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Nearside Review

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

Reviews 56
Nearside
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Nearside
Nearside
Great
Reviews 56
Michael Graw
Nov. 15, 2022
1 min read
Michael Graw
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.

Pros

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

Cons

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

Nearside at a glance

8.4
Editorial score

Fees?

Yes, low fees
6.0

Security

FDIC insured, SSL/AES encryption and supports 2 factor and biometric authentication
10.0

Customer service

Customer service during extended business hours
6.0

Online experience

Excellent user friendly site with transparency of rates and full online banking capabilities
10.0

Mobile experience

Excellent mobile app with all mobile banking features enabled, including digital check deposits
10.0

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.

Security

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

Summary

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.

Methodology

This review was created using information from the Nearside website.

Michael Graw
Written by
Michael 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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Trustpilot reviews
See what some customers are saying about Nearside
Nearside
Great
Reviews 56
on
Excellent
86%
Great
2%
Bad
12%
R
rose
a month ago
Ware nicht geliefert / keine…
Ware nicht geliefert / keine Kontaktaufnahme Keine Rückmeldung auf Anfragen Warte auf Rückzahlung oder eine Antwort bzw. Erklärung für das Verhalten. Geht gar nicht!
S
stanley
7 months ago
Fraud bank. Stolen money. Horrible leadership.
This week after 3 months of waiting, I finally received a check for funds leftover in my biz account. Unfortunately I wasn’t able to cash the check. Whomever cut the check on Nearside’s end did NOT move it to the “pay funds file”. Now I’m stuck with a check that I can’t do anything with. This place is hell. Hopefully Investors consider twice before giving ill equipped CEO, Thomson Nguyen 58M.
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laura ann
8 months ago
Cannot contact customer service about…
Cannot contact customer service about my account!!!
L
lawrence magee
9 months ago
Said they were going to close my…
Said they were going to close my account and I had to withdraw funds by 12/23 I withdrew the funds and instead of depositing the money they withdrew it from my bank so now I am short $64 x 2 = $128 No contact number Does anyone have any advice
w
w.k.
9 months ago
Good service
Very quick and thorough process. Competitive on price. Communication via email and scheduled meeting was great.
Y
yolandria shawntese copeland
10 months ago
I SERIOUSLY NEED TO GET IN TOUCH WITH A…
I SERIOUSLY NEED TO GET IN TOUCH WITH A REAL PERSON OVER THE PHONE OR EMAIL. I CAN'T ACCESS MY ACCOUNT AT ALL!
M
ms. tyler
a year ago
BEWARE OF NEARSIDE SPROUT
This company & supposed services are a big rip-off! They filed my LLC paperwork & totally took over the ownership of My business name. Beware with trying to get any real help from this company. They are a big SCAM!
L
laya naturelle
a year ago
Terrible
Terrible. Tried them out due to features, but when trying to access my money, card got locked. Couldn’t unlock in app due to errors showing up. Customer service only available 9-5 PST and when you call during those hours, you never get a person. Kept on hold then asked to try calling back in a couple mins as automated machine hangs up on you. Email garners no response either. My money is still stuck in the account and cannot be accessed.
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gautam parija
a year ago
No doubt, they are the best in the planet!
If there were ten stars to give out of five, I would provide them with zero hesitation. Super awesome support. They are always there to help - kind and understanding. And ssshhhhh.., whispers... ( I am not talking loudly here), they will give you the best price on the internet. :) Thank you very much, Nearside ( and Tim), for everything!
D
dwayne campbell
a year ago
It was a great experience working with…
It was a great experience working with nearside. Very smooth very seamless, so smooth I question whether or not I was actually going to have my Company formed and receive my EIN number. But everything worked just as how they said. Would definitely work with Nearside again.
c
customer
a year ago
It was actually faster than what I…
It was actually faster than what I thought it would be and you fouled all the paperwork really fast and I appreciate you thank you
B
bridget underwood
a year ago
First time customer applying for an…
First time customer applying for an LLC, my experience with Nearside was magnificent!!!! I was advised/informed status of my request every step of the way. I will be using Nearside again & highly recommend using Nearside for business . Thank you Nearside so much for the easy process ❤️
T
twelve investments llc.
a year ago
So easy & FAST — affordable!
So easy! The customer service is impeccable! Definitely will be recommending to others. Thank you so much for making my new business start up completely stress free. Everything took about a week!
c
customer
a year ago
It was so painless.
It was so painless.
S
santana smith
a year ago
You guys helped me alot..
You guys helped me alot... thankyou I'm sure to be excelling this upcoming year.. thankyou agaim
T
tyrone armando esteban rowell
a year ago
I mean
I mean, it was good, still haven't received any hard copies of anything. What do I do now?
M
marie roger i larose
a year ago
I'm very satisfied with the service it…
I'm very satisfied with the service it was fast
B
brenda dixon
a year ago
Happy Customer
I am super excited about my new LLC. Nearside provided excellent customer support and answered every question without hesitation.
E
ellc
a year ago
I got alittle worried because I didn’t…
I got alittle worried because I didn’t get an email and it took awhile but it all worked out. Got everything emailed and mailed to me. Great customer service
