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Novo vs Chase

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

 NovoChase
 Visit SiteVisit Site
 

Novo

Chase

SPECIAL OFFER
Free Business Checking - Learn More

Read Novo Review

SPECIAL OFFER
Chase Bank $200 Bonus - Learn More

Read Chase Review

 

Benefits and Features

SavingsNo savings account, but you add up to 5 Reserves
  • Chase Savings: $5 monthly service fee waived with either a $300 daily balance OR $25 automatic transfer every month from a linked Chase checking account OR for owners under 18. $0 to open.
  • Chase Premier Savings: Earn a higher interest rate when you have a bigger balance and meet certain relationship requirements when linked with a Chase Premier Plus Checking or Sapphire Checking account.
CD Terms of 1 month to 10 years. $1,000 minimum opening deposit. No monthly service fee.
CheckingNo monthly fees; no balance requirements
  • Chase Total Checking®
  • Chase Premier Plus Checking: An interest-bearing account with some perks. $25 monthly service waived with an average beginning day balance of $15,000 OR a Chase mortgage with auto pay. $0 minimum balance to open.
  • Chase Sapphire Checking: A premium checking account for those with $75,000 or more on deposit with Chase. $0 minimum balance to open.
  • Chase College Checking: No monthly service fee for college students age 17-24 at account opening with proof of student status, for up to 5 years. $0 to open.
  • Chase Private Client Checking: For high net worth individuals who have $250,000 on deposit with Chase.
APY
N/A
 
Customer ServicePhone, email, or in-app messaging: Monday - Friday, 9 am - 6 pm EST 
Minimum Deposit to Open$50 to access all Novo's features 
ACH Transfer Fee
$0
 
ATMsUnlimited reimbursement of all ATM fees worldwide
16,000 Chase ATMs
Balance Requirement
None
 
Cash Deposit Fee
N/A
 
Incoming Wire Transfer Fee
$0
 
Locations
Online only
Over 4,700
Out of Network ATM Fee
Unlimited ATM fee rebates
 
Outgoing Wire Transfer Fee
N/A
 
Overdraft Fee
$27
 
Monthly Fee
$0
 
 

CreditDonkey® Reviews

 NovoChase
SavingsEmpty StarEmpty StarEmpty StarEmpty StarEmpty StarStarStarStarHalf StarEmpty Star
CheckingStarStarStarStarEmpty StarStarStarStarStarEmpty Star
Customer ServiceStarStarStarStarEmpty StarStarStarStarStarEmpty Star
Mobile AppStarStarStarStarStarStarStarStarStarStar
Pros & ConsPros:
  • No monthly fees
  • Unlimited ATM refunds
  • Lots of software integrations
Cons:
  • No cash deposits
  • Can't send wires
Pros:
  • More than 4,700 branches
  • New customer coupons
  • Full service banking
Cons:
  • Low interest rates
  • Not in all states
Bottom LineFee-free online business checking with lots of good features... Read full reviewNational bank with good promotions for new customers... Read full review
 Visit SiteVisit Site

Free Business Checking

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

Chase: Pricing information and data points from published website as of 12/17/2020

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
Chase
Member FDIC

Chase Total Checking® - $200 Bonus

Expires 10/19/2022
  • New Chase checking customers enjoy a $200 bonus when you open a Chase Total Checking® account and set up direct deposit
  • Access to 16,000 Chase ATMs and more than 4,700 branches
  • Chase Mobile® app - Manage your accounts, deposit checks, transfer money and more -- all from your device.
  • Open your account online now
  • Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com.
  • Chase Overdraft Assist℠ - no overdraft fee if you're overdrawn by $50 or less at the end of the business day or if you're overdrawn by more than $50 and bring your account balance to overdrawn by $50 or less at the end of the next business day*

*With Chase Overdraft Assist℠, we won't charge an Insufficient Funds Fee if you're overdrawn by $50 or less at the end of the business day OR if you're overdrawn by more than $50 and you bring your account balance to overdrawn by $50 or less at the end the next business day (you have until 11 PM ET (8 PM PT) to make a deposit or transfer). Chase Overdraft Assist does not require enrollment and comes with eligible Chase checking accounts.

Chase
Member FDIC

Chase Secure Banking℠ - $100 Bonus

Expires 10/19/2022
  • New Chase checking customers enjoy $100 when you open a Chase Secure Banking℠ account with qualifying transactions. Open an account online or at any Chase branch.
  • No minimum deposit to open an account and get started.
  • No paper checks to track and no Chase fees on money orders or cashier's checks.
  • Pay bills, cash checks and send money with Zelle® all for a $4.95 monthly service fee.
  • Say goodbye to overdraft fees with a Chase debit card that helps you stay within your balance.
  • Bank from virtually anywhere with access to 16,000 Chase ATMs, more than 4,700 Chase branches, the Chase Mobile® app and Chase Online℠.
  • Get more for your money. Secure Banking customers told us they save an average of $50 a month on fees after opening their account.
  • Get reimbursed for unauthorized debit card transactions when reported promptly with Zero Liability Protection.
J.P. Morgan Self-Directed Investing

J.P. Morgan Self-Directed Investing

  • Get up to $625 when you open and fund a J.P. Morgan Self-Directed Investing account with qualifying new money.
  • $625 when you fund with $250,000 or more
  • $300 when you fund with $100,000-$249,999
  • $125 when you fund with $25,000-$99,999
  • Get unlimited commission-free online stock, ETF, fixed income, and options trades when you open an account.
  • $0 Online Commission trades
  • Choose an account that's right for you: General Investing, Traditional IRA or Roth IRA.
  • Access our secure, easy-to-use trading experience online or through the Chase Mobile® app.
  • Our powerful tools and resources are built to help you take control of your investments.
  • Buy, trade, sell stocks online or the Chase Mobile App.

INVESTMENT AND INSURANCE PRODUCTS ARE: NOT A DEPOSITNOT FDIC INSUREDNO BANK GUARANTEEMAY LOSE VALUE

Expires 10/10/2022

Which is Better: Novo or Chase?

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 Citibank.

In short: Chase's savings is worth mentioning.


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 Chase

Chase Bank Review

Chase has new customer bonuses and a strong nationwide presence. But there are drawbacks. Read this review to see if Chase is a good bank for you.

Chase Bank Open Account

Opening an account with Chase Bank is simple. Take a look at what you'll need and check out your account options in our guide.

Chase Business Checking Promotion

Right now, Chase Business Complete Checking is offering a $300 bonus for new customers.

Chase Routing Number

What is Chase Bank's routing number? It depends on the state. Find the correct routing number for your Chase account (even without a check).

Is Chase Business Checking Good for Small Business

Chase offers 3 business checking accounts. Take a look at their current promotions, requirements, and fees in this guide.

How to Close a Chase Account

If you're ready to say goodbye to your Chase monthly service fees, follow the steps outlined in this guide to close it online, via phone, and more.

Chase Bank Offers

What promotions does Chase have right now? Find out how much you can earn and how to qualify for the latest Chase bank promotions.

Chase Investment Account Bonus

Right now, when you sign up for a J.P. Morgan Self-Directed Investing account and fund it with qualifying new money, you can earn up to $625.

Chase Total Checking Bonus

Chase Total Checking is offering $200 for opening a new account. Find out how to qualify for the bonus below.

Which Do You Think is Best?





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