AJ J.
Not transparent, seems scammy
I'm a small business owner who was interested in what seemed like a great checking account program with Grasshopper. I filled out the online application and was immediately declined. I was told because this is a biz account, they are unable to disclose the reason. My business (and I) are in good financial standing, and nothing about my business violates the terms they laid out for account eligibility. I called to follow up and was again told they could not tell me more, but I was welcome to read their Master Service Agreement to try to find clues. This document is a 55 page small-print PDF and reading it didn't seem like a good use of my time. But I did do a cursory search for "eligibility" "ineligible" and any related term that might point to any guidelines my business didn't meet. I found nothing. And the fact that they were "unable" to provide more information feels deliberately opaque, making me wonder why this information is so privileged. I have shared my experience with my large network of business-owning colleagues and strongly recommended they look elsewhere.
Response from Grasshopper BankNov 27, 2025
Hi AJ, Thank you for taking the time to share your experience. We understand how frustrating and disappointing it can be to receive a decision without the clarity you were hoping for, especially when you’ve taken the time to review our eligibility guidelines and follow up with our team. As a federally regulated institution, we carry out comprehensive security and risk assessments for all new applications and maintain ongoing monitoring of accounts after onboarding. In certain cases, these reviews result in a decline or account restrictions, and regulations limit the level of detail we’re permitted to share regarding the factors involved. While we recognize that this can feel opaque, these measures are designed to protect the integrity of the broader financial system and help us maintain a safe digital banking environment for all clients. If you’d like us to take a closer look at your case to ensure that no information was missed, please reply to the request for more information sent on our behalf by TrustPilot so we can confirm everything on our side. Although we aren’t able to reverse or disclose the specific details of the denial, we appreciate the feedback time you spent reviewing our documentation, and we will be reviewing how we communicate these outcomes in the future. Only Forward, Grasshopper Bank



