Offer at a glance
- Maximum bonus amount: $300
- 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: Unknown
- Household limit: None
- Expiration date: 1/31/25
The Offer
Direct link to offer (note this is a nerdwallet bonus, we do not receive any commission for using this link)
- Grasshopper (fintech) is offering a $300 bonus when you open a new checking account and complete the following requirements:
- Open an eligible Innovator Business Checking account with promo code NW2025 by 1/31/2025
- Fund your Innovator Business Checking account with $10,000 or more within 30 days of account opening
- Maintain an average daily balance of $10,000 or greater during the Maintenance Period. (31 days after account opening to 90 days after account opening.)
The Fine Print
- 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
I wasn’t able to find a fee schedule so unsure if there is any EATF.
Our Verdict
Account earns 1.8% unless you have a $25,000 balance. Looks like you need to tie up funds for ~61 days according to the terms so you’d earn the following with a $10,000 balance:
- ~$30 in interest
- $300 from bonus
If you had the funds in a 5% account you’d earn $83 so this bonus is definitely worth doing if eligible. We will add this to our list of the best bank account bonuses.
Hat tip to Ostrich Rider
Useful posts regarding bank bonuses: