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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.

 NorthOneDiscover Bank
Member FDIC
 Visit SiteVisit Site
 

NorthOne

Discover Bank

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

SavingsNo 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 requirementsCashback 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 ServicePhone, 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

 NorthOneDiscover Bank
CheckingStarStarStarStarEmpty StarStarStarStarStarEmpty Star
FeesStarStarStarEmpty StarEmpty Star
Mobile AppStarStarStarStarStarStarStarStarStarStar
Customer ServiceStarStarStarStarStarStarStarStarStarStar
SavingsStarStarStarStarHalf Star
Money MarketStarStarStarStarHalf Star
Pros & ConsPros:
  • 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 LineGood business banking features and tools with no monthly fees... Read full reviewSolid online bank with high APY rates and good customer service... Read full review
 Visit SiteVisit Site

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

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.
NorthOne

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.
Discover Bank
Member FDIC

Online Savings Account - Earn 4.25% APY

  • No fees
  • No minimum opening deposit
  • No minimum balance required
Discover Bank
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.
Discover Bank
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.

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.


Articles on NorthOne

NorthOne

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

Is NorthOne Legit

NorthOne offers convenient online banking for small business owners. But is NorthOne safe and legit? Read on to find out.

Articles on Discover Bank

Discover Bank

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.

Discover Savings

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.

Discover CD Review

Maximize returns with Discover® Bank lucrative CD rates - no hidden fees. Read this detailed review.

Discover Bank Locations

Wondering if there is a Discover® Bank near you? Read this article to find out.

Discover Checking Account Fees

Does Discover® Cashback Debit have any fees? Find out if they are completely fee-free.

Who Owns Discover

You've probably heard of Discover credit cards, but what exactly is Discover® Bank? Is it a legitimate bank? Read on for all the details.

Discover Checking Account Minimum Balance

Discover® Cashback Debit doesn't have a minimum balance. But what's the catch? Read on for all the details.

Discover Checking Account Requirements

Discover® checking account offers no monthly fees and a rewarding cashback program. Here's what you need to open an account today.

Discover Savings vs Money Market

Discover® Bank boasts solid rates for both their money market and savings accounts. Find out which one is more suited for you.

Is Discover a Good Bank

Looking for a safe bank with great rates? This analysis of Discover® Bank reveals all - is it legit? Find out now.

Is Discover Savings Worth It

Is your money secure in a high-yield Discover® savings account? Get your answers now.

Which Do You Think is Best?





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About CreditDonkey
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Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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