North One vs BMO

North One is a good business banking features and tools with no monthly fees. How does it compare to BMO? Read our comparison chart below.

North One offers business banking with built-in financial tools. You get unlimited sub-accounts, a bill pay feature, and app integrations.

While BMO has over 900 branches and is the 8th largest bank in North America by assets. Smart Advantage checking has no fee and no minimum balance if you opt for eStatements. Savings need just $100 to open with easy ways to waive fees. Special Rate CDs require a $5,000 minimum opening deposit.

Compare North One with BMO, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

		Member FDIC
	Visit Site	Visit Site
	North One	BMO
	SPECIAL OFFER North One Free Business Banking - Up to 2.50% APY - Learn More Read North One Review	SPECIAL OFFER BMO Smart Advantage Checking account - Earn $400 Cash Bonus* - Learn More Read BMO Review
	Benefits and Features
Savings	No savings account, but you can create unlimited envelopes for savings goals	0.01% APY. $5 reward every month you save $200 or more, for the first year.
CD		0.05% - 3.00% APY. Terms of 3 months to 5 years. $1,000 minimum opening deposit.
Checking	$0 monthly fee; no balance requirements	Smart Advantage, Smart Money, Relationship
Monthly Fee	$0
Money Market		Up to 2.68% APY. $25 minimum opening deposit. $10 monthly fee, waived with a $5,000 minimum daily balance.
APY	up to 3.00% APY for Plus Accounts; up to 2.50% APY for Standard Accounts that meet eligibility requirements
Minimum Deposit to Open	$50
ACH Transfer Fee	$0
ATMs	38,000+ MoneyPass ATMs	40,000+ BMO and Allpoint ATMs
Balance Requirement	None
Cash Deposit Fee	up to $4.95; 1 refund/month (Standard members); 3 refunds/month (Plus members)
Customer Service	Phone, email, and live chat: Monday - Sunday, 8 am - 10 pm EST.	Mon-Fri: 7am - 10pm (CT); Sat-Sun 8am - 8pm
Incoming Wire Transfer Fee	$0 for domestic wires
IRA CD		0.05% - 1.25% APY. Terms of 3 months to 5 years. $1,000 minimum opening deposit
IRA Money Market		IRA Premium Savers: $100 minimum opening deposit. No monthly maintenance fee
Locations	Online only	981 branches
Out of Network ATM Fee	Fee from ATM owner
Outgoing Wire Transfer Fee	$20 for domestic wires
Overdraft Fee	$0
	CreditDonkey® Reviews
Checking
Fees
Mobile App
Customer Service
Savings
CD
Money Market
Pros & Cons	Pros: No monthly fees Unlimited envelopes App integrations Cons: No international wires Cash deposit fee	Pros: Free checking with eStatements Large ATM network Good financial tools Cons: Limited branches Low savings APY
Bottom Line	Good business banking features and tools with no monthly fees... Read full review	Midwest bank with options for low and high-balance customers... Read full review
	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	BMO Smart Advantage Checking account - Earn $400 Cash Bonus* BMO Smart Money Checking account - Earn $400 Cash Bonus* Savings Account - Up to $60 Bonus
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. North One: Information sourced from the published website as of 02/25/2025. BMO: Pricing information from published website as of 05/09/2025 based on 60603 zip code.

North One Free Business Banking - Up to 2.50% APY

• 2.50% APY on balances up to $250,000 for eligible customers
• Business banking for teams
• Automatic invoice ingestion and payments
• Sales and revenue analytics
• Unlimited account envelopes
• Close to 100 integrations
• Over $5000 in perks for new customers
• No monthly fees, no application fees, no minimum balance

North One is a financial technology company, not a bank. Banking services provided by The Bancorp Bank, Member FDIC.

Learn More

North One Plus Business Banking - Up to 3.00% APY

• 3.00% APY on balances up to $250,000 for eligible customers
• Priority email/chat support
• Dedicated relationship manager
• Implementation and onboarding assistant
• $0 same-day ACH payments, bill payments, and physical checks
• Lowest transaction fees
• $50 minimum opening deposit
• $20 monthly fee

North One is a financial technology company, not a bank. Banking services provided by The Bancorp Bank, Member FDIC.

Learn More

North One Free Business Banking - Up to 2.50% APY

• 2.50% APY on balances up to $250,000 for eligible customers

• Unlimited envelopes for all your business budgets
• Integrations with popular accounting and payment processing apps
• Automate your bill payments
• $50 minimum opening deposit

North One is a financial technology company, not a bank. Banking services provided by The Bancorp Bank, Member FDIC.

Learn More

Member FDIC

BMO Smart Advantage Checking account - Earn $400 Cash Bonus*

$400 cash bonus* when you have a cumulative total of $4,000 in qualifying direct deposits within 90 days of account opening between 5/5/25 - 9/8/25. *Conditions Apply. Accounts are subject to approval and available in the U.S. by BMO Bank N.A. Member FDIC

Get Deal

Expires 9/8/2025

Member FDIC

BMO Smart Money Checking account - Earn $400 Cash Bonus*

$400 cash bonus* when you have a cumulative total of $4,000 in qualifying direct deposits within 90 days of account opening between 5/5/25 - 9/8/25. *Conditions Apply. Accounts are subject to approval and available in the U.S. by BMO Bank N.A. Member FDIC

Get Deal

Expires 9/8/2025

Which is Better: North One or BMO?

Still need help deciding which bank reviews & deals is better? Read the in-depth reviews below. You may also be interested in comparing North One or Novo.

In short: North One's customer service is outstanding.

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BMO Checking Account Bonus & Promotions

BMO rolls out enticing checking offers from time to time to attract new customers. Find the latest bonus deals here.

Who Owns BMO

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BMO has been recognized as one of the World's Most Ethical Companies for six consecutive years. How did they earn this award? Find out.

BMO Relationship Minimum Balance

Get more perks when you open a BMO Relationship Checking Account. Find out the balance you need to reach to unlock them.

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Is BMO a good choice for your banking needs? Find out here.

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BMO's Smart Advantage has $0 monthly fees. Smart Money has no overdraft fees. Which one is a smarter choice? Read on to find out.

Is BMO a Real Bank

BMO, is a U.S bank, part of the Bank of Montreal. It offers solid basic checking options and a large ATM network. But, is it legit? Read on to find out.

Which Do You Think is Best?