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Novo vs Frost Bank

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

 Novo
 Visit SiteLearn More
 

Novo

Frost Bank

SPECIAL OFFER
Free Business Checking - Learn More

Read Novo Review

SPECIAL OFFER
3-Month CD - 4.55% APY - Learn More

Read Frost Bank Review

 

Benefits and Features

SavingsNo savings account, but you add up to 20 Reserves 
CheckingNo monthly fees; no balance requirements 
Monthly Fee
$0
 
APY
N/A
 
Minimum Deposit to Open$50 to access all Novo's features 
ACH Transfer Fee
$0
 
ATMsUp to $7 per month reimbursement of ATM fees worldwideOver 1,400 ATMs across Texas.
Balance Requirement
None
 
Cash Deposit Fee
N/A
 
Customer ServicePhone, email, or in-app messaging: Monday - Friday, 9 am - 6 pm EST
  • Monday to Friday 9:00AM - 5:00PM
  • Saturday 9:00AM - 1:00PM
Incoming Wire Transfer Fee
$0
 
Locations
Online only
187 financial centers across Texas
Out of Network ATM FeeUp to $7 per month ATM fee reimbursement 
Outgoing Wire Transfer Fee
N/A
 
Overdraft Fee
$0
 
 

CreditDonkey® Reviews

 Novo
SavingsEmpty StarEmpty StarEmpty StarEmpty StarEmpty Star
CheckingStarStarStarStarEmpty Star
Mobile AppStarStarStarStarStar
Customer ServiceStarStarStarStarEmpty Star
Pros & ConsPros:
  • No monthly fees
  • ATM refunds up to $7 per month
  • Lots of software integrations
Cons:
  • No cash deposits
  • Can't send wires
Bottom LineFee-free online business checking with lots of good features... Read full review Read full review
 Visit SiteLearn 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.

Frost Bank: Pricing information from published website as of 05/10/2024.

Novo

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
Novo

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

Which is Better: Novo or Frost Bank?

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.


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.

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 Frost Bank

Frost Bank Review

Is local customer service important to you when you bank? Do you live in Texas? If so, you may want to put Frost Bank on your list of possible banks. As one of the larger banks in Texas, Frost Bank offers "human" customer service and personal touches that you won't see anywhere else.

Which Do You Think is Best?





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