Flexibility
Don’t burden yourself with minimum balance requirements, transaction limits, or monthly service fees. Oftentimes, financial institutions charge a monthly service or maintenance fee when you do not meet their minimum balance requirement. They may also implement transaction limitations, which will charge your small business a fee per transaction after a set limit is reached. If your business has a hight number of transactions or your finances change each month, these fees can be costly.
A flexible checking account designed specifically for small businesses in mind would not threaten you with such fees. This allows you to have a stress-free business banking experience. Grasshopper’s Innovator Business Checking has no minimum balance requirements, transaction limitations or monthly service fees. That way, your small business doesn’t have to feel restricted.
Security
In a data-driven world, it’s vital that your money, along with your data, is secure. Security in a banking service begins at onboarding. That’s why the Grasshopper team takes extra security measures during the onboarding process, such as requesting driver’s licenses or formation documents to confirm you and your business information.
Two-factor authentication, fraud monitoring, and other proactive security measures are also important to seek out or request from a financial institution. These kinds of security features ensure that your funds and information are as safe as possible.
Support
Trying to navigate your finances and understand how to utilize all the features that your new business checking account has to offer may be tricky as a new business owner. That’s why it’s crucial to choose a financial partner that has a Client Services department dedicated to the success of your business.
When searching for a business checking account, look for banks that offer personalized, human support, through a variety of channels. Grasshopper understands how important it is for people to get professional help when they need it, which is why our Client Services team can be reached by phone, chat, email, text or secure message. Our team is equipped to provide live demos of online and mobile banking to help ensure that you understand the full functionality of our platforms.
Lending & Financing
Growing your business may require additional funds. Having financing options available through your checking provider can help make the borrowing process easier. That’s why having access to experienced professionals, like Grasshopper’s SBA Lending team, is an important aspect to consider when searching for a business checking account.
The Bottom Line
Banking is not one size-fits all. The best checking account is the one that checks off all the right boxes for you and your business.
Grasshopper’s Innovator Business Checking offers the right balance between services, features and cost. Start enjoying the benefits of banking with Grasshopper by opening an account today!
