Save money and be informed. CreditDonkey is a credit card comparison and reviews website. This website is made possible through financial relationships with card issuers and some of the products and services mentioned on this site. Advertiser Disclosure†

Lili vs Novo

Lili is a mixed-use bank account for single business owners to help manage expenses and taxes. How does it compare to Novo? Read our comparison chart below.

 LiliNovo
 Visit SiteVisit Site
 

Lili

Novo

SPECIAL OFFER
Free Checking Account for Sole Proprietors and Single-Member LLC - Learn More

Read Lili Review

SPECIAL OFFER
Free Business Checking - Learn More

Read Novo Review

 

Benefits and Features

SavingsNo savings account, but you can set automatically aside money in a Tax Bucket and Emergency BucketNo savings account, but you add up to 5 Reserves
CheckingNo monthly fees; no balance requirements; no overdraft fees; no foreign transaction feesNo monthly fees; no balance requirements
APY
N/A
N/A
Customer Service
Monday – Friday 9am – 7pm EST
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
ATMs
38,000+ MoneyPass ATMs
Unlimited reimbursement of all ATM fees worldwide
Balance Requirement
$0
None
Cash Deposit Fee
$4.95
N/A
Incoming Wire Transfer Fee
N/A
$0
Locations
Online only
Online only
Out of Network ATM Fee
$2.50 ($5 for international)
Unlimited ATM fee rebates
Outgoing Wire Transfer Fee
N/A
N/A
Overdraft Fee
$0
$27
Monthly Fee
$0
$0
 

CreditDonkey® Reviews

 LiliNovo
SavingsStarStarStarEmpty StarEmpty StarEmpty StarEmpty StarEmpty StarEmpty StarEmpty Star
Minimum DepositStarStarStarStarStar
CheckingStarStarStarStarStarStarStarStarStarEmpty Star
Customer ServiceStarStarStarStarEmpty StarStarStarStarStarEmpty Star
Mobile AppStarStarStarStarHalf StarStarStarStarStarStar
FeesStarStarStarStarStar
Pros & ConsPros:
  • No monthly fees
  • Expense tracking
  • Save for taxes
Cons:
  • Best features only for Lili Pro
  • No checks
  • Fee to deposit cash
Pros:
  • No monthly fees
  • Unlimited ATM refunds
  • Lots of software integrations
Cons:
  • No cash deposits
  • Can't send wires
Bottom LineMixed-use bank account for single business owners to help manage expenses and taxes... Read full reviewFee-free online business checking with lots of good features... Read full review
 Visit SiteVisit Site

Free Business Checking

Lili

Free Checking Account for Sole Proprietors and Single-Member LLC

  • $0 monthly service fees
  • $0 minimum opening deposit
  • No minimum balance requirement
  • No foreign exchange fee
  • Get direct deposits up to 2 days earlier
Banking services provided by Choice Financial Group, Member FDIC
Lili

Lili Pro Business Checking

  • $4.99 monthly service fee
  • Emergency savings account with 1% APY
  • Create and send unlimited invoices
  • Up to $200 fee-free overdraft
  • Cashback with selected merchants
Banking services provided by Choice Financial Group, 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

Which is Better: Lili 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 Lili or Chase.

In short: Lili's checking is outstanding.


Articles on Lili

Lili Review

Lili offers a business checking account and debit card for freelancers and independent contractors. Review the features to find out if Lili is worth it.

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 Legit

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?





You Might Also Like

Best Business Bank Accounts for LLC

Best Business Bank Accounts for LLC

The best banks for LLCs have low fees and valuable business perks to help you grow. Here are the best business banking accounts for all types of LLCs.
Bluevine Alternatives
Bluevine

Bluevine Alternatives

Bluevine offers a high APY and no monthly fees. But it has limitations. Find out if one of these business checking alternatives is better for you instead.
Best Online Bank for Small Business

Best Online Bank for Small Business

Manage your business finances without running to a bank. An online bank can save you time and money. Here are the 10 best online banks for small businesses.
How to Open a Free Business Checking Account

How to Open a Free Business Checking Account

Looking for a free business checking account you can open with $0? Find out how to open an account online in minutes and what documents you need.
Bluevine Business Checking Review
Bluevine

Bluevine Business Checking Review

Bluevine offers free business checking with a high interest rate. But what's the catch? Is it right for your business? Read on for the full review.
Best Free Business Checking for Freelancers and Side Hustlers

Best Free Business Checking for Freelancers and Side Hustlers

Which banks offer the best free business checking accounts for freelancers? Find the top interest rates and business perks for all 1099 employees.
Why You Need a Business Bank Account

Why You Need a Business Bank Account

Learn about the benefits of business bank accounts, the best accounts available, and the consequences of using a personal account for business expenses.
Best Business Checking Account

Best Business Checking Account

Cut banking costs and keep more money in your business. Here are the best business checking accounts (#1 is free).
Best Free Checking Accounts for Small Businesses

Best Free Checking Accounts for Small Businesses

Hidden fees can pile up. Don't let your checking account be part of the problem. Find out which small business friendly bank account is good for you.

Next Page:

About CreditDonkey
CreditDonkey is a credit card comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

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.

†Advertiser Disclosure: Many of the offers that appear on this site are from companies from which CreditDonkey receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). CreditDonkey does not include all companies or all offers that may be available in the marketplace.

*See the card issuer's online application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However, all information is presented without warranty. When you click on the "Apply Now" button you can review the terms and conditions on the card issuer's website.

CreditDonkey does not know your individual circumstances and provides information for general educational purposes only. CreditDonkey is not a substitute for, and should not be used as, professional legal, credit or financial advice. You should consult your own professional advisors for such advice.

About Us | Reviews | Deals | Tips | Privacy | Do Not Sell My Info | Terms | Contact Us
(888) 483-4925 | 680 East Colorado Blvd, 2nd Floor | Pasadena, CA 91101
© 2022 CreditDonkey Inc. All Rights Reserved.