Grasshopper $200 Business Checking Referral Bonus

No longer available for sole props. “The referred business must not be a sole proprietor. Sole proprietors are ineligible for the referral program”

Offer at a glance

• Maximum bonus amount: $200
• 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: None listed 

The Offer

No direct link to offer, use this link and then on the final page of the application enter your referral code. (this link is the terms)

• Grasshopper Bank is offering a $200 referral bonus to both parties when the person signing up for an account has a $2,000 balance on day 90

The Fine Print

• Full terms here.
• 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

There was a $300 bonus but that required a $10,000 deposit for days 31-90. This $200 bonus is comparable when you factor that you don’t need to tie up funds for that long and can have them in a high yield account. Obviously it’s a better deal if you’re referring/being referred by a spouse where you get $400 total. Do not share your referrals in the comments below, instead you can share them in this linked post. We will add this deal to our best business checking bonuses. 

Hat tip to reader favo

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?
• Affiliate Links & Bank Bonuses – We Won’t Be Using Them
• Complete List Of Ways To Close Bank Accounts At Each Bank
• Banks That Allow/Don’t Allow Out Of State Checking Applications
• Bank Bonus Posting Times