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Novo vs Bluevine

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

Novo offers all-in-one banking for digital businesses. It includes up to 20 Reserves, free unlimited invoicing, and over a thousand business app integrations. But there's no cash deposits. There is no monthly fee.

While Bluevine offers one of the highest APYs on the market for its Business Checking account. You also get 5 free subaccounts, unlimited transactions, 2 free checkbooks a year, and additional users at no extra cost. There's no monthly fee.

Compare Novo with Bluevine, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

 NovoBluevine
 Visit SiteVisit Site
 

Novo

Bluevine

SPECIAL OFFER
Free Business Checking - Learn More

Read Novo Review

SPECIAL OFFER
Free Business Checking - Up to 2.0% APY - Learn More

Read Bluevine Review

 

Benefits and Features

SavingsNo savings account, but you add up to 20 ReservesNo savings account, but you add 5 free sub accounts
CheckingNo monthly fees; no balance requirements4.25% APY for Premier customers, 2.0% APY for Bluevine Standard tier customers. No monthly fees, no balance requirements, and no overdraft fees for Bluevine Standard
Monthly Fee
$0
Standard tier: $0 per month
Premier tier: $95 per month (can be waived with $100k average daily balance and $5k debit card spend)
APY
N/A
4.25% APY on balances up to $3M for Premier customers; 2.0% APY on balances up to $250,000 for Standard tier customers that meet monthly eligibility requirements
Minimum Deposit to Open$50 to access all Novo's features
$0
ACH Transfer Fee
$0
$0
ATMsUp to $7 per month reimbursement of ATM fees worldwide
38,000+ MoneyPass ATMs
Balance Requirement
None
None
Cash Deposit Fee
N/A
  • $4.95 per deposit at Green Dot locations
  • $1 + 0.5% of the deposit amount at Allpoint+ ATMs
Customer ServicePhone, email, or in-app messaging: Monday - Friday, 9 am - 6 pm ESTPhone and email: Monday - Friday. 8 am to 8 pm EST
Incoming Wire Transfer Fee
$0
$0
Locations
Online only
Online only
Out of Network ATM FeeUp to $7 per month ATM fee reimbursement
$2.50
Outgoing Wire Transfer Fee
N/A
$15 ($7.50 for Premier)
Overdraft Fee
$0
$0
 

CreditDonkey® Reviews

 NovoBluevine
SavingsEmpty StarEmpty StarEmpty StarEmpty StarEmpty Star
CheckingStarStarStarStarEmpty StarStarStarStarStarHalf Star
Mobile AppStarStarStarStarStarStarStarStarStarHalf Star
Customer ServiceStarStarStarStarEmpty StarStarStarStarHalf StarEmpty Star
FeesStarStarStarStarStar
Pros & ConsPros:
  • No monthly fees
  • ATM refunds up to $7 per month
  • Lots of software integrations
Cons:
  • No cash deposits
  • Can't send wires
Pros:
  • High interest rate
  • $0 monthly fee
  • 2 free checkbooks
Cons:
  • Fees to deposit cash
  • No physical branches
Bottom LineFee-free online business checking with lots of good features... Read full reviewFree account with interest for basic business checking needs... Read full review
 Visit SiteVisit Site

Novo: Pricing information from published website as of 04/10/2024.

Novo

Free Business Checking

  • $0 monthly service fee
  • $50 deposit to unlock all features
  • ATM fee refunds up to $7 per month
Banking services provided by Middlesex Federal Savings F.A., Member FDIC
Novo

Free Business Checking

  • $0 monthly service fee
  • ATM fee refunds up to $7 per month
  • Free ACHs, incoming wires, and mailed checks
  • Up to 20 Reserves to manage multiple budgets
  • Thousands of app integrations
Banking services provided by Middlesex Federal Savings F.A., Member FDIC
Bluevine

Free Business Checking - Up to 2.0% APY

  • 2.0% APY on your balance up to $250,000 for customers that meet monthly eligibility requirements
  • $0 minimum opening deposit
  • $0 monthly service fee
Banking services provided by Coastal Community Bank, Member FDIC
Bluevine

Free Business Checking - Up to 2.0% APY

  • 2.0% APY on balances up to $250,000 for eligible customers
  • Unlimited transactions
  • 5 free subaccounts with unique account numbers
  • 2 free checkbooks per year
  • $0 monthly service fee
Banking services provided by Coastal Community Bank, Member FDIC
Bluevine

Premier Business Checking - Up to 4.25% APY

  • 4.25% APY on balances up to $3,000,000
  • $0 minimum opening deposit
  • 50% off most Standard payment fees
  • Priority customer support
  • Waive the $95 monthly service fee with $100k average daily balance and $5k debit card spend
Banking services provided by Coastal Community Bank, Member FDIC

Which is Better: Novo or Bluevine?

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.


Articles on Novo

Novo Review

Novo provides digital banking services for entrepreneurs and small businesses. Explore Novo's features, business perks, and fees in this review.

Is Novo Safe and Legit

Novo is a platform offering banking services for small businesses and freelancers. But is it safe and legit? Read on to find out.

Articles on 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.

Is Bluevine Safe and Legit

Bluevine provides banking products for small business owners in the digital age. But is it safe and legit? Read on to find out.

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.

Which Do You Think is Best?





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