North One Review

North One is a banking platform for small businesses. But is it right for you? Find out the unique features it offers and how it compares.

	North One Free Business Banking - Up to 2.50% APY Learn More
	Overall Score	4.3
	Checking	4.0
	Fees	3.0
	Mobile App	5.0
	Customer Service	5.0

5-point scale (the higher, the better)

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Pros and Cons

• No monthly fees
• Unlimited envelopes
• App integrations

• No international wires
• Cash deposit fee

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Bottom Line

Good business banking features and tools with no monthly fees

• What is North One?
  
• Pros & Cons
  
• Overview
  
• Features
  
• Fees to Look Out for
  
• Is North One Worth It?
  
• Reasons Not to Use North One
  
• Customer Service
  
• North One Safety
  
• North One vs Bluevine vs Novo

It can be hard to find the right banking platform for your business.

North One is a digital banking service created with small business owners and freelancers in mind. The standard plan has no monthly fees and offers access to essential tools, including budgeting, automated bill payments, accounting, and bookkeeping.

An optional paid subscription provides premium features such as priority support and reduced fees.

Read on to learn about North One's features, fees, and how they compare to competitors Bluevine and Novo.

What is North One?

North One is a business bank account with integrated features for payments, budgeting, accounting, and bookkeeping.

In 2019, founders Eytan Bensoussan and Justin Adler created North One after interviewing thousands of small business owners. Their goal was to offer a superior banking experience that helps solve real-world challenges that business owners face.

It's important to note that North One is a fintech (financial technology) company and not a bank. They are partnered with Bancorp Bank to provide FDIC insurance.

Who North One is Best For

North One is best for small business owners, freelancers, and startups who:

• Use business tools like Quickbooks and Square.
  
• Need a lot of sub-accounts for budgeting.
  
• Are okay with purely online and mobile banking.

North One Pros & Cons

Pros:

• Create unlimited envelopes
  
• No ATM fees at over 2 million ATMs worldwide
  
• Integrates with popular business apps
  
• Supports cash deposits
  
• No foreign transaction fees from North One
  
• High transaction limits
  
• No monthly fees

Cons:

• Up to $4.95 cash deposit fee
  
• No international wires
  
• The ATM owner may charge a fee

North One Overview

North One offers a range of banking features designed to make managing business finances as smooth and easy as possible.

Users can access their finances on the go through North One's mobile app or desktop site. You can automate payments using North One Bill Payments Hub, access ATMs, deposit checks, and more.

To help you organize and budget, North One gives you unlimited sub-accounts. You can fully customize your Envelopes and how much to save for each.

With North One's app integrations, business owners can also connect directly to popular tools. Some of the apps include Shopify, PayPal, and Etsy. It also connects to accounting and bookkeeping apps, like QuickBooks and Gusto.

Keep reading to learn about each feature in more detail.

How to Get Started with North One

North One is available to sole proprietors, LLCs, S-corp, C-corp and Partnerships.

Applying for an account is straightforward and takes just a few minutes. You will need:

• Valid government-issued photo ID
  
• Valid phone number
  
• SSN or EIN (for all except for sole proprietors)
  
• Home and business address
  
• Details about your business and owner(s)

Based on the structure of your business, you will most likely need to submit:

• DBA (if operating under a different name)
  
• Articles of organization (for LLCs)
  
• Articles of incorporation (for corporations)
  
• Partnership agreement (for partnerships)

Once your North One account is open, you must make a $50 opening deposit to access all features.

North One Banking Features

Now, you know a little about North One. Let's take a look at their specific features in detail.

Unlimited Envelopes
One of North One's biggest benefits is the unlimited Envelopes. This is their budgeting system to help you save and plan for the things you need.

Having unlimited sub-accounts gives you complete control of your budget. You can set aside money for anything, like taxes, upcoming purchases, business trips, office supplies, whatever!

You can set custom rules for each envelope. You can schedule fixed recurring transfers or a percentage of deposits. You decide the frequency, whether that's daily, weekly, or monthly.

Your funds in the sub-accounts are protected from being accidentally spent.

App Integrations
Running a modern business, especially with a small team, often means relying on software. One of North One's strengths compared to similar platforms is the number of integrations they support.

It integrates with the most popular accounting, payments, and eCommerce apps. Including:

This lets you see all your tools in one place, so you don't have to run between different platforms.

Expense Tracking Tools
The dashboard lets you manage receipts and track your spending. It also immediately categorizes purchases made with your North One debit card. This way, it ensures you're always organized and know what you're spending on.

