American Express Business Checking vs Grasshopper Bank: which one fits your business?
Side-by-side comparison of American Express Business Checking and Grasshopper Bank — fees, features, ease, support, and which one fits your business. Scored on the same rubric.
Short answer: Grasshopper Bank wins on our scorecard (7.8/10 vs 7.7/10).
| Scored on | American Express Business Checking | Grasshopper Bank |
|---|---|---|
| Right fit for small biz | 7 | 7 |
| Ease of use | 8 | 8 |
| Fees & pricing | 9 | 9 |
| Customer support | 7 | 6 |
| Features | 7 | 8 |
| Monthly Maintenance Fee | $0 | $0 |
| Domestic ACH | $0 | — |
| Incoming Wires | $0 | — |
| Minimum Opening Deposit | $0 | $0 |
| Domestic Outgoing Wire | — | $25 |
| ACH Transfers | — | $0 |
| Debit Card Cash Back | — | 1% (Terms apply) |
American Express Business Checking in one paragraph
A powerhouse for existing Amex loyalists who want to earn passive interest on their cash without the headache of monthly maintenance fees.
Skip it if: You need to deposit physical cash regularly or require Zelle to pay your contractors.
Grasshopper Bank in one paragraph
A top-tier choice for digital businesses that want to earn 1% cash back on daily spending without the hassle of a credit card application.
Skip it if: You regularly need to deposit physical cash or require 24/7 phone support for your banking.
Frequently asked questions
Which is better, American Express Business Checking or Grasshopper Bank?
On our five-axis scorecard, Grasshopper Bank scores higher (7.8/10 vs 7.7/10). A top-tier choice for digital businesses that want to earn 1% cash back on daily spending without the hassle of a credit card application.
Who should skip American Express Business Checking?
You need to deposit physical cash regularly or require Zelle to pay your contractors.
Who should skip Grasshopper Bank?
You regularly need to deposit physical cash or require 24/7 phone support for your banking.