Novo vs USAA Bank

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

		USAA BankBluevineChase Business $300 BonusLiliAxos BankChaseBank of America
	Visit Site	Learn More
	Novo	USAA Bank
	SPECIAL OFFER Free Business Checking - Learn More Read Novo Review	SPECIAL OFFER 9-Month Jumbo CD - 5.00% APY - Learn More Read USAA Bank Review
	Benefits and Features
Savings	No savings account, but you add up to 20 Reserves
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	100,000+ USAA and USAA-preferred ATMs
Balance Requirement	None
Cash Deposit Fee	N/A
Customer Service	Phone, email, or in-app messaging: Monday - Friday, 9 am - 6 pm EST	Monday to Friday 8:00AM - 7:00PM (ET) Saturday & Sunday 9:30AM - 2:00PM (ET)
Incoming Wire Transfer Fee	$0
Locations	Online only	5 financial centers in Colorado, New York, Maryland, and San Antonio
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
Fees
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: $0 monthly fees Free bank card Cons: Low APY Not available for all
Bottom Line	Fee-free online business checking with lots of good features... Read full review	Savings account with low rate and limited availability... Read full review
	Visit Site	Learn More
	Free Business Checking	9-Month Jumbo CD - 5.00% APY 7-Year CD - 2.02% APY USAA Performance First®
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 04/10/2024. USAA Bank: Pricing information from published website as of 11/25/2023.

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

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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 USAA 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.

In short: Novo's customer service 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.

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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.

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Articles on USAA Bank

USAA Savings Account Interest Rate

Looking to open a savings account with USAA Federal Savings Bank? Read on to learn what rates are being offered.

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USAA High Yield Savings

USAA Bank boasts a savings account with an adequate rate and no fees. But you may not be eligible to get it. Read on to find out.

Which Do You Think is Best?