Skip To Content

Introducing Accelerator Checking

Digital operating account, innovative platform, and powerful network built for startups.

Open An Account

Best in Class PartnersBanking and technology leaders invested in your success

  • FIS Logo
  • Alloy Logo
  • Visa Logo
  • Treasury Prime Logo

Everything you need to drive your startup forward

Features that put you one step ahead

  • Easy Online Account Opening

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

  • Enhanced FDIC Insurance

    As a member of the FDIC your deposits are insured up to $250,000 upon opening. Want more protection? Rest assured, an Accelerator Checking Account grants you access to FDIC insurance up to $125 million.3

  • High Interest Earning

    Earn up to 2.25% APY on balances. Want more interest on your idle cash? Open an Accelerator Savings Account and earn up to 4.00% APY.2

  • Secure Physical & Virtual Debit Cards

    Debit cards with unique permissions to give autonomy to your employees while staying in control of company spending. Plus, unlimited 1% cash back on online and signature-based purchases.1

  • Unlimited Transfers

    Move money easily with unlimited free ACH. Plus, free incoming and outgoing domestic wire transfers with an average balance of $25,000 or more.

Get Started

Industry-leading security measures for extra peace of mind

  • We keep your account secure with multi-factor and mobile biometric authentication, 24/7 proactive fraud and transaction monitoring, dual controls and permissions and much more.

  • By partnering with a trusted sweep network, Grasshopper can strategically spread your deposits across multiple banks to expand your FDIC coverage. You’ll be able to receive extra peace of mind without the hassle of managing multiple banking relationships. Plus, you can access all of your deposits at any time.

  • As a nationally chartered bank, we uphold strict privacy policies and take all reasonable precautions to keep your private information safe. With bank-level security and encryption, your data is secure by default.

sweep accountdata-privacy

A Card Program Built for Startups

Virtual and physical debit cards, corporate credit cards, rewards on spend, custom controls, team management and much more.

  • The Grasshopper Rewards Debit Card

    Make secure purchases online or in-store with a tap, swipe or from your mobile wallet with your Grasshopper debit card and receive 1% cash back on qualified 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.

  • Team-Based Card Management & Spend Controls

    Issue team members virtual cards. Set spend limits, block unwanted categories and merchants.

  • Grasshopper X Ramp Corporate Cards

    Physical and virtual credit cards, expense management, automated receipt collection, team based controls and much more. Learn more.

Digital-first approachAccess powerful digital tools anywhere, anytime

  • Bill Pay

    Make and schedule payments from any device - via check or ACH.

  • ACH & Wires

    Set up one-time or recurring ACH and international wire transfers — straight from your mobile app or desktop.

  • digital banking Integrations

    Powerful Intergrations

    Seamless integrations with tools you can rely on from accounting to cash flow managment.

Apply Now

Partners & Perks

We firmly believe in a partnership approach to helping our clients achieve their goals. In addition to the powerful digital tools we provide directly, clients will also receive exclusive access to our partner marketplace.

Access our investor networkGrasshopper Connect

Grasshopper Connect is an exclusive, curated community of investors from our network for startup clients seeking fundraising support.

API Banking

API’s to Move Your Business Forward

Whether you want to utilize APIs for your own corporate use, or if you're looking to embed financial services for your end clients, we got you covered.

API Banking

Getting started is as easy as 1, 2, 3Ready to apply?

Open an account online today.

Get Started
Image and UI Cards

© 2023 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.

  1. Annual Percentage Yield (APY) is accurate as of 10/3/2023. 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. National average interest rate for interest checking is 0.06% APY – source: www.fdic.gov.
  2. By opening an  Accelerator Checking 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. 

 

  1. 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.

We don't support Internet Explorer

Please use Chrome, Safari, Firefox, or Edge to view this site.