Grasshopper Bank

261 5th Ave, Suite 610, 10016, New York, United States
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3.40
Based on 20 Reviews

5

55.00%

4

0.00%

3

10.00%

2

0.00%

1

35.00%
About Grasshopper Bank

Privately owned and headquartered in New York City, Grasshopper is client-first digital bank built for the business and innovation economy with an obsession for providing leading-edge technology, solutions-driven products and superior service through a combination of passionate people and digital resources. Grasshopper replaces the traditional one-size-fits-all approach to banking with a suite of products and services tailored to specific industries and a passionate team of experts with deep expertise in their fields. Grasshopper’s banking solutions cover small business, startups, venture capital and private equity firms, fintech-focused Banking-as-a-Service (BaaS) and commercial API banking platforms, SBA lending, commercial real estate lending, and yacht financing. As a federally chartered commercial bank, Grasshopper is a member of the Federal Deposit Insurance Corporation and is an Equal Housing/Equal Opportunity Lender.

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Brian Hulse
GB

Easy Setup, but Issues The setup for my business account was quite simple and the customer support response time is excellent. However, the website leaves a bit to be desired. I am fairly computer literate, but it is just not intuitive especially when trying to open a subaccount. I actually gave up trying and will just use my single account while I decide whether or not to stay with Grasshopper. Also, the time it takes for funds to show up in the account is unreasonable in this day and age. I understand Grasshopper is trying to protect itself, but 5 days for a mobile deposit is ridiculous.

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Lita
GB

Was turned away from this bank for no… Was turned away from this bank for no apparent reason and when I went to support for guidance on the matter and how I can liken my chances moving forward, meaning, what else I can provide to prove my business' credibility, I was given blanket answers copy and pasted from their emails, my questions were disregarded and then I was told altogether that I would never be accepted by their bank...All this because I simply came with questions...Terrible customer service.

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Peter Fox
AU

Don't waste your time Don't waste your time: you'll be asked a million questions and be encouraged to do so by a positive introductory phone call - but that doesn't mean Grasshopper Bank will proceed to open your account. In my case, despite $75,000+ in idle balances and no debt , they decided they wouldn't. And then they refused to delete the confidential business information I provided. As I said, don't waste your time. Grasshopper? NOHOPER!!!

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Andrew Fields
GB

Great bank that supports start-ups The team at Grasshopper is always really easy to work with. They're one of the few banks who care about start-ups and small businesses. Always a pleasure doing business with them.

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Mel Mills
GB

Shady Bank My business account was suddenly closed without warning with vague details as to the nature of the cause. No instructions or timeline were given for the return of my funds. They're acting very much like a fraudulent scam entity from another country. According to other reviews, the BBB, etc., this is a common problem. I would not recommend banking with them.

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