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Solutions-driven productsDriving growth through firm-focused solutions

  • Secure Operating Accounts

    FDIC-insured deposit accounts built to optimize cash flow.

  • 24/7 Online & Mobile Banking

    Powerful digital tools at your fingertips anytime, anywhere.

  • digital banking Integrations

    Seamless Integrations

    Dependable connections to key systems you rely on.

  • Enhanced FDIC Insurance

    Enhanced FDIC insurance coverage up to $125 million. 1

  • Digital Account Opening

    Streamlined digital application - no paper, no hassle.

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Lending Solutions VC PE

Flexible Lending Solutions

Grasshopper's flexible financing solutions support all stages of your Firm, including your fund's lifecycle, optimizing cash flow, and return on your investment.

  • General Partner (GP) Term Loans

    Grasshopper can finance up to 70% of the GP’s commitment to the fund.

  • Fund Capital Call Lines of Credit

    Lines of credit to bridge timing between investments and receipt of capital call proceeds from investors.

  • Management Company Working Capital Line of Credit

    Working Capital Revolvers to bridge timing between receipt of management fees and payment of firm expenses.

  • End of Life Facility

    Net asset value loans for end of fund life needs.

We are GrasshopperWhy partner with us

Grasshopper combines the best of banking technology and years of industry expertise to deliver financial solutions, trusted security and unparalleled support to propel your Firm forward.

  • Top Notch Security

    Your data and money are secure with two-factor authentication, fraud monitoring, bank-level encryption and security.

  • Dedicated Support

    Industry experts committed to meeting the unique needs and strategic focus of your firm.

  • Powerful Network

    Our expertise in the Fintech market can help your portfolio companies succeed as well as make connections to potential investment opportunities.

A bank your firm can trustClient reviews from firms like yours

  • Sway Ventures

    "I highly recommend Grasshopper as THE bank to consider in the startup community. They are not too big or bureaucratic or too limited in their offerings. They are creative and responsive in their offerings, and they get startups and the venture space. Their people are top notch and the type of people you want to work with long-term."

  • FF Ventures

    "Grasshopper has a customer first attitude, a true understanding of our business and our business needs and what makes us unique. A strong conviction of our model and why it matters. Demonstrated flexibility and agility when we need it. Amazing responsiveness. A pleasure to do business with all the way around."

  • Prysm

    "Whether we have questions on our credit agreements, the status of urgent wires, distribution processes, the market or the most administrative items, Grasshopper is accessible, available and flexible."

Frequently Asked Questions

  • 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 a Forward Checking Account.

    Company Information
    • Type of legal entity
    • Legal name of entity
    • EIN/Tax ID number
    • Date established
    • Company phone number
    • Company physical address
    • Company description
    • Company industry classification (NAICS code)
    • Company website

    Company Documents
    Below are examples of acceptable documentation, however, we reserve the right to ask for additional documentation as needed.

    • Formation document
      • Articles of Incorporation
      • Certificate of Publication
      • Partnership Agreement
      • Certified Court Order
      • Governing Trust Document
      • Fictitious Trade Name
    • Authority document
      • Operating Agreement
      • By Laws
      • Current Appointment of General Partnership
      • LLP Agreement
      • Limited Partnership Agreement
      • Certificate of Authority
    • AML Policy (If applicable)
    Applicant/Authorized Signers/Control Person/Beneficial Owners
    • Legal name
    • Job title
    • Ownership %
    • Physical address
    • Email address
    • Phone number
    • Date of birth
    • SSN/Tax ID number
    • Photo ID and selfie with photo ID

    Beneficial owner information will be required for each individual who owns 25% or more, directly or indirectly, of the company.

    Applicant/Authorized Signers/Control Person/Beneficial Owners
    • Photo ID
    • Selfie photo holding ID
    Expected Account Activity
    • Domestic and Foreign ACH Deposits/Withdrawals
      • Volume and number of deposits per month
      • (Foreign only) Countries involved
    • Domestic and Foreign Wire Deposits/Withdrawals
      • Volume and number of deposits per month
      • (Foreign only) Countries involved
      • (Foreign only) Purpose
    • Mobile/Remote Check Deposit Activity

    For additional questions or assistance, contact Client Services.

  • Yes, you can open multiple accounts under the same entity. To do so, simply log back into our application hub using the same email address you used to apply for your Forward Checking account. From there, you can open new accounts, order a debit card, or add authorized signers with ease.

    For additional questions or assistance, contact Client Services.

     

  • At this time, we do not require a minimum opening balance to open a Forward Checking Account. A funding deposit is optional during the account opening process, allowing you the flexibility to start using your account immediately.

    For additional questions or assistance, contact Client Services.

  • At Grasshopper we pride ourselves on our account opening process, which allows clients to open a fully digital, paperless deposit account in as little as 5 minutes from any device! This service was built in partnership with Mantl and Alloy to provide an automated application underwriting decision in seconds.

    That being said, we also take account security very seriously. In some cases, accounts may require manual review depending on a variety of factors, such as requests for additional documentation. However, we can assure you that all measures and steps taken are meant to help keep our clients and bank safe.

    Please note: As a part of the account opening process, Grasshopper does not perform credit checks. However, we do obtain information from credit bureaus to validate your personal information. This does not affect your credit score. If you have placed a credit or security freeze on your credit report, your application will undergo a manual review. In which case, we will contact you to have the credit freeze removed. Once we receive confirmation that the freeze has been lifted, the review process may take up to 3 business days. 

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