A
allen
a year ago
Questions…
I still have licensing quesrions that iam told i have to find out myself.
A
amos busby
a year ago
Great fast service
Great fast service
K
kevin piscottano
a year ago
You handled my needs in a professional…
You handled my needs in a professional and timely manner. I appreciate everything and look forward to continue our relationship once again thank you
A
amber morgan
a year ago
Llc agreement
Great and communication
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alma bratten
a year ago
I am overall thankful for the service…
I am overall thankful for the service you have provided me with . I appreciate it very much.
Y
yolandria shawntese copeland
a year ago
Once I contacted Sprout Nearside it was…
Once I contacted Sprout Nearside it was an easy application process as well as quick! I still can't believe how easy it was to form an LLC. I appreciate the time placed to help me.
C
chanette maurice
a year ago
I recommend nearside you can trust them…
I recommend nearside you can trust them with your privacy
E
evan l
a year ago
Quick and Easy
I am thrilled to have utilized Nearside LCC services. My paperwork was filed quickly and efficiently. Will recommend.
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lesharn jenkins
a year ago
Highly Recommend
I am very satisfied with your services. I will recommend you to several people.
E
ernest e williams jr
a year ago
Fast easy and cheap
Fast easy and cheap
R
rose waldon
a year ago
Nearside was prompt and answered all my…
Nearside was prompt and answered all my questions. I received correspondences to keep up to date with everything. I wasn't left wondering about anything. Thanks so much!!
G
gina taulo
a year ago
A very smooth process
A very smooth process. Definitely will recommend to anyone starting a business. Thank you!!
T
timothy
a year ago
To whom it may concern:
To whom it may concern: This is my first time having a business. I appreciate you guys helping me out. Thanks
M
major sharon wimbush
a year ago
I write all of My Necessity information…
I write all of My Necessity information in my file tablet book. All my Service on the Calendar.
D
derrick lee
a year ago
Worth the wait
I received my EIN number like a couple weeks before I received my initial LLC it was wonderful at calling the representative informed me on what I could expect and everything so keep up the good work this side I've already applied for a business account five thumbs up
N
nankumar seelall
a year ago
Great service guys
Great service guys. You all made this so easy. Highly recommended. Thank you all
G
giannino nocera
a year ago
My agent Harper was very professional…
My agent Harper was very professional in taking care of me Answer all my questions to the T, on time and very professional 😎
D
duane hensley
a year ago
Great job
Great job! Good communication
T
the trucking man
a year ago
Simple and easy
Nearside is the best. I have 0 complaints. 2.2% cashback on ALL purchases and no fees.....what is there to complain about Setting up my LLC via Sprout was surprisingly simple and easy. Received my documents much quicker than what I thought. I would highly suggest Nearside for anyone starting a new business.
T
tammy connor williams
a year ago
Great Job guys
Great Job guys
A
anthony kelley
a year ago
Easy to deal with and make things…
Easy to deal with and make things simple...thank you
C
clayton nelson
a year ago
very quick and easy and affordable.
very quick and easy and affordable.
C
christopher crespo
a year ago
👌🏻
The best service,no lies,no pipe dreams,straight action is what y’all are about
K
kimmy
a year ago
Very legit and fast!
Very legit and fast!! Thank you so much for helping me form my LLC.. nearside is awesome!!
M
marielle jamar calloway
a year ago
Great company fast and reliable
Great company fast and reliable
H
hyginus john avril
a year ago
Every good company speedy work
Every good company speedy work
C
c charles
a year ago
Angel was very helpful. Great Service
Angel was very helpful. Answered all my questions and follow up.
I
iesha maria burton
a year ago
Wonderful trust worthy company great…
Wonderful trust worthy company great for startup businesses.
M
melik hawkins
a year ago
I appreciate you all for helping me get…
I appreciate you all for helping me get my business up and running
C
christopher kinnamna
a year ago
The price is right
The price is right. Harper was very helpful. The process was easy and everybody has been very understanding of my needs. I would definitely recommend this company
B
ben powers
a year ago
Angel & Nearside we’re great in helping…
Angel & Nearside we’re great in helping me with the creation of my LLC. I researched many online options and for the money Nearside came in at the best bang for the buck. 10 out of 10
J
jay r
a year ago
Easy and flawless application process
Easy and flawless application process. I absolute love Nearside. I highly recommend for small business owners. Excellent customer service. Tips & Tricks to running a business are a huge plus.
J
jeffrey
a year ago
Angel went over and above to make me…
Angel went over and above to make me feel comfortable, answering every question. Professional and knowledgeable
D
derek james mitchell
a year ago
Once I got in contact with someone they…
Once I got in contact with someone they got all the paperwork done and turned in so fast! It was such an easy process for me, and they were so nice and helpful!
A
angie
a year ago
help me start a company and bank account
My husband and I signed up for the checking account as we are taking our side-gig into a full business. They helped me setup the LLC and the file the paperwork with the government. The business account didn't have any fees and came with a card with really good cash back. creating the LLC did cost money, but was much cheaper and easier than the quotes I got from other places.
M
michelle
a year ago
Nearside is great everything was fast…
Nearside is great everything was fast and precise my LLC is up and running.
O
osiris
a year ago
Great Awesome will always work with you…
Great Awesome will always work with you first