Novo vs Bank of America Business Advantage

Two banking tools side by side. Prices are the starting plan a small business would pick, in USD.

Compare	NovoNovo	Bank of America Business AdvantageBank of America
In one line	Free online business checking with ATM fee refunds	Branch checking with the first year free
Starting price	Free	From $16/mo
Six-person team	$0/mo	$16/mo
Plans	No monthly fee; no minimum balance; ATM fees refunded up to $7/mo	Fundamentals: $0 for 12 months, then $16/mo unless you keep a $5,000 combined average balance, spend $500/mo on the debit card, or join Preferred Rewards; Relationship: $29.95/mo or $0 with waivers
Pricing model	Free	Paid
Free trial	—	—
Users	Account owner plus cards	Unlimited
Both connect to	QuickBooks Online, Xero
Also connects to	FreshBooks	No others on record
Team size	Just me · 2–10 people	Just me · 2–10 people · 11–50 people
Available in	US	US
Phone support	None listed	Plans not stated
Live chat	Every plan	None listed
Support hours	Not published	Phone: Mon–Fri 7 a.m.–11 p.m. ET; Sat 8 a.m.–8 p.m. ET
Incidents posted	We found no public status page for Novo.	We found no public status page for Bank of America.
Trustpilot score	4.0 / 5 from 4,873 reviews	Not listed
Fit: Retail shop	55	82
Fit: Restaurant or café	45	80
Fit: Service business	85	72
Fit: Agency or studio	85	55
Fit: Trades or contractor	70	75
Fit: Online store	82	50
Why people pick it	No fees or minimums Good app integrations	First year free Large branch network
Where it falls short	Awkward for cash deposits No branches	$16 fee after a year unless waived Low interest
	Visit Novo ↗	Visit Bank of America Business Advantage ↗

Six-person prices are what a team of six would pay on the published plans; "Not listed" means those plans don't cover six. How we calculate prices