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 (7.8/10 vs 7.5/10).
| Scored on | EverBank Business Checking | Grasshopper Bank |
|---|---|---|
| Right fit for small biz | 8 | 7 |
| Ease of use | 7 | 8 |
| Fees & pricing | 9 | 9 |
| Customer support | 6 | 6 |
| Features | 7 | 8 |
| Monthly maintenance fee | $0 | — |
| Minimum opening deposit | $1,500 | — |
| Free monthly transactions | 200 | — |
| Incoming domestic wires | $0 | — |
| Monthly Maintenance Fee | — | $0 |
| Minimum Opening Deposit | — | $0 |
| Domestic Outgoing Wire | — | $25 |
| ACH Transfers | — | $0 |
| Debit Card Cash Back | — | 1% (Terms apply) |
EverBank Business Checking in one paragraph
A powerhouse for business owners who want a high-yield, zero-fee account from a 'real' bank rather than a fintech startup.
Skip it if: You handle large amounts of physical cash or need 24/7 phone support.
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, EverBank Business Checking or Grasshopper Bank?
On our five-axis scorecard, Grasshopper Bank scores higher (7.8/10 vs 7.5/10). 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 EverBank Business Checking?
You handle large amounts of physical cash or need 24/7 phone support.
Who should skip Grasshopper Bank?
You regularly need to deposit physical cash or require 24/7 phone support for your banking.