Grasshopper Bank: who holds your money
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.
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
- Grasshopper Bank, N.A.FDIC #59113 · program bank17.9%above the insured limitC32.7
The figure is the share of total bank deposits above the $250,000 federal insurance limit, reported quarterly to the FDIC. High shares are normal for banks holding large app program balances. They do not mean your balance is uninsured: pass-through insurance usually covers customers individually at the partner bank. Across US banks in 2022 to 2026, those above roughly 36% saw large quarterly total deposit declines more often than those below. Most banks above that level saw no such fall. This measures deposit movement and does not predict trouble for any bank.
Disclosure
© 2026 Grasshopper Bank, N.A. | Member FDIC. Equal Housing Lender
www.grasshopper.bank · as of September 5, 2026