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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.

 NorthOneDiscover Bank
 Visit SiteVisit Site
 

NorthOne

Discover Bank

SPECIAL OFFER
Get 3 months of free business banking - Learn More

Read NorthOne Review

SPECIAL OFFER
Discover Online Savings - $200 Cash Bonus - Learn More

Read Discover Bank Review

 

Benefits and Features

SavingsNo savings account, but you can create unlimited envelopes for savings goals
3.60% APY
CD 2.00% to 4.75% APY depending on terms. $2,500 minimum
Checking$10 monthly fee (cannot be wavied); no balance requirementsCashback 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
N/A
 
Customer ServicePhone, email, and live chat: Monday - Sunday, 8 am - 10 pm EST.
24/7
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
 
Incoming Wire Transfer Fee
$15 for domestic wires
 
IRA CD 12-month CD APY of 4.50%. 24-month CD APY of 4.30%. 5-year CD APY of 4.10%.
Locations
Online only
Online Only
Out of Network ATM Fee
Fee from ATM owner
 
Outgoing Wire Transfer Fee
$15 for domestic wires
 
Overdraft Fee
$0
 
Monthly Fee
$10
 
 

CreditDonkey® Reviews

 NorthOneDiscover Bank
CheckingStarStarStarStarEmpty StarStarStarStarStarEmpty Star
Customer ServiceStarStarStarStarStarStarStarStarStarStar
Mobile AppStarStarStarStarStarStarStarStarStarStar
FeesStarStarStarEmpty StarEmpty Star
SavingsStarStarStarStarHalf Star
Money MarketStarStarStarStarHalf Star
Pros & ConsPros:
  • Unlimited envelopes
  • Invoice maker
  • App integrations
Cons:
  • $10 monthly fee
  • 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 if you're okay with paying a monthly fee... 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.

Discover Bank: Pricing information and data points from published website as of 03/17/2023.

NorthOne

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

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

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 Bank
Member FDIC

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.

Expires 6/15/2023
Discover Bank
Member FDIC

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.

Expires 6/15/2023
Discover Bank
Member FDIC

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.


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 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

Discover Bank online savings account offers a high interest rates and no monthly fees. But is it the right place for your money? Read on to find out, plus the best way to open an account.

Discover CD

Discover Bank's CD account offers high rates and no hidden fees. But is the term worth it? Read this review before you open a CD.

Is Discover a Good Bank

Discover Bank promises great rates and no fees. But is it actually a good and safe bank? Find out if it is a real and legit bank.

Is Discover Savings Worth It

Looking for a better place to keep your money safe? Find out if a Discover Online Savings Account is worth it for you.

Discover Savings Bonus

You could earn $150 or $200 when you open a Discover Online Savings Account. Find out how to qualify for this Discover Bank promotion.

Which Do You Think is Best?





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