Bluevine vs. Grasshopper
Discover how Bluevine compares to Grasshopper, another online banking platform for businesses.
Open accountSmall differences that
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Bluevine is built for businesses like yours, which is why we prioritize what's important to you.
Earn up to 3.0% APY, right in your checking account¹ — no need to move funds.
Access lines of credit and term loans to help with cash flow management.
Access robust accounts payable with bill forwarding, auto capture, and more.
See how Bluevine stacks up.
Every business’s needs are unique—and every banking platform has differences that make it stand apart. Take a look at how Bluevine stacks up versus Grasshopper to decide which banking solution is best for your business.
 | Grasshopper | |
|---|---|---|
| APY | Up to 3.0%1 on checking balances | Up to 1.35% APY on checking (1.00% on balances under $25K and over $250K; 1.35% on $25K–$250K); requires $25,000 minimum balance for top rate |
| Account options | 3 plans, with waivable monthly fees of $0, $30, and $95 | 1 plan (Innovator Business Checking) with no monthly fee; no tiered plan structure |
| Cash deposits | Yes, at AllPoint+ and Green Dot locations2 | Not available; Grasshopper is a digital-only bank and does not support cash deposits |
| FDIC insurance | Up to $3,000,000 via Coastal Community Bank, Member FDIC3 | Up to $250,000 standard; up to $125 million via ICS sweep network through Grasshopper Bank, N.A., Member FDIC |
| Sub-accounts | Up to 20 with dedicated account numbers | Not available; no sub-account functionality offered |
| Minimum deposit | None | $100 minimum opening deposit |
| Monthly fees | No monthly fees on Standard plan4, waivable $30 fee for Plus plan, and waivable $95 fee for Premier plan | $0 monthly fee |
| Debit cards | Physical and virtual cards available for the whole team5 | Visa debit card included; virtual debit cards available for team-based card management |
| User permissions | Custom permissions available, including accountants6 | Up to 4 signers per account; basic user management and approval workflows available |
| Mobile check deposits | 97% of checks disbursed same day, can take up to 5 business days | Unlimited mobile check deposits at no additional charge |
| ATM fees | No fees for in-network transactions2 | Fee-free ATM withdrawals via MoneyPass and SUM networks (45,500+ ATMs) |
| Fraud protection | Fraud monitoring, card locking, ACH debit controls with Plus plan and positive pay for the Premier plan | Dual control, multi-factor authentication; no ACH debit controls or positive pay mentioned |
| Software integrations | QuickBooks Online7, Expensify, Shopify, Stripe, Xero, and more | QuickBooks Online, Xero, Autobooks (built-in), Plaid, ChatGPT, and Claude integrations |
| Financing type(s) | Line of credit, plus term loans and SBA loans through partners8 | SBA 7(a) and 504 loans (direct, as SBA Preferred Lender); Innovator Term Loan ($25K–$200K); no line of credit offered |
| Lending amounts | Credit lines up to $250,0008; term loans up to $500,000 through our lending partners9 | SBA 7(a) loans from $250K to $5M; Innovator Term Loans from $25K to $200K |
| Repayment terms | Weekly or monthly repayment terms over 3, 6, or 12 months | SBA loans up to 25 years (real estate) or 10 years (working capital); Innovator Term Loan up to 36 months |
| Unlimited invoicing | Yes | Yes, via built-in Autobooks integration; included at no charge |
| Branded invoices | Yes, free | Basic invoicing via Autobooks; limited customization compared to dedicated invoicing platforms |
| Payment links | Yes, managed directly in Bluevine dashboard | Not confirmed — Autobooks supports online invoice payments but dedicated payment links not documented |
| Tap to Pay | Yes, accept contactless payments via Tap to Pay | Not available |
| ACH direct debit | Yes, with a 1% fee across all plans (via Stripe)10 | Not available as a payment acceptance feature for incoming customer payments |
| AP offering | Bill forwarding, auto capture, approval workflows, and scheduling in all plans11 | Basic bill pay to make or schedule payments via paper check or ACH; no bill forwarding, auto capture, or advanced AP automation |
| International payments | Up to $25 per transfer, based on plan (+up to 1.5% if non-USD)12 | $25 per outgoing international wire; $5 per incoming international wire; foreign currency wires available |
| Domestic outgoing wire fees | Up to $15 per transaction, based on plan13 | $10 per outgoing domestic wire (rebated if $25,000+ average monthly balance maintained); incoming domestic wires free |
Bluevine is the largest small business banking platform in the U.S.10
10+
years in business
900K+
years in business
$1.8B+
years in business
$16B
years in business
Is Bluevine or Grasshopper better for my business?
