Relay vs Novo
Relay is an one of the best online business banking accounts for large teams . How does it compare to Novo? Read our comparison chart below.
Relay lets you open up to 20 individual business checking accounts and 50 debit cards at no extra charge. There's also free cash deposits and free mailed checks through the app. There's no monthly fee.
While Novo offers all-in-one banking for digital businesses. It includes up to 10 Reserves, free unlimited invoicing, and over a thousand business app integrations. But there's no cash deposits. There is no monthly fee.
Compare Relay with Novo, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
 |  | |
 | | |
Relay | Novo | |
|---|---|---|
No-Fee Business Checking - | Free Business Checking - | |
Benefits and Features | ||
| Savings | No savings account, but you add up to 10 Reserves | |
| Checking | Up to 20 individual business checking accounts; no monthly fees; no overdraft fees | No monthly fees; no balance requirements |
| APY | ||
| Customer Service | Phone: Monday - Friday, 9 am - 5 pm ET; Email: Everyday | Phone, email, or in-app messaging: Monday - Friday, 9 am - 6 pm EST |
| Minimum Deposit to Open | $50 to access all Novo's features | |
| ACH Transfer Fee | ||
| ATMs | Unlimited reimbursement of all ATM fees worldwide | |
| Balance Requirement | ||
| Cash Deposit Fee | $0 for cash deposits at Allpoint ATMs | |
| Incoming Wire Transfer Fee | ||
| Locations | ||
| Out of Network ATM Fee | ||
| Outgoing Wire Transfer Fee | $5 for domestic; $10 for international | |
| Overdraft Fee | ||
| Monthly Fee | ||
CreditDonkey® Reviews | ||
| | |
| Checking |  |  |
| Customer Service | | |
| Mobile App |  | |
| Fees | | |
| Savings | | |
| Pros & Cons | Pros:
| Pros:
|
| Bottom Line | One of the best online business banking accounts for large teams... | Fee-free online business checking with lots of good features... |
| | |
No-Fee Business Checking
- $0 monthly service fee
- $0 minimum opening deposit
- Open up to 20 individual business checking accounts
- Issue up to 50 Visa® debit cards to your team
Free Business Checking
- $0 monthly service fee
- $50 deposit to unlock all features
- Unlimited ATM fee rebates
Free Business Checking
- $0 monthly service fee
- Unlimited ATM fee rebates
- Free ACHs, incoming wires, and mailed checks
- Up to 10 Reserves to manage multiple budgets
- Thousands of app integrations
Which is Better: Relay or Novo?
Still need help deciding which bank reviews & deals is better? Read the in-depth reviews below. You may also be interested in comparing Relay or Chase.
In short: Relay's checking is excellent.
Articles on Relay
Relay Financial Review
Relay Financial offers online banking services for businesses. Yes, it is free. But, is it the right platform for you? Find out.
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.
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.
Which Do You Think is Best?
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