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Meet the best digital business checking account

Earn up to 2.25% APY and 1% cash back. Plus, no monthly fee and unlimited transactions. Open an account in little as 5 minutes today. 1

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SMB Checking

Forward-thinking featuresChecking designed to drive your business forward

  • Easy Digital Account Opening

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

  • Earn up to 2.25% APY

    Earn 2.25% APY on balances of $25,000 to 250,000. Earn 1.51% APY on balances up to $25,000 and on balances greater than $250,000. 2

  • Unlimited Transfers

    Move money easily with unlimited free ACH and incoming domestic wires.

  • 24/7 Online & Mobile Banking

    Powerful digital banking tools at your fingertips

  • Rewards Debit Card

    Receive a free VISA debit card and earn unlimited 1% cash back on online and signature based purchases.

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Access powerful digital tools anywhere, anytime

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

  • Send personalized invoices directly to your customers inbox and get paid faster.

  • Generate reports, reconcile transactions with Autobooks accounting or seamlessly integrate with QuickBooks or your preferred accounting software.

  • Stay up to date on incoming, coming due and past due customer payments.

  • Manage users, set permissions, create approval workflows and establish security measures.

  • Deposit a check in seconds by taking a photo. Unlimited check deposits, no additional charge.

Pay bills seamlesslySend digital invoicesAutomate BookkeepingManage cash flowSecure and in controlDeposit Checks Instantly
grasshopper debit card mobile

Meet the Grasshopper Business Debit Card

  • Convenient Payment Options

    Make secure purchases online or in-store with a tap, swipe or from your mobile wallet with your Grasshopper debit card.

  • 24/7 Access to your Money

    Fee-free withdrawals at 37,000+ MoneyPass and 8,500+ SUM ATMs nationwide.

  • Earn Unlimited 1% Cash Back

    Get 1% cash back on online and in-store signature based purchases.

  • Instant-Issue Virtual Cards

    Create and issue virtual debit cards instantly. Utilize these virtual debit cards for in-person contactless payments or online purchases.

  • Digital Card Controls

    Elevated security allows you to lock and unlock your card in seconds.

Ready to scale your business? Get Started

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 businesses forward.

  • FDIC Insured

    s a member of the FDIC your deposits are insured up to $250,000.

  • Enhanced Security

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

  • Dedicated Support

    Real humans with real expertise dedicated to giving your business the personalized attention it deserves.

Funding to scale your business

Need financing to buy a business, revamp current facilities, buy out a partner, or refinance debt? No problem! We have a loan option for you.

SBA Lending

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

Open an account online in minutes.

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© 2024 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.

2. Annual Percentage Yield (APY) is accurate as of 10/17/2022. Minimum amount to open an account is $100.00. Rate tiers are as follows: 1.51% APY applies to balances of $0.01—$9,999 and 1.51% APY applies to the entire balance on balances of $10,000 or more. Rates may change after the account is opened. Fees may reduce earnings. National average interest rate for interest checking is 0.04% APY – source: www.fdic.gov.

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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