Novo vs Chime

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

		ChimeBluevineChase Business Up to $500 BonusLiliDiscover BankBank of America
	Visit Site	Learn More
	Novo	Chime
	SPECIAL OFFER Free Business Checking - Learn More Read Novo Review	SPECIAL OFFER Get Started - Learn More Read Chime Review
	Benefits and Features
Savings	No savings account, but you add up to 20 Reserves	1.25% Annual Percentage Yield (APY).
Checking	No monthly fees; no balance requirements	No monthly service fee; no minimum balance; no overdraft fees; no foreign transaction fees
Monthly Fee	$0	$0
APY	N/A
Minimum Deposit to Open	$50 to access all Novo's features	$0
Mobile App		iOS & Android
ACH Transfer Fee	$0
ATMs	up to $7 per month reimbursement of ATM fees worldwide	Over 50,000 fee-free MoneyPass, Allpoint, and Visa Plus Alliance ATMs
Balance Requirement	None
Cash Deposit Fee	N/A
Customer Service	Phone, email, or in-app messaging: Monday - Friday, 9 am - 6 pm EST	24/7
Incoming Wire Transfer Fee	$0
Locations	Online only	Online only
Out of Network ATM Fee	up to $7 per month ATM fee reimbursement
Outgoing Wire Transfer Fee	N/A
Overdraft Fee	$0
	CreditDonkey® Reviews
Savings
Checking
Mobile App
Customer Service
Pros & Cons	Pros: No monthly fees ATM refunds up to $7 per month Lots of software integrations Cons: No cash deposits Can't send wires	Pros: No account fees Get paycheck 2 days early Up to $200 overdraft coverage Cons: Hard to deposit cash
Bottom Line	Fee-free online business checking with lots of good features... Read full review	Banking app that offers an online account with early paycheck access and credit builder features... Read full review
	Visit Site	Learn More
	Free Business Checking	Get Started Personal Checking Account - $350 Bonus Personal Checking Account - $200 Bonus
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Novo: Pricing information from published website as of 09/27/2025. Chime: Chime is a financial technology company, not a bank. Banking services provided by, and debit card issued by, The Bancorp Bank or Stride Bank, N.A.; Members FDIC.

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

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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

Learn More

Which is Better: Novo or Chime?

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 Bluevine.

In short: Novo's customer service is notable. Chime's savings and checking are excellent.

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.

• Novo vs Bluevine
• Novo vs Chase Business Up to $500 Bonus
• Novo vs Lili

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.

• Novo vs Axos Bank

Articles on Chime

Chime Review

Chime has no monthly fees, so what's the catch with the app? Find out how you can get paid two days early and grow your savings.

• Chime vs Discover Bank
• Chime vs Bank of America

Chime Locations

Chime is a popular fintech company with no physical branches. But how do you access your money? Keep reading to find out.

Chime Alternatives

Discover the best Chime competitors that can offer you better rewards and a wider range of account options.

Which Do You Think is Best?