If you’re comparing Grasshopper vs. Bluevine, only you can decide which platform is better for your business. There are certain factors you might want to consider, including: whether earning a higher APY on your checking balance matters to you (Bluevine offers up to 3.0% APY on checking; Grasshopper offers up to 1.35%); whether you need access to a line of credit (you can apply for one through Bluevine; Grasshopper does not offer lines of credit); whether cash deposits are important for your day-to-day operations (Bluevine supports cash deposits at 91,500+ retail locations; Grasshopper does not accept cash deposits); and whether you need sub-accounts to organize your finances (Bluevine offers up to 20; Grasshopper does not offer sub-accounts). Read more about Bluevine’s products and services here.
What are the biggest differences between Bluevine and Grasshopper?
In the comparison of Grasshopper vs. Bluevine, one of the biggest differences is the APY you can earn on checking. With Grasshopper, the Innovator Business Checking account earns up to 1.35% APY, but only on balances between $25,000 and $250,000 — balances above $250,000 drop back to 1.00%. With Bluevine, the Standard plan earns 1.3% APY16 on checking balances that meet activity requirements, while Plus earns 1.75% APY17 and Premier earns 3.0% APY18 after a monthly fee. Bluevine’s Premier plan has no cap on interest-earning balances, meaning all your operating cash can earn the top rate.
Another key difference is lending. You can apply for a Bluevine Line of Credit up to $250,000 and term loans up to $500,000 through lending partners. Grasshopper offers SBA loans and an Innovator Term Loan ($25K–$200K) but does not offer a revolving line of credit for working capital.
Finally, Bluevine includes accounts payable features — bill forwarding, auto capture, approval workflows, and scheduling — in all plans at no extra cost. Grasshopper offers basic bill pay for making and scheduling payments but does not include advanced AP automation features like bill forwarding or auto capture.
What do I need to apply for a Bluevine Business Checking account?
Required documentation may vary slightly depending on what type of entity your business is, but this information broadly falls into three categories:
- Sign-in info: Full name, email address, mobile phone number, and a secure password.
- Business info: Trade name or DBA name, business address and phone number, EIN confirmation letter, annual revenue, entity type, and your industry.
- Personal info (you + anyone owning 25%+ of the business): Home address and phone number, date of birth, SSN, and ownership percentage of the business. We may also ask for the front and back of your driver’s license.
What are the differences between Bluevine Standard, Plus, and Premier?
We currently offer three Bluevine Business Checking plans: Standard, Plus, and Premier. Our Standard plan comes with 1.3% APY,16 no monthly fees, a three-month free membership to Xero,19 and FDIC insurance up to $3 million through Coastal Community Bank, Member FDIC.3 With our Plus plan, you get all the great benefits of our Standard plan, and 1.75% APY,17 20% off most Standard payment fees, six months of Xero, and more for a waivable $30/month fee. Finally, with our Premier plan, you’ll enjoy 3.0% APY18 on all checking balances, 50% off most Standard payment fees, six months of Xero, and access to priority customer support for a waivable $95/month fee.
Are Bluevine accounts FDIC insured?
Yes, Bluevine accounts are FDIC insured up to $3,000,000 per depositor through Coastal Community Bank, Member FDIC and our program banks. $3,000,000 in FDIC insurance is offered by multiplying the standard $250,000 FDIC coverage across multiple banks.
How can my business be considered for all Bluevine Line of Credit repayment plans?
