Grasshopper $300 Business Checking Bonus

Offer at a glance

• Maximum bonus amount: $300
• Availability: Nationwide
• Direct deposit required: None
• Additional requirements: See below
• Hard/soft pull: Soft pull
• ChexSystems: Doesn’t pull
• Credit card funding: None
• Monthly fees: None
• Early account termination fee: Bonus forfeit, 150 days
• Household limit: None
• Expiration date: 1/31/25

The Offer

Direct link to offer (note this is a nerdwallet bonus, we do not receive any commission for using this link)

• Grasshopper is offering a $300 bonus when you open a new checking account and complete the following requirements:
  • Open an eligible Innovator Business Checking account with promo code NW2025 by 1/31/2025 (enter promo code last page before submitting application)
  • Fund your Innovator Business Checking account with $10,000 or more within 30 days of account opening
  • Maintain an average daily balance of $10,000 or greater during the Maintenance Period. (31 days after account opening to 90 days after account opening.)

The Fine Print

• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

This account has no monthly fees to worry about.

Early Account Termination Fee

Grasshopper Bank also reserves the right to reverse the bonus if a New Client closes their Innovator Business Checking Account within 150 days of opening it

Our Verdict

Account earns 1.8% unless you have a $25,000 balance. Looks like you need to tie up funds for ~61 days according to the terms so you’d earn the following with a $10,000 balance:

• ~$30 in interest
• $300 from bonus

If you had the funds in a 5% account you’d earn $83 so this bonus is definitely worth doing if eligible. We will add this to our list of the best bank account bonuses.

Hat tip to Ostrich Rider

Useful posts regarding bank bonuses:

• A Beginners Guide To Bank Account Bonuses
• Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
• PSA: Don’t Call The Bank
• Introduction To ChexSystems
• Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
• What Banks & Credit Unions Do/Don’t Pull ChexSystems?
• How To Use Our Direct Deposit Page For Bank Bonuses Page
• Common Bank Bonus Misconceptions + Why You Should Give Them A Go
• How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
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• Banks That Allow/Don’t Allow Out Of State Checking Applications
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