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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
Powerfully Simple Business Banking - Learn More

Read Novo Review

SPECIAL OFFER
$0 Overdraft Fees - Learn More

Read Frost Bank Review

 

Benefits and Features

SavingsNo savings account, but you add up to 5 Reserves 
CheckingNo monthly fees; no balance requirements 
APY
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
Minimum Deposit to Open$50 to access all Novo's features 
ACH Transfer Fee
$0
 
ATMsUnlimited reimbursement of all ATM fees worldwideOver 1,400 ATMs across Texas.
Balance Requirement
None
 
Cash Deposit Fee
N/A
 
Incoming Wire Transfer Fee
$0
 
Locations
Online only
Over 130 financial centers across Texas.
Out of Network ATM Fee
Unlimited ATM fee rebates
 
Outgoing Wire Transfer Fee
N/A
 
Overdraft Fee
$27
 
Monthly Fee
$0
 
 

CreditDonkey® Reviews

 Novo
SavingsEmpty StarEmpty StarEmpty StarEmpty StarEmpty Star
CheckingStarStarStarStarEmpty Star
Customer ServiceStarStarStarStarEmpty Star
Mobile AppStarStarStarStarStar
Pros & ConsPros:
  • No monthly fees
  • Unlimited ATM refunds
  • 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

Powerfully Simple Business Banking

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

Frost Bank: Pricing information from published website as of 2/5/2022.

Novo

Powerfully Simple Business Banking

  • $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

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 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 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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