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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.

 Visit SiteLearn More



Mobile Banking for Freelancers - Learn More

Read Lili Review

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
Customer Service
Monday – Friday 9am – 7pm EST
Monday - Friday 9 am - 6 pm EST
Minimum Deposit Required
$50 to access all Novo's features
38,000+ MoneyPass ATMs
Unlimited reimbursement of all ATM fees worldwide
Balance Requirement 
Online only
Online only

CreditDonkey® Reviews

SavingsStarStarHalf StarEmpty StarEmpty StarEmpty StarEmpty StarEmpty StarEmpty StarEmpty Star
Minimum DepositStarStarStarStarStar
Mobile AppStarStarStarStarHalf StarStarStarStarStarStar
CheckingStarStarStarStarEmpty Star
Customer ServiceStarStarStarStarEmpty Star
Pros & ConsPros:
  • No monthly service fees
  • Expense tracking
  • No balance minimums
  • Mobile check deposit requirements
  • Slow check deposit clearing times
  • No savings APY
  • No monthly fees
  • Unlimited ATM refunds
  • Lots of software integrations
  • 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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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.

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