Novo vs Huntington Bank
Novo is a fee-free online business checking with lots of good features. How does it compare to Huntington? 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 Huntington has nearly 1,200 branches throughout the Midwest. It offers a few checking and savings options. Minimum requirements are high on interest-bearing accounts, though it has a free checking option. 14 or 19-month CDs have a great rate with $1,000 minimum opening deposit.
Compare Novo with Huntington, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
Visit Site | Learn More | |
Novo | Huntington Bank | |
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Free Business Checking - | Personal Checking Account - $600 Bonus - | |
Benefits and Features | ||
Savings | No savings account, but you add up to 20 Reserves | 0.01% APY (Premier Savings). $4 monthly fee, unless you have 1) daily average balance of $300, or 2) linked to a Huntington Asterisk-Free Checking Account. Minimum deposit of $50. |
CD | 0.50% APY for amounts ranging from $1,000 to $99,999.99. Minimum deposit is $1,000. | |
Checking | No monthly fees; no balance requirements |
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Monthly Fee | ||
Money Market | 0.05% APY for amounts of $25,000 to $2,000,000. $25 monthly maintenance fee unless there is 1) average daily balance of $25,000, or 2) linked to a Huntington Perks or Huntington Platinum Perks Checking account. | |
APY | ||
Minimum Deposit to Open | $50 to access all Novo's features | |
ACH Transfer Fee | ||
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 | ||
Checking | ||
Mobile App | ||
Customer Service | ||
CD | ||
Money Market | ||
Pros & Cons | Pros:
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Bottom Line | Fee-free online business checking with lots of good features... | Midwest bank with great account benefits and free checking option... |
Visit Site | Learn More | |
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. Huntington: Pricing information from published website as of 11/15/2024 based on 43215 zip code. |
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: Novo or Huntington?
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.
In short: Novo's mobile app is outstanding. Huntington's savings and customer service are noteworthy. In particular, the customer service is impressive.