Grasshopper Bank, a digital-only bank focused on serving the business and innovation economy, has introduced a new operating account called Accelerator Checking. This account is specifically designed to meet the needs of venture-backed startups and small businesses.
Accelerator Checking offers a range of features including free domestic ACH and wire transfers, bill-pay and check-deposit services, and digital invoicing tools. It can be opened in less than 10 minutes, making it a convenient option for startups looking for a quick and efficient banking solution.
In addition to these features, Grasshopper Bank plans to expand the account to include access to venture debt, corporate credit cards, and startup insurance. The bank also aims to provide startups with access to its network of venture capitalists, offering opportunities for investment and connections within the industry.
Grasshopper Bank has recognized the importance of providing startups with a solid depository solution and a reliable place to manage their finances in the wake of the recent banking crisis. As such, the bank has been focusing on rebuilding its technology infrastructure over the past year to better serve its startup clients.
With the launch of Accelerator Checking, Grasshopper Bank aims to provide startups with a comprehensive banking solution that not only meets their day-to-day cash flow needs but also offers additional services and support tailored to their specific requirements.
Source: Bank Automation News