All NorthOne applicants are required to provide an initial deposit of $50 minimum in order to access all of NorthOne’s features and offerings.
This deposit must be completed via a debit card that meets the following criteria:
The card is an American debit card (not a credit card or a prepaid card)
The card has not been used to fund a NorthOne application before
The card is not a NorthOne Mastercard® Small Business Debit Card
The address tied to the debit card is the same address provided on your NorthOne Application
The card has sufficient funds (minimum $50 deposit, maximum $250)
Your bank will place an authorization hold on your debit card once the details have been submitted. Should your application to NorthOne be unsuccessful, the transaction will not settle and the funds will return to your bank account. If you have questions about the authorization hold, you will need to contact your bank directly.
Having difficulty submitting your initial debit deposit? Check out this article for more help.
The NorthOne Mastercard® Small Business Debit Card is issued by The Bancorp Bank, pursuant to license by Mastercard International Incorporated. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. Card may be used everywhere Mastercard is accepted.
NorthOne is a financial technology company, and not a bank. Banking services are provided by The Bancorp Bank; N.A., Member FDIC.