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:
William Charles
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