Novo vs Truist Bank
Novo is a fee-free online business checking with lots of good features. How does it compare to Truist Bank? Read our comparison chart below.
 |  | |
| Visit Site | Visit Site | |
Novo | Truist Bank | |
|---|---|---|
Free Business Checking - | Business Checking Account - $400 Bonus | |
Benefits and Features | ||
| Savings | No savings account, but you add up to 20 Reserves | |
| Checking | No monthly fees; no balance requirements | |
| Monthly Fee | ||
| 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 | 24/7 automated assistance Phone: 844-487-8478 Monday - Friday: 8AM - 8PM ET Saturday: 8AM - 5PM ET |
| 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 | | |
| Pros & Cons | Pros:
| |
| Bottom Line | Fee-free online business checking with lots of good features... | |
| Visit Site | Visit Site | |
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. Truist Bank: Information sourced from the published website as of 03/12/2025. | ||
Free Business Checking
- $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
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.
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 Truist Bank
Truist Savings Account Interest Rate
Truist Bank provides two savings accounts with low-interest rates. But, is there more to it? Keep reading to find out.
Truist Bank Problems
Truist may be one of the largest banks in the U.S. But it doesn't mean you won't experience problems with them. Read on for your possible solutions.
Which Do You Think is Best?
Which Bank Account is Right for You?
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