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Does Grasshopper Bank accept marketplace businesses? (October 2026)

With conditions: as of October 12, 2026, Grasshopper Bank accepts marketplace businesses with conditions, per its published policy.

With conditions

Licensee: Grasshopper Bank, N.A. (FDIC / OCC)

What the policy says

we have identified the below business activities as requiring a tailored due diligence process. … Financial Services … Third Party Payment Processors

Grasshopper Bank · Marketplace or platform that pays out to others · With conditions · · SourceConditions: tailored due diligence at onboarding and throughout the relationship

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