Cash deposit
If you have cash, you can deposit it at over 90,000 Green Dot locations. They're at convenient places like your local pharmacies and grocery stores. However, note that Green Dot charges up to $4.95 fee.^[1] The limit is $5,000 per month.

North One will reimburse cash deposit fees charged by Green Dot once per month for North One Standard customers and up to three times per month for North One Plus customers.

Mobile check deposits
Deposit your checks for free from anywhere with just your phone. The limit is $50,000 per check and $50,000 per 30-day period.^[2]

No-fee ATM access
You can withdraw cash with no North One fees at over 2 million Cirrus and MoneyPass ATMs worldwide. However, the owner of the ATM may charge additional ATM fees.

North One Debit Card
It's no good having money if you can't spend it. That's quick and easy thanks to the North One business debit card, offered in partnership with Mastercard.

In the event your card is lost or stolen, you can lock and freeze it. You can do this with just a few clicks through your North One app. North One will send you a replacement in as little as 7 business days.^[3]

Revenue Dashboard
This dashboard lets you track your sales and revenues across major payment platforms, eCommerce websites, online marketplaces, and points of sale. This feature is useful especially when managing multiple platforms simultaneously.

Bill Payments
You can manage and automate invoice and bill payments efficiently. This includes uploading invoices, scheduling payments, and centralizing all your bills in one place.

Fees to Look Out for

Fees are an important consideration when deciding on a bank account for your business.

North One offers simple, transparent pricing. The standard business deposit account is free. But you also have the option to upgrade to the Plus plan for $20 a month. You get access to all the features, priority chat and email support, dedicated relationship managers, and lower transaction fees.^[4]

It has:

• No minimum balance requirements
  
• No overdraft / insufficient funds fee
  
• No stop payment fees
  
• No foreign transaction fees
  
• No fee for incoming domestic wire
  
• No fee for digital bill payment

For North One Standard, the fees you may encounter are:^[5]

• 1.5% same-day ACH transfers
  
• $1 to send a physical check
  
• $20 outgoing domestic wire transfers
  
• $25 to expedite mailing a card

If you upgrade to North One Plus, it will cost $20 per month, but you'll pay a $0 fee for same-day ACHs and physical checks. Your outgoing wire transfer fee will also be reduced from $20 to $15.^[6]

And note that though North One doesn't charge fees at over 2 million ATMs, the owner of the ATM may.

Is North One Worth It?

Overall, North One Business Banking offers a good balance of features. You get a dedicated business debit card, a virtual debit card, savings envelopes, and app integrations, all at no monthly fee. Plus, you have the option to deposit cash if needed.

There are plenty of free business checking accounts, but they may lack certain features. For example, Bluevine Standard plan only allows up to 5 subaccounts, which function like an envelope. Novo doesn't let you deposit cash. And we've yet to see another account with unlimited envelopes.

Think about what features you use for your small business. If North One happens to offer everything you need, then it's worth checking out. If you frequently make payments or transfers, you have the option to upgrade to the North One Plus plan to save money on transfer fees.

But North One does have quite a few downsides too. Read on.

Reasons Not to Use North One

Overall, North One offers an excellent well-rounded business checking account. But there are some downsides that may not work for you.

Cash deposit fees
North One allows convenient cash deposits via Green Dot, but it costs up to $4.95 per deposit, which may not suit businesses that handle a lot of cash. Standard customers only get one free cash deposit per month, while Plus members can get up to three.

No international wires
You cannot send or receive international wire transfers.

North One Customer Service

North One aims to stand out with excellent customer support. You will always speak to a real, live human who can help with your small business banking questions.

They offer support via live chat, phone, and email. We can confirm that North One responds very quickly on live chat, and you're not just talking to a bot. If you prefer phone call, you can even schedule a call-back so you don't need to wait on hold.

Is North One Legit?

The North One Business Banking account is provided in partnership with The Bancorp Bank. This bank is a member of FDIC (Federal Deposit Insurance Corporation). Your deposits are protected up to $250,000 in case the bank fails. You can trust that your money is safe.

North One is an accredited business with the Better Business Bureau. It currently has an A rating.

Is North One Safe?

North One takes security seriously. Here are some ways they keep your account secure:

• Multi-factor authentication and biometric login with Touch ID or Face ID
  
• Constant fraud monitoring for suspicious activities
  
• Immediate notification if any fraud is detected
  
• Sensitive personal information is never stored
  
• All communication is through secure channels
  
• Freeze your card from the app if it's lost or stolen

And remember that your funds are protected by the government up to $250,000 in the event of a bank failure. You can feel secure knowing that your personal information and money are both safe.

