Novo vs Copper
Novo is a fee-free online business checking with lots of good features. How does it compare to Copper? 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 Copper offers banking and investing for kids 6-18. Features include debit cards for up to 5 kids, up to 5% savings rewards, and automatically managed portfolios. Starts from $4.95 per month.
Compare Novo with Copper, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
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| Visit Site | Learn More | |
Novo | Copper | |
|---|---|---|
Free Business Checking - | Teen Banking - | |
Benefits and Features | ||
| Savings | No savings account, but you add up to 20 Reserves | Create savings goals; 2% savings rewards for Copper Basic Plan, 5% savings rewards for Copper Pro Plan on Savings Balances up to $5,000 per family. |
| Checking | No monthly fees; no balance requirements | |
| Monthly Fee | Copper Basic Plan: $4.95 per month Copper Pro Plan: $7.95 per month | |
| Kids Debit Card |  | |
| APY | ||
| Minimum Deposit to Open | $50 to access all Novo's features | |
| Mobile App | ||
| ACH Transfer Fee | ||
| ATMs | Up to $7 per month reimbursement of ATM fees worldwide | Free access to 55,000+ Allpoint ATMs |
| Balance Requirement | ||
| Cash Deposit Fee | ||
| Customer Service | Phone, email, or in-app messaging: Monday - Friday, 9 am - 6 pm EST | |
| Incoming Wire Transfer Fee | ||
| Locations | ||
| Out of Network ATM Fee | Up to $7 per month ATM fee reimbursement | |
| Outgoing Wire Transfer Fee | ||
| Overdraft Fee | ||
CreditDonkey® Reviews | ||
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| Savings |  |   |
| Checking | | |
| Mobile App | | |
| Customer Service | | |
| Minimum Deposit | | |
| Price | | |
| Ease of Use | | |
| Education | | |
| Pros & Cons | Pros:
| Pros:
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| Bottom Line | Fee-free online business checking with lots of good features... | Teaches kids and teens responsible saving, spending, and investing... |
| Visit Site | Learn More | |
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 04/10/2024. Copper: Pricing information from published website as of 05/01/2022 | ||
Free Business Checking
- $0 monthly service fee
- $50 deposit to unlock all features
- ATM fee refunds up to $7 per month
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
Which is Better: Novo or Copper?
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 mobile app and customer service are notable. In particular, the mobile app is outstanding.
Articles on Novo
Novo Review
Is Novo Legit
Articles on Copper
Copper Banking
