BMO Digital Business Checking vs Grasshopper Bank: which one fits your business?
Side-by-side comparison of BMO Digital 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 7.3/10).
| Scored on | BMO Digital Business Checking | Grasshopper Bank |
|---|---|---|
| Right fit for small biz | 8 | 7 |
| Ease of use | 6 | 8 |
| Fees & pricing | 9 | 9 |
| Customer support | 6 | 6 |
| Features | 7 | 8 |
| Monthly Maintenance Fee | $0 | $0 |
| Minimum Opening Deposit | $100 | $0 |
| Free Transactions (Monthly) | 200 | — |
| Domestic Outgoing Wire | Approx. $30 | $25 |
| Cash Deposit Limit (Free) | Up to $3,000 (varies by region) | — |
| ACH Transfers | — | $0 |
| Debit Card Cash Back | — | 1% (Terms apply) |
BMO Digital Business Checking in one paragraph
A reliable, $0-per-month 'real bank' account that is perfect for low-volume service businesses located near a physical branch.
Skip it if: Skip it if you operate a high-volume retail business with over $3,000 in monthly cash deposits or live in a state with no BMO branches.
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, BMO Digital Business Checking or Grasshopper Bank?
On our five-axis scorecard, Grasshopper Bank scores higher (7.8/10 vs 7.3/10). 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 BMO Digital Business Checking?
Skip it if you operate a high-volume retail business with over $3,000 in monthly cash deposits or live in a state with no BMO branches.
Who should skip Grasshopper Bank?
You regularly need to deposit physical cash or require 24/7 phone support for your banking.