Offers
- Grasshopper Bank is offering a bonus of up to $750 when you sign up and fund an existing Innovative Business Checking account until May 15, 2026. The bonus you receive depends on the amount you fund your account with new money not currently held at Grasshopper Bank:
- Deposit $50,000 or more: Earn a $750 checking bonus.
- Deposit $25,000 – $49,999: Earn a $500 checking bonus.
- Deposit $10,000 – $24,999: Earn a $300 checking bonus.
- You must also maintain an average balance of $10,000 or more in your checking account from May 16, 2026, to July 15, 2026
Fine Press
- This promotion is non-transferable and limited to individuals who have received the offer through direct communications from Grasshopper Bank. You are not eligible for this offer if you are a “New Customer” or received a promotional bonus when opening your Innovator Business Control account. For purposes of this promotion, a “New Customer” is defined as any Innovative Business Control account holder whose account has been open for less than 30 days.
- Only one Grasshopper Bank account bonus offer per business owner or authorized signatory, regardless of the number of businesses owned or operated by the customer. No ability to accumulate bonus offers.
- Promotional Terms and Period: To receive the bonus associated with this promotion, eligible customers must meet the eligibility criteria described in the previous section and 1) register and fund an existing Innovator Business Checking account with $10,000.00 or more in new money* by 11:59:59 PM EST May 52. 2.) Maintain an average balance of $10,000 or more during the “Maintenance Period” in that eligible Innovator Business Checking account.
- *New Money is new funds deposited into your Innovator Business Checking Account that are not internal transfers from other Grasshopper Bank accounts.
- You can earn a check bonus based on your deposit amount:
- Deposit $50,000 or more: Earn a $750 checking bonus.
- Deposit $25,000-$49,999: Earn a $500 checking bonus.
- Deposit $10,000-$24,999: Earn a $300 checking bonus.
- Deposit $50,000 or more: Earn a $750 checking bonus.
- The maintenance period begins at 12:00:01 AM on May 16, 2026 and ends at 11:59:59 PM on July 15, 2026.
- Maintain an average balance of $50,000 or more: Earn a $750 savings bonus.
- Maintain an average balance of $25,000-$49,999: Earn a $500 savings bonus.
- Maintain an average balance of $10,000-$24,999: Earn a $300 savings bonus.
- Maintain an average balance of $50,000 or more: Earn a $750 savings bonus.
- To qualify, you must meet the specified deposit and balance requirements for this special checking offer.
- Notice: If an Eligible Customer meets all eligibility requirements and promotion conditions, Grasshopper Bank will deposit the bonus into their Innovator Business Checking account by August 14, 2026, which is defined as within 30 days of the end of the Maintenance Period, provided the account is not closed or blocked. Limitation of Liability: Grasshopper Bank and its respective officers, directors, employees, representatives and agents shall have no responsibility and shall be held harmless from entrants for any damage, loss or liability to persons or property caused in whole or in part, directly or indirectly, by reason of the acceptance, possession, use or misuse of the prize or participation in this promotion. Grasshopper Bank reserves the right in its sole discretion to modify or terminate the promotion at any time and to disqualify any participant for any reason, including suspected fraud, misuse or other misconduct. It may also close any Grasshopper Bank accounts you may have with us. Grasshopper Bank also reserves the right to cancel the bonus if an eligible customer closes their Innovator Business Checking Account within 150 days of its opening. Miscellaneous: The bonus associated with this promotion is considered interest and will be reported on IRS Form 1099-INT. You are responsible for any federal or state taxes resulting from the promotion. Please consult your tax advisor if you have questions about the tax treatment.
- 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
ANY
Our verdict
This account earns 1.01% APY. The terms also state that ‘You are not eligible for this offer if you are a “New Customer” or received a promotional bonus when opening your Innovator Business Control account.’ I suspect most readers will have used a referral bonus in the past to open an account, but some will have done so $300 spot bonus.
My reading is that readers would be disqualified if they had done one before, so it’s not worth considering. It is possible that a referral bonus is not considered a promotional bonus, but it is not worth the risk in my opinion. Since this is targeted, I won’t add it to the best bank bonus site.
Hat tip to the reader Celia
Useful posts about bank bonuses:
- A Beginner’s Guide to Bank Account Bonuses
- Bank Account Quick Reference Table (Calculated Sheet) (very useful for ranking bonuses according to different parameters)
- PSA: Don’t call the bank
- Login to ChexSystems
- Banks and credit unions that are sensitive to ChexSystems requirements
- What Banks and Credit Unions Do/Do Not Attract ChexSystems?
- How to use our direct deposit site for banking bonuses site
- Common Bonus Bank Misconceptions + Why You Should Give Them a Go
- How many bank accounts can I safely open in a year for the purposes of the bank bonus?
- Affiliate links and bank bonuses – We will not use them
- Complete list of ways to close bank accounts in each bank
- Banks that allow/disallow overseas check applications
- Bank bonus posting time