While being a Bluevine Business Checking customer is not required to apply for a line of credit, if you open a business checking account you’ll be considered for all our weekly and monthly repayment plans.
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Disclaimers
‡ The national average and comparison are based on interest rates paid by U.S. depository institutions as calculated by the FDIC.
◊ Applications are subject to credit approval. Rates and terms may vary based on your creditworthiness and are subject to change. Eligibility for the maximum funding amount is available only to applicants with the strongest credit profiles. Offerings and eligibility requirements vary by partner.
1 Premier and Plus plan customers automatically earn annual percentage yield (“APY”) on their available balances. Standard plan customers will earn interest on their available balances if they meet an eligibility requirement as detailed in the Terms of Interest Accrual which is incorporated as a part of the Bluevine Business Checking Account Agreement.
2 A $4.95 per transaction fee is applicable when depositing funds at Green Dot® locations. A fee of $1.00 plus 0.5% of your total deposit amount applies when depositing funds at Allpoint+ ATMs. Bluevine charges a $2.50 fee for ATM transactions outside of the MoneyPass® network. Additional third-party ATM fees may vary by ATM operator.
3 Bluevine accounts are FDIC insured up to $3,000,000 per depositor through Coastal Community Bank, Member FDIC and our program banks. $3,000,000 in FDIC insurance is offered by multiplying the standard $250,000 FDIC coverage across multiple banks. For complete details, please visit https://www.bluevine.com/business-checking/fdic-protection
4 No monthly fee only applies to the Bluevine Business Checking account Standard plan.
5 The Bluevine Business Debit Mastercard is issued by Coastal Community Bank, Member FDIC, pursuant to a license from Mastercard International Incorporated and may be used everywhere Mastercard is accepted. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated.
6 Customers and Account Administrators are fully responsible for all activity and actions taken by any Additional User, as well as adherence to all terms and conditions. Bluevine and its partners are not responsible for any Additional User action or activity.
7 QuickBooks and QuickBooks Online are registered trademarks and service marks of Intuit Inc., displayed under license. Coastal Community Bank, Member FDIC is not affiliated with this product.
8 Applications are subject to credit approval. Rates, credit lines, and terms may vary based on your creditworthiness and are subject to change. Eligibility for the lowest rates is available only to applicants with the strongest credit profiles. Factors include FICO score, time in business, monthly revenue, and payment history. Additional fees apply.
9 Applications are subject to credit approval. Rates and terms may vary based on your creditworthiness and are subject to change. Eligibility for the maximum funding amount is available only to applicants with the strongest credit profiles. Offerings and eligibility requirements vary by partner.
10 Invoices processed with standard ACH, cash, and other payment forms outside of Stripe are free. Payments processed through your linked Stripe account will incur a fee based on the payment type: credit card, debit card, and digital wallet payments have a 2.9% + $0.60 fee, while ACH direct debit payments have a 1% fee. In-person payments processed via Tap to Pay will incur a fee of 2.7% + $0.30.
11 Payment fees depend on your selected account plan. Check payments sent from your Bluevine dashboard have a $1.50 fee per check. Plus and Premier plans come with a limited number of free check payments. The fee will apply for each additional check payment. Same-day ACH payments have a fee of up to $10, and must be submitted by 2:00pm ET to arrive same-day. Outgoing wires have a fee of up to $15.
12 International payments sent in U.S. dollars come with a fee of up to $25 USD per payment, depending on your selected account plan. For payments sent in a foreign currency, also pay up to 1.5% of payment amount as converted to USD. The only eligible funding method for outgoing international payments is Bluevine Business Checking accounts. Incoming international payments come with a fee of up to $15 USD per payment, depending on your selected account plan. Payments are sent out and received from 8am–5pm ET every business day. Timing may vary based on sender or recipient bank and country, and whether payment is sent during business hours. International payments are available to most businesses, subject to eligibility determined by Bluevine. Exceptions include businesses based in Nevada or in the categories of finance, insurance, or mining.
