Novo vs Marcus by Goldman Sachs

Novo is a fee-free online business checking with lots of good features. How does it compare to Marcus? 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 Marcus offers savings accounts, term CDs, and a no-penalty CD. It has no checking or ATM network. Savings account has no minimum deposit required to open while CDs have $500 minimum opening deposit. There are no service fees.

Compare Novo with Marcus, side-by-side. Read on for an in-depth look, including ratings and reviews.

	Novo	Marcus by Goldman Sachs

	Visit Site	Learn More
	SPECIAL OFFER Free Business Checking - Learn More Read Novo Review	SPECIAL OFFER Marcus Online Savings - Earn 3.90% APY - Learn More Read Marcus Review
	Benefits and Features
Savings	No savings account, but you add up to 20 Reserves	3.90% APY. $0 to open. No fees to open or maintain account. No minimum daily balance requirement.
CD		3.65% to 4.25% APY. Terms of 6 months to 6 years. 12-month CD APY of 4.25%. $500 minimum to open. No monthly service fee.
Checking	No monthly fees; no balance requirements	N/A
Monthly Fee	$0
Money Market		N/A
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	None
Balance Requirement	None
Cash Deposit Fee	N/A
Customer Service	Phone, email, or in-app messaging: Monday - Friday, 9 am - 6 pm EST	Mon - Sat: 8 am - 10 pm ET Sat - Sun: 9 am - 7 pm ET
Incoming Wire Transfer Fee	$0
Locations	Online only	Online only
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	Read full review
	Visit Site	Learn More
	Free Business Checking Spend $1500 with your Novo card within 90 days, and get $75 Free Business Checking	Marcus Online Savings - Earn 3.90% APY 12-Month High-Yield CD - 4.25% APY 9-Month High-Yield CD - 4.15% 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. Marcus: Information including rates, fees, terms, and benefits was obtained on December 12, 2024 from published websites and is believed to be accurate, but not guaranteed.

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

Spend $1500 with your Novo card within 90 days, and get $75

Get Deal

Expires 12/31/2024

$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

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

Which is Better: Novo or Marcus?

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.