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Lili vs Novo

Lili is a fee-free banking for freelancers and smaller businesses. How does it compare to Novo? Read our comparison chart below.

 Novo
 Visit SiteLearn More
 

Lili

Novo

SPECIAL OFFER
Mobile Banking for Freelancers - Learn More

Read Lili Review

SPECIAL OFFER
Powerfully Simple Business Banking - 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, which will not count in your spendable balance
CheckingNo monthly fees; no balance requirements; no overdraft fees; no foreign transaction feesNo monthly fees; no balance requirements; $50 initial deposit to access all features
APY
N/A
N/A
Customer Service
Monday – Friday 9am – 7pm EST
Monday - Friday 9 am - 6 pm EST
Minimum Deposit Required
$0
$50 to access all Novo's features
ATMs
38,000+ MoneyPass ATMs
Unlimited reimbursement of all ATM fees worldwide
Balance Requirement 
None
Locations
Online only
Online only
 

CreditDonkey® Reviews

 Novo
SavingsStarStarHalf StarEmpty StarEmpty StarEmpty StarEmpty StarEmpty StarEmpty StarEmpty Star
Minimum DepositStarStarStarStarStar
Mobile AppStarStarStarStarHalf StarStarStarStarStarStar
FeesStarStarStarStarStar
CheckingStarStarStarStarEmpty Star
Customer ServiceStarStarStarStarEmpty Star
Pros & ConsPros:
  • No monthly service fees
  • Expense tracking
  • No balance minimums
Cons:
  • Mobile check deposit requirements
  • Slow check deposit clearing times
  • No savings APY
Pros:
  • No monthly fees
  • Unlimited ATM refunds
  • Lots of software integrations
Cons:
  • No cash deposits
  • Can't send wires
Bottom LineFee-free banking for freelancers and smaller businesses... Read full reviewFee-free online business checking with lots of good features... Read full review
 Visit SiteLearn More

Mobile Banking for Freelancers

Powerfully Simple Business Banking

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

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.


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.

Which Do You Think is Best?





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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.

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