Novo Vs. Chase
Compare Novo and Chase for business checking accounts. Novo offers streamlined processes and innovative features, while Chase provides comprehensive services. Discover their unique offerings and fees to make an informed choice for your business.
Advertiser Disclosure
Top10BusinessBanks is a free online resource meant to help users find the information they need in order to make a confident decision. We spend countless hours of research to find the most relevant content and present it in the most accessible way. However, please don’t view the information presented here as a recommendation from our end.
Please note:
- All the information displayed in this site is completely subjective. Moreover, we have broad editorial discretion as to the content we publish on the site and due to various reasons, the information you see may be incomplete and/or inaccurate. Please don’t hesitate to double-check the information we provide. It’s okay, we won’t be offended – on the contrary, we would love to hear your feedback!
- We’re able to offer this completely free-of-charge online resource thanks to the referral fees we receive from our partners (some of the companies listed on this site). While this may affect the location of these companies and the content we feature on the site, it’s not possible to purchase a favorable review or a position on this site.
General Details
Monthly Fee
$0
$15 / $30 / $95
*According to plan
Banking Partner
Middlesex Federal Savings, Member FDIC
Chase Bank, Member FDIC
Editorial Score
Card
Rating
Fees & Charges
Minimum Balance
$0
$2000
Mandatory first deposit
$0
$0
Overdraft Fees
$0
$34
Early Account closing Fee
$0
$0
ATM Withdrawal fee
ATM fee refunds up to $7 per month
Domestic: $3 fee on non-Chase ATM withdrawal
International: $5 fee on ATM withdrawal
Features
Transactions
Unlimited fee-free transactions
20 /250 / 500 free transactions
*According to plan
then $0.40 per transaction
Incoming wire Transfers
$0 fee
$15 / $0 / $0 fee
*According to plan
Outgoing wire Transfers
Domestic wire transfers N/A
International wire transfers are available via Wise integration
$25+ for domestic transfers
$40+ for international transfers
Sub Accounts
Up to 5 sub-accounts
N/A
Check Deposit
Cash Deposit
Invoice Management
Bill Pay
3rd-party Integrations
Stripe, Square, Paypal, Wise, Woocommerce, Amazon, Ebay, Etsy, Shopify, Xero, Quickbooks, Slack, Zapier, Google Sheets, and more
None
Bottom Line
Why?
Novo is the winner of this comparison for its robust app stack next to a minimal fee offering. We recommend Novo’s use to Ecommerce, startups, and micro-businesses who wish to automate their operations.
Despite its drawbacks, Chase has upsides worth noting, including a wide branch network for convenient in-person banking and comprehensive financial services, making it an attractive choice for businesses seeking traditional banking solutions.
Editorial Score
Winner!
Novo Vs. Chase
Compare Novo and Chase for business checking accounts. Novo offers streamlined processes and innovative features, while Chase provides comprehensive services. Discover their unique offerings and fees to make an informed choice for your business.
Advertiser Disclosure
Top10BusinessBanks is a free online resource meant to help users find the information they need in order to make a confident decision. We spend countless hours of research to find the most relevant content and present it in the most accessible way. However, please don’t view the information presented here as a recommendation from our end.
Please note:
- All the information displayed in this site is completely subjective. Moreover, we have broad editorial discretion as to the content we publish on the site and due to various reasons, the information you see may be incomplete and/or inaccurate. Please don’t hesitate to double-check the information we provide. It’s okay, we won’t be offended – on the contrary, we would love to hear your feedback!
- We’re able to offer this completely free-of-charge online resource thanks to the referral fees we receive from our partners (some of the companies listed on this site). While this may affect the location of these companies and the content we feature on the site, it’s not possible to purchase a favorable review or a position on this site.
General Details
Monthly Fee
$0
$15 / $30 / $95
*According to plan
Banking Partner
Middlesex Federal Savings, Member FDIC
Chase Bank, Member FDIC
Editorial Score
Card
Rating
Fees & Charges
Minimum Balance
$0
$2000
Mandatory first deposit
$0
$0
Overdraft Fees
$0
$34
Early Account closing Fee
$0
$0
ATM Withdrawal fee
ATM fee refunds up to $7 per month
Domestic: $3 fee on non-Chase ATM withdrawal
International: $5 fee on ATM withdrawal
Features
Transactions
Unlimited fee-free transactions
20 /250 / 500 free transactions
*According to plan
then $0.40 per transaction
Incoming wire Transfers
$0 fee
$15 / $0 / $0 fee
*According to plan
Outgoing wire Transfers
Domestic wire transfers N/A
International wire transfers are available via Wise integration
$25+ for domestic transfers
$40+ for international transfers
Sub Accounts
Up to 5 sub-accounts
N/A
Check Deposit
Cash Deposit
Invoice Management
Bill Pay
3rd-party Integrations
Stripe, Square, Paypal, Wise, Woocommerce, Amazon, Ebay, Etsy, Shopify, Xero, Quickbooks, Slack, Zapier, Google Sheets, and more
None
Bottom Line
Novo takes the lead in this comparison with its robust app stack and minimal fees, making it the top choice for businesses looking to automate operations. Designed for Ecommerce, startups, and micro-businesses, Novo offers streamlined processes and innovative features. While Chase has its benefits, including a wide branch network and comprehensive services, Novo’s advantages make it the preferred option for businesses seeking efficiency and automation in their banking experience.