TD Bank vs Novo
TD Bank is an east Coast bank with relatively low minimum balance requirements. How does it compare to Novo? Read our comparison chart below.
TD Bank has over 1,100 locations on the East Coast. Known as "America's most convenient bank," it offers extended banking hours and 24/7 customer service by phone. Monthly service fees can be waived with somewhat low minimum balance requirements.
While 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.
Compare TD Bank with Novo, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
 | ||
| Learn More | Visit Site | |
TD Bank | Novo | |
|---|---|---|
TD $300 Beyond Checking Bonus - | Free Business Checking - | |
Benefits and Features | ||
| Savings | 0.02% APY. No minimum deposit. $5.00 monthly fee waived if 1) minimum $300 balance or 2) waived for the first 12 months if with recurring transfer of $25 or more from a TD Bank account or if you're under 18 or 62 and older. | No savings account, but you add up to 20 Reserves |
| CD | 1.00% APY (up to 5.00% for Bump Rate APY). Terms of 6 to 18 months. Minimum deposit of $250. Allows one penalty-free withdrawal (depending on account). | |
| Checking | TD Complete Checking, TD Beyond Checking, TD Essential Banking | No monthly fees; no balance requirements |
| Monthly Fee | ||
| APY | ||
| Minimum Deposit to Open | $50 to access all Novo's features | |
| Mobile App | ||
| ACH Transfer Fee | ||
| ATMs | 2,600 ATMs throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida | Up to $7 per month reimbursement of ATM fees worldwide |
| Balance Requirement | ||
| Cash Deposit Fee | ||
| Customer Service | 24/7 Live Customer Service (Telephone) | Phone, email, or in-app messaging: Monday - Friday, 9 am - 6 pm EST |
| Incoming Wire Transfer Fee | ||
| IRA CD | 1.00% APY (up to 5.00% for Bump Rate APY). Terms of 3 months to 5 years. Minimum deposit of $250. Additional contributions and penalty-free withdrawal available (depending on account). | |
| Locations | ||
| Out of Network ATM Fee | Up to $7 per month ATM fee reimbursement | |
| Outgoing Wire Transfer Fee | ||
| Overdraft Fee | ||
CreditDonkey® Reviews | ||
| ||
| Savings |   | |
| CD |  | |
| Checking | | |
| Money Market | | |
| Mobile App | | |
| Customer Service | | |
| Pros & Cons | Pros:
| Pros:
|
| Bottom Line | East Coast bank with relatively low minimum balance requirements... | Fee-free online business checking with lots of good features... |
| Learn More | Visit Site | |
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. TD Bank: Pricing information from published website as of 03/15/2024 based on 08034 zip code. Novo: Pricing information from published website as of 04/10/2024. | ||
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
Which is Better: TD Bank 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 TD Bank or Chase.
In short: TD Bank's customer service is outstanding.
Articles on TD Bank
TD Bank Reviews
TD Beyond Checking Bonus
TD Bank Hours
TD Bank Open Account
TD Routing Number
Articles on Novo
Novo Review
Is Novo Legit
Which Do You Think is Best?
You Might Also Like
