Chase Business Complete Banking vs Novo: which one fits your business?
Side-by-side comparison of Chase Business Complete Banking and Novo — fees, features, ease, support, and which one fits your business. Scored on the same rubric.
Short answer: Novo wins on our scorecard (7.4/10 vs 7/10).
| Scored on | Chase Business Complete Banking | Novo |
|---|---|---|
| Right fit for small biz | 9 | 7 |
| Ease of use | 7 | 8 |
| Fees & pricing | 6 | 9 |
| Customer support | 5 | 5 |
| Features | 8 | 7 |
| Monthly Service Fee | $15 (waivable) | — |
| Cash Deposit Limit | $5,000 per month | — |
| Domestic Incoming Wire | $15 ($0 if initiated via digital) | — |
| Domestic Outgoing Wire | $25 - $40 | — |
| Overdraft Fee | $34 per item | — |
| Monthly Fee | — | $0 |
| Minimum Deposit | — | $0 |
| ATM Fee Refunds | — | Unlimited |
| Domestic Wires | — | Free (Incoming) |
Chase Business Complete Banking in one paragraph
A powerhouse all-in-one account for brick-and-mortar businesses that can leverage built-in credit card processing to kill the monthly fee.
Skip it if: You are a solo freelancer who never handles cash and wants a high-interest rate on your operating capital.
Novo in one paragraph
Novo is a top-tier choice for digital entrepreneurs who want to eliminate fees, provided they don't need to deposit physical cash.
Skip it if: Skip it if your business handles more than $500 in physical cash per month.
Frequently asked questions
Which is better, Chase Business Complete Banking or Novo?
On our five-axis scorecard, Novo scores higher (7.4/10 vs 7/10). Novo is a top-tier choice for digital entrepreneurs who want to eliminate fees, provided they don't need to deposit physical cash.
Who should skip Chase Business Complete Banking?
You are a solo freelancer who never handles cash and wants a high-interest rate on your operating capital.
Who should skip Novo?
Skip it if your business handles more than $500 in physical cash per month.