NorthOne Review

The NorthOne business banking solution is geared towards cost savings. By eliminating the need for visiting land-based bank branches and waiting in line for transactions to be processed, it’s much easier to reduce costs and streamline operations. Digitized invoices, receipts, and statements transform business operations and eliminate unnecessary expenses. SMEs can conduct business-related activity online, from PC, Mac, or mobile, anywhere in the world.

Since all business finances can be conducted through the NorthOne app (wire transfers or ACH), there are no delays getting transactions processed and finalized. The app makes it easy to send payments, and you can also withdraw cash from an ATM near you. The business account comes standard with multiple category elements such as pay, deposit, adjust envelopes, and invoice.

With NorthOne, deposits can be processed through the mobile app at zero cost through many of the largest networks in the country. ATMs can be located according to your geographic location. Simply enter the location on the NYCE.net platform, direct from the app on the phone.

The envelope feature allows you to instantly set up customized rules for budgets. This allows businesses to manage important expense items such as payroll, taxes, and rentals et al. Rules can be set by amount, or by a percentage of available resources. Envelopes can be created from your deposit account, for specific subcategories of expenses.

The NorthOne business account can easily be integrated with myriad applications to make your business run smoothly. These include Shopify, PayPal, Venmo, Amazon, Etsy, Airbnb, Alto, Gusto, Lyft, Uber, QuickBooks, The Home Depot, Walmart, FreshBooks, ADP, Wave, Verizon, T-Mobile, Facebook, and scores of others.

Integrations allow for instant connectivity with your preferred accounting software to ensure that debits and credits are automatically balanced at all times. E-commerce activity such as invoicing and order numbers can easily be managed from your account, with records available for all transactions.

Startups can benefit from the reliable, accurate, and rapid transactions processing capabilities of NorthOne. Plus, you can automatically share transaction data across a variety of business tools. Further options include full details of the context of all purchases. The feature-rich deposit account also comes with a debit card which can be used anywhere that debit MasterCards are accepted.

The NorthOne MasterCard debit card is a useful perk available to account holders. These cards can be used for online shopping or in-store shopping at your leisure. Cash withdrawals can be processed at all MoneyPass ATMs across the country. Additional features such as ordering new cards, freezing cards, or activating new cards are easily processed through the phone.

All NorthOne accounts are guaranteed safe and secure with biometric authentication methods. Full fraud monitoring capabilities are implemented to ensure that you are protected at all times. SSL encryption (Secure Socket Layer), and ID verification are used to guarantee the integrity of client accounts. Plus, there is FDIC insurance up to $250,000 (The Bancorp Bank). Clients can implement Face ID™ or Touch ID™ for additional security.

NorthOne differs from many other business banking solutions by dint of its customer support. Clients can instantly communicate with team members directly through the website, or the app via live chat. Telephone support is also available, and callback functionality ensures that customers don’t have to spend any time waiting on line for a support agent. Other contact options include email with rapid turnaround times.