Head-to-Head
Old National Bank Business Checking
Branch + cash deposits; low/no monthly fee with 500-item cap; Midwest/Southeast relationship bank (not high-APY checking)
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
Access: $0 on current product page ($3/mo paper statements; eStatements free). Pro: $25/mo OR $0 with $20,000 avg ledger OR $50,000 combined checking+savings+MMA avg ledger.
Standard: $0. Plus: $30/month or $300/year. Not balance-waivable. Unpaid Plus cycle → downgrade to Standard.
Checking APY
0.00% — noninterest-bearing on Access and Pro
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
7.6/10
8.2/10
Costs & Fees
| Metric | Old National Bank Business Checking | North One Business Banking |
|---|---|---|
| Monthly maintenance | Access: $0 on current product page ($3/mo paper statements; eStatements free). Pro: $25/mo OR $0 with $20,000 avg ledger OR $50,000 combined checking+savings+MMA avg ledger. | Standard: $0. Plus: $30/month or $300/year. Not balance-waivable. Unpaid Plus cycle → downgrade to Standard. |
| Fee waiver | Access: unconditional $0 maintenance (use eStatements to avoid $3 paper fee). Pro: $20k ledger or $50k combined deposit averages. | N/A on Plus — hard subscription. Standard already $0. |
| Transaction fees | 500 items/month free then $0.50 each. Items = checks paid, withdrawals, deposits, deposited items, ACH/POS debits and credits. | No excess-item fees on standard ACH, card, deposits. Flat subscription + listed item fees only. |
| Overdraft/NSF | Paid NSF/Overdraft Item $36 if overdrawn >$25; max 2 paid items/day. Daily Overdraft $7 from day 7 if overdrawn >$25 for 7+ consecutive business days, up to 5 days. Overdraft Courtesy discretionary. | $0 NSF/overdraft. Insufficient funds → declined/returned. No overdraft protection offered. |
| ATM fees | ONB + Allpoint (~55,000+) $0 ONB fee. Non-ONB/non-Allpoint: $3 Foreign ATM Fee + operator surcharge. No rebate disclosed. | 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 $16; outgoing domestic $30; incoming intl $16; outgoing intl $50. Pro/Payments Plus: 1 free domestic outgoing wire/month; discounted fees thereafter not disclosed. | Incoming domestic wire $0, unlimited count. Outgoing domestic $20 (Standard) / $15 (Plus). International wires rejected. Standard ACH in/out $0. |
Interest & Yields
| Metric | Old National Bank Business Checking | North One Business Banking |
|---|---|---|
| Checking APY | 0.00% — noninterest-bearing on Access and Pro | 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 Savings and Business Market Monitor: tiered interest; APY not disclosed on public pages | 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 Old National Bank | Standard FDIC $250,000 per depositor per ownership category at The Bancorp Bank, N.A. |
Features & Access
| Metric | Old National Bank Business Checking | North One Business Banking |
|---|---|---|
| Branch/ATM network | ~346–361 banking centers in IL, IN, IA, KY, MI, MN, NC, ND, TN, WI. ONB ATMs + Allpoint ~55,000+ surcharge-free. Cash deposit at deposit-taking ONB ATMs. | No branches. Allpoint ~55,000+ (withdrawal $0). Cash deposit via Green Dot retailers (Walgreens, CVS, Walmart, 7-Eleven). No teller/night drop. |
| Mobile app | Old National Mobile app — Google Play ~4.5 (13.8K reviews). iOS U.S. volume uncertain from public scrapes. | North One - Business Banking iOS ~4.7 (~2.8k ratings); Android 3.9 (~1.85k reviews). Android login-failure complaints noted. |
| Virtual cards | Not disclosed | Included — team cards, freeze, permissions |
| Opening deposit | $100 | $0 marketing / $50 in reviews — confirm in app |
| Eligibility | Sole prop, association, org, partnership, LLC, corporation, business fiduciary/escrow per agreement. EIN emphasized in checklist. | Sole prop, partnership, LP, LLP, LLC, corporation. Nonprofits explicitly excluded. Not for personal/household purposes. |
Pros & Cons
Old National Bank Business Checking
Pros
- Access $0 maintenance with 500-item bucket and no minimum balance (ONB product page)
- $25,000 monthly cash/currency free then $0.15 per $100 — explicit branch-bank pricing
- Allpoint 55k+ surcharge-free ATMs plus ~346+ owned branches in 10 states
- Pro bundles Autobooks Basic, 1 free domestic wire/month, ACH allowance, and fraud tools
- Path to ONPointe Treasury, Analysis Checking, Elavon merchant, and local lending; $400/$800 bonus through Oct 30, 2026
Cons
- 0.00% APY on checking
- In-person opening only — not nationwide online account
- 500-item definition is broad (ACH, POS, deposits count) at $0.50 over — easy to exceed
- Full current business fee schedule PDF not publicly posted
- Out-of-network ATM $3 + 3% foreign debit fee; standard FDIC $250k only
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
Old National Bank Business Checking
Old National Access Business Banking is branch-opened FDIC checking: Access $0 maintenance, 500 items then $0.50, $25k cash free then $0.15/$100. Pro adds $25 fee (waivable at $20k/$50k), bundled Autobooks/Payments Plus, 1 free wire/month, 25 ACH/month. 0% APY. Wires $16 in / $30 out / $50 intl. Full business fee PDF not posted. Fits in-footprint cash SMBs; poor for remote founders and high-volume treasury.
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.