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Found vs Novo

Found is a free business banking app with good tax tools, but lacks some basic features. How does it compare to Novo? Read our comparison chart below.

Found is a business banking account for the self-employed. It keeps track of write-offs, auto saves for taxes, and even makes your quarterly tax payments for you. Plus, you get free unlimited invoices. There's no monthly fee.

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

 FoundNovo
 Visit SiteVisit Site
 

Found

Novo

SPECIAL OFFER
Free Business Banking for the Self-Employed - Learn More

Read Found Review

SPECIAL OFFER
Free Business Checking - Learn More

Read Novo Review

 

Benefits and Features

SavingsOnly includes a Tax Savings Account with auto-save featureNo savings account, but you add up to 10 Reserves
CheckingNo monthly fees; no minimum balane fees; no overdraft feesNo monthly fees; no balance requirements
APY
N/A
N/A
Customer Service
Monday – Friday 9am – 5pm PST
Phone, email, or in-app messaging: Monday - Friday, 9 am - 6 pm EST
Minimum Deposit to Open
$0
$50 to access all Novo's features
ACH Transfer Fee
$0
$0
ATMsAny ATM that accepts Mastercard; No ATM fees from Found, but owner may charge a feeUnlimited reimbursement of all ATM fees worldwide
Balance Requirement
$0
None
Cash Deposit Fee
N/A
N/A
Incoming Wire Transfer Fee
N/A
$0
Locations
Online only
Online only
Out of Network ATM FeeStandard ATM fees charged by the owner
Unlimited ATM fee rebates
Outgoing Wire Transfer Fee
N/A
N/A
Overdraft Fee
$0
$27
Monthly Fee
$0
$0
 

CreditDonkey® Reviews

 FoundNovo
SavingsStarStarStarEmpty StarEmpty StarEmpty StarEmpty StarEmpty StarEmpty StarEmpty Star
Minimum DepositStarStarStarStarStar
CheckingStarStarStarStarStarStarStarStarStarEmpty Star
Customer ServiceStarStarStarHalf StarEmpty StarStarStarStarStarEmpty Star
Mobile AppStarStarStarStarStarStarStarStarStarStar
Pros & ConsPros:
  • No monthly fees
  • Built-in tax tools
  • Unlimited invoicing
Cons:
  • No cash or check deposits
  • No free ATMs
Pros:
  • No monthly fees
  • Unlimited ATM refunds
  • Lots of software integrations
Cons:
  • No cash deposits
  • Can't send wires
Bottom LineFree business banking app with good tax tools, but lacks some basic features... Read full reviewFee-free online business checking with lots of good features... Read full review
 Visit SiteVisit Site
Found

Free Business Banking for the Self-Employed

  • $0 monthly service fees or minimums
  • Automatically find tax write-offs and track expenses
  • Auto-save for taxes
  • Free unlimited custom invoices
  • Easy sign up; no credit check
Found is a financial technology company, not a bank. Banking services are provided by Piermont Bank, Member FDIC. The Found Mastercard® Debit Card is issued by Piermont Bank, Member FDIC
Found

Found Plus Business Banking

  • $14.99/month, or $95.88/year
  • Automatically find tax write-offs and track expenses
  • Pay taxes directly from the app
  • Photo receipt capture
  • Free unlimited custom invoices
  • Custom bookkeeping categories
Found is a financial technology company, not a bank. Banking services are provided by Piermont Bank, Member FDIC. The Found Mastercard® Debit Card is issued by Piermont Bank, Member FDIC
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
Novo

Novo Boost (available for payments processed via Stripe)

  • Get paid faster and speed up cash flow
  • Access funds in hours instead of days
  • Connect with 50+ tools to help grow your business

Which is Better: Found 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 Found or Chase.

In short: Found's checking is impressive.


Articles on Found

Found Business Banking Review

Found Business Banking offers helpful tax and invoicing tools for self-employed people. But it lacks other basic features. Here's what you need to know.

Articles on Novo

Novo Review

Novo Bank 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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Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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