NorthOne vs Discover Bank
NorthOne is a good business banking features and tools if you're okay with paying a monthly fee . How does it compare to Discover Bank? Read our comparison chart below.
NorthOne offers business banking with built-in financial tools. You get unlimited sub-accounts, unlimited transactions, invoice maker, and app integrations. But there is a $10 monthly fee with no options to waive.
While Discover Bank offers some of the highest interest rates on the market. CDs go up to 10-year terms and have a minimum deposit of $2,500. There are no service fees.
Compare NorthOne with Discover Bank, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
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NorthOne | Discover Bank | |
|---|---|---|
Get 3 months of free business banking - | Discover Online Savings - $200 Cash Bonus - | |
Benefits and Features | ||
| Savings | No savings account, but you can create unlimited envelopes for savings goals | |
| CD | 2.00% to 4.75% APY depending on terms. $2,500 minimum | |
| Checking | $10 monthly fee (cannot be wavied); no balance requirements | Cashback Debit Account: 1% cash back on up to $3,000 in debit card purchases each month. See website for details |
| Money Market | 3.50% APY under $100,000; 3.55% APY $100,000 or more. $2,500 minimum deposit. | |
| APY | ||
| Customer Service | Phone, email, and live chat: Monday - Sunday, 8 am - 10 pm EST. | |
| Minimum Deposit to Open | ||
| ACH Transfer Fee | ||
| ATMs | ||
| Balance Requirement | ||
| Cash Deposit Fee | ||
| Incoming Wire Transfer Fee | ||
| IRA CD | 12-month CD APY of 4.50%. 24-month CD APY of 4.30%. 5-year CD APY of 4.10%. | |
| Locations | ||
| Out of Network ATM Fee | ||
| Outgoing Wire Transfer Fee | ||
| Overdraft Fee | ||
| Monthly Fee | ||
CreditDonkey® Reviews | ||
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| Checking |   | |
| Customer Service | | |
| Mobile App | | |
| Fees | | |
| Savings |  | |
| Money Market | | |
| Pros & Cons | Pros:
| Pros:
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| Bottom Line | Good business banking features and tools if you're okay with paying a monthly fee... | Solid online bank with high APY rates and good customer service... |
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Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Discover Bank: Pricing information and data points from published website as of 03/17/2023. | ||
Get 3 months of free business banking
- Unlimited envelopes for all your business budgets
- Integrations with popular accounting and payment processing apps
- Free invoice maker
Get 1 month of free business banking
- Unlimited envelopes for all your business budgets
- Integrations with popular accounting and payment processing apps
- Free invoice maker
Business Referral Program - $75 Bonus
Earn $75 for every referral who successfully opens a qualifying business account, and completes all qualifying requirements. Referred clients will get $75 in bonus.
Discover Online Savings - $200 Cash Bonus
To get your $150 or $200 Bonus: What to do: Apply for your first Discover Online Savings Account, online, in the Discover App or by phone. Enter Offer Code CY223 when applying. Deposit into your account a total of at least $15,000 to earn a $150 Bonus or deposit a total of at least $25,000 to earn a $200 Bonus. Deposit must be posted to account within 30 days of account open date. Maximum bonus eligibility is $200.
What to know: Offer not valid for existing or prior Discover savings customers or existing or prior customers with savings accounts that are co-branded, or affinity accounts provided by Discover. Eligibility is based on primary account owner. Account must be open when bonus is credited. Bonus will be credited to the account within 60 days of the account qualifying for the bonus. Bonus is interest and subject to reporting on Form 1099-INT. Offer ends 6/15/2023, 11:59 PM ET. Offer may be modified or withdrawn without notice. See advertiser website for full details.
Discover Online Savings - $150 Cash Bonus
To get your $150 or $200 Bonus: What to do: Apply for your first Discover Online Savings Account, online, in the Discover App or by phone. Enter Offer Code CY223 when applying. Deposit into your account a total of at least $15,000 to earn a $150 Bonus or deposit a total of at least $25,000 to earn a $200 Bonus. Deposit must be posted to account within 30 days of account open date. Maximum bonus eligibility is $200.
What to know: Offer not valid for existing or prior Discover savings customers or existing or prior customers with savings accounts that are co-branded, or affinity accounts provided by Discover. Eligibility is based on primary account owner. Account must be open when bonus is credited. Bonus will be credited to the account within 60 days of the account qualifying for the bonus. Bonus is interest and subject to reporting on Form 1099-INT. Offer ends 6/15/2023, 11:59 PM ET. Offer may be modified or withdrawn without notice. See advertiser website for full details.
Online Savings Account - Earn 3.60% APY
- No fees
- No minimum opening deposit
- No minimum balance required
Which is Better: NorthOne or Discover Bank?
Still need help deciding which bank reviews & deals is better? Read the in-depth reviews below. You may also be interested in comparing NorthOne or Chase.
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