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Earn 3.00% APY1 with North One Business Interest Checking2

Put your cash to work. Earn 3.00% APY1 on your balance in a high-yield North One Business Checking Account—that’s nearly 38x the national average.3 Plus, get the benefits of no hidden fees and fast transfers. Your funds are FDIC insured up to $250,000 through The Bancorp Bank, N.A., Member FDIC.‡

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North One is a financial technology company, not a bank.
Banking services provided by The Bancorp Bank, N.A., Member FDIC.

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Earn Interest on your balance up to $250,000

Start accruing interest by maintaining a positive daily balance above $0, keeping your account in good standing, and spending $500+ a month with your North One Mastercard® Small Business Debit Card. It’s that easy. All North One Users are eligible by meeting these simple requirements.

North One Standard

Earn 2.50% APY1

  • Earn 1% cash back on fuel and 4% cash back on hotels and restaurants at 90,000+ participating locations4
  • Receive unlimited $0 Domestic Wires
  • Third-party ATM refunds5
  • No monthly fees7

North One Plus

Earn 3.00% APY1

  • Earn 1% cash back on fuel and 4% cash back on hotels and restaurants at 90,000+ participating locations4
  • Receive unlimited $0 Domestic Wires
  • Send unlimited $0 same-day ACH transfers6
  • Third-party ATM refunds5
  • Priority chat & email support
  • Only $20/month7

A leading Business Checking Account APY1 is just the start

Thousands of small businesses are switching to North One Business Checking to access features designed to save time and money.

  • Up to 4% cash back on debit card spend4
  • High limits on wires, ACH, checks, and debit cards8
  • No monthly minimum balance
  • Funds are FDIC insured up to $250,000 through The Bancorp Bank, N.A., Member FDIC.‡

North One’s Interest Checking Rate vs Traditional Banks

APY1
Monthly Account Service Fee12
Minimum Balance Requirement1
Receiving a Domestic Wire
Sending a Domestic Wire
Standard
2.50%
$0
$0
$0
$20
Business Complete9
0%
Up to $15
$2,000
$15
$25
Initiate10
0%
Up to $10
$500
$15
$25
Business Advantage FundamentalsTM11
0%
Up to $16
$5,000
$15
$30

Simplify your finances
with one Account

Apply for a North One Business Checking Account and get full access to our desktop and mobile app

Get started

Instant access to funds13

Receive instant transfers from your sales on Square, Stripe, PayPal, Venmo, and Amazon directly into your North One Business Checking Account.

Available 24/7, including holidays, so you can access your funds without any delays.

Sync your account and streamline your books

Connect your North One Business Checking Account to your back office with specialized tools that let you close your books faster.



Our growing list of supported accounting suites include QuickBooks Online, Wave Accounting, Zoho Books, and Patriot Accounting.

Outstanding on-shore support when you need it

North One delivers industry-leading response time with a 85%+ satisfaction rate.14

Schedule a call, send an email, or chat live with our local customer care experts Monday to Friday, 9AM to 6PM ET (excluding December 25th and January 1st)

Earn and Save with North One

Along with earning a competitive APY1 on your account balance and cash back on debit card purchases, North One users also enjoy savings on business software and reduced ATM fees.

Up to 4%
Cash Back4

Use your North One debit card at participating gas stations, restaurants, and hotels to earn cash back on your purchases.

$29,000+
in Perks

Browse our hand-picked discounts, free trials, and sign-up offers to build, manage, and grow your business.

ATM fee 
reimbursement5

North One users can use millions of ATMs worldwide, plus we'll reimburse up to 6 third-party ATM fees each month.

The small business community loves North One —but don’t just take our word for it

Steve

As one of North America's leading event producers, we rely heavily on seamless and real-time financial management. We found a perfect partner in North One! Their tailored business banking solutions dramatically improved our efficiency, allowing us to focus more on creating unforgettable experiences for our clients, rather than getting bogged down by financial minutae.


North One's dedicated customer support team deserves a special shout-out! They're not just responsive and knowledgeable, but they truly understand the unique challenges of the event industry. I don't know how they do it, but they make me feel like I am their most important customer - every single time. I wholeheartedly recommend North One!

via

Patriot Craft

[North One] has met my expectations, and then some. Kat was great, and more helpful than any other customer service agent I’ve had anytime recently. Very quick too!

via

Edan K

Legit good online bank [account]. The envelopes are Profit First compatible. That’s an A in my books. Appreciate the help support staff for having shown me around.

via

Yara L

I run a full time bakery & have been selling antiques on Etsy on the side for 4 years and North one makes it super simple to keep track of both my payroll and second income w the sub accounts option, and I can integrate it directly with Etsy which is amazing.

via

Priscilla G

Great bank [account] for small business owners. Easy to set up and the app is user friendly.

via

Frequently Asked Questions

What is Business Interest Checking?

