- June 29, 2021
- Posted by: Stratford Team
- Category: Business
NEW YORK–(BUSINESS WIRE)–NorthOne, one of the country’s leading banking apps for small businesses, today announced that it has officially eliminated all non-sufficient funds (NSF) and overdraft fees for all its current and future customers. By using NorthOne, small business owners can focus on what matters most: running their business.
NorthOne is a financial technology provider, not a bank. Banking services are provided by The Bancorp Bank, Member FDIC.
“Fees like NSF and overdraft began a long time ago as a deterrent and cost recovery mechanism, but have since become an entire industry and profit center for many traditional banks,” said Eytan Bensoussan, CEO & Co-Founder of NorthOne. “That’s not right. And this can be especially painful for many small businesses. We’re excited to eliminate NSF and overdraft fees for NorthOne customers and make our pricing even more transparent and simple.”
While many big corporations…