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Nearside Review

Up to 5% cashback on many business purchasesUp to 5% cashback on many business purchases

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Michael Graw
Michael Graw
Nov. 15, 20224 min read

Nearside summary

Nearside's small business checking account enables you to manage your business’s cash flow with no minimum deposit, balance, or transaction requirements. There are no fees for transferring money or sending checks electronically. Nearside offers unlimited ATM withdrawals at over 55,000 ATMs, discounts with leading business services, and 2.2% cashback on business purchases for the rest of 2022. You can open an account within one business day.


  • No minimum deposit or monthly balance
  • 2.2% cashback on all business purchases in 2022
  • Discounts with leading business services


  • Does not offer 24/7 phone support
  • Limited electronic checks
Nearsideat a glance

Editorial score


Yes, low fees



FDIC insured, SSL/AES encryption and supports 2 factor and biometric authentication


Customer service

Customer service during extended business hours


Online experience

Excellent user friendly site with transparency of rates and full online banking capabilities


Mobile experience

Excellent mobile app with all mobile banking features enabled, including digital check deposits


Nearside Nearside Visit Nearside

Advantages Over Traditional Banks 

Nearside is designed to help small business owners on the go manage their money without unnecessary fees. The Nearside business checking account doesn’t require a minimum deposit, balance, or monthly transaction volume. It’s also fast and easy to open, with no credit check required. In addition, there are no fees if you overdraw your account by up to $50.

Nearside also offers rewards that can cut your business’s costs. The Nearside debit card is now offering 2.2% cashback on all business purchases in the year 2022. You also get Nearside Perks, which are discounts with leading business services. Some examples of Nearside Perks are an immediate $300 in free Yelp ad credits, $200 in Indeed credits, and $3000 in free processing fees on Square.

Cutting-Edge Banking Services

The Nearside checking account enables you to send checks straight from your online dashboard or the Nearside mobile app for free, up to 5 times per month. ACH transfers are also free and unlimited and can be initiated from your smartphone. You can also link your Nearside debit card to Apple Pay or Google Pay and monitor all your transactions from the Nearside app.

Traditional Banking Services

Nearside offers unlimited ATM withdrawals for their users from a network of more than 55,000 ATMs. 

Interest Rates and Fees 

After careful consideration of user feedback, Nearside no longer charges a monthly account fee of $10, and it doesn’t require you to jump through hoops to maintain your account. There’s no minimum deposit required to open an account and there are no monthly balance or transaction volume criteria to hit. Nearside also waives NSF fees (overdraft fees) if you overspend on your account by up to $50. ACH transfers are always free and you get 5 free electronic checks per month.

Nearside also offers a 90-day free trial. So, you’re free to try out the checking account for 3 months and receive your account fees back if you’re not satisfied.

Account feeNone
Minimum balanceNone
NSF feeNone
ACH transfersFree
ATM withdrawalsFree
Electronic checks5 free per month, then $1 each

Customer Service

Nearside offers customer support by phone and email. You can call from 6 am to 5 pm (PT) Monday to Friday. If you send an email, Nearside's support team will respond within 24 hours, Monday to Friday.

Mobile App 

Nearside offers a mobile app for iOS and Android devices. The app enables you to initiate ACH and electronic check transfers and track your debit card transactions. You can also find nearby in-network ATMs and businesses where you’re eligible for cashback rewards. The Nearside app also enables you to view and claim discounts on services participating in the Nearside  Perks program.


Nearside checking accounts are FDIC-insured through LendingClub Bank. Your debit card comes with Mastercard ID Theft Protection, which gives you access to identity monitoring and fraud resolution services. You can also lock your debit card in seconds through the Nearside mobile app or online dashboard if it’s ever lost or stolen.

Nearside Nearside Visit Nearside


Nearside offers a no-fee small business checking account with no minimum deposit, balance, or transaction volume requirements. NSF fees are waived when you overdraw your account by up to $50 and you get 5 free electronic checks per month. Nearside offers unlimited free ATM withdrawals for its users. Your account includes Nearside Perks discounts with popular business services and currently, 2.2% cashback on all business purchases in 2022. You can try Nearside for free for 90 days.


This review was created using information from the Nearside website.

Michael Graw
Written byMichael Graw

Michael Graw is a Bellingham, Washington-based writer focusing on finance, tech, and science. His work has been featured in print magazines and high-impact websites. He writes for BestMoney and enjoys helping readers make sense of the options on the market.‎


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