EverBank Business Checking vs Novo: which one fits your business?
Side-by-side comparison of EverBank Business Checking and Novo — fees, features, ease, support, and which one fits your business. Scored on the same rubric.
Short answer: Novo wins on our scorecard (7.8/10 vs 7.5/10).
| Scored on | EverBank Business Checking | Novo |
|---|---|---|
| Right fit for small biz | 8 | 8 |
| Ease of use | 7 | 9 |
| Fees & pricing | 9 | 9 |
| Customer support | 6 | 5 |
| Features | 7 | 7 |
| Monthly Maintenance Fee | $0 | $0 |
| Minimum Opening Deposit | $1,500 | $0 |
| Outbound Domestic Wire | $25 | — |
| Transactions included | 200 per month | — |
| ATM Fee Rebates | — | Unlimited |
| Incoming Wires | — | $0 |
EverBank Business Checking in one paragraph
A powerhouse for businesses with idle cash who want a zero-fee, high-interest home at a stable national bank.
Skip it if: Skip it if your business handles a high volume of physical cash or you need a bank with a branch in every city.
Novo in one paragraph
Novo is the premier fee-free choice for solopreneurs and digital businesses that value software integrations over physical branch access.
Skip it if: Skip it if your business handles more than $500 in physical cash per month or you need immediate phone-based customer support.
Frequently asked questions
Which is better, EverBank Business Checking or Novo?
On our five-axis scorecard, Novo scores higher (7.8/10 vs 7.5/10). Novo is the premier fee-free choice for solopreneurs and digital businesses that value software integrations over physical branch access.
Who should skip EverBank Business Checking?
Skip it if your business handles a high volume of physical cash or you need a bank with a branch in every city.
Who should skip Novo?
Skip it if your business handles more than $500 in physical cash per month or you need immediate phone-based customer support.