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The digital bank of choice for high-growth startups

Earn yields up to 5.3%1, unlimited interest & 1% cash back.2 Plus, a $500 cash bonus.3

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Banking that matches your ambition

From first steps to big leaps, your startup deserves a solution as bold and dynamic as the ideas you're building.

  • Accelerator Checking

    Secure operating accounts with powerful digital tools, earning up to 1.35% APY4, unlimited 1% cash back, free ACH and domestic wire transfers6, fee-free transactions, and no monthly or overdraft fees.

    Open an Account

  • Accelerator Savings

    High-yield savings account built for founders looking to set aside capital, optimize runway, and prepare for the next stage of growth with up to 3.00% APY5, unlimited transfers, and no monthly fees.

    Open an Account

  • High-Yield Treasury

    Portfolios build specifically for Grasshopper startup clients, with target yields up to 5.3%, same-day withdrawals, and $75M SIPC protection to safeguard your funds.

    Learn More

Digital-first approach Powerful digital tools to move your business forward, anywhere

  • Securely connect your external accounts and get a complete view of how your startup is spending, saving, and earning across all your business bank accounts.

  • Create and issue virtual debit cards for trusted employees or for use by teams, earning unlimited 1% cash back.

    Phone with card and UI flyouts

  • Leverage AI safely, efficiently, and at scale with our award-winning, MCP-based AI Connector, now supporting Claude and ChatGPT.

  • Connect to Quickbooks, Autobooks, Xero (Beta) or your preferred accounting software to streamline your bookkeeping.

  • Transfer funds between accounts, send instant transfers externally, or initiate a domestic or international wire—all from one place.

  • Make and schedule payments from any device— via check or ACH—using Business Bill Pay.

  • Deposit a check in seconds by taking a photo via our Business Banking app.

  • Manage users, set permissions, create approval workflows, and implement security controls to maintain oversight of your accounts.

    Secure and in control
Phone with card and UI flyoutsSecure and in control

Less hassle, more flexibilityBuilt for how startups move money

Send, receive, and manage payments with the speed and flexibility startups need to scale.

  • ACH Payments

    Make or schedule one-time and recurring ACH payments for free from any device.

  • Instant Payments

    Move funds between eligible accounts at particiapting banks in seconds via the FedNow network.

  • Check Payments

    Pay vendors, contractors, and other payees by issuing physical checks and managing them through Bill Pay.

  • Wire Payments

    Send funds across the U.S. instantly with free when you maintain an average balance of $25,000 or more.

  • International Payments

    Initiate foreign wires and move money across borders with ease for 2x less than the average U.S. bank.

Adaptable Card Solutions

  • Rewards Debit Card

    Make secure purchases online or in-store with a tap or swipe and receive unlimited 1% cash back on eligible purchases.

  • Instant-Issue Virtual Cards

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

  • Team-Based Card Management

    Issue virtual debit cards to trusted employees or for use by teams with custom limits and merchant or category restrictions.

  • Enhanced Card Controls

    Activate, change your PIN, or lock and unlock your debit card in seconds from any device.

  • Corporate Cards

    Manage and control spend globally with Ramp corporate cards, customizable approval flows, and more. ➜

How to Earn a $500 Cash Bonus

With Grasshopper, you gain access to award-winning digital-banking tools, seamless integrations, and exclusive perks built to support the way modern businesses bank, spend, and grow. Plus, getting started has never been more rewarding.

  1. Open an Account

    Open an Accelerator Checking or Accelerator Savings account using promo code TWIST by June 30, 2026.

  2. Fund Your Account

    Fund your new deposit account with $10,000 or more within 30 days of account opening.

  3. Maintain a $10K Average Balance

    Maintain an average daily balance of $10,000 or greater for at least 90 calendar days after account opening.

Join Grasshopper

We are GrasshopperWhy partner with us

Grasshopper combines the best of banking technology and years of industry expertise to deliver financial solutions, trusted security and unparalleled support to propel businesses forward.

  • Enhanced FDIC Insurance

    Access enhanced FDIC insurance up to $125 million to safeguard your funds beyond standard coverage limits.3

  • Top-Notch Security

    Safeguard your data and funds with advanced security, real-time transaction monitoring, and bank-level encryption.

  • Dedicated Support

    Real humans with real expertise dedicated to giving your business the personalized attention it deserves.

Partners & Perks

We take a partnership approach to helping our clients achieve their goals. Along with the powerful digital tools we provide, startup clients gain access to specialized programs and exclusive offers from industry leaders in our marketplace.

Browse Perks
API Banking

Unlock your ability to scale efficiently

Modern, APIs designed to streamline your financial operations and provide the flexibility and reliability you need to stay ahead in a competitive market.

