Novo vs Bluevine
Novo is a fee-free online business checking with lots of good features . How does it compare to Bluevine? Read our comparison chart below.
Novo offers all-in-one banking for digital businesses. It includes up to 10 Reserves, free unlimited invoicing, and over a thousand business app integrations. But there's no cash deposits. There is no monthly fee.
While Bluevine offers one of the highest APYs on the market for its Business Checking account. You also get 5 free subaccounts, unlimited transactions, 2 free checkbooks a year, and additional users at no extra cost. There's no monthly fee.
Compare Novo with Bluevine, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
 |  | |
| Visit Site | Visit Site | |
Novo | Bluevine | |
|---|---|---|
Free Business Checking - | Premier Business Checking - Up to 4.25% APY - | |
Benefits and Features | ||
| Savings | No savings account, but you add up to 10 Reserves | No savings account, but you add 5 free sub accounts |
| Checking | No monthly fees; no balance requirements | 4.25% APY for Premier customers, 2.0% APY for Bluevine Standard tier customers. No monthly fees, no balance requirements, and no overdraft fees for Bluevine Standard |
| APY | 4.25% APY on balances up to $3M for Premier customers; 2.0% APY on balances up to $250,000 for Standard tier customers that meet monthly eligibility requirements | |
| Customer Service | Phone, email, or in-app messaging: Monday - Friday, 9 am - 6 pm EST | Phone and email: Monday - Friday. 8 am to 8 pm EST |
| Minimum Deposit to Open | $50 to access all Novo's features | |
| ACH Transfer Fee | ||
| ATMs | Unlimited reimbursement of all ATM fees worldwide | |
| Balance Requirement | ||
| Cash Deposit Fee | ||
| Incoming Wire Transfer Fee | ||
| Locations | ||
| Out of Network ATM Fee | ||
| Outgoing Wire Transfer Fee | ||
| Overdraft Fee | ||
| Monthly Fee | Standard tier: $0 per month Premier tier: $95 per month (can be waived with $100k average daily balance and $5k debit card spend) | |
CreditDonkey® Reviews | ||
| | |
| Savings |  | |
| Checking |  |  |
| Customer Service | | |
| Mobile App | | |
| Fees | | |
| Pros & Cons | Pros:
| Pros:
|
| Bottom Line | Fee-free online business checking with lots of good features... | Free account with interest for basic business checking needs... |
| Visit Site | Visit Site | |
Novo: Pricing information from published website as of 10/10/2023. | ||
Free Business Checking
- $0 monthly service fee
- $50 deposit to unlock all features
- Unlimited ATM fee rebates
Free Business Checking
- $0 monthly service fee
- Unlimited ATM fee rebates
- Free ACHs, incoming wires, and mailed checks
- Up to 10 Reserves to manage multiple budgets
- Thousands of app integrations
Premier Business Checking - Up to 4.25% APY
- 4.25% APY on balances up to $3,000,000
- $0 minimum opening deposit
- 50% off most Standard payment fees
- Priority customer support
- Waive the $95 monthly service fee with $100k average daily balance and $5k debit card spend
Free Business Checking - Up to 2.0% APY
- 2.0% APY on your balance up to $250,000 for customers that meet monthly eligibility requirements
- $0 minimum opening deposit
- $0 monthly service fee
Open a Free Business Checking Account
- 2.0% APY on your balance up to $250,000 for customers that meet monthly eligibility requirements
- $0 minimum opening deposit
- $0 monthly service fee
Which is Better: Novo or Bluevine?
Still need help deciding which bank reviews & deals is better? Read the in-depth reviews below. You may also be interested in comparing Novo or Chase.
Articles on Novo
Novo Review
Novo provides digital banking services for entrepreneurs and small businesses. Explore Novo's features, business perks, and fees in this review.
Is Novo Safe and Legit
Novo is a platform offering banking services for small businesses and freelancers. But is it safe and legit? Read on to find out.
Articles on Bluevine
Bluevine Business Checking Review
Bluevine offers free business checking with a high interest rate. But what's the catch? Is it right for your business? Read on for the full review.
Is Bluevine Safe and Legit
Bluevine provides banking products for small business owners in the digital age. But is it safe and legit? Read on to find out.
Bluevine Alternatives
Bluevine offers a high APY and no monthly fees. But it has limitations. Find out if one of these business checking alternatives is better for you instead.
Which Do You Think is Best?
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