Bank record
Grasshopper Bank: who holds your money
- Institution type
- Bank
- Insurance route
- Banks and direct bank accounts
- Recorded partner banks
- 1
- Disclosure read
- September 5, 2026
Insurance route
Banks and direct bank accountsThe disclosure for Grasshopper Bank, read on September 5, 2026, describes a direct bank arrangement for FDIC coverage, federal insurance for bank deposits. This concerns deposits at the relevant bank. The exact disclosure follows.
Summary
Grasshopper Bank is a bank. Grasshopper Bank says customer money is held at Grasshopper Bank, N.A., with insurance reaching customers as direct FDIC insurance at a chartered bank. We read this information in the app's own public disclosure on September 5, 2026, and this page quotes that disclosure below. You can check each partner bank's own page on this site.
Current commentary
Grasshopper Bank is itself a chartered bank, so customer deposits sit directly at Grasshopper Bank, N.A. FDIC insurance reaches those deposits directly, with coverage of $250,000 per depositor, per insured bank, for each account ownership category. The site gives Grasshopper Bank, N.A. letter C, comparing it with banks of similar size. This reflects the app’s disclosure read on September 5, 2026.
Bank
1 bankGrasshopper Bank, N.A.
- FDIC certificate
- 59113
- Role
- program bank
- Uninsured deposit share
- 17.9%
- Lefomi grade
- Grade CScore 32.7 out of 100
- Quarter ending
- June 30, 2026
- Other peers
- 894
- Peer group
- Banks, $1B to under $10B
- Deposit insurance
- FDIC insured
Grade alerts for Grasshopper Bank, N.A.
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