Nearside business checking basics

How much does it cost?

Are there monthly minimum requirements?

Is the business checking account insured?

Does Nearside Business Checking offer checks?

Is Nearside a bank?

Does Nearside have an app?

What are the limits for Instant Debit Card Deposit?

How do I know if my card is eligible to instantly deposit funds into my Nearside account?

Why did I get an error when I tried to deposit funds from an eligible debit card?

Are there any fees for Instant Debit Card Deposit?

How do I check on the status of my Instant Debit Card Deposit?

How much does it cost?

The Nearside Business Checking account has no monthly fees, no insufficient funds (NSF) fees, and no minimum balance or card replacement fees!

Are there monthly minimum requirements?

There are no monthly minimum balance requirements or minimum balance fees to have a Nearside Business Checking account. 

Is the Nearside Business Checking account insured?

Yes, due to our relationship with Piermont Bank, National Association, Member FDIC, your Nearside Business Checking account is FDIC insured on deposits up to $250,000.

Does Nearside Business Checking offer checks?

Yes! You can send checks through your dashboard. Select "Checks" under the "Send Payment" tab and enter your recipient's information. 

Is Nearside a bank?

Nearside is not a bank. Banking services are provided by Piermont Bank, National Association, Member FDIC. The Nearside Visa Debit Card is issued by Piermont Bank, National Association, Member FDIC.

Does Nearside have an app?

We have an android app out now in the Google Play store and an iOS app in the Apple App Store!

What are the limits for Instant Debit Card Deposit?

  • $400 max per deposit
  • $1,000 every 7 days on a rolling basis

How do I know if my card is eligible to instantly deposit funds into my Nearside account?

The best way to find out is to add the card to your Nearside account.

Why did I get an error when I tried to deposit funds from an eligible debit card?

Make sure you’ve entered your debit card information correctly! This means double checking the card number, expiration date and CVC.

Make sure your address and zip code are correct, and that you are using your personal address.

Are there any fees for Instant Debit Card Deposit?

We charge a 1% fee on Instant Deposits.

How do I check on the status of my Instant Debit Card Deposit?

Once you start an instant transfer, you’ll see a green check mark as confirmation that the transfer has begun. When the transfer completes, you’ll get an in-app notification.

If the transfer still shows as pending in your app, you’ll want to wait 30 minutes before checking your bank account statement for the deposit.