Tay Cooper-Clark
Importance of Checking Account Northone
When dealing with banks, most just go with an option that can get the job done. NorthOne is a platform built for entrepreneurs by entrepreneurs, with the intention of changing the way business owners view and think of banking.
NorthOne has risen to the top as one of the best bank accounts for small businesses looking for an online business checking account. For a small fee of $10 monthly, NorthOne offers unlimited fee-less transactions. Useful digital tools, and fee-free in-network ATM access.
NorthOne offers particular convenience for small business owner, contractors, and freelancers. In need of separating their business and personal finances. The business accounts are custom made to provide a simple banking application. Offering the same services traditional business banking accounts provide as well as integrations with third party services. Building a simple yet comprehensive business banking platform.
BENEFITS OF NORTHONE
- Due to their $10 monthly fee, NorthOne provides its clients with unlimited fee-less transactions.
- Assist with building sub-accounts (referred to as envelopes) and budgets for your business’s expenses
- Create and track an unlimited number of invoices from your account
- Integrated with essential business tools. Including Shopify, QuickBooks, Stripe, Expensify, and Square.
- Attaching receipts to bank transactions for easy and automatic transaction categorization
Though a young company, NorthOne offers an online only bank. Specifically designing the account to match the needs of small businesses (this includes companies with less than 50 employees), startups and freelancers. Trusted by more than 300,000 businesses.
ACQUIRING A BUSINESS CHECKING ACCOUNT
It’s not only easy to set up an account but quick too! The account only requires three minutes of your time. If you’re a sole proprietor, you’ll need:
- Birth Certificate
- Personal Identification
- Business License
- SSN
But what about partnerships or having a co-owner? Don’t worry, NorthOne has got you covered. All owners will have access to the account. But will require BOTH parties:
- Birth Certificate
- Personal Identification
- Business License
- Any organizing document, filed with the state
- Partnership agreement
This will provide a simple solution for separating personal and business finances. Making it easier to track your money.
WHY SHOULD YOU OPEN AN ACCOUNT WITH NORTHONE?
For small businesses and freelancers, you may not need a traditional business banking arrangement. NorthOne provides a simple, mobile system that integrates the tools used for your business. NorthOne’s account is low on fees, with the largest being their flat monthly fee of only $10. You receive unlimited payments, transfers, ad deposits. Due to its online only design, NorthOne can assist in handling your business banking anywhere, anytime.
Deposits - Amongst all the other perks of NorthOne it also provides mobile check and CASH deposits. An uncommon benefit that is not offered with most online banking.
Budgeting – NorthOne’s envelopes (sub-accounts) allow you to separate payments to cover important expenses. Like taxes. Which can help level out your cash flow.
If you’re looking for a comprehensive financial center for business, that doubles as a low-cost checking account. NorthOne Business Checking should be the first on your list of online business banks.