Axos Basic Business Checking vs Grasshopper Bank: which one fits your business?
Side-by-side comparison of Axos Basic 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 | Axos Basic Business Checking | Grasshopper Bank |
|---|---|---|
| Right fit for small biz | 8 | 7 |
| Ease of use | 8 | 8 |
| Fees & pricing | 9 | 9 |
| Customer support | 6 | 6 |
| Features | 7 | 8 |
| Monthly Maintenance Fee | $0 | $0 |
| Minimum Opening Deposit | $50 | $0 |
| Transaction Limit | 200 per month ($0.30 thereafter) | — |
| ATM Fees | Unlimited domestic reimbursements | — |
| Domestic Outgoing Wire | — | $25 |
| ACH Transfers | — | $0 |
| Debit Card Cash Back | — | 1% (Terms apply) |
Axos Basic Business Checking in one paragraph
A rock-solid, zero-fee utility account for digital-only businesses that want the security of a direct bank relationship without the 'fintech' middleman.
Skip it if: Skip it if your business handles more than $3,000 in physical cash monthly or exceeds 200 transactions regularly.
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, Axos Basic 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 Axos Basic Business Checking?
Skip it if your business handles more than $3,000 in physical cash monthly or exceeds 200 transactions regularly.
Who should skip Grasshopper Bank?
You regularly need to deposit physical cash or require 24/7 phone support for your banking.