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Happy National Small Business Month! To the ones who took the leap—and keep going—this month is for you.

Start your journey with Grasshopper

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Account Options

  • Accelerator Checking

    Secure operating accounts with powerful digital tools for early stage companies seeking to raise capital, scaling for growth, or funded by institutional investors.

    • Up to 1.35% APY
    • Unlimited 1% cash back
    • Unlimited fee-free transactions
    • Free domestic ACH & wire transfers
    • FDIC insurance coverage up to $250,000
    • Enhanced FDIC insurance up to $125 million
    • No monthly or overdraft fees
    • $100 minimum opening deposit

    Apply online in minutes and start accessing your funds, earning APY, and using our digital tools immediately.

    Open an Account
  • Accelerator Savings

    High-yield savings account built for venture-backed startups. Perfect for founders looking to set aside capital, optimize runway, and prepare for the next stage of growth.

    • Up to 3.00% APY
    • Unlimited fee-free transactions
    • Free domestic ACH & wire transfers
    • FDIC insurance coverage up to $250,000
    • Enhanced FDIC insurance up to $125 million
    • No monthly maintenance fees
    • $100 minimum opening deposit

    Apply online in minutes and start accessing your funds, earning APY, and using our digital tools immediately.

    Open an Account

Frequently Asked Questions

  • Treasury accounts are only available to Grasshopper clients, you must meet the following eligibilty requirements:

    • Have an active Accelerator Checking account in good standing
    • Maintain a minimum combined balance of $250,000 across eligible Grasshopper deposit accounts, including Accelerator Checking and Accelerator Savings.

    Once you meet the requirements, you can apply to open a Treasury account directly through your online banking dashboard.

    For more information, visit our Treasury page.

  • Yes! The minimum opening deposit for Accelerator Checking and Accelerator Savings is $100.

  • Yes. You can transfer funds quickly between accounts, giving you the flexibility to manage cash flow in real time without friction or delays.

  • At Grasshopper we use the daily balance method to calculate interest on our deposit accounts. This method applies a daily periodic rate to the principal available in your account each day.

    Please note: When calculating interest, we use the collected balance, which means we only include funds that we have actually received payment for.

    For more information about rates, refer to our rate sheet.

  • There is no cap on total interest earned, so your returns continue to grow as your balance increases.

    For more information about rates, refer to our rate sheet.

  • There are no monthly maintenance fees, and many everyday transactions are free, helping you keep more of your capital working in your business.

    For more information, refer to our Accelerator Checking and Accelerator Savings fee schedules.

  • At Grasshopper Bank, cryptocurrency transactions and entities are considered regulated and specialized business activities. To ensure a compliant and sustainable banking relationship for all our clients, regulated and specialized business activities may require a tailored due diligence process. If your business operates in a regulated or specialized vertical, our team will partner with you to gather the necessary information and documentation, such as applicable licenses or registrations, both during onboarding and throughout our relationship.

    For more information, please refer to our Regulated & Specialized Activities Guidelines.

  • At Grasshopper Bank, we welcome innovators across a diverse range of industries. We understand that your business may operate in a field with specific rules or unique needs, and we’re here to support you. For more information, please refer to our Prohibited & Restricted Activities Guidelines.

    If you’re unsure whether your business or activities are permitted, please contact Client Services.

  • The cutoff times displayed below are times that transactions need to be submitted by in order to guarantee same day processing. While we always do our best to adhere to the cutoff times stated below, transactions flagged for additional review may take up to 3 business days to process.

    ACH (SMB/Startup): 4:30PM ET

    ACH (Commercial): 5:30PM ET

    Positive Pay ACH (Commercial): 3:00PM ET

    Positive Pay Check (Commercial): 6:00AM-11:00AM ET

    Bill Pay: 4:30PM ET

    Internal Transfers: 5:00PM ET

    Loan Advances: 3:00PM ET

    Loan Payments: 3:00PM ET

    Mobile Deposit: 4:00PM ET

    Remote Deposit Capture: 5:00PM ET

    Domestic USD Wires: 4:30PM ET

    International USD Wires: 4:30PM ET

    Foreign Currency (FX) Wires: 2:30PM ET

     

    All wires submitted via DocuSign will also be subject to a 2:30PM ET cutoff time.

     

    Incoming Wires

    All incoming wires will be posted until 5:30 pm ET.

     

    Exception Wire Processing

    We understand that sometimes things are beyond your control, so an exception process remains in place for time sensitive wires, which requires notification to Client Services prior to the cutoff times. All wires submitted after the cutoff times will be considered an exception wire and will be released on a best effort basis. If Client Services does not a receive notification, the wire will be processed on the following business day. To guarantee same day wire processing, please follow the guidelines stated above.

     

    Large Wire Processing

    For wires exceeding $10 million, a notification must be sent to Client Services by 3:00PM ET to guarantee same day processing.

     

    External Transfers

    Once an external transfer is submitted, the process can take an estimated 1-3 business days to be credited to the receiving institution. If further information is required to process your transfer, we may reach out for additional verification.

     

  • Grasshopper Bank is a member of the FDIC, which means your deposits are insured up to $250,000.

    Our sound banking practices along with enhanced security features, such as dual control and multi-factor authentication, also help to ensure your account is secure.

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