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Citibank vs Novo

Citibank is a large national bank best for high balance customers. How does it compare to Novo? Read our comparison chart below.

Citibank has over 700 branches across the United States. Service fees and ways to waive are on the high side. Best for high-balance customers who can open one of the elite accounts to earn reward points, get preferred rates, and other perks.

While Novo offers all-in-one banking for digital businesses. It includes up to 10 Reserves, free unlimited invoicing, and over a thousand business app integrations. But there's no cash deposits. There is no monthly fee.

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

 CitibankNovo
 Learn MoreVisit Site
 

Citibank

Novo

OFFER
Citi Priority - Earn up to $2,000 Cash Bonus

Read Citibank Review

SPECIAL OFFER
Free Business Checking - Learn More

Read Novo Review

 

Benefits and Features

SavingsCitiĀ® Accelerate High-Yield Savings available in AA, AE, AK, AL, AP, AR, AS, AZ, CO, DE, GA, GU, HI, IA, ID, IN, KS, KY, LA, MA, ME, MI, MN, MO, MP, MS, MT, NC, ND, NE, NH, NM, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VI, VT, WA, WI, WV, WY and select markets in Florida and Illinois.No savings account, but you add up to 10 Reserves
CD
Check
 
CheckingCiti PriorityNo monthly fees; no balance requirements
Money Market
Check
 
APY 
N/A
Customer Service24/7 Live Customer Service (Telephone)Phone, email, or in-app messaging: Monday - Friday, 9 am - 6 pm EST
Minimum Deposit to Open $50 to access all Novo's features
ACH Transfer Fee 
$0
ATMsMore than 70,000 fee-free ATMs at Citi branches and participating retail locations nationwide, including Target, CVS Pharmacy, Rite aid, Walgreens, Duane Reade and ATMs displaying Allpoint or MoneyPass logo.Unlimited reimbursement of all ATM fees worldwide
Balance Requirement 
None
Cash Deposit Fee 
N/A
Incoming Wire Transfer Fee 
$0
IRA CD
Check
 
IRA Money Market
Check
 
LocationsMore than 700 Citibank branches (concentrated in New York, Chicago, Los Angeles, San Francisco, Washington DC and Miami)
Online only
Out of Network ATM Fee 
Unlimited ATM fee rebates
Outgoing Wire Transfer Fee 
N/A
Overdraft Fee 
$27
Monthly Fee 
$0
 

CreditDonkey® Reviews

 CitibankNovo
SavingsStarStarStarEmpty StarEmpty StarEmpty StarEmpty StarEmpty StarEmpty StarEmpty Star
CDStarStarStarEmpty StarEmpty Star
CheckingStarStarStarEmpty StarEmpty StarStarStarStarStarEmpty Star
Customer ServiceStarStarStarStarEmpty StarStarStarStarStarEmpty Star
Mobile AppStarStarStarStarHalf StarStarStarStarStarStar
Pros & ConsPros:
  • Perks for high balance customers
  • Many fee-free ATMs
  • Global presence
Cons:
  • No free checking option
  • Higher balance requirements
  • Low savings APY
Pros:
  • No monthly fees
  • Unlimited ATM refunds
  • Lots of software integrations
Cons:
  • No cash deposits
  • Can't send wires
Bottom LineLarge national bank best for high balance customers... Read full reviewFee-free online business checking with lots of good features... Read full review
 Learn MoreVisit Site

    Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

    Citibank: Pricing information from published website as of 09/20/2023. This content is not provided by Citi. Any opinions expressed are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by Citi.

    Novo: Pricing information from published website as of 09/05/2023.

    Citibank: This content is not provided by Citi. Any opinions expressed are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by Citi.

    Citibank

    Citi Priority - Earn up to $2,000 Cash Bonus

    Expires 1/9/2024
    • Earn up to $2,000 when you open a new eligible Citi checking account and enroll in the offer the same day
    • New to Relationship customers can choose their Relationship Tier.
    • Within 20 days of opening, deposit the minimum amount of new-to-Citibank funds.
    • Maintain a minimum balance for 60 consecutive calendar days from the 21st day.
    • If your balance falls to a lower Balance Level at any point during the maintenance period, the bonus changes.
    • Bonus will be paid within 30 days after you successfully complete all required activities.
    • Restrictions apply.
    Citibank

    Citi Priority - Earn up to $2,000 Cash Bonus

    Expires 1/9/2024

    Earn up to $2,000 when you open a new eligible Citi checking account and enroll in the offer the same day. New To Relationship customers can choose their Relationship Tier. Within 20 days of opening, deposit the minimum amount of new-to-Citibank funds. Maintain a minimum balance for 60 consecutive calendar days from the 21st day. If your balance falls to a lower Balance Level at any point during the maintenance period, the bonus changes. Bonus will be paid within 30 days after you successfully complete all required activities. Restrictions apply.

    Balance LevelsMaximum Bonus
    $10,000 - $29,999$200
    $30,000 - $74,999$500
    $75,000 - $199,999$1,000
    $200,000 - $299,999$1,500
    $300,000 and above$2,000

    Citibank

    Citigold® - Earn up to $2,000 Bonus

    Expires 1/9/2024
    • Earn up to $2,000 when you open a new eligible Citi checking account and enroll in the offer the same day.
    • New to Relationship customers can choose their Relationship Tier.
    • Within 20 days of opening, deposit the minimum amount of new-to-Citibank funds.
    • Maintain a minimum balance for 60 consecutive calendar days from the 21st day.
    • If your balance falls to a lower Balance Level at any point during the maintenance period, the bonus changes.
    • Bonus will be paid within 30 days after you successfully complete all required activities.
    • Restrictions apply
    Novo

    Free Business Checking

    • $0 monthly service fee
    • $50 deposit to unlock all features
    • Unlimited ATM fee rebates
    Banking services provided by Middlesex Federal Savings F.A., Member FDIC
    Novo

    Free Business Checking

    • $0 monthly service fee
    • Unlimited ATM fee rebates
    • Free ACHs, incoming wires, and mailed checks
    • Up to 10 Reserves to manage multiple budgets
    • Thousands of app integrations
    Banking services provided by Middlesex Federal Savings F.A., Member FDIC

    Which is Better: Citibank or Novo?

    Still need help deciding which bank reviews & deals is better? Read the in-depth reviews below. You may also be interested in comparing Citibank or Chase.

    In short: Novo's checking is notable.


    Articles on Citibank

    Citibank Review

    Citibank, a CreditDonkey partner, offers banking services and credit cards. But service fees and balance requirements are on the high side. Is it the right bank for you?

    Citibank Open Account

    Opening a Citi bank account is easy. Take a look at what you'll need, plus find out how to earn a bonus

    Citi Priority

    Earn up to $2,000 for opening a Citi Priority with required activities. Find out how to take advantage of the huge bonus.

    Citibank High Yield Savings

    Citi now offers high-yield savings with one of the best interest rate. But it's only available in select markets. Read this review to see if it's good for you.

    Citibank Routing Number

    Looking to transfer money in or out of your Citibank checking or savings account? Find your Citibank routing number and learn about money transfers below.

    Articles on Novo

    Novo Review

    Novo provides digital banking services for entrepreneurs and small businesses. Explore Novo's features, business perks, and fees in this review.

    Is Novo Safe

    Novo is a platform offering banking services for small businesses and freelancers. But is it safe and legit? Read on to find out.

    Which Do You Think is Best?





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