How to Use Grasshopper Bank for Business Banking Online (Complete Guide for Entrepreneurs)

Get started with Grasshopper to open your business bank account online, earn interest on your balance, and simplify your finances here: https://startupwise.com/grasshopper/ In this video, I go over how to use Grasshopper Bank for business banking online, walking you through everything from opening your account to sending payments and earning interest on your balance. Whether you’re a freelancer, solopreneur, or small business owner looking for a modern alternative to traditional banks, I’ll explain step by step how Grasshopper makes digital banking simple and tailored for online businesses. Our favorite business must-haves: 💳 Best business credit cards: https://startupwise.com/creditcards 🏦 Novo (best business bank): https://startupwise.com/novo 🖥️ Best AI website builder ($3/month using code STARTUPWISE): https://startupwise.com/hostinger/ ⚙️ Northwest (best $39 LLC formation service): https://startupwise.com/northwestLLC 💰 Payroll with Gusto (get 2 months free!): https://startupwise.com/gusto 👨💼 Best overseas staffing agency (save 80% on payroll): https://paired.so/startupwise Be sure to watch this video until the end because I’ll break down whether Grasshopper is a good choice for startups and small businesses that want low fees, built-in tools, and an easy setup process. If you’re tired of old-school banks that feel like they’re made for big corporations, Grasshopper offers a faster way to manage your business finances online without sacrificing security or convenience. The biggest benefits of Grasshopper include no monthly fees, free incoming transfers, built-in invoicing, cash back on debit card purchases, and high-yield interest on checking and savings balances. The pros are clear for digital-first businesses: automation, efficiency, and flexibility, but the cons are that it doesn’t support cash deposits, physical checks, or weekend customer support. Overall, it’s a strong option if your business operates primarily online and you're looking for a bank tailored to the way modern entrepreneurs work. If you found this video helpful, be sure to check out our other videos on: Grasshopper Bank Review for Entrepreneurs: Is It Worth It in 2025?: https://youtu.be/fHtMYkwWgE8 How to Send and Receive Payments with Grasshopper Bank: https://youtu.be/3BQzRaFpMIs Request New Videos Here: https://forms.gle/k9TtfauggkEpAWNQA More tutorials on our website: https://www.startupwise.com Thanks for watching! I hope you have a wonderful day! – Ashley #GrasshopperBank #BusinessBankingOnline #SmallBusinessBanking Timeline: 0:00 - Introduction 0:35 - What is Grasshopper Bank? 1:14 - Step 1: How to Open a Grasshopper Business Account 2:21 - Step 2: Getting Paid and Receiving Transfers 3:11 - Step 3: Making Payments and Managing Expenses 4:04 - Step 4: Earning Interest on Your Balance 4:41 - Step 5: Using the Business Savings Account 5:15 - Step 6: Tracking and Organizing Your Finances 6:09 - How to Transfer Funds? 7:25 - Things to Know Before You Use It 8:36 - Conclusion Disclaimer: Some of the links above may be affiliate links, meaning I may receive a small commission if you click on them. The commission is paid by the retailers at no cost to you, and this helps to support our channel and keep our videos free. Thank you! All info from our videos is compiled from online sources and our own experience, and we encourage you to do your due diligence. We appreciate your viewership! In addition, we are not financial advisors. StartupWise does not provide tax, legal, or accounting advice. The ideas presented in this video are for entertainment purposes only. Please do your due diligence before making any financial decisions.