Available nationwide, Grasshopper Bank is offering up to 1.80% APY on their Business Checking Account.
Update 9/25/24: If you have a business checking account earning little to no interest, consider this account to earn up to 1.80% APY on top of 1% cash back on your transactions! A great alternative is the Live Oak Bank Business Savings account currently yielding 4% APY.
Grasshopper Bank Business Checking Review
Grasshopper Bank is headquartered in New York and is the 80th largest bank in the state of New York. It is also the 1,810th largest bank in the nation. It was established in 2019 and as of June of 2022, it had grown to 92 employees at 2 locations. Grasshopper Bank has a B health rating.
I’ll review Grasshopper Bank Business Checking account below.
Grasshopper Bank Business Checking Rate
- Learn More at Grasshopper Bank
- What you’ll get: Up to 1.80% APY
- Eligible account: Business Checking
- Credit inquiry: Hard Pull or Soft Pull? Let us know.
- Where it’s available: Nationwide
- Opening Deposit: $100
- Monthly fee: None
- Early Termination Fee: None listed
(FDIC Insured)
How to Earn Rate
- Open a Grasshopper Bank Business Checking with a minimum opening deposit of $100.
- Earn up to 1.80% APY
| Balance Requirement | APY Rate |
| $0.01 – $24,999.99 | 1.00% APY |
| $25,000 to $250,000 | 1.80% APY |
| $250,000+ | 1.00% APY |
Account Features
- Innovator Checking clients get exclusive access Grasshopper’s to Innovator MMA Savings account which earns 3.30% APY with balances over $25,000.
- 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.
- Unlimited Transfers: Move money easily with unlimited free ACH and incoming domestic wires.
How To Waive Monthly Fee
There are no monthly fees.
 |
 |
Conclusion
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. If you’re ready to scale your business, apply for an account today!
Let us know about your experience with this bank and comment below.
In addition to the rate, check out our list of best rates Savings, Money Market, and CD accounts.
If you are interested in expanding your financial future, definitely use our bank bonuses page to find other offers. Some popular bank offers include Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank and many more.
