NorthOne $20 Business Checking Bonus

NorthOne is offering a $20 sign-up bonus for opening a business bank account and funding it with at least $50. Learn more about the NorthOne Deposit Account bonus and how to take advantage of this offer below.

For more current bank offers, see our bank bonuses page. The most popular offers are from Chase BankSoFi, U.S. Bank, and Axos Bank.

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NorthOne Business Checking Account $20 Bonus

NorthOne is offering a $20 bonus when you open a NorthOne Deposit Account. To earn the bonus, simply:

  1. Open a new NorthOne Deposit Account.
  2. Deposit $50 or more into your account.
  3. Receive a $20 bonus deposited into your account within 5-7 business day of account opening.

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

Am I eligible for the $20 bonus?

You’re eligible for the $20 bonus if you’re considered a new NorthOne business banking customer, which means you haven’t been approved for a NorthOne Deposit Account in the past 48 months.

Can I open a business bank account without a business?

A lot of people think they can’t open a business bank account because they don’t have an Employer Identification Number (EIN). That’s simply not true.

Many small businesses are run by individuals. Do you sell on eBay, blog online, or have a side hustle? Then you have a business.

So when you open a business bank account like this NorthOne Deposit account, just use your Social Security Number during the application process.

What are the offer details?

Availability: Nationwide
Expiration: 2/20/2023
Household Limit: None
Direct Deposit Required: No
Early Account Termination Fee: None

What are the fees?

This NorthOne Deposit Account has a monthly service fee of $10 that can’t be waived. The monthly fee provides the following benefits:

  • No overdraft fees
  • No NSF fees
  • No minimum balances
  • No commitment
  • Cancel anytime
  • ACH and wire payments from your phone or computer
  • Human support on your schedule
  • Connect to business apps including PayPal, QuickBooks, and Square

For information on this account, read this PDF document that details everything you need to know about the NorthOne business bank account.

The Bottom Line

This isn’t a big bank bonus compared to other bank offers like the $300 Chase business checking bonus. There’s also a $10 monthly fee that can’t be waived.

I’d probably wait for a higher sign-up offer from NorthOne, either from a referral bonus or a deal on Swagbucks. However, it’s important to point out that as a NorthOne business banking customer, you get targeted for a number of great promos. Past ones include:

  • earn $20 when you make a $20 deposit
  • get $50 when you update your account details
  • get a $100 Amazon gift card when you add $100 to your account

So if you’re looking for a business bank account anyway, it may be worth your while. For now, I won’t add this to the list of best bank bonuses.

About John Pham

John Pham is a personal finance expert, serial entrepreneur, and founder of The Money Ninja. He has also been fortunate enough to have appeared in the New York Times, Boston Globe, and U.S. News & World Report. John has a B.S. in Entrepreneurship and a Masters in Business Administration, both from the University of New Hampshire.

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