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finder.com’s rating: 3.7 / 5.0
★★★★★
NorthOne Business Banking is a true all-in-one solution for small business owners, startups and freelancers. It boasts unlimited free transactions, subaccounts to help you categorize your money and robust bookkeeping integrations. And unlike other digital bank accounts, this one accepts cash deposits. But it costs $10 a month.$10 per month
Fee
N/A
APY
$50
Minimum deposit to open
APY | N/A |
---|---|
Fee | $10 per month |
Minimum deposit to open | $50 |
ATMs | More than 300,000 ATMs across America. |
ATM transaction fee | $0 |
Out-of-network ATM fee | $0 |
Foreign transaction fee | 1.1% |
Overdraft fee | $5 |
Nonsufficient funds fee | $25 |
Review by
Cassidy Horton is a writer for Finder, specializing in banking and investments. She has a Bachelor of Science in Public Relations and a Master of Business Administration from Georgia Southern University. Cassidy enjoys educating people about financial services, exploring the Pacific Northwest and watching endless reruns of The Office.
NorthOne claims its business banking account is “everything your business needs built into your phone,” and that couldn’t be more true. This account is jam-packed with features that save you time and money — unlimited free transactions, on-demand customer support, bookkeeping tools that manage your receipts and automatically categorize expenses, and more.
This account is best for business owners, freelancers or startups who want a digital, all-in-one banking platform that also accepts cash deposits. You’ll pay $10 a month for the account, but this price could be offset by nonexistent transaction fees and discounted wire transfer and international exchange fees.
Open a NorthOne Business Banking account online using these simple steps:
Open an account when you meet these requirements:
You’ll need the following on hand when you open your account:
We gathered a quick comparison of similar accounts to help you decide if NorthOne Business Banking is right for you. For more options, select “Compare accounts” to compare even more accounts for your banking needs.
NorthOne Business Banking
★★★★★
Go to site |
---|
Fee $10 per month |
APY N/A |
Minimum deposit to open $50 |
ATM network
More than 300,000 ATMs across America.
|
Novo
★★★★★
Go to site |
---|
Fee $0 per month |
APY N/A |
Minimum deposit to open $50 |
ATM network Novo doesn't charge ATM fees and will reimburse any non-network fees you incur |
BlueVine Business Checking
★★★★★
Go to site |
---|
Fee $0 per month |
APY 1.00% on balances of $0 to $100,000 |
Minimum deposit to open $0 |
ATM network 38,000+ MoneyPass® locations nationally |
Compare even more checking accounts
NorthOne is part of the New York Currency Exchange (NYCE) and MoneyPass ATM networks, which lets you dip your card into more than 300,000 ATMs nationwide. You can also deposit checks and cash at most of these locations. As for non-network ATMs, NorthOne won’t charge a fee, but the operator might.
The NorthOne Business Banking account is packed with features that save you time and money, but there are still a few drawbacks worth noting:
Fee | Amount |
---|---|
Wire transfer, domestic | $10 |
Wire transfer, international | $25 |
Overdraft | $5 daily |
ATM international exchange fees | 1.1% of purchase |
ACH/PAD (preauthorized debit) returns | $10 |
Nonsufficient fund for ACH, check or debit | $25 |
Subpoena or summons | $75 |
Expedited new card | $35 |
Dormant account for 1 year | $5 monthly |
Abandoned account for 5 years | $50 |
If you’re looking for a free business checking account that doesn’t have a monthly fee, check out these top-rated picks.
You can deposit cash at most NYCE and MoneyPass ATMs nationwide. Follow these steps:
Eytan Bensoussan
CEO of NorthOne Business Banking
I grew up in a family of small business owners. As a child, I remember that they’d work nights and weekends to make sense of their business finances.
Years later, I worked at a large management consulting firm that served some of the biggest banks in the world. It became clear that banking wasn’t evolving at the same pace as small businesses. While small business owners were finding new ways to run their companies online, financial institutions continued doing things as they’d always done.
So I quit my job and worked to solve this problem. The mission was simple: Create a bank that would remove the painful back-office financial management work for business owners, so that they can focus on what really matters.
NorthOne is built for any American small business, freelancer or startup. While any business builder can use NorthOne, we focus on folks who need a fast way of getting their banking done from anywhere.
Cash is a reality for business owners and we don’t see that changing anytime soon. It was important for us to make sure that NorthOne was cash friendly. We have a network of more than 300,000 ATMs that our customers can use to make cash deposits.
Right now we only have debit cards for the owners of the business, but employee cards are coming soon! We’re excited to provide better banking services for teams and will be creating powerful and simple controls so that owners can make sure those cards are being used for their intended purposes.
We created subaccounts to make it easy to set aside money for big expenses like rent, payroll and taxes. Our customers can either set aside money in a subaccount all at once or use our smart savings tools to take a percentage of all revenue to have cash build up over time.
NorthOne was created with the idea that you shouldn’t need a finance degree to run a small business. We connect to Quickbooks, Xero accounting, Etsy, and other tools that businesses might use. We also help bookkeepers complete their jobs faster. Every transaction has context so your bookkeeper won’t need to call you to ask the what, when or why for each purchase.
NorthOne has the features of a traditional full-service bank, with the simplicity and convenience of a modern digital bank. Most importantly, our pricing is easy to understand. You’ll pay $10 a month for unlimited banking. You don’t need to select from dozens of banking packages or worry about paying for each transaction.
★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor
We analyze top checking accounts and rate them one to five stars based on factors that are most important to you. These factors include: monthly fees, the ease at which monthly fees can be waived, the breadth of ATM access, ATM and overdraft fees, and customer service.