Bluevine Vs. Novo
Bluevine and Novo are two of the leading checking account providers for businesses, offering a range of financial services.
Find the right fit for your business by comparing their features & benefits.
General Details
Monthly Fee
$0
$0
Yield on deposits
2.0% APY on all funds deposited in checking account.
*Up to $250K for accounts who spend 500$ via debit or receive 2500$ monthly
Banking Partner
The Bancorp Bank, Member FDIC
Middlesex Federal Savings, Member FDIC
FDIC Insurance
Up to $3,000,000
Up to $250,000
Editorial Score
Card
Rating
Fees & Charges
Minimum Balance
$0
$0
Mandatory first deposit
$0
$50
Overdraft Fees
$0
$0
Early Account closing Fee
$0
$0
ATM Withdrawal fee
Free on Moneypass ATMs, $2.5 fee on out-of-network ATMs
Free + Full refund on ATM fees
Features
ACH Transfers
Incoming ACH $0
Outgoing ACH $0
Incoming ACH $0
Outgoing ACH $0
Wire Transfers
Incoming Wire $0
Outgoing Wire $15
Incoming Wire $0
Outgoing Wire N/A
(Available with Wise integration)
Card
Bluevine Business Debit Mastercard
Novo Business Debit Mastercard
Sub Accounts
Up to 5 sub-accounts
Up to 5 sub-accounts
Cash Deposit
Available with a $4.95 fee per deposit
Invoice Management
V
Integrations
Quickbooks, Xero, Square, Venmo, and Expensify.
Stripe, Square, Paypal, Wise, Woocommerce, Amazon, Ebay, Etsy, Shopify, Xero, Quickbooks, Slack, Zapier, Google Sheets, and more
Bottom Line
Why?
In this Bluevine vs. Novo comparison, Bluevine emerges as the winner, offering FDIC insurance on deposits up to $3,000,000 and a competitive 2.0% APY on checking balances, making it ideal for safeguarding funds and promoting growth.
Novo is a solid option with its comprehensive offerings and third-party app integrations, catering to businesses seeking a versatile banking platform. While Bluevine excels in financial security and returns, Novo focuses on integrations and customization for a well-rounded banking experience.
Editorial Score
Winner!
Bluevine Vs. Novo
Bluevine and Novo are two of the leading checking account providers for businesses, offering a range of financial services.
Find the right fit for your business by comparing their features & benefits.
General Details
Monthly Fee
$0
$0
Yield on deposits
2.0% APY on all funds deposited in checking account.
*Up to $250K for accounts who spend 500$ via debit or receive 2500$ monthly
Banking Partner
The Bancorp Bank, Member FDIC
Middlesex Federal Savings, Member FDIC
FDIC Insurance
Up to $3,000,000
Up to $250,000
Editorial Score
Card
Rating
Fees & Charges
Minimum Balance
$0
$0
Mandatory first deposit
$0
$50
Overdraft Fees
$0
$0
Early Account closing Fee
$0
$0
ATM Withdrawal fee
Free on Moneypass ATMs, $2.5 fee on out-of-network ATMs
Free + Full refund on ATM fees
Features
ACH Transfers
Incoming ACH $0
Outgoing ACH $0
Incoming ACH $0
Outgoing ACH $0
Wire Transfers
Incoming Wire $0
Outgoing Wire $15
Incoming Wire $0
Outgoing Wire N/A
(Available with Wise integration)
Card
Bluevine Business Debit Mastercard
Novo Business Debit Mastercard
Sub Accounts
Up to 5 sub-accounts
Up to 5 sub-accounts
Cash Deposit
Available with a $4.95 fee per deposit
Invoice Management
V
Integrations
Quickbooks, Xero, Square, Venmo, and Expensify.
Stripe, Square, Paypal, Wise, Woocommerce, Amazon, Ebay, Etsy, Shopify, Xero, Quickbooks, Slack, Zapier, Google Sheets, and more
Bottom Line
In this Bluevine vs. Novo comparison, Bluevine emerges as the clear winner, offering significant advantages for businesses, including FDIC insurance on deposits up to $3,000,000 and a competitive 2.0% APY on checking account balances, which promotes financial growth. However, it’s worth noting that Novo remains a solid option due to its comprehensive offering and extensive third-party tools integrations, providing businesses with flexibility and robust financial management solutions.