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Mercury vs Novo


 Novo
 Learn MoreVisit Site
 

Mercury

Novo

SPECIAL OFFER
Banking for Startups - Learn More

SPECIAL OFFER
Free Business Checking - Learn More

Read Novo Review

 

Benefits and Features

Savings1 free savings account; more upon requestNo savings account, but you add up to 10 Reserves
CheckingNo monthly fees; no balance requirementsNo monthly fees; no balance requirements
APY
N/A
N/A
Customer Service
Email only
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
55,000+ Allpoint ATMs
Unlimited reimbursement of all ATM fees worldwide
Balance Requirement
None
None
Cash Deposit Fee
N/A
N/A
Incoming Wire Transfer Fee
$0
$0
Locations
Online only
Online only
Out of Network ATM Fee
$0
Unlimited ATM fee rebates
Outgoing Wire Transfer Fee
$0
N/A
Overdraft Fee
$0
$27
Monthly Fee
$0
$0
 

CreditDonkey® Reviews

 Novo
SavingsEmpty StarEmpty StarEmpty StarEmpty StarEmpty Star
CheckingStarStarStarStarEmpty Star
Customer ServiceStarStarStarStarEmpty Star
Mobile AppStarStarStarStarStar
Pros & ConsPros:
  • No monthly fees
  • Unlimited ATM refunds
  • Lots of software integrations
Cons:
  • No cash deposits
  • Can't send wires
Bottom LineFee-free online business checking with lots of good features... Read full review
 Learn MoreVisit Site

Banking for Startups

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

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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