NorthOne vs Discover Bank

NorthOne is a good business banking features and tools with no monthly fees. 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, a bill pay feature, and app integrations.

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.

	NorthOne	Discover Bank
		Member FDIC
	Visit Site	Visit Site
	SPECIAL OFFER NorthOne Free Business Banking - Learn More Read NorthOne Review	SPECIAL OFFER Online Savings Account - Earn 4.25% APY - Learn More Read Discover Bank Review
	Benefits and Features
Savings	No savings account, but you can create unlimited envelopes for savings goals	4.25% APY
CD		2.00% to 4.70% APY depending on terms. $2,500 minimum
Checking	$0 monthly fee; no balance requirements	Cashback Debit Account: 1% cash back on up to $3,000 in debit card purchases each month. See website for details
Monthly Fee	$0
Money Market		4.00% APY under $100,000; 4.05% APY $100,000 or more. $2,500 minimum deposit.
APY	N/A
Minimum Deposit to Open	$50
ACH Transfer Fee	$0
ATMs	38,000+ MoneyPass ATMs	Over 60,000 no-fee ATMs
Balance Requirement	None
Cash Deposit Fee	$4.95
Customer Service	Phone, email, and live chat: Monday - Sunday, 8 am - 10 pm EST.	24/7
Incoming Wire Transfer Fee	$20 for domestic wires
IRA CD		12-month CD APY of 4.70%. 18-month CD APY of 4.40%. 24-month CD APY of 4.00%. 5-year CD APY of 3.75%.
Locations	Online only	Online Only
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
Money Market
Pros & Cons	Pros: No monthly fees Unlimited envelopes App integrations Cons: No APY Cash deposit fee	Pros: High yield No fees 24/7 customer service Cons: No interest checking $2,500 minimum deposit for CDs
Bottom Line	Good business banking features and tools with no monthly fees... Read full review	Solid online bank with high APY rates and good customer service... Read full review
	Visit Site	Visit Site
	NorthOne Free Business Banking NorthOne Plus Business Banking Business Referral Program - $50 Bonus	Online Savings Account - Earn 4.25% APY Online Checking Account - Earn Cash Back Discover® Cashback Checking – Up to $30/Month Cashback
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. NorthOne: Information sourced from the published website as of 03/05/2024. Discover Bank: Pricing information and data points from published website as of 04/09/2024.

NorthOne Free Business Banking

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

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

Learn More

NorthOne Free Business Banking

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

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

Learn More

NorthOne Plus Business Banking

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

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

Learn More

Member FDIC

Online Savings Account - Earn 4.25% APY

Get Deal

No fees
No minimum opening deposit
No minimum balance required

Member FDIC

Online Checking Account - Earn Cash Back

1% cash back on up to $3,000 in debit card purchases each month. See website for details
No fees
Early Pay - Get your paycheck up to two days early with no charge
No credit impact - You can apply without affecting your credit score.
Access to over 60,000 no-fee ATMs in the U.S.

Apply Now

Member FDIC

Discover® Cashback Checking – Up to $30/Month Cashback

Earn 1% cash back on up to $3,000 in debit card purchases each month, for a total of up to $30 cashback per month. Discover Cashback Debit checking account has no minimum balance requirement, no fees, and free online bill pay. See website for details.

Get Deal

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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Articles on Discover Bank

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Discover® Bank offers high interest rates on its online savings and CD accounts. But there are downsides. Here's what you need to know before you open an account.

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Make your money work with Discover® Bank high yield savings: high interest, no fees. Find out its benefits, drawbacks, and the easy way to open an account.