Lili vs Novo
Lili is a mixed-use account for small business owners to help manage expenses and taxes. How does it compare to Novo? Read our comparison chart below.
Lili is designed for sole proprietors and single-member LLCs. It helps you prepare for taxes with a write-off tracker, automated tax savings, and pre-filled tax forms. The Lili basic account has no monthly fees or minimums.
While Novo offers all-in-one banking for digital businesses. It includes up to 20 Reserves, free unlimited invoicing, and over a thousand business app integrations. But there's no cash deposits. There is no monthly fee.
Compare Lili with Novo, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
 |  | |
| Visit Site | Visit Site | |
Lili | Novo | |
|---|---|---|
Free Checking Account for Small Business Owners - | Free Business Checking - | |
Benefits and Features | ||
| Savings | Emergency Bucket for all users; Lili Pro users also get an Emergency Bucket with 3.65% APY | No savings account, but you add up to 20 Reserves |
| Checking | No monthly fees; no balance requirements; no overdraft fees; no foreign transaction fees | No monthly fees; no balance requirements |
| Monthly Fee | ||
| APY | ||
| Minimum Deposit to Open | $50 to access all Novo's features | |
| ACH Transfer Fee | ||
| ATMs | approximately 40,000 MoneyPass ATMs | Up to $7 per month reimbursement of ATM fees worldwide |
| Balance Requirement | ||
| Cash Deposit Fee | ||
| Customer Service | Phone, email, or in-app messaging: Monday - Friday, 9 am - 6 pm EST | |
| Incoming Wire Transfer Fee | ||
| Locations | ||
| Out of Network ATM Fee | Up to $7 per month ATM fee reimbursement | |
| Outgoing Wire Transfer Fee | ||
| Overdraft Fee | ||
CreditDonkey® Reviews | ||
| | |
| Savings |   | |
| Minimum Deposit | | |
| Checking | | |
| Fees | | |
| Mobile App |  | |
| Customer Service | | |
| Pros & Cons | Pros:
| Pros:
|
| Bottom Line | Mixed-use account for small business owners to help manage expenses and taxes... | Fee-free online business checking with lots of good features... |
| Visit Site | Visit Site | |
Novo: Pricing information from published website as of 09/27/2024. | ||
Free Checking Account for Small Business Owners
- Sign up in 3 minutes; no credit check
- No account fees - $0 monthly fee, overdraft fee, foreign transaction fee, or ATM fees at approximately 40,000 locations
- Automatic Savings
- Get paid up to 2 days early
Free Checking Account for Small Business Owners
- $0 monthly service fees
- $0 minimum opening deposit
- No minimum balance requirement
- No foreign exchange fee
- Get direct deposits up to 2 days earlier
Free Checking Account for Small Business Owners
- $0 monthly service fees
- Automatic Savings
- Free withdrawals at approximately 40,000 ATMs
- Get direct deposits up to 2 days earlier
- No foreign transaction fees
Free Business Checking
- $0 monthly service fee
- $50 deposit to unlock all features
- ATM fee refunds up to $7 per month
Spend $1500 with your Novo card within 90 days, and get $75
- $0 monthly service fee
- $50 deposit to unlock all features
- ATM fee refunds up to $7 per month
Free Business Checking
- $0 monthly service fee
- ATM fee refunds up to $7 per month
- Free ACHs, incoming wires, and mailed checks
- Up to 20 Reserves to manage multiple budgets
- Thousands of app integrations
Which is Better: Lili or Novo?
Still need help deciding which business card is better? Read the in-depth reviews below. You may also be interested in comparing Lili or Bluevine.
In short: Lili's checking is outstanding.
Articles on Lili
Lili Review
Lili offers a free business checking account with tax planning and expense tracking tools. Review the features to find out if Lili is worth it.
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 Legit
Novo is a platform offering banking services for small businesses and freelancers. But is it safe and legit? Read on to find out.
Which Do You Think is Best?
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