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: EverBank Business Checking wins on our scorecard (7.5/10 vs 7.4/10).
| Scored on | EverBank Business Checking | Novo |
|---|---|---|
| Right fit for small biz | 8 | 7 |
| Ease of use | 7 | 8 |
| Fees & pricing | 9 | 9 |
| Customer support | 6 | 5 |
| Features | 7 | 7 |
| Monthly maintenance fee | $0 | — |
| Minimum opening deposit | $1,500 | — |
| Free monthly transactions | 200 | — |
| Incoming domestic wires | $0 | — |
| Monthly Fee | — | $0 |
| Minimum Deposit | — | $0 |
| ATM Fee Refunds | — | Unlimited |
| Domestic Wires | — | Free (Incoming) |
EverBank Business Checking in one paragraph
A powerhouse for business owners who want a high-yield, zero-fee account from a 'real' bank rather than a fintech startup.
Skip it if: You handle large amounts of physical cash or need 24/7 phone support.
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, EverBank Business Checking or Novo?
On our five-axis scorecard, EverBank Business Checking scores higher (7.5/10 vs 7.4/10). A powerhouse for business owners who want a high-yield, zero-fee account from a 'real' bank rather than a fintech startup.
Who should skip EverBank Business Checking?
You handle large amounts of physical cash or need 24/7 phone support.
Who should skip Novo?
Skip it if your business handles more than $500 in physical cash per month.