NorthOne vs Grasshopper
short answerBoth are traditional neobanks. Grasshopper holds its own banking license and pays yield on balances. Compare custody, license, FX markup and fees field by field below.
NorthOne: SMB banking for main-street businesses.
Grasshopper: Chartered digital bank for startups + SMBs.
Side by side
| NorthOne | Grasshopper | |
|---|---|---|
| Category | traditional | traditional |
| Audience | SMB & startups | SMB & startups |
| HQ | New York, US | New York, US |
| Founded | 2016 | 2019 |
| Custody | Custodial | Custodial |
| Regulation | Partner-bank model | Licensed bank |
| License detail | Partner bank (The Bancorp Bank, N.A.); Mastercard business debit | National bank charter (de novo 2019) |
| Card | MC · Business debit | Visa · Business debit |
| Cashback | — | 1% |
| Yield | — | Competitive APY |
| FX markup | — | — |
| Services | — | — |
| Stablecoins | No | No |
| KYC | Yes | Yes |
| Regions | North America | North America |
| Reported users | — | — |
go deeperFull profiles: NorthOne · Grasshopper — or run your own comparison of up to four in the directory.
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.