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Lili vs. NOVO Comparison

Compare providers side-by-side, allowing for easy comparison of features, rates, and terms. The comparison tool encourages individuals to thoroughly review all aspects of each service before making a smart financial decision.

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Online Banking

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Online Banking

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Good For
Designed For Small Businesses
Good For
Smart Choice For Business Checking
Account types
  • Business Checking
  • Business Savings
Account types
Pros
  • One-stop shop for all your small business financial needs — banking, accounting and taxes
  • Unlimited fee-free transactions
  • Offers early payment feature with direct deposit
Pros
  • No hidden fees, minimum balance requirements and unlimited ATM refunds
  • Integrations with top tools like Quickbooks, Stripe, Square, Shopify and more
  • Automated budgeting with Novo reserves
Cons
  • cons Out-of-network ATM fees: $2.50 for U.S. ATMs, $5 for international ATMs.
  • cons Mobile only right now (web interface will be live soon)
Cons
  • cons No physical branches, if needed
  • cons Cumbersome to make a cash deposit
  • cons No interest paid on checking account balance
ATM Network
3,800+
ATM Network
Unlimited
Overdraft fees
0
Overdraft fees
$27
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