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Novo vs Current

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

 NovoCurrent
 Visit SiteVisit Site
 

Novo

Current

SPECIAL OFFER
Free Business Checking - Learn More

Read Novo Review

SPECIAL OFFER
Banking for Modern Life - Learn More

Read Current Review

 

Benefits and Features

SavingsNo savings account, but you add up to 5 Reserves4.00% APY on your Savings Pod, on up to a total of $6,000
CheckingNo monthly fees; no balance requirementsEarn up to 15x points on purchases at participating merchants
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
$0
Mobile App 
iOS & Android
ACH Transfer Fee
$0
 
ATMsUnlimited reimbursement of all ATM fees worldwideFree access to 40,000+ Allpoint ATMs
Balance Requirement
None
 
Cash Deposit Fee
N/A
 
Incoming Wire Transfer Fee
$0
 
Locations
Online only
 
Out of Network ATM Fee
Unlimited ATM fee rebates
 
Outgoing Wire Transfer Fee
N/A
 
Overdraft Fee
$27
 
Monthly Fee
$0
$0
 

CreditDonkey® Reviews

 NovoCurrent
SavingsEmpty StarEmpty StarEmpty StarEmpty StarEmpty StarStarStarStarStarEmpty Star
CheckingStarStarStarStarEmpty StarStarStarStarStarStar
Customer ServiceStarStarStarStarEmpty StarStarStarStarStarEmpty Star
Mobile AppStarStarStarStarStarStarStarStarStarStar
Minimum DepositStarStarStarStarStar
PriceStarStarStarEmpty StarEmpty Star
Ease of UseStarStarStarStarStar
EducationStarStarStarEmpty StarEmpty Star
Pros & ConsPros:
  • No monthly fees
  • Unlimited ATM refunds
  • Lots of software integrations
Cons:
  • No cash deposits
  • Can't send wires
Pros:
  • Up to 15x cash back at 14k stores
  • Ability to deposit cash
  • Instant gas hold removals
Cons:
  • Fee required for most features
Bottom LineFee-free online business checking with lots of good features... Read full reviewSimple, digital-only banking with useful features and impressive cash back... 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.

Current: Pricing information from published website as of 9/25/2021

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
Current

Banking for Modern Life

  • Get Paid Up to 2 Days Faster
  • Fee-Free Overdraft up to $200 with Overdrive
  • 40,000 fee-free Allpoint ATMs in the U.S.
  • No minimum balance or hidden fees
Current is a financial technology company, not a bank. Banking services provided by Choice Financial Group, Member FDIC
Current

Convenient Teen Account With Debit Card

  • Easy transfers, set spending limits, automate allowances
  • Age: 13 years and older
  • Fees: No monthly or annual fee
Current is a financial technology company, not a bank. Banking services provided by Choice Financial Group, Member FDIC

Which is Better: Novo or Current?

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: Current'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 Safe and 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 Current

Current Banking Review

Current offers banking features like savings, and debit card options — but is it legit? Find out the pros, cons, and how it compares to Chime.

Which Do You Think is Best?





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