Lili vs Novo: which one fits your business?
Side-by-side comparison of Lili and Novo — fees, features, ease, support, and which one fits your business. Scored on the same rubric.
Short answer: Lili wins on our scorecard (7.5/10 vs 7.4/10).
| Scored on | Lili | Novo |
|---|---|---|
| Right fit for small biz | 7 | 7 |
| Ease of use | 9 | 8 |
| Fees & pricing | 7 | 9 |
| Customer support | 6 | 5 |
| Features | 8 | 7 |
| Lili Basic Monthly Fee | $0 | — |
| Lili Smart Monthly Fee | $25 | — |
| Cash Deposit Fee | Up to $4.95 (Retailer dependent) | — |
| Savings APY | Up to 4.15% | — |
| Monthly Fee | — | $0 |
| Minimum Deposit | — | $0 |
| ATM Fee Refunds | — | Unlimited |
| Domestic Wires | — | Free (Incoming) |
Lili in one paragraph
Lili is a powerhouse for the solo entrepreneur who hates taxes, but its value diminishes quickly once you hire your first employee.
Skip it if: You need to grant account access to a bookkeeper or business partner, as Lili is built for solo users.
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, Lili or Novo?
On our five-axis scorecard, Lili scores higher (7.5/10 vs 7.4/10). Lili is a powerhouse for the solo entrepreneur who hates taxes, but its value diminishes quickly once you hire your first employee.
Who should skip Lili?
You need to grant account access to a bookkeeper or business partner, as Lili is built for solo users.
Who should skip Novo?
Skip it if your business handles more than $500 in physical cash per month.