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: Novo wins on our scorecard (7.9/10 vs 7.5/10).
| Scored on | Lili | Novo |
|---|---|---|
| Right fit for small biz | 7 | 7 |
| Ease of use | 9 | 9 |
| Fees & pricing | 7 | 9 |
| Customer support | 6 | 5 |
| Features | 8 | 8 |
| Lili Basic Monthly Fee | $0 | — |
| Lili Smart Monthly Fee | $15 | — |
| Cash Deposit Fee (Green Dot) | Up to $4.95 | — |
| ATM Fee (Out of Network) | $2.50 | — |
| Domestic Wire Fee | Varies by tier | — |
| Monthly Maintenance Fee | — | $0 |
| Minimum Opening Deposit | — | $0 |
| ATM Fee Reimbursements | — | Unlimited |
| Incoming Wires (Domestic/Intl) | — | $0 |
| Insufficient Funds Fee | — | $27 |
Lili in one paragraph
Lili is an excellent 'business-in-a-box' for solopreneurs who want to automate their taxes, provided they are willing to pay for the premium tiers.
Skip it if: You have a large team or frequently deposit more than $5,000 in physical cash per month.
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, Lili or Novo?
On our five-axis scorecard, Novo scores higher (7.9/10 vs 7.5/10). 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 Lili?
You have a large team or frequently deposit more than $5,000 in physical cash per month.
Who should skip Novo?
You run a cash-heavy retail business or need to earn high-yield interest on your primary operating capital.