Head-to-Head
Axos Bank Business Checking
Basic = $0 monthly + unlimited items + unlimited domestic ATM rebates. Interest = waivable $10 + declining-tier APY.
VS
North One Business Banking
$0 Standard checking + APY if you spend $500 on the debit card; envelopes + integrations; weak cash / no international wires
Monthly Fee
Basic: $0 unconditional. Interest: $10/mo waived if average daily balance ≥ $5,000
Standard: $0. Plus: $30/month or $300/year. Not balance-waivable. Unpaid Plus cycle → downgrade to Standard.
Checking APY
Basic: none. Interest: tiered variable — 1.01% ($0–$49,999.99), 0.20% ($50k–$249,999.99), 0.10% ($250k–$4,999,999.99), contact RM at $5M+
Standard: 2.50% (rate 2.47%) on first $250,000 ADB. Plus: 3.00% (rate 2.96%) on first $250,000 ADB. Above $250k: 0.00%.
Rating
8.1/10
8.2/10
Costs & Fees
| Metric | Axos Bank Business Checking | North One Business Banking |
|---|---|---|
| Monthly maintenance | Basic: $0 unconditional. Interest: $10/mo waived if average daily balance ≥ $5,000 | Standard: $0. Plus: $30/month or $300/year. Not balance-waivable. Unpaid Plus cycle → downgrade to Standard. |
| Fee waiver | Interest Checking only — $5,000 ADB waives $10 monthly fee. Basic has no monthly fee. | N/A on Plus — hard subscription. Standard already $0. |
| Transaction fees | Basic: unlimited items (debits, credits, deposited items). Interest: 100 free items/month then $0.50 each. RDA deposits count as 2 items; 60 RDA items/month cap on both. | No excess-item fees on standard ACH, card, deposits. Flat subscription + listed item fees only. |
| Overdraft/NSF | NSF paid or returned item $25 (max $75/day); no fee if negative balance less than NSF fee. Returned deposited item $10. Linked-account OD transfer free. | $0 NSF/overdraft. Insufficient funds → declined/returned. No overdraft protection offered. |
| ATM fees | Axos charge $0. Unlimited domestic third-party ATM surcharge reimbursements on both products. International ATM surcharges not reimbursed. | Allpoint: $0 North One fee. OON: $2.50 + operator surcharge. Rebates discretionary (request within 60 days). Standard: marketing 2 OON reimbursements/mo; Plus: up to 6. |
| Wire/ACH | Incoming domestic + international: $0. Outgoing domestic: $15. Basic reimburses 2 outgoing domestic wires/month. Outgoing international: $50. Online/automated transfers free. ACH origination is treasury add-on. | Incoming domestic wire $0, unlimited count. Outgoing domestic $20 (Standard) / $15 (Plus). International wires rejected. Standard ACH in/out $0. |
Interest & Yields
| Metric | Axos Bank Business Checking | North One Business Banking |
|---|---|---|
| Checking APY | Basic: none. Interest: tiered variable — 1.01% ($0–$49,999.99), 0.20% ($50k–$249,999.99), 0.10% ($250k–$4,999,999.99), contact RM at $5M+ | Standard: 2.50% (rate 2.47%) on first $250,000 ADB. Plus: 3.00% (rate 2.96%) on first $250,000 ADB. Above $250k: 0.00%. |
| Savings APY | Business Premium Savings advertised up to 3.60% APY as of 9/2/2026 — separate product, not checking APY | N/A — Envelopes are designations on same deposit balance, not separate savings APY |
| FDIC coverage | Standard FDIC $250,000 per depositor per ownership category at Axos Bank (Cert 35546) | Standard FDIC $250,000 per depositor per ownership category at The Bancorp Bank, N.A. |
Features & Access
| Metric | Axos Bank Business Checking | North One Business Banking |
|---|---|---|
| Branch/ATM network | No SMB retail branches. Any U.S. ATM with unlimited domestic surcharge rebates (~90,000+ network cited). Cash deposits at deposit-taking Allpoint+/MoneyPass ATMs only. | No branches. Allpoint ~55,000+ (withdrawal $0). Cash deposit via Green Dot retailers (Walgreens, CVS, Walmart, 7-Eleven). No teller/night drop. |
