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	Novo
	SPECIAL OFFER No-Fee Business Checking - Learn More Read Relay Review	SPECIAL OFFER Free Business Checking - Learn More Read Novo Review
	Benefits and Features
Savings	No savings features	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	N/A	N/A
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	$0	$50 to access all Novo's features
ACH Transfer Fee		$0
ATMs	32,000+ AllPoint ATMs	Unlimited reimbursement of all ATM fees worldwide
Balance Requirement	None	None
Cash Deposit Fee		N/A
Incoming Wire Transfer Fee		$0
Locations	Online only	Online only
Out of Network ATM Fee		Unlimited ATM fee rebates
Outgoing Wire Transfer Fee		N/A
Overdraft Fee		$27
Monthly Fee		$0
	CreditDonkey® Reviews
Checking
Customer Service
Mobile App
Fees
Savings
Pros & Cons	Pros: Up to 20 checking accounts Up to 50 debit cards $0 monthly fee Cons: No cash deposits No paper checks	Pros: No monthly fees Unlimited ATM refunds Lots of software integrations Cons: No cash deposits Can't send wires
Bottom Line	One of the best online business banking accounts for large teams... Read full review	Fee-free online business checking with lots of good features... Read full review
	No-Fee Business Checking	Free Business Checking
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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

Banking services provided by Evolve Bank & Trust; Member FDIC.

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Free Business Checking

• $0 monthly service fee
• $50 deposit to unlock all features
• Unlimited ATM fee rebates

Banking services provided by Middlesex Federal Savings F.A., Member FDIC

Learn More

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 Bank provides digital banking services for entrepreneurs and small businesses. Explore Novo's features, business perks, and fees in this review.

• Novo vs Bluevine
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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.

• Novo vs Axos Bank

Which Do You Think is Best?

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