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Savings that grows with your startup

Earn up to 3.30% APY. Plus, move money in and out seamlessly with unlimited transfers.
Open an Account

Unleash your potential

Building the future of fintech together

Digital platform built to support billions in transaction volume so you can focus on what matters most – innovating and growing your business.
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Banking-as-a-Service (BaaS)

Seamlessly embed a wide range of financial products and services into your existing offerings while maintaining the highest standards of security and compliance.
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Corporate API Banking

Integrate your banking data with your business data to securely send and receive payments and manage your finances all from your current operating system.
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Payment Facilitation

Originate financial transactions on behalf of your customers and manage the flow of funds through a single bank account.
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Best-in-class partners

Banking & technology leaders invested in your success

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Building the future of fintech together

Digital platform built to support billions in transaction volume so you can focus on what matters most – innovating and growing your business.
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Easy Online Account Opening

Apply online in as little as 5 minutes from any device – no lines, no hassle.
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High-Yield Deposit Accounts

Earn up to 1.55% APY with Accelerator Checking.1 Plus, earn up to 3.30% APY with an Accelerator Money Market Savings Account when you maintain a balance of $25,000 or more. 2
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Enhanced FDIC Insurance

Scale your startup with confidence knowing your funds are FDIC-insured up to $250,000. Want more protection? Being a Grasshopper client grants you access to enhanced FDIC insurance up to $125 million.3
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Ultimate Flexibility

Move money seamlessly with unlimited free ACH and domestic wire transfers when you maintain an average balance of $25,000 or more. Plus, earn unlimited 1% cash back on online or signature-based purchases.
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No Hidden Fees

Experience stress-free, straightforward banking with transparent pricing—no overdraft or monthly maintenance fees, ever.

Protection you can trust

Industry-leading security measures for extra peace of mind

At Grasshopper, protecting your account is our top priority. We combine advanced security measures with user-friendly tools to ensure your accounts are safe and you stay in control, including multi-factor and mobile biometric authentication, 24/7 proactive fraud and transaction monitoring, and dual controls for added protection.
At Grasshopper, protecting your account is our top priority. We combine advanced security measures with user-friendly tools to ensure your accounts are safe and you stay in control, including multi-factor and mobile biometric authentication, 24/7 proactive fraud and transaction monitoring, and dual controls for added protection.
Safeguarding your privacy is fundamental to everything we do. As a nationally chartered bank, we not only adhere to strict privacy policies but also employ advanced security measures to ensure your information stays protected. From bank-level encryption to rigorous compliance with industry standards, your data is secure by default.
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Why partner with us?

Established Infrastructure

By partnering with us, you can access essential banking infrastructure and services without having to build them from scratch, providing a reliable and dependable partnership for long-term growth.

Regulatory Compliance

As a nationally chartered commercial bank and member of the Federal Deposit Insurance Corporation (FDIC), we have a strong approach to risk management and a close working relationship with our regulators, ensuring full compliance with all federal and state financial regulations.

Advanced Security Measures

With advanced technology and robust security protocols, we offer enhanced protection against fraud and cyber threats, minimizing risks for your business and offering peace of mind for your customers.

Advanced Security Measures

Combining decades of experience and expertise in managing financial services, our team can help navigate the complexities of the regulatory environment and provide tailored advice and innovative strategies for sustainable growth in an ever-evolving market.

Frequently Asked Questions

Accelerator Checking is available to all startup companies that are in growth mode—whether you plan to raise growth capital, have already secured funding from investors, or are actively scaling. This account is not available to businesses in the following industries: adult entertainment, gambling, illegal substances, virtual currency, or weapons and firearms.

To open an account, you must be 18 years of age or older and a U.S. citizen or permanent U.S. resident with a verifiable address in one of the 50 states or District of Columbia. U.S. Territories, including Puerto Rico, are ineligible. Other restrictions may apply.

For full terms and conditions, please refer to our Master Service Agreement.

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 an Accelerator Checking Account.

Company Information
  • Type of legal entity
  • Legal name of entity
  • EIN/Tax ID number
  • State of Registration
  • Month/year established
  • Company phone number
  • Company description
  • Company address
Applicant Information
  • Legal name
  • Job title
  • Ownership %
  • Physical Address
  • Email address
  • Phone number
  • Date of birth
  • SSN/Tax ID number
Owners/Authorized Signers/Control Person
  • Legal name
  • Job title
  • Ownership %
  • Email address
  • Physical address
  • Phone number
  • Date of birth
  • SSN/Tax ID number

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

When opening an Accelerator Checking account, we will ask for a minimum deposit of $100. Initial funding deposits are provided by manual ACH or linking to an external account at another financial institution via Plaid.

Once you’ve been approved and the account is open, the funds for your initial deposit will be made available within 5 business days beginning on the first day that the funds are posted to your account. Although an initial funding deposit is required to open an account, there are no monthly fees or minimum balance requirements.

For more information, please refer to our Accelerator Checking Fee Schedule.

To maximize your earnings potential, we recommend leveraging the Accelerator Product Suite. Accelerator Checking offers a tiered APY structure based on your balance:

1.00% APY for balances between $0.01 and $24,999.99
1.55% APY for balances between $25,000 and $250,000
1.00% APY for balances above $250,000.01

However, to truly maximize your earnings, aim for a balance of $25,000 or more in your Accelerator Savings Account, which qualifies for a competitive rate of 3.30% APY. By leveraging the Accelerator Product Suite, you can make the most of your funds while enjoying the flexibility of both accounts.

Note: Rates may change after the account is opened, and fees may reduce earnings.

One of the benefits of choosing Grasshopper as your primary financial institution is that you can avoid the hidden fees that are often associated with traditional banking.

When opening an Accelerator Checking account, we do require a minimum deposit of $100. However, there are no monthly fees or minimum balance requirements once the account is open.

For more information, please refer to our Accelerator Checking Fee Schedule.

As a digital-first bank, we provide powerful digital tools to easily deposit checks from your mobile device. We do not offer cash deposits at this time.

For more information about manual check processing or assistance with mobile check deposit, please reach out to Client Services.

At this time, we do not support Zelle as an integration. However, we have partnered with Plaid to provide our clients with a safe way to connect their checking accounts to other modern payment apps within their network.