cash-back on all Qualified Purchases made by eligible Innovator Business Checking account holders. To qualify for the Cash Back reward of 1.00% cash-back in an Innovator Business Checking account, account holders must meet all requirements and a transaction must be deemed as a Qualified Purchase. Clients are required to maintain an average balance of $10,000 or more within the calendar month in their Innovator Business Checking account and the account must remain open, active, and in good standing to participate in the program, meaning: No NSF (non-sufficient funds) items during the preceding twelve calendar months. Grasshopper Bank reserves the right to modify the description of “good standing” at any time.

Qualified Purchases are signature-based purchases made with a Debit Card from an Innovator Business Checking Account. To make a signature-based purchase, select “credit” rather than debit at point-of-sale kiosks. The “credit” option is most often pre-selected when making purchases online using a debit card. Online subscription payments may not be considered signature-based purchases. The payment transaction type (signature-based or other) is ultimately decided by the merchant and how the transaction is transmitted to Grasshopper Bank at the time of processing. We reserve the right to determine if a transaction was a Qualified Purchase, and to establish additional types of Qualified Purchases that could be made available in a variety of ways. Any goods or services purchased with the Debit Card issued by Grasshopper Bank that are returned or otherwise credited to the account are not qualified purchases. Unlawful purchases and purchases of currency, cash or cash equivalents (including, without limitation, currency from the U.S. Mint, Travelers Cheques, gift cards, Cryptocurrency, Casino Chips, Peer to Peer Payments, prepaid debit cards, account openings, loan payments, or other cash equivalents) made with a Debit Card issued by Grasshopper Bank are not Qualified Purchases. We may require documentation to validate that certain purchases are Qualified Purchases. If you or the Bank closes the account for any reason before the end of the statement cycle, you will forfeit all rewards accrued through your linked Debit Card during that statement cycle.

Important Tax Information
The value of this reward may constitute taxable income and may be reported to the Internal Revenue Service as miscellaneous income to the first signer on the account, in the year received, as required by applicable law. Offer is limited to clients who are citizens of the United States that furnish or have a valid Form W-9 on file and the account must not be subject to backup withholding.You may be issued an Internal Revenue Service Form 1099 (or other appropriate form) to you that reflects the value of such reward. Please consult your tax adviser, as Grasshopper Bank does not provide tax advice.

2. Annual Percentage Yield (APY) is accurate as of 3/27/2023. The minimum amount to open an account is $100.00. Rate tiers are as follows: 1.51% APY applies to balances of $0.01—$24,999.99 and $250,000.01 and up.  2.25% APY applies to balances of $25,000-$250,000.  Rates may change after the account is opened. Fees may reduce earnings. The national average interest rate for interest checking is 0.04% APY – source: www.fdic.gov.

Grasshopper Bank reserves the right to modify or discontinue this program for any reason without notice, except as otherwise expressly indicated.
For full terms and conditions about our products and services, please refer to the Master Service Agreement.

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