Novo vs Regions Bank

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

Novo offers all-in-one banking for digital businesses. It includes up to 20 Reserves, free unlimited invoicing, and over a thousand business app integrations. But there's no cash deposits. There is no monthly fee.

While Regions Bank has 1,250+ branches in 15 states in the South and Midwest. Checking and savings accounts require just $50 to open, with relatively lower requirements to waive fees. The unique Now Banking solution offers prepaid Visa, savings, and check cashing services with no account required.

Compare Novo with Regions Bank, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

		Regions BankBluevineChase Business Up to $500 BonusLiliBank of AmericaChaseTruist BankWells Fargo
	Visit Site	Learn More
	Novo	Regions Bank
	SPECIAL OFFER Free Business Checking - Learn More Read Novo Review	SPECIAL OFFER LifeGreen Business Checking® - Learn More Read Regions Bank Review
	Benefits and Features
Savings	No savings account, but you add up to 20 Reserves	0.01% APY
CD		0.01% - 0.05% APY (Up to 3.75% APY for Promotional Relationship)
Checking	No 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
ATMs	up to $7 per month reimbursement of ATM fees worldwide	2,000+ ATMs in 15 Southern and Midwestern US states.
Balance Requirement	None
Cash Deposit Fee	N/A
Customer Service	Phone, email, or in-app messaging: Monday - Friday, 9 am - 6 pm EST	24/7 Telephone Customer Service
Incoming Wire Transfer Fee	$0
IRA CD
Locations	Online only	1,250+ branches in 15 Southern and Midwestern US states.
Out of Network ATM Fee	up to $7 per month ATM fee reimbursement
Outgoing Wire Transfer Fee	N/A
Overdraft Fee	$0
	CreditDonkey® Reviews
Savings
Checking
Mobile App
Customer Service
CD
Money Market
Pros & Cons	Pros: No monthly fees ATM refunds up to $7 per month Lots of software integrations Cons: No cash deposits Can't send wires	Pros: $50 to open checking account Relationship Rewards program LifeGreen Savings annual bonus Cons: No free checking option Limited branches Low savings APY
Bottom Line	Fee-free online business checking with lots of good features... Read full review	South and Midwest bank with special reward programs... Read full review
	Visit Site	Learn More
	Free Business Checking	LifeGreen Business Checking® LifeGreen Savings Account – Up to $100 Annual Savings Bonus Regions Now Savings Account – Up to $100 Annual Savings Bonus
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 05/09/2025. Regions Bank: Pricing information from published website as of 06/07/2025 based on 35203 zip code.

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

Learn More

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

Learn More

Which is Better: Novo or Regions 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 Bluevine.

In short: Novo's mobile app is outstanding. Regions Bank's savings is notable.

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.

• Novo vs Bluevine
• Novo vs Chase Business Up to $500 Bonus
• Novo vs Lili

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.

• Novo vs Axos Bank

Articles on Regions Bank

Regions Bank Review

Regions Bank offers a variety of deposit products, easy account opening requirements, and special reward programs. Read on to see if this bank is right for you.

• Regions Bank vs Bank of America
• Regions Bank vs Chase
• Regions Bank vs Truist Bank

Which Do You Think is Best?