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Novo vs Capital One

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

 Novo
 Visit SiteLearn More
 

Novo

Capital One

SPECIAL OFFER
Free Business Checking - Learn More

Read Novo Review

SPECIAL OFFER
360 Checking Account - Learn More

Read Capital One Review

 

Benefits and Features

SavingsNo savings account, but you add up to 10 Reserves
3.00% APY
CD 2.70% to 4.25% APY. Terms of 6 months to 5 years. 12-month CD APY of 4.00%
CheckingNo monthly fees; no balance requirements
0.10% APY
APY
N/A
 
Customer ServicePhone, email, or in-app messaging: Monday - Friday, 9 am - 6 pm EST
Mon-Sun: 8am - 11pm (ET)
Minimum Deposit to Open$50 to access all Novo's features 
ACH Transfer Fee
$0
 
ATMsUnlimited reimbursement of all ATM fees worldwideOver 40,000 no-fee Capital One & Allpoint ATMs
Balance Requirement
None
 
Cash Deposit Fee
N/A
 
Incoming Wire Transfer Fee
$0
 
IRA CD 2.70% to 4.25% APY. Terms of 6 months to 5 years. 12-month CD APY of 4.00%.
Locations
Online only
Online Only
Out of Network ATM Fee
Unlimited ATM fee rebates
 
Outgoing Wire Transfer Fee
N/A
 
Overdraft Fee
$27
 
Monthly Fee
$0
 
 

CreditDonkey® Reviews

 Novo
SavingsEmpty StarEmpty StarEmpty StarEmpty StarEmpty StarStarStarStarHalf StarEmpty Star
CheckingStarStarStarStarEmpty StarStarStarStarStarStar
Customer ServiceStarStarStarStarEmpty StarStarStarStarStarHalf Star
Mobile AppStarStarStarStarStarStarStarStarStarHalf Star
Money MarketStarStarStarStarEmpty Star
Pros & ConsPros:
  • No monthly fees
  • Unlimited ATM refunds
  • Lots of software integrations
Cons:
  • No cash deposits
  • Can't send wires
Pros:
  • Overdraft protection options
  • No account minimums
  • 27 cafes for in-person support
Cons:
  • Lower savings APY compared to other online banks
Bottom LineFee-free online business checking with lots of good features... Read full reviewGood online bank with access to in-person support... Read full review
 Visit SiteLearn More

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

Capital One: Pricing information from published website as of 10/29/2022.

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

Which is Better: Novo or Capital One?

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: Capital One's savings and checking are worth mentioning. In particular, the checking is outstanding.


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 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 Capital One

Capital One 360 Review

Capital One 360 checking and savings accounts are free to open and offer higher-than-average APY rates. Does this popular web bank live up to its claims? Find out if it's right for you.

Capital One Money Teen Checking Account Review

Is Capital One a good bank for your teenager? Here are the pros, cons, and fees of a Capital One Money Teen Checking account.

Capital One Bank Hours

Capital One Bank is open 6 days a week. Take a look at their operating hours.

Capital One Routing Number

What is the routing number for Capital One? Find the right one for your account with our guide.

Which Do You Think is Best?





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