Grasshopper Bank for Small Businesses & Startups: $200 New Account Bonus & $200 Referral Rewards

Grasshopper Bank offers digital banking and financing solutions for small businesses, fintech companies and startups, so that your business can secure operating accounts, access flexible lending solutions, and utilize powerful digital tools to help support your business at every stage of development.

With the Grasshopper Innovator Business Checking Account, your business can earn up to a 3.00% APY and 1% cash back with unlimited transactions and no monthly maintenance fees, plus your deposits are FDIC-insured up to $250,000.

Through the Grasshopper Bank Refer-A-Business Program, when you open a new Grasshopper Bank account for your business or startup, you can earn a $200 cash bonus when you have a balance of at least $2,000 on the 90th day of account opening.

Once you have an active Grasshopper Bank account for 90+ days in good standing, you can also participate in the Grasshopper Bank Referral Program and earn a $200 bonus for each new business and startup that you successfully refer for up to $2,400 per year.

If you are the owner of a small business or startup (referral bonuses are NOT available for sole proprietors), participate in the Grasshopper Bank Referral Program to earn an extra $200 bonus when you open your new digital banking account and an additional $200 bonus for each new business or startup that you refer.

For small businesses in need of financing, you may also be interested in utilizing the Brex Corporate Card or FundThrough Invoice Funding for more business solutions.

Grasshopper $200 New Business Account Bonus via Referral

1. In order to participate in this offer, you must be a small business or startup owner (sole proprietors are NOT eligible for the referral bonus).

2. Open a new Grasshopper Bank account, such as the Grasshopper Innovator Business Checking Account (there is no No ChexSystems, no Early Warning Services (EWS), and no credit pull at account opening).

3. Enter Referral Code be7e0c82ecf5 during the account opening process (referral code provided by reader).

4. You must have a minimum balance of $2,000 on the 90th day of account opening to receive the $200 bonus, which will be credited to your bank account.

5. The referred business must be a new client to Grasshopper Bank, must not have any prior Grasshopper Bank accounts (personal or business), and must not be a sole proprietor. Sole proprietors are ineligible for the referral program.

Grasshopper Innovator Business Checking Account

The Innovator Business Checking Account is available to all small business owners, not including those in the following industries: adult entertainment, gambling, illegal substances, virtual currency, or weapons and firearms.

• Apply online in as little as 5 minutes.
• No monthly maintenance or overdraft fees.
• Unlimited ACH transfers, incoming domestic wires, and fee-free transactions.
• Earn up to 1.35% APY with Innovator Checking, plus up to 3.00% APY with Innovator Money Market Savings Account.
• Earn unlimited 1% cash back on online and signature-based purchases with your free Visa debit card or virtual cards.
• Access powerful digital tools from any device at any time.

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 1 of the 50 states or District of Columbia. U.S. Territories, including Puerto Rico, are ineligible.

Grasshopper Bank $200 Refer-A-Business Bonuses

Through the Grasshopper Bank Referral Program, you can earn a $200 bonus for each successful business referral that you provide for up to $2,400 per year.

A successful referral occurs when the referred business has a minimum balance of $2,000 on their 90th day of account opening.

In order to participate, you must have an active Grasshopper Bank account in good standing for 90+ days, which means no non-sufficient funds (NSF) items during the preceding 12 calendar months.

Once you are eligible, you can share your unique Grasshopper Bank referral code with other business associates, which they must enter during the account opening process.

After the referred business completes the 90-day qualification period by having a minimum balance of $2,000 on their 90th day after account opening, you will both receive the $200 bonuses in your bank accounts.

As a referrer, you may earn a maximum of $2,400 in referral bonuses per calendar year, which equals up to 12 successful referrals.

Both referrers and referred businesses are limited to 1 bonus per referred business, so the same business opening multiple accounts will not qualify for multiple referral bonuses.

To qualify for a referral incentive from Grasshopper Bank, U.S citizens must have a
valid IRS Form W-9 on file, and non-U.S. citizens must submit IRS Form W-8BEN.

If you are a Grasshopper Bank member, please feel free to share your user experiences along with your unique Grasshopper Bank referral codes in the below comments, so that everybody can participate in the Grasshopper Bank Refer-A-Business Program to earn extra $200 cash bonuses.