Novo vs Tailored Checking: which one fits your business?
Side-by-side comparison of Novo and Tailored Checking — fees, features, ease, support, and which one fits your business. Scored on the same rubric.
Short answer: Novo wins on our scorecard (7.4/10 vs 7.3/10).
| Scored on | Novo | Tailored Checking |
|---|---|---|
| Right fit for small biz | 7 | 8 |
| Ease of use | 8 | 7 |
| Fees & pricing | 9 | 7 |
| Customer support | 5 | 6 |
| Features | 7 | 8 |
| Monthly Fee | $0 | — |
| Minimum Deposit | $0 | — |
| ATM Fee Refunds | Unlimited | — |
| Domestic Wires | Free (Incoming) | — |
| Monthly Maintenance Fee | — | $10 (waived with $5k balance) |
| ATM Fee (In-Network) | — | $0 (MoneyPass/SUM) |
| Incoming Domestic Wire | — | $0 |
| Debit Card Cash Back | — | 1% |
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.
Tailored Checking in one paragraph
A reliable, interest-bearing workhorse for businesses that keep $5,000+ in the bank and want the security of a chartered national bank.
Skip it if: You can't maintain a $5,000 balance or you do 90% of your business in physical cash.
Frequently asked questions
Which is better, Novo or Tailored Checking?
On our five-axis scorecard, Novo scores higher (7.4/10 vs 7.3/10). Novo is a top-tier choice for digital entrepreneurs who want to eliminate fees, provided they don't need to deposit physical cash.
Who should skip Novo?
Skip it if your business handles more than $500 in physical cash per month.
Who should skip Tailored Checking?
You can't maintain a $5,000 balance or you do 90% of your business in physical cash.