NorthOne Review
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NorthOne Reviews

Bob Phillips


Bob Phillips

Good for small-medium size businesses
Good for small-medium size businesses
About NorthOne

Headquartered in New York, NorthOne was founded in 2017 and launched to the public in August 2019. NorthOne is a financial technology company, not a bank. Banking services are provided through Bancorp Bank. Though NorthOne has four corporate offices in North America, it is strictly an online bank for businesses; there are no physical branches for customer service.

NorthOne’s main selling point is that it has made it simple and fast to open an account and conduct business. The company boasts 320,000 business account holders.









NorthOne Online Banking Review

NorthOne’s online banking service is limited to one type of checking account, which can be accessed through their mobile app or online.

NorthOne Online Banking Highlights





Account Type

  • Business

NorthOne Checking business Highlights


No minimum

Pros & Cons

  • Unlimited transactions with no fees
  • Three ways to access customer support: phone, email, chat
  • Extended customer service hours
  • $10 monthly fee that can’t be waived
  • ATM fees may apply
  • Cash deposits using Green Dot locations incur a fee of up to $4.95 per deposit

Features Benefits & Rewards

  • Easy to open an account
  • Mobile app
  • Debit cards
  • No rewards programs

Account Types

Deposit Account (Business Checking)

The Deposit Account is the only type of account NorthOne offers. A $10 monthly account fee and no minimum deposit are required to open an account. NorthOne does not pay interest on the checking account balance.

Account Type Key Features
Deposit Account
  • $10 monthly fee
  • No account minimum
  • $0 to open an account

Opening an Account With NorthOne

NorthOne step 1 - Login
Step 1

NorthOne - Login to the system

State Availability

Available in all states

Customer Support

NorthOne offers customer support via telephone, email, and live chat. We used the chat feature to inquire about their fees and found that they use a third-party chat service that uses a bot to answer questions. 

We found NorthOne’s telephone system prompts easy to use. We were given the choice of holding for a live representative or entering a time to be called back, eliminating our need to wait on hold.

In Conclusion

NorthOne is a relatively new fin-tech company that has grown rapidly. They recently secured a substantial round of Series B financing and provide banking services through an FDIC-insured bank – The Bancorp Bank. Besides a limited product line and their monthly fee, we see no major drawbacks to doing business with NorthOne.


Does NorthOne have an app, or is banking strictly done online?
NorthOne does have an app that allows customers to initiate ACH and wire payments, deposit checks, and pay invoices.
Is my account at NorthOne insured?
All business banking products and services are offered by The Bancorp Bank, which is an FDIC-insured financial institution.
Which ATMs can I use?
Deposits and withdrawals can be made from the nationwide MoneyPass ATM network.

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Bob Phillips

Having spent over fifteen years helping people plan their lives financially, Bob has a vast amount of knowledge concerning personal finance. During his career, Bob mastered many different financial products to help people achieve their financial goals, including life insurance, disability insurance, mutual funds, and stocks and bonds. He earned the Chartered Life Underwriter (CLU) designation and held numerous securities licenses. Bob is an internationally published poet and is now a freelance writer living in North Texas with his wife and Doberman puppy.