Grasshopper Bank vs Tailored Checking: which one fits your business?
Side-by-side comparison of Grasshopper Bank and Tailored 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 7.3/10).
| Scored on | Grasshopper Bank | Tailored Checking |
|---|---|---|
| Right fit for small biz | 7 | 8 |
| Ease of use | 8 | 7 |
| Fees & pricing | 9 | 7 |
| Customer support | 6 | 6 |
| Features | 8 | 8 |
| Monthly Maintenance Fee | $0 | $10 (waived with $5k balance) |
| Minimum Opening Deposit | $0 | — |
| Domestic Outgoing Wire | $25 | — |
| ACH Transfers | $0 | — |
| Debit Card Cash Back | 1% (Terms apply) | 1% |
| ATM Fee (In-Network) | — | $0 (MoneyPass/SUM) |
| Incoming Domestic Wire | — | $0 |
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.
Tailored Checking in one paragraph
A reliable, interest-bearing workhorse for businesses that keep $5,000+ in the bank and want the security of a chartered national bank.
Skip it if: You can't maintain a $5,000 balance or you do 90% of your business in physical cash.
Frequently asked questions
Which is better, Grasshopper Bank or Tailored Checking?
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 Grasshopper Bank?
You regularly need to deposit physical cash or require 24/7 phone support for your banking.
Who should skip Tailored Checking?
You can't maintain a $5,000 balance or you do 90% of your business in physical cash.