Grasshopper Bank Innovator Business Checking
Small business checking from Grasshopper Bank, N.A., Member FDIC, a federally chartered digital bank: no monthly or overdraft fees, interest on balances and 1% debit cash back for eligible accounts. For businesses without venture funding.
Grasshopper Bank Innovator Business Checking is a banking and fintech perk from Grasshopper Bank, offering up to 1.35% APY with Innovator Checking, for startups in the US, no funding required.
- Value
- Up to 1.35% APY
- Who qualifies
- No funding needed
- Benefit type
- Free plan
- Terms
- Verified
Watch this program
Get an email if Grasshopper Bank Innovator Business Checking closes, changes its offer or sets a deadline. No other email.
Also useful for banking and incorporation
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Inside Grasshopper Bank Innovator Business Checking
- Innovator Business Checking has no monthly maintenance or overdraft fees and no minimum balance ($100 minimum deposit to open).
- It offers free unlimited ACH and incoming domestic wires, with up to 1.35% APY (1.00% under $25,000, 1.35% from $25,000 to $250,000, 1.00% above).
- Earn 1% cash back on signature-based debit card purchases (requires a $10,000 average monthly balance).
- Standard FDIC insurance to $250,000 per depositor and optional sweep coverage up to $125 million via the Insured Cash Sweep (ICS) program.
- Rates are variable and subject to change.
Source: The provider's official program page · as of Oct 19, 2026
Who it's for
- Funding / backing
- No funding needed
- Geography
- United States
- Recurring / expiry
- Ongoing account. Rates are variable and subject to change.
- Other requirements
- Open to US small businesses outside a few prohibited industries (e.g. adult entertainment, gambling, illegal substances, virtual currency, weapons). Applicants must be 18 or older and a US citizen or permanent resident with an address in the 50 states or DC.
How to apply for Grasshopper Bank Innovator Business Checking
- 1Open the account online at grasshopper.bank in about five minutes through the link on this page.
Source: The provider's official program page · as of Oct 19, 2026
Compare other banking & fintech programs
Grasshopper Bank Innovator Business Checking has eligibility restrictions. These alternatives have no accelerator or investor requirement. Check each provider’s current terms and availability.
Grasshopper Bank Innovator Business Checking: common questions
What do you get with Grasshopper Bank Innovator Business Checking?
Grasshopper Bank Innovator Business Checking offers up to 1.35% APY with Innovator Checking. Innovator Business Checking has no monthly maintenance or overdraft fees and no minimum balance ($100 minimum deposit to open). It offers free unlimited ACH and incoming domestic wires, with up to 1.35% APY (1.00% under $25,000, 1.35% from $25,000 to $250,000, 1.00% above). Earn 1% cash back on signature-based debit card purchases (requires a $10,000 average monthly balance). Standard FDIC insurance to $250,000 per depositor and optional sweep coverage up to $125 million via the Insured Cash Sweep (ICS) program. Rates are variable and subject to change.
Who qualifies for Grasshopper Bank Innovator Business Checking?
Grasshopper Bank Innovator Business Checking is for startups in the US, no funding required. Open to US small businesses outside a few prohibited industries (e.g. adult entertainment, gambling, illegal substances, virtual currency, weapons). Applicants must be 18 or older and a US citizen or permanent resident with an address in the 50 states or DC.
Do I need to be VC-backed or in an accelerator to get Grasshopper Bank Innovator Business Checking?
No. Grasshopper Bank Innovator Business Checking is open to any startup that meets the stated criteria, no investor or accelerator backing required.
How do I apply for Grasshopper Bank Innovator Business Checking?
Open the account online at grasshopper.bank in about five minutes through the link on this page.
How long do I have to use Grasshopper Bank Innovator Business Checking, and does it expire?
Ongoing account. Rates are variable and subject to change.
Is Grasshopper Bank Innovator Business Checking available outside the US?
Grasshopper Bank Innovator Business Checking is available in the US.
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