Holdings vs NorthOne
North One is a strong fintech competitor with a free base account, competitive APY (up to 3% on paid tiers), and solid small business features.
Feature comparison
See how Holdings stacks up against NorthOne
| Feature | Holdings | NorthOne |
|---|---|---|
| Monthly Fee | $0 | $0 (Standard); $30/mo (Plus) |
| Min. Balance | $0 | $0 |
| APY (Checking) | 1.75% | 2.50% (Standard, up to $250K w/ $500 debit spend); 3.00% (Plus) |
| APY (Savings) | 1.75% | N/A (no separate savings) |
| FDIC Insurance | Up to $3M | $250K (via The Bancorp Bank) |
| Free Transactions | Unlimited | Unlimited |
| Sub-Accounts | Unlimited, free | Unlimited "Envelopes" (free) |
| Built-in Accounting | Yes, free | No |
| Auto-Categorization | Yes | Basic categorization |
| Nonprofit Features | Yes | No specific nonprofit features |
| Physical Debit Cards | Free | Free |
| Virtual Cards | Free | Available |
| Domestic ACH | Free | Free (fees for some payment services) |
| Domestic Wire | Free | $15–$30 (varies) |
Why choose Holdings over NorthOne
Built-in accounting software
This is Holdings' biggest differentiator over North One. North One is a banking app — not an accounting platform. You'll still need QuickBooks/Xero ($30–$80/month). Holdings replaces both your bank AND your accounting software.
FDIC coverage up to $3M
North One covers the standard $250K through The Bancorp Bank. Holdings extends to $3M — a major advantage for nonprofits holding restricted funds or grant money.
Purpose-built nonprofit features
Holdings offers fund accounting, restricted fund tracking, and nonprofit-specific tools. North One targets general small businesses without nonprofit specialization.
Free domestic wires
North One charges for wire transfers. Holdings includes free domestic wires.
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When NorthOne might be the better choice
NorthOne may be a better fit if you need Higher checking APY, Sub-account \"Envelopes\" with budgeting, or Cash deposits at Allpoint ATMs.
Frequently asked questions
Is Holdings or North One better for nonprofits?
Holdings. North One doesn't offer nonprofit-specific features like fund accounting or restricted fund tracking. Holdings is purpose-built for nonprofits and churches.
Can I switch from North One to Holdings?
Yes. Both are fintech platforms — open a Holdings account and transfer via ACH.
Does North One have nonprofit banking features?
No. North One targets general small businesses. No fund accounting, donor management, or nonprofit-specific reporting.
Which has higher APY — Holdings or North One?
North One: 2.50–3.00% vs. Holdings' 1.75%. However, North One's 2.50% requires $500/month in debit card spending, and their 3.00% requires a $30/month paid plan.
Does North One include accounting software?
No. North One is a banking-only platform. You'll need separate accounting software like QuickBooks ($30–$80/month).
Ready to switch?
Open your Holdings account in minutes. Keep your current bank during the transition — move at your own pace.
1.75% APY† • Zero fees^ • FDIC insured to $3M*