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Novo vs Lili

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

 NovoLili
 Learn MoreVisit Site
 

Novo

Lili

SPECIAL OFFER
Powerfully Simple Business Banking - Learn More

Read Novo Review

SPECIAL OFFER
Mobile Banking for Freelancers - Learn More

Read Lili Review

 

Benefits and Features

SavingsNo savings account, but you add up to 5 Reserves, which will not count in your spendable balanceNo savings account, but you can set automatically aside money in a Tax Bucket and Emergency Bucket
CheckingNo monthly fees; no balance requirements; $50 initial deposit to access all featuresNo monthly fees; no balance requirements; no overdraft fees; no foreign transaction fees
APY
N/A
N/A
Customer ServiceMonday - Friday 9 am - 6 pm EST
Monday – Friday 9am – 7pm EST
Minimum Deposit Required$50 to access all Novo's features
$0
ATMsUnlimited reimbursement of all ATM fees worldwide
38,000+ MoneyPass ATMs
Balance Requirement
None
 
Locations
Online only
Online only
 

CreditDonkey® Reviews

 NovoLili
SavingsEmpty StarEmpty StarEmpty StarEmpty StarEmpty StarStarStarHalf StarEmpty StarEmpty Star
CheckingStarStarStarStarEmpty Star
Customer ServiceStarStarStarStarEmpty Star
Mobile AppStarStarStarStarStarStarStarStarStarHalf Star
Minimum DepositStarStarStarStarStar
FeesStarStarStarStarStar
Pros & ConsPros:
  • No monthly fees
  • Unlimited ATM refunds
  • Lots of software integrations
Cons:
  • No cash deposits
  • Can't send wires
Pros:
  • No monthly service fees
  • Expense tracking
  • No balance minimums
Cons:
  • Mobile check deposit requirements
  • Slow check deposit clearing times
  • No savings APY
Bottom LineFee-free online business checking with lots of good features... Read full reviewFee-free banking for freelancers and smaller businesses... Read full review
 Learn MoreVisit Site

Powerfully Simple Business Banking

Mobile Banking for Freelancers

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

Which is Better: Novo or Lili?

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.

Articles on Lili

Lili Review

Lili offers a business checking account and debit card for freelancers and independent contractors. Review the features to find out if Lili is worth it.

Which Do You Think is Best?





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About CreditDonkey
CreditDonkey is a credit card comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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