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.
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Relay | Novo | |
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No-Fee Business Checking - | Free Business Checking - | |
Benefits and Features | ||
Savings | No savings account, but you add up to 5 Reserves | |
Checking | No monthly fees; no balance requirements; 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 | ||
Incoming Wire Transfer Fee | ||
Locations | ||
Out of Network ATM Fee | ||
Outgoing Wire Transfer Fee | ||
Overdraft Fee | ||
Monthly Fee | ||
CreditDonkey® Reviews | ||
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Checking | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Customer Service | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Mobile App | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Fees | ![]() ![]() ![]() ![]() ![]() | |
Savings | ![]() ![]() ![]() ![]() ![]() | |
Pros & Cons | Pros:
| Pros:
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Bottom Line | One of the best online business banking accounts for large teams... | Fee-free online business checking with lots of good features... |
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No-Fee Business Checking
- $0 monthly service fee
- $0 minimum opening deposit
- Open up to 20 individual business checking accounts
- Issue up to 50 Mastercard® debit cards to your team
Free Business Checking
- $0 monthly service fee
- $50 deposit to unlock all features
- Unlimited ATM fee rebates
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.