Innovator Business Checking
Account terms and deposit structure with claim-level evidence and unresolved questions.
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Evidence and open questions · 9 supported · 2 open
Follow-up first-party review on October 1, 2026 added or updated: Transactions, Cash deposits, ATM access, Deposit insurance. Other claims retain their individual evidence status; this is not a blanket certification.
Not established in the retrieved material for this specific account; check the account agreement.
Source 1Tiered variable APY: 1.35% for balances $25,000–$250,000; 1.00% below and above that tier.
Source 1No transaction-count allowance. Standard and same-day ACH are free; outgoing domestic wires cost $10, incoming international wires $5 and outgoing international wires $25. Transfer-dollar limits may still apply.
Source 1Free cash deposits at select MoneyPass ATMs enabled to accept deposits. Check the specific ATM before visiting.
Source 1Free cash withdrawals at MoneyPass and SUM ATMs; this does not establish fees outside those networks.
Source 1Standard FDIC coverage is $250,000 per depositor, per insured bank, per ownership category. Enhanced program coverage has separate conditions.
Source 1Not established in the retrieved material for this specific account; check the account agreement.
Source 1“Verified” means the linked source states this claim, not that every applicant receives the advertised terms. “Unverified” means the review did not establish the claim; it does not mean the provider publishes no information. Conflicts can reflect retrieval freshness or different offers. How we verify
Application requirements
Not verified in this review; confirm the exact offer.
Check the exact business type, ownership documents and location rules before applying. A listed requirement does not guarantee approval.
Account at a Glance
Where the Deposits Sit
Grasshopper Bank, N.A., Member FDIC.
Standard FDIC coverage is $250,000 per depositor, per insured bank, per ownership category. Enhanced program coverage has separate conditions.
Earlier source ledger
These dated records preserve earlier research. Use the claim evidence above for the latest review and any conflicts.
Current page describes Innovator Business Checking eligibility for qualifying U.S. small-business owners, with exclusions for certain prohibited industries and additional onboarding restrictions.
Grasshopper currently advertises Innovator Business Checking with up to 1.35% APY, 1% cash back, no monthly fee, and unlimited transactions.