| Mobile app | iOS ~4.7; Android ~4.6 (~10.1K reviews); NerdWallet weighted ~4.52 (Feb 2026) | North One - Business Banking iOS ~4.7 (~2.8k ratings); Android 3.9 (~1.85k reviews). Android login-failure complaints noted. |
| Virtual cards | Standard Visa debit only; virtual employee cards not disclosed | Included — team cards, freeze, permissions |
| Opening deposit | Basic: none. Interest: $100 | $0 marketing / $50 in reviews — confirm in app |
| Eligibility | U.S. companies only — sole prop, GP, LLC, LP/LLP, C-corp, nonprofit corp, association/HOA. U.S. resident signer with SSN and physical business address required. | Sole prop, partnership, LP, LLP, LLC, corporation. Nonprofits explicitly excluded. Not for personal/household purposes. |
Pros & Cons
Axos Bank Business Checking
Pros
- Basic: $0 monthly, $0 open, unlimited item processing (Agreement 07/2025)
- Unlimited domestic ATM surcharge rebates on both products
- Incoming domestic and international wires $0 on fee schedule
- Basic reimburses two outgoing domestic wire fees per month
- Interest Checking publishes dated deposit APY (1.01% as of 9/2/2026) with no spend gate; IntraFi ICS to $265MM
Cons
- No branches; cash is ATM/retail-constrained with possible retailer fees
- Interest Checking: $0.50/item after 100 plus 60-item RDA cap; APY falls sharply above $50k
- RDA availability can be five business days by contract
- Business support weekday-only; reviews cluster on holds, portal bugs, slow ops
- Outbound international wires $50 + undisclosed FX; no multi-currency; weak native multi-user
North One Business Banking
Pros
- Standard $0 with no min-balance fee and $0 NSF/overdraft (declines instead)
- Checking APY 2.50% / 3.00% on first $250k if $500/mo debit spend — rare among $0 business checking
- Incoming domestic wires $0, unlimited count
- Unlimited Envelopes + QBO and processor connections on both plans
- Same-day ACH and mailed checks $0 on Plus; inbound RTP up to $1M per payment
Cons
- No international wires (rejected)
- Green Dot cash cap $5,000/month; retailer fees after 1–3 reimbursements
- APY 0% above $250k; no extended FDIC sweep
- APY requires $500 monthly card spend — not park-and-earn
- Plus hard $30/$300 subscription; BBB F and freeze/closure complaints; weaker Android ratings
Verdict
Axos Bank Business Checking
Axos Bank offers two online SMB checking accounts at a direct FDIC member bank (Cert 35546). Basic Business Checking is structurally cheap: $0 monthly, $0 open, unlimited items, free incoming wires, and two reimbursed outgoing domestic wires — ideal for digital SMBs. Business Interest Checking adds tiered APY (1.01% below $50k as of 9/2/2026) but charges $10 unless $5k ADB and meters items after 100. Both cap mobile deposits at 60 items with up to 5th-business-day availability. IntraFi ICS to $265MM helps large balances but checking APY collapses above $50k. Weak on branches, cash, multi-user, and 24/7 support. Price Interest against the $50k APY cliff and item cap.
North One Business Banking
North One is a Bancorp-partnered fintech with Standard $0 and Plus $30/$300. Conditional APY 2.50%/3.00% on first $250k requires $500 monthly debit spend. Incoming wires free; outgoing $20/$15; intl wires rejected. Green Dot cash capped $5k/mo. Envelopes and processor rails are differentiators but envelopes are labels not sub-accounts. Hard fails: cash-heavy, intl, nonprofits, non-resident founders, treasury above $250k.