NorthOne Review: The Banking Platform That’s Changing Small Business

When you started dreaming of running your own business, you probably fantasized about operating your store, interacting with your customers, or providing excellent service doing whatever it is you do best. Managing finances is not the part of business ownership that most people enjoy.

Fortunately, there’s a way to spend less time on your money management and more time running your business. It all comes down to banking with NorthOne.

What Is NorthOne?

NorthOne is an online banking service offering a deposit account exclusively built for small businesses. It allows you to manage your money easily and efficiently without ever setting foot in a bank branch. True to its slogan, NorthOne is business banking made for America.

Who Benefits Most from NorthOne?

NorthOne is an exceptional choice for anyone who operates a small or independent business. They cater to small e-commerce retailers, Etsy sellers, Amazon sellers, startups, freelancers, independent retailers, and other small business operators. NorthOne’s features, policies, and integrations are designed with small business needs in mind.

What NorthOne Has to Offer for Small Businesses

What makes NorthOne such a popular choice for small businesses, and what does it have to offer you? Several exceptional benefits come from a NorthOne online deposit account.

Your NorthOne account comes with a great-looking chip-and-tap-to-pay-enabled debit card and access to the mobile app's easy-to-use and versatile.

Essential Banking Features

A NorthOne deposit account has all the features you could want in a bank account, so you can use it the same way you would use an account at a brick-and-mortar bank. That includes direct deposit, mobile check deposits, ACH payments, wire transfers, cash withdrawals, online bill pay, etc. The only thing missing is a physical bank branch, and waiting in that long line isn’t something you’ll miss in your routine.

Inclusive Simplicity

Who has time to hop back and forth between various tools, resources, and apps to take care of all their money management? Small business owners certainly don’t. NorthOne knows, and that’s why it combines all your financial and banking needs in one place. All you need is one log-in to keep your funds on track.

Business-Centric Features

Because NorthOne is all about supporting small businesses, your account comes with the important features businesses need. NorthOne offers features like receipt tracking to keep your documentation together, purchase categorization to watch where your funds are going, and ACH and wire transfers to quickly and securely pay your suppliers and make other payments.

One of the unique small business features NorthOne provides is a budgeting envelope system. Within one bank account, you can set up “envelopes” to set aside money for specific purposes like payroll, taxes, insurance, and so on. This helps you save for anything you may need to grow your business and help it thrive.

Affordability

There are enough expenses associated with running a small business. Keeping track of your money shouldn’t take a chunk of that money. NorthOne is priced competitively to help startups and established small businesses alike. Pay one low price every month without hidden fees or surprises.

Specialization

Small business banking is far different from personal banking and corporate banking. You need a banking solution that understands you and your needs. That’s the benefit of NorthOne: they exclusively offer small business banking, so they clearly know what small businesses need from their deposit account.

Convenient Integrations

Most small business owners use several tools to manage and document their finances, like bookkeeping software, POS systems, or payment processing software. It can take hours to record which invoices have been paid, track and transfer incoming funds, etc.

NorthOne easily integrates with many of these crucial tools, including Square, PayPal, Shopify, Amazon, Stripe, Quickbooks, and more to make this easier. You’ll be able to receive money in your account quickly while easily managing your funds.

Security

Security is a critical concern for anyone’s finances, but that is especially the case for small business owners whose livelihood depends on their business staying strong. NorthOne provides a secure platform for your money management, with TouchID or FaceID access to ensure that only you can access your account. NorthOne is also insured with the FDIC, so you can feel confident that your hard-earned dollars are safe.

ATM Access

As convenient and secure as digital banking is, there will be times when you need cold, hard cash. A common misconception is that digital banking takes away your ability to operate with cash, but the opposite is true. NorthOne is a member of the Cirrus network of ATMs, with over two million ATMs available for your use.

You aren’t left in the lurch when depositing cash, either. NorthOne accepts cash deposits at over 90,000 Greendot locations.

Fewer Fees

One of the most common complaints people have about their banks is the excessive nickel-and-dime fees for unnecessary issues. This is especially true for small businesses. Did you know some large banks even charge excess transaction fees and cash handling fees?

NorthOne is known for cutting out these unnecessary fees. It doesn’t charge overdraft fees, insufficient funds (or NSF) fees, deposit fees, transfer fees, ACH payment fees, or app integration fees. This makes NorthOne easier on your wallet and easier to budget for predictably.

Choosing NorthOne for Your Small Business Banking

Online banking has been the answer for countless Americans in this digital age, but you need a platform that specifically has the features and tools your small business needs. NorthOne is built for small businesses and small businesses alone. Whether you’re in the business of e-commerce, freelance work, or any number of other ventures, NorthOne has the low pricing, integrations, features, and convenience you need. Learn more about a NorthOne deposit account and apply online today.

Disclaimer: This post contains affiliate links. The Seller Journal was compensated for this post. The Seller Journal may receive compensation for products or services purchased through links in this post.

Last Updated: April, 2nd, 2022 at 11:27 pm UTC
Johnathan Lyman

Johnathan Lyman



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