At Grasshopper Bank, we serve the innovation economy, including Companies (from inception onward), Venture Capital, and Private Equity firms, in, or expanding into, the U.S. Almost anyone is a great fit for Grasshopper, but check which category you’re in before you begin your application:
There are certain types of businesses and industries that we may not be able to bank at this time so let’s talk and we will let you know.
When you open a checking account with us, there is no minimum balance required and you will get the following by default:
Online and mobile banking access for you and your team
Sending and receiving wires and ACH
Ability to send bulk payments
Mobile Check Deposit
While our app is in beta, there are no subscription or transaction charges. We will notify customers at least 30 days in advance of any potential change to fees.
What makes us different?
Frictionless digital banking so that founders can be efficient with their banking and focus on their business.
We see ourselves as a true partner to our clients and support them along their journey. We have a team of experienced bankers and former founders with deep roots in the venture ecosystem.
We regularly host relevant events that provide access to information and thought leaders to help accelerate your success.
This year we launched Grasshopper Grants, an initiative to ensure that founders have access and opportunity to attend key conferences for knowledge and network opportunity. We cover 100% of the admission price for a certain number of founders, who for whatever reason are not able to cover the ticket cost to attend critical events nationwide throughout the year.
We also provide access to additional products and services to help you grow your business.
Interest Bearing Checking Account
Venture Debt Facilities
Money Market Account
Standby Letters of Credit
VC & PE FIRMS
Capital Call Lines
Management Company credit Lines
GP Term loans
End-of-life Fund loans
Fund leverage facility for Mezz/Debt Funds
Fund guaranty to support portfolio company loans
Standby Letters of Credit
* External partnership
This is what you need to get started
Grasshopper Bank is required to collect certain information and documentation as part of the onboarding process. We will need to make sure that we have identification for your company and those individuals that are owners of the company or will either manager or transact on the account. Some of the items we will need are:
Photo of your ID (front and back)
Selfie holding your ID
Company’s formation document
Company’s authority document
Please click here for a full list of accepted documents.
Open a bank account in 4 steps
Provide key company & personal information
Grasshopper team reviews and sends you welcome instructions once approved
Download the app, register & complete a few security questions