Side-by-side comparison
Novo Business Checking vs Relay Business Checking comparison on Luminxo. Compare fees, features, and transaction limits to find the right business bank account.
Novo · Business Checking
Novo is a free business checking platform with a powerful app store of integrations. Designed for small businesses, freelancers, and entrepreneurs who want modern banking with no fees.
Best for: Freelancers and e-commerce businesses
Relay · Business Checking
Relay is a no-fee online business banking platform designed for small businesses. It offers up to 20 individual checking accounts for profit-first budgeting and team expense management.
Best for: Small businesses using profit-first method
| Metric | Novo Business Checking | Relay Business Checking |
|---|---|---|
| Monthly Fee | Free | Free |
| Free Transactions | 5000/mo | 5000/mo |
| Min. Opening Deposit | $0 | $0 |
| FDIC Insured | Yes | Yes |
| Integrations | 30+ | 15+ |
| Rating | 4.5/5.0 | 4.5/5.0 |
| Feature | Novo Business Checking | Relay Business Checking |
|---|---|---|
| Mobile App | ✓ | ✓ |
| Mobile Deposit | ✓ | ✓ |
| Cash Deposits | ✗ | ✗ |
| Physical Branches | ✗ | ✗ |
| ACH Transfers | ✓ | ✓ |
| International Wires | ✓ | ✗ |
| Accounting Integrations | ✓ | ✓ |
| Sub-Accounts | ✓ | ✓ |
| Invoicing | ✓ | ✓ |
| Debit Card | ✓ | ✓ |
| Check Writing | ✗ | ✗ |
Best-in-class integration ecosystem with 30+ tools, plus built-in invoicing and reserve budgeting features.
Best for: Freelancers and e-commerce businesses
Up to 20 free checking accounts for budget allocation, plus unlimited free ACH transfers and great QuickBooks integration.
Best for: Small businesses using profit-first method
The biggest tradeoffs are monthly fees, free transactions, and the features included. This page compares those factors directly so you can choose the right fit for your business.
Novo Business Checking has the lowest monthly fee in this comparison at free.
Novo Business Checking has the most features in this comparison with 8 out of 11 tracked features.