How Does It Compare?

North One isn't the only fintech company offering small business checking accounts. Before you decide on which one is right for you, see how it stands up to similar companies.

Two of North One's most widely used competitors are Bluevine and Novo. Let's see how they stack up.

	Visit Site	Visit Site	Visit Site
	North One	Bluevine	Novo
	SPECIAL OFFER North One Free Business Banking - Up to 2.50% APY - Learn More	SPECIAL OFFER Free Business Checking - Earn $300 Bonus - Learn More	SPECIAL OFFER Free Business Checking - Learn More
	Benefits and Features
Savings	No savings account, but you can create unlimited envelopes for savings goals	No savings account, but you add 5 free sub accounts	No savings account, but you add up to 20 Reserves
Checking	$0 monthly fee; no balance requirements	3.7% APY for Premier customers, 2.7% APY for Plus customers, 1.5% APY for Bluevine Standard tier customers. No monthly fees, no balance requirements, and no overdraft fees for Bluevine Standard	No monthly fees; no balance requirements
Monthly Fee	$0	Standard tier: $0 per month Plus Tier: $30 per month (can be waived with $20k average daily balance and $2k debit card spend) Premier tier: $95 per month (can be waived with $100k average daily balance and $5k debit card spend)	$0
APY	up to 3.00% APY for Plus Accounts; up to 2.50% APY for Standard Accounts that meet eligibility requirements	3.7% APY on balances up to $3M for Premier customers; 2.7% APY on balances up to $250,000 for Plus customers; 1.5% APY on balances up to $250,000 for Standard tier customers that meet monthly eligibility requirements	N/A
Minimum Deposit to Open	$50	$0	$50 to access all Novo's features
ACH Transfer Fee	$0	$0	$0
ATMs	38,000+ MoneyPass ATMs	approximately 40,000 MoneyPass ATMs	up to $7 per month reimbursement of ATM fees worldwide
Balance Requirement	None	None	None
Cash Deposit Fee	up to $4.95; 1 refund/month (Standard members); 3 refunds/month (Plus members)	$4.95 per deposit at Green Dot locations or $1 + 0.5% of the deposit amount at Allpoint+ ATMs	N/A
Customer Service	Phone, email, and live chat: Monday - Sunday, 8 am - 10 pm EST.	Phone and email: Monday - Friday. 8 am to 8 pm EST	Phone, email, or in-app messaging: Monday - Friday, 9 am - 6 pm EST
Incoming Wire Transfer Fee	$0 for domestic wires	$0	$0
Locations	Online only	Online only	Online only
Out of Network ATM Fee	Fee from ATM owner	$2.50	up to $7 per month ATM fee reimbursement
Outgoing Wire Transfer Fee	$20 for domestic wires	$15 ($12 for Plus; $7.50 for Premier)	N/A
Overdraft Fee	$0	$0	$0
	Visit Site	Visit Site	Visit Site
	North One Free Business Banking - Up to 2.50% APY North One Plus Business Banking - Up to 3.00% APY North One Free Business Banking - Up to 2.50% APY	Free Business Checking - Earn $300 Bonus Free Business Checking - Up to 1.5% APY Premier Business Checking - Up to 3.7% APY	Free Business Checking
North One: Information sourced from the published website as of 02/25/2025. Novo: Pricing information from published website as of 05/09/2025.

North One vs Bluevine
Both Bluevine and North One offer a free online business checking account, but Bluevine does not require an opening deposit. That may not be a lot for most businesses, but it is something to keep in mind.

Bluevine's support for international wire transfers gives it a huge edge over North One, which doesn't offer them at all. For businesses requiring international transactions, Bluevine is a more suitable choice.

However, North One offers more app integrations than Bluevine. It also lets you create unlimited envelopes for different savings goals, whereas Bluevine provides just five subaccounts on its free plan.

North One vs Novo
Novo is another digital business banking platform with no monthly fee. Novo stands out for its app integrations. You can connect your business account with thousands of business apps.

It also offers a number of perks on business products. You can discounts on services like Gusto, Stripe, Google Cloud, Zendesk, and others. These can be very valuable if you use them.

One major difference is that Novo doesn't accept cash deposits, while North One does.

Bottom Line

Overall, North One is a solid, secure small business banking platform that helps simplify money management, making it less stressful. It offers a good balance of features commonly used by small business owners.

However, if your business requires frequent cash deposits, you might consider other business bank accounts that offer free cash deposit allowances. Compare their features to see which one has the ones you need.

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