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 (7.9/10 vs 7/10).
| Scored on | Chase Business Complete Banking | Novo |
|---|---|---|
| Right fit for small biz | 9 | 7 |
| Ease of use | 7 | 9 |
| Fees & pricing | 6 | 9 |
| Customer support | 5 | 5 |
| Features | 8 | 8 |
| 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 Maintenance Fee | — | $0 |
| Minimum Opening Deposit | — | $0 |
| ATM Fee Reimbursements | — | Unlimited |
| Incoming Wires (Domestic/Intl) | — | $0 |
| Insufficient Funds Fee | — | $27 |
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 the premier 'administrative' bank for solo digital entrepreneurs who want to automate invoicing and kill monthly fees, provided they don't need to deposit physical cash.
Skip it if: You run a cash-heavy retail business or need to earn high-yield interest on your primary operating capital.
Frequently asked questions
Which is better, Chase Business Complete Banking or Novo?
On our five-axis scorecard, Novo scores higher (7.9/10 vs 7/10). Novo is the premier 'administrative' bank for solo digital entrepreneurs who want to automate invoicing and kill monthly 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?
You run a cash-heavy retail business or need to earn high-yield interest on your primary operating capital.