13 Outgoing wires have a fee of up to $15, depending on your selected account plan.
14 As compared to publicly available data on the number of lifetime customer accounts held by other U.S. banking platforms dedicated to small businesses that offer both checking and lending services, as of January 2026.
15 Customer and lending statistics include Paycheck Protection Program.
16 Standard plan customers will earn 1.3% annual percentage yield (APY) on total balances up to $250,000 for a given month only if they meet at least one Eligibility Requirement during that month’s Eligibility Period as described in the Terms of Interest Accrual. No interest earned on balances over $250,000. The national average and comparison are based on interest rates paid by U.S. depository institutions as calculated by the FDIC.
17 Bluevine Plus customers will earn 1.75% annual percentage yield (“APY”) on total Bluevine Business Checking balances up to $250,000. No interest earned on balances over $250,000. Any interest accrued and payable for an account or sub-account will be paid to your main account.
18 Bluevine Premier customers will earn 3.0% annual percentage yield (“APY”) on total Bluevine Business Checking balances. Any interest accrued and payable for an account or sub-account will be paid to your main account. Enrollment in Bluevine Premier is not required to receive increased FDIC insurance coverage. Customers automatically receive increased FDIC coverage unless they have opted out of the Bluevine Business Checking Account Agreement Sweep Program.
19 Review Xero Trial Promotional Terms.
Bluevine is a financial technology company, not a bank. Banking Services provided by Coastal Community Bank, Member FDIC. FDIC insurance only covers the failure of an FDIC-insured bank. FDIC insurance is available through pass-through insurance at Coastal Community Bank, Member FDIC, if certain conditions have been met. Bluevine accounts are FDIC insured up to $3,000,000 per depositor through Coastal Community Bank, Member FDIC and our program banks. The Bluevine Business Debit Mastercard® and Bluevine Business Cashback Mastercard® are issued by Coastal Community Bank, Member FDIC pursuant to a license from Mastercard International Incorporated and may be used everywhere Mastercard is accepted. Mastercard is a registered trademark and the circles design is a trademark of Mastercard International Incorporated.
Mastercard, Mastercard Easy Savings, Mastercard Airport Concierge, Priceless Surprises and the circles design are registered trademarks and Mastercard ID Theft Protection is a trademark of Mastercard International Incorporated.
Application is subject to approval. No monthly or maintenance fees. Card Replacement Fees and Wire Transfer Fees may apply.
Banking Services for payments made via ACH or wire from the Bluevine Business Checking Account are provided by Coastal Community Bank, Member FDIC. Money transmission services for International Payments are provided by a third party and are also subject to their applicable terms and conditions.
The Bluevine Line of Credit is issued by Celtic Bank and is serviced by Bluevine. Applications are subject to credit approval. Rates, credit lines, and terms may vary based on your creditworthiness and are subject to change. Additional fees apply. Other commercial credit products are offered by a variety of Bluevine’s third party partners. Bluevine is not involved in the issuance or servicing of these products. Offerings and eligibility requirements vary by partner.
Certain financing may be made or arranged pursuant to California Financing Law-License No. 6054789.
Payment processing services are provided by Stripe, Inc., N.A. Bluevine Inc. Payment processing services are available to most businesses, subject to eligibility determined by Bluevine.
Tap to Pay is only available on supported devices and may require upgrading to the latest version of the Bluevine app and your phone’s operating system. Some Android devices may not be compatible. Android is a trademark of Google LLC. Tap to Pay on iPhone requires a supported payment app. Some contactless cards may not be accepted by your payment app. Transaction limits may apply. The Contactless Symbol is a trademark owned by and used with permission of EMVCo, LLC. Tap to Pay on iPhone is not available in all markets. For Tap to Pay on iPhone countries and regions, see here.
All other product names, logos, brands, trademarks, and registered trademarks are property of their respective owners. All company, product, and service names used in this website are for identification purposes only. Use of these names, trademarks, and brands does not imply endorsement.
® 2026 Bluevine Inc. All Rights Reserved. “Bluevine” and the Bluevine logo are registered trademarks of Bluevine Inc.