← Back to Banking Directory

Grasshopper Bank

Banking for entrepreneurs and investors

Banking Platform (Not a PSP)

Traditional business banking. Not a PSP.

Open Account

Account Types

Business CheckingSavingsLending

Fees

Monthly Fee
Varies
Wire Transfers (Domestic)
Standard fees apply
International Wire
$50
ATM Withdrawal
N/A

Best For

  • Real Estate
  • Investment Firms
  • High-Net-Worth

Not Recommended For

  • Small Businesses
  • Startups
  • High-Risk

KYB Requirements

Entity Type
Corporation, LLC
Minimum Deposit
$25,000+
Time in Business
Varies
Documentation Required
  • • Financials
  • • Business plan
  • • References

Key Features

  • Deposit accounts
  • Lending
  • Cash management
  • High deposit limits
  • Relationship banking

Pros

  • Good for high deposits
  • Relationship managers
  • Lending options
  • Stable platform

Cons

  • High minimums
  • Slower approval
  • Focus on real estate/investment
  • Not for typical SMBs

Available Regions

US

Ready to Open an Account?

Grasshopper Bank is ideal for real estate. Most applications are reviewed within 24-48 hours.

Open AccountView Payment Processors