Novo vs Wise Business

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

Compare	NovoNovo	Wise BusinessWise
In one line	Free online business checking with ATM fee refunds	Multi-currency account for paying and getting paid abroad
Starting price	Free	$31 one-time setup
Six-person team	$0/mo	$31 one-time setup
Plans	No monthly fee; no minimum balance; ATM fees refunded up to $7/mo	$31 one-time setup fee; no monthly fee; conversion fees vary by currency; ATM withdrawals free up to $250/mo, then $1.95 + 1.95%; volume discount over $25,000/mo
Pricing model	Free	Paid
Free trial	—	—
Users	Account owner plus cards	Multiple
Both connect to	QuickBooks Online, Xero
Also connects to	FreshBooks	Wave, Zoho Books
Team size	Just me · 2–10 people	Just me · 2–10 people · 11–50 people
Available in	US	US · UK · CA · AU
Phone support	None listed	Every plan (US)
Live chat	Every plan	Not looked up yet
Support hours	Not published	Phone: 24/7
Incidents posted	We found no public status page for Novo.	5 incidents posted on Wise's status page, which covers all Wise products and regions, in the 90 days to Oct 27, 2026; 1 marked major or critical by Wise. Status page
Capterra score	Not listed	3.7 / 5 from 91 reviews
Trustpilot score	4.0 / 5 from 4,873 reviews	Not listed
Fit: Retail shop	55	25
Fit: Restaurant or café	45	15
Fit: Service business	85	45
Fit: Agency or studio	85	65
Fit: Trades or contractor	70	20
Fit: Online store	82	65
Why people pick it	No fees or minimums Good app integrations	Mid-market exchange rate Local account details abroad
Where it falls short	Awkward for cash deposits No branches	Not a full US bank account; pair it with one Fees on every conversion
	Visit Novo ↗	Visit Wise Business ↗

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