EverBank Business Checking vs Grasshopper Bank: which one fits your business?
Side-by-side comparison of EverBank 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 (8.1/10 vs 7.5/10).
| Scored on | EverBank Business Checking | Grasshopper Bank |
|---|---|---|
| Right fit for small biz | 8 | 8 |
| Ease of use | 7 | 8 |
| Fees & pricing | 9 | 9 |
| Customer support | 6 | 7 |
| Features | 7 | 8 |
| Monthly Maintenance Fee | $0 | $0 |
| Minimum Opening Deposit | $1,500 | $0 |
| Outbound Domestic Wire | $25 | — |
| Transactions included | 200 per month | — |
| Domestic Incoming Wires | — | $0 |
| Domestic Outgoing Wires | — | $0 - $25 (varies by tier) |
| ACH Transfers | — | $0 |
EverBank Business Checking in one paragraph
A powerhouse for businesses with idle cash who want a zero-fee, high-interest home at a stable national bank.
Skip it if: Skip it if your business handles a high volume of physical cash or you need a bank with a branch in every city.
Grasshopper Bank in one paragraph
Grasshopper is a top-tier digital bank for professional service firms and startups that want to earn 'savings-account' interest on their 'checking-account' operational cash.
Skip it if: Skip it if you are a retail business that needs to deposit physical cash at the end of every shift.
Frequently asked questions
Which is better, EverBank Business Checking or Grasshopper Bank?
On our five-axis scorecard, Grasshopper Bank scores higher (8.1/10 vs 7.5/10). Grasshopper is a top-tier digital bank for professional service firms and startups that want to earn 'savings-account' interest on their 'checking-account' operational cash.
Who should skip EverBank Business Checking?
Skip it if your business handles a high volume of physical cash or you need a bank with a branch in every city.
Who should skip Grasshopper Bank?
Skip it if you are a retail business that needs to deposit physical cash at the end of every shift.