Learn More

Innovative Banking-as-a-Service Platform

Award-winning BaaS platform and experienced team to help you get to market quickly. for all your corporate and end-client banking needs.

Learn More

Award-Winning Digital Banking Solutions

Best Use of Tech in Business Banking

Banking Tech Awards USA 2025

Best Use of Tech in Business Banking

Banking Tech Awards USA 2024

Best Risk Implementation

IBSi Global Fintech Innovation Awards 2024

Innovation in Integration

Narmi Innovation Awards 2024

Best Use of Tech in Business Banking

Banking Tech Awards USA 2023

Frequently Asked Questions

  • Accelerator Checking is available to all startup companies that are in growth mode—whether you plan to raise growth capital, have already secured funding from investors, or are actively scaling. 

    To open an account, you must be 18 years of age or older and a U.S. citizen or permanent U.S. resident with a verifiable address in one of the 50 states or District of Columbia. U.S. Territories, including Puerto Rico, are ineligible. Other restrictions may apply.

    For full terms and conditions, please refer to our Regulated & Specialized Activities Guidelines.

  • Many banks offer the option of opening a bank account online or in person. Whatever process you choose, the documentation needed is generally the same. Below you will find a list of information that you will need to provide to open an Accelerator Checking Account.

    Company Information
    • Type of legal entity
    • Legal name of entity
    • EIN/Tax ID number
    • State of Registration
    • Month/year established
    • Company phone number
    • Company description
    • Company address
    Applicant Information
    • Legal name
    • Job title
    • Ownership %
    • Physical Address
    • Email address
    • Phone number
    • Date of birth
    • SSN/Tax ID number
    Owners/Authorized Signers/Control Person
    • Legal name
    • Job title
    • Ownership %
    • Email address
    • Physical address
    • Phone number
    • Date of birth
    • SSN/Tax ID number

    Beneficial owner information will be required for each individual who owns 25% or more, directly or indirectly, of the company.

  • When opening an Accelerator Checking account, we will ask for a minimum deposit of $100. Initial funding deposits are provided by manual ACH or linking to an external account at another financial institution via Plaid.

    Once you’ve been approved and the account is open, the funds for your initial deposit will be made available within 5 business days beginning on the first day that the funds are posted to your account. Although an initial funding deposit is required to open an account, there are no monthly fees or minimum balance requirements.

    For more information, please refer to our Accelerator Checking Fee Schedule.

  • To maximize your earnings potential, we recommend leveraging the Accelerator Product Suite. Accelerator Checking offers a tiered APY structure based on your balance:

    1.00% APY for balances between $0.01 and $24,999.99
    1.35% APY for balances between $25,000 and $250,000
    1.00% APY for balances above $250,000.01

    However, to truly maximize your earnings, aim for a balance of $25,000 or more in your Accelerator Money Market Savings Account, which qualifies for a competitive rate of 3.00% APY. By leveraging the Accelerator Product Suite, you can make the most of your funds while enjoying the flexibility of both accounts.

    Note: Rates may change after the account is opened, and fees may reduce earnings.

  • One of the benefits of choosing Grasshopper as your primary financial institution is that you can avoid the hidden fees that are often associated with traditional banking.

    When opening an Accelerator Checking account, we do require a minimum deposit of $100. However, there are no monthly fees or minimum balance requirements once the account is open.

    For more information, please refer to our Accelerator Checking Fee Schedule.

  • As a digital-first bank, we provide powerful digital tools to easily deposit checks from your mobile device. We do not offer cash deposits at this time.

    For more information about manual check processing or assistance with mobile check deposit, please reach out to Client Services.

Move fast. Scale faster.

Open an account in minutes.

Start Now

© 2026 Grasshopper Bank, N.A. | Member FDIC. Equal Housing Lender | All rights reserved

1. Target yield estimates are calculated weekly as of 3/4/26 and are calculated solely by Waldo using the weighted average of the published SEC 30 day yield of the underlying securities less anticipated fees and assume an account value over $10,000,000 and an associated 0.1% management fee. Actual yield may vary. To qualify, clients must have an active Accelerator Checking account in good standing and maintain a minimum aggregate balance of $250,000 across eligible Grasshopper deposit accounts, which currently include Accelerator Checking and Accelerator Savings. Grasshopper reserves the right to modify eligibility requirements at any time without prior notice.

2. Cash Back rewards offer 1.00% cash-back on all Qualified Purchases made by eligible Accelerator 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 Accelerator 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 Accelerator 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.

