Wells Fargo vs Novo

	Wells Fargo	Novo
	Member FDIC
	Learn More	Visit Site
	SPECIAL OFFER Everyday Checking Account - $325 Bonus Read Wells Fargo Review	SPECIAL OFFER Free Business Checking - Learn More Read Novo Review
	Benefits and Features
Savings	0.01% APY. Minimum opening deposit of $25. Monthly service fee of $5, unless you maintain a minimum daily balance of $300, make 1 automatic transfer each fee period of $25 or more from a linked Wells Fargo checking account, make 1 automatic transfer each business day within the fee period of $1 or more from a linked Wells Fargo checking account, make 1 or more Save As You Go® transfers from a linked Wells Fargo checking account, or primary account owner is 24 years old or under.	No savings account, but you add up to 20 Reserves
CD	Standard Fixed Term CD available online: 0.05% to 1.50% APY. Terms of 3 months to 1 year. Minimum deposit of $2,500. Relationship APY: 0.06% to 1.51% APY when you link a Wells Fargo Prime Checking, Premier Checking, or Private Bank Interest Checking account to the CD. More CD terms are available in branch.
Checking	Clear Access Banking, Everyday Checking, Prime Checking, Premier Checking	No monthly fees; no balance requirements
Monthly Fee		$0
APY		N/A
Minimum Deposit to Open		$50 to access all Novo's features
Mobile App	iOS & Android
ACH Transfer Fee		$0
ATMs	11,000+ ATMs across the country	up to $7 per month reimbursement of ATM fees worldwide
Balance Requirement		None
Cash Deposit Fee		N/A
Customer Service	Available 24 hours a day, 7 days a week.	Phone, email, or in-app messaging: Monday - Friday, 9 am - 6 pm EST
Incoming Wire Transfer Fee		$0
IRA CD	Standard Term CD: 0.01% to 2.25% APY. Terms of 1 month to 144 months. Minimum deposit of $1,000. Relationship APY: 0.02% to 2.27% APY when you link a Wells Fargo Prime Checking, Premier Checking, or Private Bank Interest Checking account to the CD.
Locations	approximately 4,100 retail banking branches coast to coast	Online only
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
Pros & Cons		Pros: No monthly fees ATM refunds up to $7 per month Lots of software integrations Cons: No cash deposits No interest-bearing accounts
Bottom Line	Read full review	Fee-free online business checking with lots of good features... Read full review
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		Free Business Checking
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Wells Fargo: Pricing information from the published website as of 05/06/2026 is based on the 91101 zip code. Novo: Pricing information from published website as of 05/07/2026.

Articles on Wells Fargo

Wells Fargo Bank Review

Wells Fargo offers nationwide access with thousands of ATMs and branch locations. But are their checkings and savings accounts right for you? Read on to see the best options.