Novo vs UFB Direct

Novo is a fee-free online business checking with lots of good features. How does it compare to UFB Direct? 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 UFB Direct specializes in online savings accounts with competitive APYs. The UFB Savings has no monthly fees and comes with a complimentary ATM card, while the UFB Money Market has balance requirements but offers check-writing privileges.

Compare Novo with UFB Direct, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

	Novo	UFB Direct
		Member FDIC
	Visit Site	Learn More
	SPECIAL OFFER Free Business Checking - Learn More Read Novo Review	SPECIAL OFFER UFB Portfolio Savings - Earn up to 4.01% APY - Learn More Read UFB Direct Review
	Benefits and Features
Savings	No savings account, but you add up to 20 Reserves	Up to 4.01% APY
CD		N/A
Checking	No monthly fees; no balance requirements	N/A
Monthly Fee	$0
Money Market		Up to 4.01% 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	Free withdrawals at 91,000 ATMs across the nation
Balance Requirement	None
Cash Deposit Fee	N/A
Customer Service	Phone, email, or in-app messaging: Monday - Friday, 9 am - 6 pm EST	Mon - Fri: 8 am - 5 pm PT
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
Money Market
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: Competitive APYs Easy online banking Cons: Limited transactions No physical locations
Bottom Line	Fee-free online business checking with lots of good features... Read full review	Safe digital bank for high APYs on personal savings and MMAs... 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	UFB Portfolio Savings - Earn up to 4.01% APY UFB Portfolio Money Market - Earn up to 4.01% 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. UFB Direct: Pricing information from published website as of 11/22/2024.

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

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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 UFB Direct?

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: UFB Direct's savings is outstanding.