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Grasshopper Reviews


bestfor-icon High-Yield APYs And Unlimited Cashback

Written by Andrew Omalley

About Grasshopper | Read More


LS Score







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Opening Hours Opening Hours drop-down-btn
Mon- Fri 9 AM - 10 PM
Sat - Sun Closed
Contact Information Contact Information drop-down-btn
  • support@grasshopper.bank
  • 888 895 9685
  • 261 5th Ave Suite 610 New York, NY 10016
Social Media Social Media drop-down-btn

Grasshopper Online Banking Review

Grasshopper works with a wide range of different businesses and provides some exciting checking and savings accounts. There are relatively high-yielding APYs and don’t carry any monthly fees.

There’s even 1% cashback on all purchases through the checking account, while Grasshopper provides integrated bookkeeping and invoicing tools to account holders. It goes above and beyond to make sure that the needs of its clients are completely looked after.

Grasshopper Online Banking Highlight


Min Deposit


ATM Network


Other Fees

Online Banking Savings

Min 3.75%

Min APY Savings

Online Banking Checking


Min APY Checking

Pros & Cons

  • con-icon Offers unlimited 1% cash back on purchases
  • con-icon Relatively high APYs are available
  • con-icon Access to 45,000+ no-fee ATMs
  • con-icon Doesn’t charge any monthly fees
  • con-icon Provides free software for bookkeeping
  • con-icon No way for you to deposit cash
  • con-icon Doesn’t have any customer support at the weekend

Account types

  • Business
  • Business Checking
  • Business Savings


Account 1 Year 3 Years 5 Years
Innovator Business Checking
  • 1.51% ($0.01-$10k)
  • 2.25% ($10.01k-$250k)
  • 1.51% (>$250k)
  • 1.51% ($0.01-$10k)
  • 2.25% ($10.01k-$250k)
  • 1.51% (>$250k)
  • 1.51% ($0.01-$10k)
  • 2.25% ($10.01k-$250k)
  • 1.51% (>$250k)
Innovator MMA Savings 3.75% 3.75% 3.75%

Features Benefits & Rewards

1% cashback on all debit card purchases through checking account.

State Availability

- Available in all states

Andrew is a freelance writer who has been crafting valuable pieces of content relating to personal finance for more than five years. Previously, he studied Economics & Finance at university and he has professional qualifications relating to financial advice.



How long does it take to sign up for an account With Grasshopper?

You only need ten minutes or less to get started with a new Grasshopper account.

Does Grasshopper offer 24/7 customer support?

The customer support lines at Grasshopper are usually only open Monday to Friday between 9am and 10pm ET each day.

Are Grasshopper deposits secured?

Grasshopper Bank is a part of the FDIC, which means that all deposits up to $250,000 are fully insured.

Customer Support

Grasshopper is a client-focused digital bank and is always looking at ways to enhance the overall user experience for businesses. It provides clients with access to a small business marketplace, which means that you can quickly get SBA loans and discounts from partners like Visa and Slack.

A comprehensive help center is accessible through the Grasshopper website. This is very well-designed and breaks down the queries into specific areas so you can easily find what you’re looking for. Reading through this section is a great way to get a good overall grasp of how Grasshopper works.

The client services team at Grasshopper is reachable in a variety of ways, including by phone, email, text message, and live chat. It aims to always give personalized attention to whoever needs it. You can expect responses during typical business hours Monday to Friday, with the offices closing at the weekends.

Privacy & Security

Grasshopper is an FDIC-insured bank and it deploys advanced security to make sure that its clients are fully protected at all times. Two-factor authentication is in place, with extensive fraud monitoring always running.

Then there’s industry-standard banking encryption and security systems in place to ensure your data or account info doesn’t fall into the wrong hands.

In Conclusion

Grasshopper provides some tremendous business banking account options that carry high APYs and no monthly fees.

The ability to access built-in tools for invoicing and bookkeeping is very good, while you can also earn unlimited 1% cashback on all purchases. This really makes it an ideal fit for the majority of business owners.

Brand Disclaimer

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