Warning: Grasshopper opened and then closed accounts due to fraud during the last deal with Finder.
Offer at a glance
- Maximum bonus amount: 300 dollars
- Availability: On a national scale
- Direct deposit required: ANY
- Additional requirements: See below
- Hard/soft pull: Gentle pull
- ChexSystems: It doesn’t attract
- Credit card financing: ANY
- Monthly fees: ANY
- Early account closure fee: Loss of bonus, 150 days
- Family boundary: ANY
- Expiration date: July 31, 2026
Offers
- Grasshopper Bank is offering a $300 bonus when you open a new Innovator Business Checking account with promo code NI300 and meet the following requirements:
- Fund your Innovator Business Checking account with $10,000 or more within 30 days of account opening
- Maintain an average daily balance of $10,000 or more during the Maintenance Period
Fine Press
- All bank account bonuses are treated as income/interest and as such you must pay tax on them
Avoidance of fees
Monthly fees
This account has no monthly fees to worry about.
Early account termination fee
Grasshopper Bank also reserves the right to cancel the bonus if a New Customer closes their Innovator Business Checking account within 150 days of opening, is the word that usually appears in these offers, but is not sure to appear this time.
Our verdict
It works out to an effective APY of 20%, unfortunately I think the chances of you getting approved are low (or should I say you might get approved and then rejected) based on the latest promotion with Finder. Grasshopper is claiming high fraud rates in that case, but I don’t see how that’s possible. Think this is an easy skip because of that and won’t make it to our best bank bonus page.
Hat tip to the reader Frey
Useful posts about bank bonuses:
