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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
 Visit SiteVisit Site
 

Novo

Lili

SPECIAL OFFER
Free Business Checking - Learn More

Read Novo Review

SPECIAL OFFER
Free Checking Account for Sole Proprietors and Single-Member LLC - Learn More

Read Lili Review

 

Benefits and Features

SavingsNo savings account, but you add up to 5 ReservesNo savings account, but you can set automatically aside money in a Tax Bucket and Emergency Bucket
CheckingNo monthly fees; no balance requirementsNo monthly fees; no balance requirements; no overdraft fees; no foreign transaction fees
APY
N/A
N/A
Customer ServicePhone, email, or in-app messaging: Monday - Friday, 9 am - 6 pm EST
Monday – Friday 9am – 7pm EST
Minimum Deposit to Open$50 to access all Novo's features 
Minimum Deposit Required 
$0
ACH Transfer Fee
$0
 
ATMsUnlimited reimbursement of all ATM fees worldwide
38,000+ MoneyPass ATMs
Balance Requirement
None
 
Cash Deposit Fee
N/A
 
Incoming Wire Transfer Fee
$0
 
Locations
Online only
Online only
Out of Network ATM Fee
Unlimited ATM fee rebates
 
Outgoing Wire Transfer Fee
N/A
 
Overdraft Fee
$27
 
Monthly Fee
$0
 
 

CreditDonkey® Reviews

 NovoLili
SavingsEmpty StarEmpty StarEmpty StarEmpty StarEmpty StarStarStarStarEmpty StarEmpty Star
CheckingStarStarStarStarEmpty StarStarStarStarStarStar
Customer ServiceStarStarStarStarEmpty StarStarStarStarStarEmpty 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 fees
  • Expense tracking
  • Save for taxes
Cons:
  • Best features only for Lili Pro
  • No checks
  • Fee to deposit cash
Bottom LineFee-free online business checking with lots of good features... Read full reviewMixed-use bank account for single business owners to help manage expenses and taxes... Read full review
 Visit SiteVisit Site

Free Business Checking

Free Checking Account for Sole Proprietors and Single-Member LLC

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

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
Lili

Free Checking Account for Sole Proprietors and Single-Member LLC

  • $0 monthly service fees
  • $0 minimum opening deposit
  • No minimum balance requirement
  • No foreign exchange fee
  • Get direct deposits up to 2 days earlier
Banking services provided by Choice Financial Group, Member FDIC

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.

In short: Lili's 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 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 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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