Novo vs U.S. Bank Silver Business Checking: which one fits your business?
Side-by-side comparison of Novo and U.S. Bank Silver Business 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 6.7/10).
| Scored on | Novo | U.S. Bank Silver Business Checking |
|---|---|---|
| Right fit for small biz | 7 | 7 |
| Ease of use | 8 | 7 |
| Fees & pricing | 9 | 8 |
| Customer support | 5 | 5 |
| Features | 7 | 6 |
| Monthly Fee | $0 | — |
| Minimum Deposit | $0 | — |
| ATM Fee Refunds | Unlimited | — |
| Domestic Wires | Free (Incoming) | — |
| Monthly Maintenance Fee | — | $0 |
| Minimum Opening Deposit | — | $100 |
| Free Transactions per Month | — | 125 |
| Cash Deposit Limit (Free) | — | $2,500 |
| Outbound Domestic Wire | — | $30 (approx) |
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.
U.S. Bank Silver Business Checking in one paragraph
A solid, no-fee 'starter' account for low-volume service businesses that want the security and lending access of a national bank.
Skip it if: You process more than 125 transactions per month or deposit more than $2,500 in physical cash monthly.
Frequently asked questions
Which is better, Novo or U.S. Bank Silver Business Checking?
On our five-axis scorecard, Novo scores higher (7.4/10 vs 6.7/10). 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 U.S. Bank Silver Business Checking?
You process more than 125 transactions per month or deposit more than $2,500 in physical cash monthly.