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.
 | ||
| Visit Site | Learn More | |
Novo | Regions Bank | |
|---|---|---|
Free Business Checking - | LifeGreen Business Checking® - | |
Benefits and Features | ||
| Savings | No savings account, but you add up to 20 Reserves | |
| CD | 0.01% APY (Up to 3.75% APY for Promotional Relationship) | |
| Checking | No monthly fees; no balance requirements | |
| Monthly Fee | ||
| APY | ||
| Minimum Deposit to Open | $50 to access all Novo's features | |
| ACH Transfer Fee | ||
| ATMs | up to $7 per month reimbursement of ATM fees worldwide | 2,000+ ATMs in 15 Southern and Midwestern US states. |
| Balance Requirement | ||
| Cash Deposit Fee | ||
| Customer Service | Phone, email, or in-app messaging: Monday - Friday, 9 am - 6 pm EST | 24/7 Telephone Customer Service |
| Incoming Wire Transfer Fee | ||
| IRA CD |  | |
| Locations | 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 | ||
| Overdraft Fee | ||
CreditDonkey® Reviews | ||
| ||
| Savings |  | |
| Checking |  | |
| Mobile App | | |
| Customer Service | | |
| Pros & Cons | Pros:
| |
| Bottom Line | Fee-free online business checking with lots of good features... | |
| Visit Site | Learn 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 09/27/2025. Regions Bank: Pricing information from published website as of 10/09/2025 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
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
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.
Articles on Novo
Novo Review
Is Novo Safe and Legit
Which Do You Think is Best?
Which Bank Account is Right for You?
Compare Regions Bank to:
You might also be interested in
