Axos Business vs Novo: Pricing and Ratings Compared (2026)
Entry prices and free plans as read on each vendor's pricing page, and user ratings as published on review sites, for Axos Business and Novo side by side. This page compares data; it is not a hands-on review.
On the data: On the data below, Axos Business leads on higher user rating; Novo leads on a free plan. We do not name an overall winner for this pair.
Short on time? Here's the quick answer
Based on published vendor pricing and features and on public review data, here's who should pick what:
Axos Business
Reimagine your business banking with digital-first solutions, competitive rates, and transparent pricing.
Best for you if:
- • You want low to no monthly maintenance fees on certain accounts
Novo
Smarter online business banking solutions for small businesses and self-employed entrepreneurs.
Best for you if:
- • You want a free tier before you commit
| At a Glance | Axos Business | Novo |
|---|---|---|
Starts at | Not published | Free plan |
Category | Finance Payment Processing | Finance Invoicing |
Rating | 4.2/5 Trustpilot 4.2 · SourceForge 4.3 1,520 reviews | 4.0/5 Trustpilot 4.2 · G2 3.5 4,812 reviews |
Free plan | No | Yes |
Choose Axos Business or Novo?
Choose Axos Business if
- You want low to no monthly maintenance fees on certain accounts
- You want high-yield savings options
Choose Novo if
- You want a free tier before you commit
- You want business banking for small businesses
- You want no hidden fees approach
In-Depth Analysis
Axos Business
Reimagine your business banking with digital-first solutions, competitive rates, and transparent pricing.
Strengths
- Pro: Low to no monthly maintenance fees on certain accounts
- Pro: High-yield savings options
- Pro: Comprehensive suite of business services beyond just accounts
- Pro: 100% online banking with a robust mobile app
- Pro: Expanded FDIC insurance availability
Weaknesses
- Con: Requires maintaining a certain balance for welcome bonuses
- Con: Specific APY rates and bonus offers are time-sensitive
Key features
Novo
Smarter online business banking solutions for small businesses and self-employed entrepreneurs.
Novo's pricing is exceptionally generous, offering a completely free tier with no monthly fees or minimum balance requirements.
Strengths
- Pro: Business banking for small businesses
- Pro: No hidden fees approach
- Pro: Integrates with business tools
- Pro: Easy account setup
- Pro: Mobile-first banking
Weaknesses
- Con: Limited to US businesses
- Con: No physical branch locations
- Con: Feature set still evolving
- Con: Deposit and transfer limits
- Con: May not suit all business needs
Key features
Plans and prices: Axos Business vs Novo
| Tool | Plans and prices | Source |
|---|---|---|
| Axos Business | No plan prices on file | axosbank.com/business |
| Novo |
| novo.co read Oct 3, 2026 |
Prices as read on each vendor's own pricing page on the date shown. Plans are listed per tool and are not matched against the other tool's plans: a plan name or price in one column says nothing about the same row in the other. Details on Axos Business pricing and Novo pricing.
Key Takeaways
Axos Business
- Higher user rating: 4.2/5 vs 4.0/5
Novo
- Has a free plan
What the data shows
On the data below, Axos Business leads on higher user rating; Novo leads on a free plan. We do not name an overall winner for this pair.
- Axos Business has the higher user rating (4.2/5 from 1,520 reviews for Axos Business, 4.0/5 from 4,812 reviews for Novo).
- Only Novo has a free plan.
Criteria: user rating (only above 20 reviews on both sides, gap of 0.2 or more), entry price (only on the same billing basis), free plan. How we rate
Frequently Asked Questions
How do Axos Business and Novo compare in 2026?
On the data below, Axos Business leads on higher user rating; Novo leads on a free plan. We do not name an overall winner for this pair. Axos Business has the higher user rating (4.2/5 from 1,520 reviews for Axos Business, 4.0/5 from 4,812 reviews for Novo). Only Novo has a free plan.
What are Axos Business and Novo used for?
Axos Business: Reimagine your business banking with digital-first solutions, competitive rates, and transparent pricing. Novo: Smarter online business banking solutions for small businesses and self-employed entrepreneurs.
What does Axos Business cost vs Novo?
Axos Business has no public paid-plan price on file. Novo has no public paid-plan price on file. Prices read on the vendors' pricing pages, latest check Oct 3, 2026.
What's the main difference between Axos Business and Novo?
Axos Business's main strength: low to no monthly maintenance fees on certain accounts. Novo's main strength: business banking for small businesses.