Business Interest Checking is a type of account that allows businesses to earn interest on their balance while still performing regular transactions like deposits, withdrawals, and bill payments. Many traditional and online banks offer them.

What is the difference between a business checking and savings account?

A business checking account is usually used for regular business transactions like purchases and deposits while a business savings account is typically used for saving for future transactions and earning interest on account balances.

North One’s Business Checking Account combines the best features of both account types by offering up to 3.00% APY1 on your account balance, no limits on monthly cash withdrawals—like some savings accounts, and the ability to separately save for transactions with Envelopes.

Is there a business account that pays interest?

Yes, a variety of business accounts pay interest, including business interest checking accounts, high-yield business savings accounts, and money market accounts. Each account type offers different interest rates, fees, and balance requirements.

Can a business have an interest-bearing checking account?

Yes, you can opt for a business interest checking account, which pays interest on your balance while allowing for regular transactions like deposits, withdrawals, and bill payments. Not all banks offer this option, so be sure to choose one that does.

What bank pays interest on business accounts?

Many banks offer interest-bearing business accounts. Business owners can choose from traditional banks like Chase and Wells Fargo, or opt for online business checking accounts like North One, which may provide competitive rates, lower fees, and more business solutions.
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1 The Annual Percentage Yield ("APY") for your Standard or Plus Plan is variable and may change at any time. 2.50% APY applies to Standard Accounts, and 3.00% APY applies to Plus Accounts on balances of $250,000 or less if eligibility requirements are met, including but not limited to a cumulative monthly card spend of at least $500.00, and if the account balance is greater than $0.00. For Accounts with balances over $250,000 the APY will range from 3.00% to 2.14% for Plus Plans and 2.50% to 1.78% for Standard Plans. The disclosed APY is effective as of December 18, 2024, please see your APY Program Terms & Conditions for details.

2 While North One does not issue personal checkbooks to write checks, North One gives you the freedom to send checks to anyone, anytime, from anywhere via your North One Account. See your Deposit Account Agreement for more details.



3 The national average interest rate for interest checking as posted on https://www.fdic.gov/national-rates-and-rate-caps, as of November 18, 2024.



4 The automatic rebate program is through Mastercard's Easy Savings rebate program terms and conditions may apply. Please see Terms & Conditions here.

5 North One does not charge a fee for this service but may reimburse you for third party fees charged. You must contact Support to request reimbursement. Some restrictions apply.

6 Timing of transfer depends on when the payment is scheduled. See the Deposit Account Agreement for cut-off times and more information.

7 Fees are charged for certain payment services, see the Fee Schedule in the Deposit Account Agreement for details.

8 See Deposit Account Agreement for more details on ACH transfers, same-day ACH transfers, domestic wires, bill pay, and sending physical checks.



9 Based on data pulled from Chase Business Deposit Account Agreement on June 24, 2024 https://www.chase.com/content/dam/chase-ux/documents/personal/checking/biz-how-your-transaction-will-work.pdf.

10 Based on data pulled from Wells Fargo Business Account and Fees Information on June 24, 2024 https://www.wellsfargo.com/assets/pdf/small-business/information-schedule.pdf.

11 Based on data pulled from Bank of America's Business Service Fees on June 24, 2024 https://www.bankofamerica.com/salesservices/smallbusiness/resources/business-schedule-fees/.

12 The NorthOne Plus Account has a $20 monthly fee. See our Deposit Account Agreement for details.



13 Real-Time Payments are available through The Clearing House Payments Company, LLC and generally occur within seconds, however certain circumstances could result in a delay or cancellation of a payment. See your Deposit Account Agreement for more details.



14 Satisfaction rate reflects our most up-to-date customer satisfaction score, which is updated monthly based on Customer Service Reports.



‡ The Bancorp Bank, N.A.; Member FDIC. North One is not FDIC-insured. Deposit insurance coverage only protects against failure of The Bancorp Bank, N.A.
© 2024 North One. All Rights Reserved.

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Banking Services provided by The Bancorp Bank, N.A., Member FDIC. The North One Mastercard® Small Business Debit Card is issued by The Bancorp Bank, N.A., Member FDIC pursuant to license by Mastercard International Incorporated and may be used everywhere Debit Mastercard is accepted. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated.

IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT: To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an Account. What this means for you: When you open an Account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see a copy of your driver’s license or other identifying documents.