Novo Vs. Wells Fargo

Compare Novo and Wells Fargo for business banking solutions. Novo offers streamlined processes and innovative features, while Wells Fargo provides trusted services and an extensive branch network. Discover their unique offerings and considerations to make an informed choice for your business’s banking needs.

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

$10 / $25 / $75
*According to plan

Banking Partner

Middlesex Federal Savings, Member FDIC

Wells Fargo Bank, Member FDIC

Editorial Score

Score 9.5
Score 8.1

Card

Rating

3018 reviews
984 reviews

Fees & Charges

Mandatory first deposit

$0

$25

Overdraft Fees

$0

$35

Early Account closing Fee

$0

$0

ATM Withdrawal fee

ATM fee refunds up to $7 per month

Free at Wells Fargo ATMs
$2.5-$5 fee at non-Wells Fargo ATMs

Features

Transactions

Unlimited fee-free transactions

100 /250 free transactions
*According to plan
then $0.50 per transaction

Sub Accounts

Up to 5 sub-accounts

N/A

Check Deposit

V
V

Cash Deposit

X
V

Invoice Management

V
X

3rd-party Integrations

Stripe, Square, Paypal, Wise, Woocommerce, Amazon, Ebay, Etsy, Shopify, Xero, Quickbooks, Slack, Zapier, Google Sheets, and more

Quicken, QuickBooks, Xero, ADP®, and more.

Bottom Line

Why?

Novo stands out as the winner with its robust app stack and minimal fees, ideal for Ecommerce businesses, startups, and micro-businesses seeking automated operations. Its comprehensive solution streamlines financial processes, providing seamless integration, simplified bookkeeping, and cost-effective fee structures.

While Wells Fargo may not have emerged as the winner in this comparison, it still offers notable strengths. Its established reputation and extensive branch network make it a suitable choice for businesses that value in-person support and a traditional banking experience.

Editorial Score

Score 9.5

Winner!

Score 8.1

Novo Vs. Wells Fargo

Compare Novo and Wells Fargo for business banking solutions. Novo offers streamlined processes and innovative features, while Wells Fargo provides trusted services and an extensive branch network. Discover their unique offerings and considerations to make an informed choice for your business’s banking needs.

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

$10 / $25 / $75
*According to plan

Banking Partner

Middlesex Federal Savings, Member FDIC

Wells Fargo Bank, Member FDIC

Editorial Score

Score 9.5
Score 8.1

Card

Rating

3018 reviews
984 reviews

Fees & Charges

Mandatory first deposit

$0

$25

Overdraft Fees

$0

$35

Early Account closing Fee

$0

$0

ATM Withdrawal fee

ATM fee refunds up to $7 per month

Free at Wells Fargo ATMs
$2.5-$5 fee at non-Wells Fargo ATMs

Features

Transactions

Unlimited fee-free transactions

100 /250 free transactions
*According to plan
then $0.50 per transaction

Sub Accounts

Up to 5 sub-accounts

N/A

Check Deposit

V
V

Cash Deposit

X
V

Invoice Management

V
X

3rd-party Integrations

Stripe, Square, Paypal, Wise, Woocommerce, Amazon, Ebay, Etsy, Shopify, Xero, Quickbooks, Slack, Zapier, Google Sheets, and more

Quicken, QuickBooks, Xero, ADP®, and more.

Bottom Line

Novo is a standout banking solution, offering versatility and suitability for businesses of all types. With its digital accessibility and tailored features, Novo provides convenience and modern tools for effective financial management. It is a cost-effective solution that benefits a diverse range of businesses, from entrepreneurs to small business owners. However, for businesses seeking in-person support and a traditional banking experience, Wells Fargo’s trusted reputation and extensive branch network make it a solid choice.

Novo Logo BB
Score 9.5

Winner!

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Wells Fargo Logo
Score 8.1
Visit Site