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 20 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.

	Novo	Bluevine

	Visit Site	Visit Site
	SPECIAL OFFER Free Business Checking - Learn More Read Novo Review	SPECIAL OFFER Free Business Checking - Up to 1.5% APY - Learn More Read Bluevine Review
	Benefits and Features
Savings	No savings account, but you add up to 20 Reserves	No savings account, but you add 5 free sub accounts
Checking	No monthly fees; no balance requirements	3.7% APY for Premier customers, 2.7% APY for Plus customers, 1.5% APY for Bluevine Standard tier customers. No monthly fees, no balance requirements, and no overdraft fees for Bluevine Standard
Monthly Fee	$0	Standard tier: $0 per month Plus Tier: $30 per month (can be waived with $20k average daily balance and $2k debit card spend) Premier tier: $95 per month (can be waived with $100k average daily balance and $5k debit card spend)
APY	N/A	3.7% APY on balances up to $3M for Premier customers; 2.7% APY on balances up to $250,000 for Plus customers; 1.5% APY on balances up to $250,000 for Standard tier customers that meet monthly eligibility requirements
Minimum Deposit to Open	$50 to access all Novo's features	$0
ACH Transfer Fee	$0	$0
ATMs	Up to $7 per month reimbursement of ATM fees worldwide	approximately 40,000 MoneyPass ATMs
Balance Requirement	None	None
Cash Deposit Fee	N/A	$4.95 per deposit at Green Dot locations or $1 + 0.5% of the deposit amount at Allpoint+ ATMs
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
Incoming Wire Transfer Fee	$0	$0
Locations	Online only	Online only
Out of Network ATM Fee	Up to $7 per month ATM fee reimbursement	$2.50
Outgoing Wire Transfer Fee	N/A	$15 ($12 for Plus; $7.50 for Premier)
Overdraft Fee	$0	$0
	CreditDonkey® Reviews

Savings
Checking
Mobile App
Customer Service
Fees
Pros & Cons	Pros: No monthly fees ATM refunds up to $7 per month Lots of software integrations Cons: No cash deposits Can't send wires	Pros: High interest rate $0 monthly fee 2 free checkbooks Cons: Fees to deposit cash No physical branches
Bottom Line	Fee-free online business checking with lots of good features... Read full review	Free account with interest for basic business checking needs... Read full review
	Visit Site	Visit Site
	Free Business Checking	Free Business Checking - Up to 1.5% APY Premier Business Checking - Up to 3.7% APY Plus Business Checking - Up to 2.7% APY
Novo: Pricing information from published website as of 09/27/2024.

Free Business Checking

$0 monthly service fee
$50 deposit to unlock all features
ATM fee refunds up to $7 per month

Banking services provided by Middlesex Federal Savings F.A., Member FDIC

Learn More

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

Banking services provided by Middlesex Federal Savings F.A., Member FDIC

Learn More

Free Business Checking - Up to 1.5% APY

Get Deal

1.5% APY on your balance up to $250,000 for customers that meet monthly eligibility requirements
$0 minimum opening deposit
$0 monthly service fee

Banking services provided by Coastal Community Bank, Member FDIC

Free Business Checking - Up to 1.5% APY

Get Deal

1.5% APY on balances up to $250,000 for eligible customers
Unlimited transactions
5 free subaccounts with unique account numbers
2 free checkbooks per year
$0 monthly service fee

Banking services provided by Coastal Community Bank, Member FDIC

Premier Business Checking - Up to 3.7% APY

Get Deal

3.7% 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

Banking services provided by Coastal Community Bank, Member FDIC

Which is Better: Novo or Bluevine?

Still need help deciding which business card is better? Read the in-depth reviews below. You may also be interested in comparing Novo or Chase Business Up to $500 Bonus.

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.