North One vs Wise for non residents

By Rohan Smith, 16 December, 2022

North One review for non-residents without SSN

By Rohan Smith, 17 November, 2022
Bank
North One
SSN Required?
For Residents
ITIN Required?
No
Can Apply Online?
With EIN
Summary

The NorthOne business bank account is a worthwhile option for any small business owner looking for an online business checking account. For a $10 monthly fee, NorthOne offers unlimited fee-free transactions, fee-free in-network ATM access, and a variety of digital tools.

Features
  • Unlimited fee-free transactions.
  • No NorthOne fees when you use a Mastercard Cirrus or MoneyPass ATM; ability to deposit cash through the Green Dot network.
  • Digital banking tools include unlimited Envelopes, bill pay, and expense management.
  • Integrate with business tools, including QuickBooks, Shopify, Stripe, Square, and Expensify.
  • Access customer support via in-app live chat, phone, or email with extended hours.
Cons
  • $10 monthly fee, with no options to waive.
  • You may incur ATM fees from the ATM owner-operator, even when in-network.
  • Cash deposits at Green Dot locations incur a fee of up to $4.95 per deposit.
  • Can’t send or receive international wires.
  • High fees, and low limits for cash deposits.
Link
https://get.northone.com/
Neobank?
No

Wise review for non-residents without SSN

By Rohan Smith, 17 November, 2022
Bank
Wise
SSN Required?
No
ITIN Required?
No
Can Apply Online?
Yes
Summary

Wise isn't a bank in the US but a money transfer operator that's well-known for offering some of the cheapest international transfers globally. However, in addition to money transfers, Wise also offers a Multi-Currency Account, a low-cost foreign currency spending account, and a Visa debit card.

Features

Even without a US residence, the Wise Account gives you US checking details.

  • A debit card to spend in 50+ currencies, including US dollars.
  • You can use this account to get paid by employers in US dollars. - Send money domestically within the US.
  • The Wise debit card is accepted worldwide.
  • Local bank details are not just in the US, but also in the UK, EU, Australia, New Zealand, Singapore, Romania, Canada, and Hungary.
Cons
  • The fee to receive wire transfers (domestic and international) is $7.50 per transaction.
  • Incoming payments can only be in US dollars, no other currency will be accepted.
  • Incoming domestic transfers take 2 to 3 working days to arrive in the account, while international transfers take 4 to 5 days.
  • You can't yet set up a direct debit.
Link
Apply Now!
Neobank?
Yes