Chase vs Novo

Chase is a national bank with good promotions for new customers. How does it compare to Novo? Read our comparison chart below.

Chase is one of the biggest banks in the nation with more than 4,700 branches and over 15,000 ATMs. They offer a variety of banking, loans and investing services.

While 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.

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

	Chase	Novo
	Member FDIC
	Visit Site	Visit Site
	SPECIAL OFFER Chase First Banking - Learn More Read Chase Review	SPECIAL OFFER Free Business Checking - Learn More Read Novo Review
	Benefits and Features
Savings	Chase Savings: 0.01% APY. $5 monthly service fee waived with either a $300 daily balance OR $25 automatic transfer every month from a linked Chase checking account, OR a linked Chase College Checking for Overdraft Protection, OR a linked qualifying Chase checking account, OR for owners under 18. $0 to open. Chase Premier Savings: Earn a higher interest rate when you have a bigger balance and meet certain relationship requirements when linked with a Chase Premier Plus Checking or Sapphire Checking account.	No savings account, but you add up to 20 Reserves
CD	Terms of 1 month to 10 years. $1,000 minimum opening deposit. No monthly service fee.
Checking	Chase Total Checking® Chase Premier Plus Checking: An interest-bearing account with some perks. $25 monthly service waived with an average beginning day balance of $15,000 OR a Chase mortgage with auto pay. $0 minimum balance to open. Chase Sapphire Checking: A premium checking account for those with $75,000 or more on deposit with Chase. $0 minimum balance to open. Chase College Checking: No monthly service fee for college students age 17-24 at account opening with proof of student status, for up to 5 years. $0 to open. Chase Private Client Checking℠: For high net worth individuals who have $150,000 on deposit with Chase.	No monthly fees; no balance requirements
Monthly Fee		$0
APY		N/A
Minimum Deposit to Open		$50 to access all Novo's features
Mobile App	iOS & Android
ACH Transfer Fee		$0
ATMs	15,000+ Chase ATMs	up to $7 per month reimbursement of ATM fees worldwide
Balance Requirement		None
Cash Deposit Fee		N/A
Customer Service	Automated service available 24/7	Phone, email, or in-app messaging: Monday - Friday, 9 am - 6 pm EST
Incoming Wire Transfer Fee		$0
Locations	Over 4,700	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
CD
Checking
Mobile App
Customer Service
Pros & Cons	Pros: More than 4,700 branches New customer coupons Full service banking Cons: Low savings rates Not in all states	Pros: No monthly fees ATM refunds up to $7 per month Lots of software integrations Cons: No cash deposits Can't send wires
Bottom Line	National bank with good promotions for new customers... Read full review	Fee-free online business checking with lots of good features... Read full review
	Visit Site	Visit Site
	Chase First Banking Referral Program - Up to $500 Bonus	Free Business Checking
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Chase: Pricing information and data points from published website as of 08/26/2025. Novo: Pricing information from published website as of 05/09/2025.

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

Learn More

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: Chase or Novo?

Still need help deciding which business is better? Read the in-depth reviews below. You may also be interested in comparing Chase or Bank of America.

Articles on Chase

Chase Bank Review

Chase has new customer bonuses and a strong nationwide presence. But there are drawbacks. Read this review to see if Chase is a good bank for you.

Chase Bank Open Account

Opening an account with Chase Bank is simple. Take a look at what you'll need and check out your account options in our guide.

Chase Business Checking Coupon

Chase Business Complete Banking offers up to a $500 bonus for new customers with qualifying activities. Find out how to get this limited business checking promotion.