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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. Find out more

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. Find out more

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 20 Reserves
CheckingNo monthly fees; no minimum balane fees; no overdraft feesNo monthly fees; no balance requirements
Monthly Fee
$0
$0
APY
N/A
N/A
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 feeUp to $7 per month reimbursement of ATM fees worldwide
Balance Requirement
$0
None
Cash Deposit Fee
N/A
N/A
Customer Service
Monday – Friday 9am – 5pm PST
Phone, email, or in-app messaging: Monday - Friday, 9 am - 6 pm EST
Incoming Wire Transfer Fee
N/A
$0
Locations
Online only
Online only
Out of Network ATM FeeStandard ATM fees charged by the ownerUp to $7 per month ATM fee reimbursement
Outgoing Wire Transfer Fee
N/A
N/A
Overdraft Fee
$0
$0
 

CreditDonkey® Reviews

 FoundNovo
SavingsStarStarStarEmpty StarEmpty StarEmpty StarEmpty StarEmpty StarEmpty StarEmpty Star
Minimum DepositStarStarStarStarStar
CheckingStarStarStarStarStarStarStarStarStarEmpty Star
Mobile AppStarStarStarStarStarStarStarStarStarStar
Customer ServiceStarStarStarHalf StarEmpty StarStarStarStarStarEmpty Star
Pros & ConsPros:
  • No monthly fees
  • Built-in tax tools
  • Unlimited invoicing
Cons:
  • No free ATMs
  • No APY with the free version
Pros:
  • No monthly fees
  • ATM refunds up to $7 per month
  • 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

Novo: Pricing information from published website as of 04/10/2024.

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
  • Photo receipt capture
  • 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

  • $19.99/month or $149.99/year
  • Earn 1.5% APY on balances up to $20,000
  • Auto-import expense from receipt
  • Automatically find tax write-offs and track expenses
  • Pay taxes directly from the app
  • Free unlimited custom invoices
  • Custom bookkeeping categories
  • Priority customer support
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
  • ATM fee refunds up to $7 per month
Banking services provided by Middlesex Federal Savings F.A., Member FDIC
Novo

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

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 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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About CreditDonkey
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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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