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.
 | ||
 |  | |
Novo | Chime | |
|---|---|---|
Free Business Checking - | Get Started - | |
Benefits and Features | ||
| Savings | No savings account, but you add up to 5 Reserves | 0.50% Annual Percentage Yield (APY). The Annual Percentage Yield ("APY") for the Chime Savings Account is variable and may change at any time. The disclosed APY is effective as of November 1, 2021. No minimum balance required. Must have $0.01 in savings to earn interest. |
| Checking | No monthly fees; no balance requirements | No monthly service fee; no minimum balance; no overdraft fees; no foreign transaction fees |
| APY | ||
| Customer Service | Phone, email, or in-app messaging: Monday - Friday, 9 am - 6 pm EST | |
| Minimum Deposit to Open | $50 to access all Novo's features | |
| Mobile App | ||
| ACH Transfer Fee | ||
| ATMs | Unlimited reimbursement of all ATM fees worldwide | Over 60,000 fee-free MoneyPass, Allpoint, and Visa Plus Alliance ATMs |
| Balance Requirement | ||
| Cash Deposit Fee | ||
| Incoming Wire Transfer Fee | ||
| Locations | ||
| Out of Network ATM Fee | ||
| Outgoing Wire Transfer Fee | ||
| Overdraft Fee | ||
| Monthly Fee | ||
CreditDonkey® Reviews | ||
| ||
| Savings |  |  |
| Checking | | |
| Customer Service | | |
| Mobile App | | |
| Pros & Cons | Pros:
| Pros:
|
| Bottom Line | Fee-free online business checking with lots of good features... | |
| | |
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. 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
- Unlimited ATM fee rebates
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 Chase.
In short: Novo's customer service is notable. Chime's savings and checking are 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.
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 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 Alternatives
Chime offers a convenient and rewarding mobile app. But can you earn better rewards and get more account options with one of Chime's top competitors?
Which Do You Think is Best?
Next Page: Novo Review
