(EXPIRED) NorthOne bonuses for both new and existing accounts

NorthOne is a business debit card account that I’ve written about a number of times because in addition to a very short-term excellent new account bonus they ran last year, they ran a multitude of good spending offers this spring. They once again have a new account bonus through Swagbucks and while small it might be worthwhile for the gamblers among us because they have recently come out of the woodwork with some new spending offers, including $20 back on $40 that ended yesterday and a new $20 back on $40 valid through the end of September. I’m not sure whether new account holders will be able to get that spending offer in addition to the new account holder bonus, but if you’re a gambler and you want to bet on ongoing offers you may come out ahead.

New account offer: 10K Swagbucks ($100) with $50 deposit

• Swagbucks is currently offering 10,000 Swagbucks (worth $100) when you open a new North One account and deposit $50 or more
• Direct link to this promotion

New account key terms:

• *SB are distributed by Swagbucks, not by NorthOne.
• SB will appear as Pending for 32 days.
• This offer is only available to new NorthOne customers.
• Must open a NorthOne account through the Swagbucks affiliate link.
• Must enter valid sign-up information, including account funding information to earn SB.
• Must sign-up and deposit $50 or more to earn SB.
• Must keep account active past 30 days.
• Offer may only be redeemed once (1) per user.
• If you are not credited within 32 days of offer completion, you have 14 days to contact the Swagbucks Help Center for further investigation.
• Help Center tickets submitted after the 14 day grace period are not eligible for further investigation and SB.
• See offer page for full terms

New spending offer for existing accounts

• NorthOne is sending an offer to some current account holders to spend $40 with your NorthOne debit card in one transaction by September 30th and get $20 added to your account. This is likely a targeted offer.

Current cardholder spending offer terms

• 1 debit card purchase must be made by September 30^th at 11:59PM EST to qualify for the offer.
• The purchase must be $40 or more. Limit 1 per customer. Offer cannot be combined with other offers.
• $20 (“The Offer”) will be automatically applied to your account within 5-7 business days.

Quick Thoughts

NorthOne is a very poor deal overall. They charge $10 per month for what is really just a business checking account with a slightly above average app.

However, they have been the gift that keeps on giving for me (albeit one small gift at a time) because they have run a number of bonuses this year (just pop “NorthOne” into the search box at the top of this page to find other posts — they have run a number of decent little bonuses worth $20 here, $100 there, etc).

Furthermore, each time I have asked to cancel they have offered at least a month or two of fee-free banking. I have also forgotten about it and gotten charged $10 a few times (clearly that is their hope), but given the initial account bonus I got ($300) and the ongoing bonuses I’ve earned, I’ve been willing to pay it a few times.

There was a promo this week for $20 back on $40 on the debit card and I only realized it the final day of the promo. I didn’t even have $40 in my account, so I tried a wire transfer from an external account. That wire transfer showed up as pending in my account activity and NorthOne charged a $15 fee. Whoops! Not only did I miss the promo, but I got hit with a $15 fee. I took that as the kick in the butt that I needed to finally close the account, so I pulled up chat and asked to close it because of getting hit with the incoming wire fee and the money not being available right away. In response, they offered to waive the incoming wire fee as a one-time courtesy and give me 2 months of free banking (no $10 fee). Then this new spending offer for $20 back on $40 came out so I accepted their offer. That’ll give me 2 free months (really almost 3 before my next monthly fee is charged) to see if they continue with offers like these that make it worth keeping the account open. To be clear, it definitely isn’t worth $120 per year, but given that they have waived the fee more months than not and given so many bonuses over the past year, I’ve been happy enough to pay them here and there and keep collecting.

I’ll probably close this one before I get hit with my next fee in December, but in the meantime hopefully I’ll pick up some more bonuses. While the new account bonus of $100 with a $50 deposit isn’t anything special on its own, it may be worth a gamble on this account — but to be clear it is a gamble (they may not run any good promos and then it definitely isn’t worth $10 a month) and it may be worth holding out to see if they come back with a $300 offer again.

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