Novo vs EverBank

Novo is a fee-free online business checking with lots of good features. How does it compare to EverBank? Read our comparison chart below.

		EverBankBluevineChase Business Up to $500 BonusLiliCIT Bank
	Visit Site	Learn More
	Novo	EverBank
	SPECIAL OFFER Free Business Checking - Learn More Read Novo Review	SPECIAL OFFER EverBank Performance℠ Savings - 4.30% APY - Learn More
	Benefits and Features
Savings	No savings account, but you add up to 20 Reserves	4.30% APY
CD		Up to 4.00% APY
Checking	No monthly fees; no balance requirements	0.25% APY
Monthly Fee	$0
Money Market		Up to 4.00% APY
APY	N/A
Minimum Deposit to Open	$50 to access all Novo's features
Mobile App		iOS & Android
ACH Transfer Fee	$0
ATMs	Up to $7 per month reimbursement of ATM fees worldwide	Nearly 100,000 fee-free ATMs
Balance Requirement	None
Cash Deposit Fee	N/A
Customer Service	Phone, email, or in-app messaging: Monday - Friday, 9 am - 6 pm EST	Monday to Friday 8 am - 8 pm (ET); Saturday 9 am - 7 pm (ET)
Incoming Wire Transfer Fee	$0
IRA CD		N/A
IRA Money Market		N/A
Locations	Online only	9 financial centers
Out of Network ATM Fee	Up to $7 per month ATM fee reimbursement
Outgoing Wire Transfer Fee	N/A
Overdraft Fee	$0
	CreditDonkey® Reviews
Savings
Checking
Mobile App
Customer Service
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
Bottom Line	Fee-free online business checking with lots of good features... Read full review
	Visit Site	Learn More
	Free Business Checking	EverBank Performance℠ Savings - 4.30% APY 1-Year CD - 4.00% APY 9-Month CD - 4.00% APY
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Novo: Pricing information from published website as of 09/27/2024. EverBank: Information sourced from the published website as of 02/06/2025.

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

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 Bluevine.

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.

• Novo vs Bluevine
• Novo vs Chase Business Up to $500 Bonus
• Novo vs Lili

Is Novo Safe

Novo is a platform offering banking services for small businesses and freelancers. But is it safe and legit? Read on to find out.

• Novo vs Axos Bank

Which Do You Think is Best?

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