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Banking built for startups, optimized for growth

Earn up to 3.55% APY & unlimited 1% cash back. Plus, free domestic ACH & domestic wires.1

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Trusted by Startups & Investors

Forward-thinking featuresBanking 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.

  • Easy Online Account Opening

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

  • High-Yield Deposit Accounts

    Earn up to 1.80% APY with Accelerator Checking.1 Plus, earn up to 3.55% APY with an Accelerator Money Market Savings Account when you maintain a balance of $25,000 or more. 2

  • Enhanced FDIC Insurance

    Scale your startup with confidence knowing your funds are FDIC-insured up to $250,000. Want more protection? Being a Grasshopper client grants you access to enhanced FDIC insurance up to $125 million.3

  • Ultimate Flexibility

    Move money seamlessly with unlimited free ACH and domestic wire transfers when you maintain an average balance of $25,000 or more. Plus, earn unlimited 1% cash back on online or signature-based purchases.

  • No Hidden Fees

    Experience stress-free, straightforward banking with transparent pricing—no overdraft or monthly maintenance fees, ever.

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Best in Class PartnersBanking & technology leaders invested in your success

  • FIS Logo
  • Treasury Prime Logo
  • Narmi Logo
  • Alloy Logo
  • Visa Logo_GH Color Scheme

Industry-leading security measures for extra peace of mind

  • At Grasshopper, protecting your account is our top priority. We combine advanced security measures with user-friendly tools to ensure your accounts are safe and you stay in control, including multi-factor and mobile biometric authentication, 24/7 proactive fraud and transaction monitoring, and dual controls for added protection.

  • Through our strategic partnership with a trusted sweep network, we can easily spread your deposits across multiple banks to provide expanded FDIC insurance coverage up to $125 million, eliminating the need for managing multiple banking relationships while ensuring you can access your deposits whenever you need them.

  • Safeguarding your privacy is fundamental to everything we do. As a nationally chartered bank, we not only adhere to strict privacy policies but also employ advanced security measures to ensure your information stays protected. From bank-level encryption to rigorous compliance with industry standards, your data is secure by default.

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Less hassle, more flexibilityEffortless payments

  • ACH Payments

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

  • Domestic Wires

    Send secure, reliable payments across the US quickly with fees that are over $15 below the industry average.4

  • International Wires

    Send secure, reliable payments across the globe with with streamlined processing and competitive rates.

  • Check Payments

    Simplify your check payments by letting us handle the printing and mailing for you through Bill Pay.

  • Security Controls

    Set up SMS or email alerts, authorize devices for login authentication, and establish dual approvals for wire transfers.

Adaptable card solutions

  • 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 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 spend limits and merchant or category restrictions.

  • Corporate Cards

    Control spend globally with easy-to-use Ramp corporate cards, spend limits, approval flows, vendor payments, and more. ➜

Savings that grows with your startup

  • Unlimited Earning Potential

    Turn your idle cash into a powerful growth tool with a competitive 3.55% APY on balances of $25,000 or more.

  • Unrestricted Access

    Enjoy unrestricted access to your funds with unlimited fee-free transactions, allowing you to move money whenever and however your startup requires.

  • FDIC Insurance

    Scale your startup with confidence, knowing your deposits are FDIC-insured up to $250,000.

Smarter savings starts here Find Out More

Not sure whether Grasshopper is the right fit for you?

Request a call with our team to explore how we can support your growth.

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Your gateway to growthGrasshopper Connect

Designed exclusively for our startup clients, Grasshopper Connect provides a unique opportunity to build meaningful relationships with investors in our network who understand your vision and can help propel your business forward.

Partners & Perks

Success is built on strong partnerships, and we’re committed to helping you achieve your goals. Beyond the powerful digital tools we offer directly, our clients gain access to exclusive perks and tools in our marketplace.

Explore the Possibilities
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

Award-Winning Digital Banking Solutions

  • 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 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. This account is not available to businesses in the following industries: adult entertainment, gambling, illegal substances, virtual currency, or weapons and firearms.

    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 Master Service Agreement.

  • 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
    1.80% 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 Savings Account, which qualifies for a competitive rate of 3.55% 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.

  • At this time, we do not support Zelle as an integration. However, we have partnered with Plaid to provide our clients with a safe way to connect their checking accounts to other modern payment apps within their network.

© 2025 Grasshopper Bank, N.A. | Member FDIC. Equal Housing Lender | All rights reserved

1. Annual Percentage Yield (APY) is accurate as of 1/2/2025. 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. 1.80% 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. National average interest rate for interest checking is 0.07% APY – source: www.fdic.gov

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.

2. Accelerator Money Market Savings Annual Percentage Yield (APY) is accurate as of 1/2/25. The minimum amount to open an account is $100.00. Rate tiers are as follows: 1.80% APY applies to balances of $0.01—$24,999.99. 3.55% APY applies to balances of $25,000 and up. Rates may change after the account is opened. Fees may reduce earnings.

3. 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. 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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