Should you open a North One Business Checking account? I break down its pricing and features to see how it compares with similar financial providers and help you assess if it matches your needs.
North One
Our rating: 4.33 out of 5
Starting price: $50 opening deposit.
Key features for North One Standard Account:
North One’s Business Checking account is a perfect fit for small businesses, especially eCommerce establishments seeking to maximize the powerful integrations offered by this provider. Businesses that often use ACH can choose its higher tier plan to access fee-free same-day ACH services. In addition, North One helps small businesses manage their funds better using its convenient budgeting system, Envelopes.
Let’s check out North One Business Checking’s standout features and pricing structure to see how it compares with other financial providers.
4.30/5
On Trustpilot, North One received a rating of 4.4 from about 200 reviews and 4.2 from around 50-plus reviews on Product Hunt. Customer feedback has been mostly positive. Many praised its excellent customer service and user-friendly platform.
Reviewers mentioned that the support team was knowledgeable and professional, and provided timely responses. Some also appreciated the QuickBooks integration and free and cheap ACH and wire options.
Specific North One Business banking reviews were unavailable. However, several users appreciated its Envelopes feature and said the system helps them organize their funds and simplify fund allocation for regular business expenses. One reviewer commented that North One understands the needs of small businesses by offering efficient, reliable, and innovative banking solutions.
The negative feedback came from users with suspended or closed accounts.
3.82/5
Like many fintech companies, North One offers no monthly fees or balance minimums. An initial $50 deposit is required, but the minimal fees and transparency help small business owners save and anticipate potential account costs.
North One Business Checking account:
Aside from its standard account, North One offers a higher-tier product, North One Plus, with a monthly fee of $20. The benefits include fee-free same-day ACH and lower domestic incoming wire transfer fees ($15) for those who regularly use these services.
4.4/5
North One offers several advantageous features to its customers, especially its budgeting tool, Envelopes. Let’s check its features to see how it gains a competitive edge over other providers.
Key features for North One Business Checking:
No Monthly Fees and Balance Requirements
With a North One checking account, you can save on monthly maintenance fees without meeting a minimum balance. You also get unlimited transactions, domestic wires, and ACH deposits, which can contribute to more savings for small businesses.
Same-day ACH
Only same-day ACH is available with your North One business account. You will be charged 1.5% of the total transfer amount. However, if you subscribe to the paid plan, North One Plus you can send free ACH payments. Businesses that regularly need to perform same-day ACH can sign up for the higher-tier product for more savings.
Budgeting Tool
Through Envelopes, North One’s budgeting feature, you can set aside parts of your funds for specific business expenses like taxes and payroll. You can create unlimited envelopes and set up custom rules. This helps businesses manage their funds better by allocating money for specific spending.
Robust Integrations
With over 50 software integrations for accounting, financial management, invoicing, payments, POS & eCommerce, payroll, and productivity, you can link your business checking account with your daily tools. This streamlines payment processing and data sharing, leading to more business efficiency.
Customer Perks
Your North One account lets you access plenty of perks, such as discounts to free trials of popular business products like QuickBooks, Gusto, Stripe, Adobe, Intuit TurboTax, Microsoft Advertising, Zoho, and more. It leads to more savings while you build and grow your business.
4.8/5
Small business owners looking for a cost-saving checking account will find North One invaluable. I recommend it for its multiple software integrations, allowing seamless connection with the business platforms you use daily. You will not need to pay for standard monthly and transaction fees. At the same time, you can take advantage of its unlimited domestic wire and ACH deposits.
Another distinctive feature I appreciate is its robust eCommerce integrations, like Shopify, Square, and Stripe. Online store owners, Amazon sellers, and dropshippers can easily access customer payments through these platforms. That’s why I included North One in our list of the best banks for eCommerce businesses. Another top feature is its budgeting tool, Envelopes, which makes fund allocation decisions easy.
The few drawbacks, however, are that North One is not for cash-reliant businesses. You can deposit cash at Green Dot retail locations, but a fee of up to $4.95 per transaction applies. Your account won’t also earn any interest. Alternatively, you can opt for a traditional provider like U.S. Bank for branch access or Bluevine for interest-earning checking accounts.
Before opening an account, see our article on how to open a business bank account to learn the step-by-step process.
If North One Business Checking isn’t the perfect fit for your business, here are some alternatives to consider:
Bluevine Standard
Relay Business Checking
U.S. Bank Business Essentials Checking
If North One Business Checking doesn’t fit all your needs, here are some alternatives to consider:
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Physical branches |
| Key Distinctions | With interest-earning business checking accounts | Can deposit cash at Allpoint ATMs for free | Physical branches in 26 states |
| Learn More |
While writing the North One Business Checking review, I checked its website to learn about its current fee structure and features. I also took time to weigh the pros and cons of its products, including comparing them with other financial providers to see how they measure up. In addition, I browsed through third-party sites to find out whether customers gave it a positive or negative rating.
North One offers minimal fees and two types of accounts customers can select from. It has same-day ACH service (free under a paid plan). Its unlimited Envelopes help small businesses plan for expected business expenses. Users can benefit from the automated syncing of information through its multiple software integrations. Additionally, they can access perks, driving business costs down even lower and making it an outstanding choice for small businesses.
North One is a fintech platform offering a business account with no monthly fees. It connects all info on sales, payments, spending, and budgeting in one place. With your North One account, you can receive unlimited domestic wire and ACH deposits and send paper checks from your account.
North One charges an opening deposit of $50, but no monthly fees are collected for its standard account. Cash deposits can cost up to $4.95 per transaction at Green Dot retail locations with one deposit fee refund for a North One standard account and three for a North One Plus account.
No. Currently, North One does not support international wire transfers.
Yes, North One is safe since all deposits are FDIC-insured up to $250,000 through its bank partner, The Bancorp Bank, N.A., member FDIC. North One is a fintech company, not a bank.
This article was reviewed by our banking expert Tricia Jones.
Robi Mansueto brings over a decade of experience in consumer and preferred banking, with expertise in investment services, client relationship management, and financial product sales. She has held key roles at the Bank of the Philippine Islands and CIMB Securities (Singapore), where she managed high-net-worth clients and oversaw investment, loan, and securities transactions. With a strong background in client onboarding, compliance, and risk management, Robi has ensured strict adherence to regulatory standards throughout her career.
