NorthOne Business Banking Review 2024

Is It the Best Bank Platform for Your Startup?

NorthOne Bank Review image - 4.2/5

Disclaimer: NorthOne is a financial technology company, not a bank. Banking services are provided by The Bancorp Bank, Member FDIC.

Some bank accounts are difficult to qualify for – NorthOne Bank is not one of them. If you can qualify for any other bank account, you can probably qualify for a NorthOne business account. 

NorthOne offers a convenient, affordable solution for startup banking that most entrepreneurs will appreciate. While it does require you to pay $10 a month to have a checking account, that unlimited fee gets you an account with unlimited fee-free transactions, the ability to deposit cash through the Green Dot network, useful digital banking tools, and integration with most popular business apps like QuickBooks and Shopify. 

Recommended: Check out NorthOne's online digital banking and money management platform.

NorthOne Bank Eligibility Requirements

NorthOne Bank is easy enough to get an account with. You just need to meet the standard minimum requirements that most banks have for account holders:

  • Must be 18 years old
  • Must be a US citizen or legal resident living in one of the 50 states or Washington D.C.
  • Must have a verifiable US street address (i.e., not a P.O. box)
  • Must have a valid government ID 

Just remember, you need to pay $10 per month to open and maintain an account with NorthOne Bank. 

Pros and Cons of NorthOne Bank

Pros of NorthOne Bank

  • Unlimited fee-free transactions
  • No fees when you use a Mastercard Cirrus or MoneyPass ATM
  • Can deposit cash through the Green Dot network
  • Bill pay, expense management, and other digital banking tools
  • Ability to create Envelopes (sub-accounts) 
  • Integration with a variety of digital banking tools
  • Extended customer service hours that include live chat, phone, or email

Cons of NorthOne Bank

  • $10 monthly fee – no ability to waive the fee
  • Cash deposits at Green Dot cost $4.95 per deposit
  • No ability to send or receive international wires
  • Can incur ATM fees from the ATM owner-operator — even when in-network

NorthOne Business Banking

NorthOne is best for small businesses that need a high number of fintech integrations.

Visit NorthOne

NorthOne Bank Pricing and Features

There are several free banking options out there, so NorthOne Bank’s hard $10 per month fee might make some hesitate to get an account. It’s worth looking at all you get for that $10, though, because NorthOne gives you plenty. With unlimited fee-free transactions, you don’t have to pay a dime for making payments, deposits, transfers, or using your debit card. You don’t even get charged for nonsufficient funds or overdrafts.

NorthOne also makes it easy to integrate your account with the most popular financial software and apps. It provides some potentially useful additions to its online banking platform as well, like the ability to create Envelopes in each account to manage payroll, taxes, and other expenses. 

You can even deposit cash with NorthOne through Green Dot. While it does carry a fee, it’s a welcome option considering that some online banking solutions don’t allow cash deposits.

Rewards and Benefits

  • Unlimited fee-free transactions – payments, deposits, transfers, debit card usage
  • No ACH payment fees
  • No nonsufficient funds or overdraft fees
  • ATM usage at all Mastercard Cirrus or MoneyPass ATM locations
  • Integrates with business tools like QuickBooks, Shopify, Gusto, and others

Interest Rates

  • Checking accounts do not earn interest


  • Account Fee: $10/month
  • Green Dot Fee: $4.95 to deposit cash at Green Dot locations

It may not be for everybody, but NorthOne’s business checking account is a strong contender in the arena of online banking. It does cost $10 per month to use, but for that $10, you get free transactions, the ability to deposit cash, and lots more. 

Customer Reviews

NorthOne Bank has plenty of positive reviews from satisfied customers. They mention great customer service time and time again. 

Here are some verified customer reviews from Trustpilot by people who use NorthOne Bank:

“I was recommended NorthOne and I am glad I opened up my new account with them. They met me where I needed the most and provided me exceptional customer services and made me feel like family. Im looking forward to the many benefits they can offer for my business. Wil continue to recommend.”

“Customer service and the north one blog really guided us through our financial problems when everything was scattered and not in order, it was bringing add stress to our business but North One’s resources helped us organize that and get our small business running as it should.” 

“The customer service team actually cares about you and your business and wants to help. It is such a refreshing experience compared to the one I had at my previous bank that was very traditional and not in your best interest.”

How Does NorthOne Bank Compare?

There are so many online banking options for startups. It’s important to compare them so you can be sure you choose the one that makes the most sense for your business. 

NorthOne Bank

$10/month account fee

Fee-free transactions and the ability to deposit cash at Green Dot locations. 

Best for: Business owners who need fee-free transactions and the ability to make cash deposits (and are willing to pay a monthly fee for an account). 


No account fees

Easy to qualify for and virtually free to use.

Best for: Startups and small businesses that need an inexpensive, functional business banking solution and that don’t need to make cash deposits. 

Final Thoughts on NorthOne Bank

NorthOne is not trying to be the cheapest banking option for startups – which may or may not appeal to you. It charges $10 a month for an account and doesn’t waive that fee no matter the size of your balance. However, many small business owners won’t consider $10 per month a big expense, especially when they get to make as many fee-free transactions as they want. 

Another positive about NorthOne is the ability to deposit cash at Green Dot locations. Some online banking solutions don’t let you deposit cash. If this feature is important to you, NorthOne Bank might be ideal for your needs. 

Frequently Asked Questions

What bank does NorthOne use?

NorthOne uses The Bancorp Bank.

How long does an ACH transfer take from NorthOne bank?

ACH transfers take one to three business days from NorthOne Bank.

Does NorthOne have a mobile check deposit?

Yes, NorthOne has a mobile check deposit.

Is NorthOne a good business bank?

Yes. NorthOne is a good business bank for anyone willing to pay $10 per month for unlimited fee-free transactions and the ability to deposit cash.