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Novo vs Axos Bank

Novo is a fee-free online business checking with lots of good features . How does it compare to Axos Bank? Read our comparison chart below.

 NovoAxos Bank
 Learn MoreVisit Site
 

Novo

Axos Bank

SPECIAL OFFER
Powerfully Simple Business Banking - Learn More

Read Novo Review

SPECIAL OFFER
Rewards Checking - Up to 1.00% APY - Learn More

Read Axos Bank Review

 

Benefits and Features

SavingsNo savings account, but you add up to 5 Reserves, which will not count in your spendable balance<$25K 0.61% APY; $25K-$100K - 0.25% APY; >$100K - 0.15% APY. No minimum opening deposit. No monthly maintenance fee. Daily Compounding Interest.
CD 0.20% APY. Terms of 3 months to 60 months. No maintenance fee. Minimum deposit of $1,000.
CheckingNo monthly fees; no balance requirements; $50 initial deposit to access all featuresRewards Checking: Earn up to 1.00% APY
Money Market 0.25% APY. No minimum balance requirements. No fees to open or maintain account.
APY
N/A
 
Customer ServiceMonday - Friday 9 am - 6 pm EST 
Minimum Deposit Required$50 to access all Novo's features 
ATMsUnlimited reimbursement of all ATM fees worldwide 
Balance Requirement
None
 
Locations
Online only
 
 

CreditDonkey® Reviews

 NovoAxos Bank
SavingsEmpty StarEmpty StarEmpty StarEmpty StarEmpty StarStarStarStarStarHalf Star
CheckingStarStarStarStarEmpty StarStarStarStarStarStar
Customer ServiceStarStarStarStarEmpty Star
Mobile AppStarStarStarStarStarStarStarStarStarHalf Star
CDStarStarStarEmpty StarEmpty Star
Money MarketStarStarStarStarHalf Star
ATMsStarStarStarStarHalf Star
LocationsStarStarEmpty StarEmpty StarEmpty Star
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 Read full review
 Learn MoreVisit Site

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.

Axos Bank: Pricing information from published website as of 07/01/2020.

Axos Bank
Member FDIC

Rewards Checking - Up to 1.00% APY

  • Up to 1.00% APY
  • No minimum balance requirements
  • No fees to open or maintain account
  • Overdraft Protection
Axos Bank
Member FDIC

High Yield Savings

  • 0.61% APY on balance < $25,000
  • 0.25% APY on balance $25K-$100K
  • 0.15% APY on balance > $100K
  • No minimum balance requirements
  • No fees to open or maintain account
  • Free ATM card upon request
  • FDIC Insured
Axos Bank
Member FDIC

Essential Checking

  • Unlimited domestic ATM reimbursements
  • No monthly maintenance fees
  • No annual fee
  • No overdraft or non-sufficient funds fee

Which is Better: Novo or Axos Bank?

Still need help deciding which bank reviews & deals is better? Read the in-depth reviews below. You may also be interested in comparing Novo or Chase.

In short: Axos Bank's savings and checking are notable. In particular, the checking is excellent.


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.

Articles on Axos Bank

Axos Bank Review

Axos Bank offers full-service banking completely online with no fees. Find out below whether they can replace your traditional bank account.

Which Do You Think is Best?





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