Grasshopper Bank vs Small Business Checking: which one fits your business?
Side-by-side comparison of Grasshopper Bank and Small Business Checking — 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 6.3/10).
| Scored on | Grasshopper Bank | Small Business Checking |
|---|---|---|
| Right fit for small biz | 7 | 7 |
| Ease of use | 8 | 6 |
| Fees & pricing | 9 | 6 |
| Customer support | 6 | 5 |
| Features | 8 | 7 |
| Monthly Maintenance Fee | $0 | $12 (waivable) |
| Minimum Opening Deposit | $0 | — |
| Domestic Incoming Wires | $0 | — |
| Domestic Outgoing Wires | Varies ($10-$25) | — |
| ACH Transfers | $0 | — |
| Minimum Balance to Waive | — | $500 |
| Free Transactions | — | 150 per month |
| Cash Deposit Limit | — | $5,000 free per month |
| Domestic Outgoing Wire | — | $30 |
Grasshopper Bank in one paragraph
Grasshopper Bank is a top-tier choice for digital businesses that want to maximize interest income without the overhead of traditional banking fees.
Skip it if: Skip it if your business handles physical cash or you require frequent in-person banking services.
Small Business Checking in one paragraph
A reliable, 'old-school' choice for cash-heavy local businesses that can stay under the 150-transaction limit.
Skip it if: You run a high-volume e-commerce store with more than 150 monthly transactions.
Frequently asked questions
Which is better, Grasshopper Bank or Small Business Checking?
On our five-axis scorecard, Grasshopper Bank scores higher (7.8/10 vs 6.3/10). Grasshopper Bank is a top-tier choice for digital businesses that want to maximize interest income without the overhead of traditional banking fees.
Who should skip Grasshopper Bank?
Skip it if your business handles physical cash or you require frequent in-person banking services.
Who should skip Small Business Checking?
You run a high-volume e-commerce store with more than 150 monthly transactions.