3. This promotion is non-transferrable and limited to one offer per new Grasshopper Bank client. (“New Client”) You are not eligible for this offer nor a New Client if you were an owner of an authorized signer on any Grasshopper Bank account within the last twelve (12) months. New Clients must be (i) at least 18 years old; and (ii) a legal resident of the 50 United States or Washington, DC.  Employees of Grasshopper Bank as well as the immediate family members (spouse, parents, siblings, and children) and/or household members of each such person are not eligible.  Only one Grasshopper Bank account bonus ($500) offer per business owner or authorized signer, regardless of the number of businesses owned or operated by the client.

Promotional Terms and Conditions

Conditions and Promotional Period: To receive the bonus associated with this promotion, New Clients must meet the eligibility criteria outlined in the preceding section and 1) apply for and open an Accelerator Checking or Accelerator Money Market Savings Account (“Account”) using a bonus offer code between 12:00:00 AM EST on March 15, 2026 and 11:59:59 PM EST on June 30, 2026; 2) fund their Account with $10,000 or more within thirty (30) days of account opening; and 3) Maintain an average daily balance of $10,000 or greater during the Maintenance Period**. 

**The Maintenance Period begins thirty-one (31) calendar days after account opening and ends ninety (90) calendar days after account opening.

Notification: If a New Client meets all of the eligibility requirements and conditions of the promotion, Grasshopper Bank will deposit the bonus into their Accelerator Checking or Accelerator Money Market Savings Account by the fifteenth day of the month that follows the month in which the last requirement was met, which is defined as the end of the Maintenance Period,  provided that the account is not closed or locked.

Limitation of Liability: Grasshopper Bank and its respective officers, directors, employees, representatives and agents shall have no liability and shall be held harmless by participants for any damage, loss or liability to persons or property, due in whole or part, directly or indirectly, because of the acceptance, possession, use or misuse of prize or participation in this promotion. Grasshopper Bank reserves the right in its sole discretion to modify or end the promotion at any time and exclude any participant for any reason, including suspected fraud, misuse, or other misconduct. It may also terminate any Grasshopper Bank accounts you may have with us. Grasshopper Bank also reserves the right to reverse the bonus if a New Client closes their account within 150 days of opening it.

Miscellaneous: The bonus associated with this promotion is considered interest and will be reported on IRS Form 1099-INT. You are responsible for any federal or state taxes resulting from the promotion. Please consult your tax advisor if you have questions about tax treatment.

4. Accelerator Checking Annual Percentage Yield (APY) is accurate as of 11/03/2025. The minimum amount to open an account is $100.00. Rate tiers are as follows: 1.00% APY applies to balances of $0.01—$24,999.99. 1.35% APY applies to balances of $25,000-$250,000. 1.00% APY applies to balances of $250,000.01 and above. Rates may change after the account is opened. Fees may reduce earnings.

5. Accelerator Money Market Savings Annual Percentage Yield (APY) is accurate as of 01/05/2026. The minimum amount to open an account is $100.00. Rate tiers are as follows: 1.55% APY applies to balances of $0.01—$24,999.99. 3.00% APY applies to balances of $25,000 and up. Rates may change after the account is opened. Fees may reduce earnings.

An average monthly balance of greater than or equal to $25,000 must be maintained wires charged in the month the balance requirement is met will be rebated in the following month.

6. Free outgoing domestic wire transfers are available for Accelerator Checking and Accelerator Savings accounts that maintain an average monthly balance of $25,000 or more. If the required minimum monthly balance is not maintained, applicable outgoing domestic wire fees will apply. The fee for outgoing domestic wire transfers for an Accelerator Checking and Accelerator Money Market Savings Account is $10. For more information, refer to the Accelerator Checking Fee Schedule and Accelerator Money Market Savings Fee Schedule.

7. By opening an Accelerator Checking or Accelerator Savings account you have access to Grasshopper’s ICS Deposit product. If you choose to open a ICS Deposit account through Grasshopper Bank N.A. you deposit your funds into a deposit account at Grasshopper bank which sweeps those funds into deposit accounts across a network of FDIC-insured banks, for up to the current SMDIA of $250,000 per eligible depositor, per destination institution, for each ownership capacity or category, subject to applicable terms and conditions of Grasshopper’s ICS Deposit Placement Agreement. A sweep network is a secure network of partner banks that allows us to strategically distribute your ICS Deposit balances. This way, your funds are held by multiple trusted, FDIC-insured banks within the network, and you can manage your finances more confidently, knowing that your deposits are protected up to $125 million instead of the standard limit of $250,000, subject to change at any time by Grasshopper. Terms and restrictions apply. Subject to applicable rate sheet. Interest rates and yields are effective as per the date on the rate sheet and are subject to change without notice. See applicable rate sheets. See our Account Agreements and other applicable terms. Grasshopper Bank, N.A. uses a third-party vendor and agent to help administer this sweep process. 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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