Grasshopper Bank

Grasshopper Bank, N.A. offers banking-as-a-service, API banking and accounts for small businesses, startups and fintech partners. Its address is in New York.

Services The listed services are BaaS, API banking, business accounts and corporate cards. Payment channels are ACH and SWIFT. The bank publishes its target segments as fintech companies and businesses or enterprises, which is a statement of focus and not a guarantee of eligibility.

Partnership model Grasshopper is a bank, so programme terms and the onboarding of fintech partners are reviewed separately from the opening of an ordinary account. A start-up planning to build a product on the bank's rails should expect a partner review and agree programme conditions in advance.

Deposit protection The bank states on its website that it is an FDIC member. Protection applies only to qualifying bank deposits, not to every product or investment, and not to the risk of a non-bank intermediary.

Who it suits The set fits start-ups and fintechs that want embedded accounts and corporate cards through an API, and small businesses that prefer a digital bank for everyday banking.