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Start your journey with Grasshopper

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Account Options

  • Small Business Checking

    Feature-packed checking accounts with powerful digital tools for small- and medium-sized businesses to streamline their finances, optimize cash flow and keep business moving forward.

    Open an Account
  • Startup Checking

    Secure operating accounts with powerful digital tools for early stage companies scaling for growth, seeking to raise capital, or funded by institutional investors.

    Open an Account
  • Small Business Savings

    High-yield savings account with innovative digital banking tools built for modern small businesses.

    Open an Account
  • Startup Savings

    High-yield savings account with innovative digital banking tools built for venture-backed startups.

    Open an Account
  • SBA Lending

    Accessible financing solutions built to help grow your small business with confidence. Get qualified for an SBA 7(a) loan in less than 10 minutes today!

    Apply Now
  • Venture Capital & Private Equity

    Secure operating accounts, powerful treasury management tools, flexible financing solutions and industry experts committed to meeting the unique needs of your firm and supporting every stage of a fund's lifecycle.

    Open an Account
  • Embedded Finance

    Revolutionize your business and achieve seamless scalability with our innovative digital platform, modern APIs and expert team, supporting you as you navigate the demands of rapid growth.

  • BaaS

    Modern API connections, flexible products and an experienced team to help navigate the regulatory environment and work tirelessly to get you to market quickly.

  • Corporate API Banking

    Modern API connections, digital solutions and industry experts to help you automate transactions and payments, reduce expenses and unlock your ability to scale efficiently.

  • CRE Lending

    Flexible commercial real estate financing and quick decisioning to help with your investing needs.

Frequently Asked Questions

  • Through our partnership with Ramp, the #1 corporate card and finance platform, clients can apply for a corporate card on a referral basis in as little as 15 minutes. As a bonus, clients will also receive a $500 Amazon eGift Card after spending $1,000 within 30 days of account opening.

    Benefits of a Ramp Card:

    • Free 5-in-1 finance automation software
    • Unlimited physical & virtual cards with up to 20x higher limits than traditional offerings 
    • Zero-touch expense software with receipt automation, blazing fast bill payments, and seamless accounting integrations to close your books 8x faster
    • Uncapped 1.5% cash back and spend insights that save customers an average of 3.3% annually.

    For venture capital and private equity management companies interested in apply for a Ramp card, we recommend applying post-fund closing if management fees will be a primary revenue source. If you have further questions, please reach out to your Relationship Manager directly.

    To learn more about Ramp and how to unlock your exclusive offer for a $500 sign-up bonus, click here.

     

     

     

     

  • Yes! We are pleased to offer both Wholesale and Retail Lockbox Services, as well as Integrated Receivables for our clients.

    Wholesale Lockbox Service

    • State of the art image-based service with all documents imaged and made available SAME day
    • A daily PDF report of all scanned documents that is provided via email, FTP, or online delivery

    Retail Lockbox Service

    • State of the art image-based service with all documents imaged and made available SAME day
    • Support for OCR A, OCR B, various Bar Codes, and E13B font
    • Support for alpha and/or numeric scan lines, any check digit routine, and AR file in any format
    • Online exception item decisioning and processing (real-time)
    • Web-based online image and report access with endless number of users

    Integrated Receivables

    • Integrate lockbox, eCheck, ACH, and wires into a single payments workflow
    • Remit electronically (via email or online portal)
    • Online bill presentment and payment module
    • Smart matching of invoices and bills to payments received

    For more information about our Lockbox Services, please contact your Relationship Manager directly or send an email to [email protected].

  • At Grasshopper Bank, cryptocurrency transactions and entities are prohibited.

    What does this mean?

    Grasshopper Bank cannot support the following:

    • Accept cryptocurrency for deposit
    • Store cryptocurrency
    • Offer exchange options for cryptocurrency
    • Trade cryptocurrency
    • Purchase cryptocurrency
    • Hold an account for the purpose of investing into or purchasing cryptocurrency
    • Entities with funds derived from or to be used for cryptocurrency
    • Entity whose business purpose is to gather funds to send to a cryptocurrency exchange, broker, or investment service
    • Entity that receives funds from a cryptocurrency exchange or brokerage to distribute to other individuals or entities
    • Any entity that is a cryptocurrency exchange or broker
    • Any company with revenue that has been significantly derived from cryptocurrency exchange or sale
    • Any company utilizing cryptocurrency as an asset management strategy

    When you open an account at Grasshopper Bank, you attest that your entity is not involved in cryptocurrency. Grasshopper Bank reserves the right to close any accounts with or without notice if prohibited activity is observed.

    For more information on prohibited activities and entity types, please refer to our Prohibited & Restricted Activities Guidelines or Master Service Agreement.

  • Prohibited Activities

    Grasshopper Bank prohibits certain activities to keep our clients and bank safe. These activities include a business purpose of or any entity with funds derived from or to be used for the following purposes:

    • Cryptocurrency
    • NFTs
    • Gambling
    • Casinos
    • Sweepstakes
    • Shell Banks
    • Hard Money Lenders
    • Sanctioned and Prohibited Countries
    • Cannabis
    • Adult Entertainment
    • Any illegal activity

    Restricted Entities or Activities

    Grasshopper Bank restricts certain activities and business types to keep our clients and the bank safe. These activities may require approval prior to onboarding and are subject to additional due diligence:

    • Third Party Payment Processors
    • Money Service Businesses
    • Pawn Brokers
    • Firearms/Weapons
    • Non Bank Financial Institutions
    • Foreign Financial Institutions
    • Non-Profit Organizations
    • Foreign Entities
    • Religious Organizations

    The prohibited and restricted activity types may be subject to change as deemed necessary by Grasshopper Bank. The Bank reserves the right to decline or close a relationship upon review of activity that does not align with business or compliance objectives. 

    For more information, please refer to our Prohibited & Restricted Activities Guidelines or Master Service Agreement.

    If you’re unsure whether your business or activities are permitted, please contact Client Services.

  • Grasshopper Bank is a member of the FDIC, which means your deposits are insured up to $250,000.

    Our sound banking practices along with enhanced security features, such as dual control and multi-factor authentication, also help to ensure your account is secure.

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