Snapshot
Lili and Novo compared on the points that usually decide a business account: account type, monthly fee, currency support, eligibility and where each one is available.
Lili figures as of 18 June 2026Novo figures as of 12 June 2026Last reviewed 25 June 2026
General information, not financial, legal, or tax advice. There is no single best account. The right fit depends on your business. Verify current terms and eligibility with each provider before applying.
Lili and Novo suit different businesses. Use the comparison below to weigh account type, fees, currency support and eligibility against how your company operates, then confirm the latest terms with each provider. Figures are shown as of 18 June 2026 for Lili and 12 June 2026 for Novo.
Lili vs Novo at a glance
| Feature | Lili | Novo |
|---|---|---|
| Account type | Business banking services provided through a partner bank. Lili is a financial technology company, not a bank. | Online business checking account |
| Who it suits | United States small businesses, freelancers, and sole proprietors who want a no monthly fee account with built in bookkeeping and tax tools. | United States based sole proprietors, LLCs, partnerships and corporations, especially small businesses and freelancers that want a free online checking account. |
| Monthly fee | Lili Core: 0 US dollars. Lili Pro: 15 US dollars a month. Lili Smart: 35 US dollars a month. Lili Premium: 55 US dollars a month. An introductory discount may apply for the first three months. As of 18 June 2026. | No monthly fee (as of 12 June 2026). |
| Transaction fees | The Core plan lists no monthly fees, no overdraft fees, and no fees at MoneyPass ATMs. There is no foreign transaction fee on card purchases made outside the United States. Verify current terms with Lili. As of 18 June 2026. | No transaction fees and no incoming wire fees. A 27 US dollar insufficient funds fee and a 27 US dollar uncollected funds returned fee apply (as of 12 June 2026). |
| FX fees | No foreign transaction fee is listed on card purchases made outside the United States, as of 18 June 2026. Verify current terms with Lili. | Primarily a US dollar account. International features are limited. Verify current terms with the provider. |
| Minimum deposit | No minimum opening deposit is published. Verify with Lili. | 50 US dollars to open, then no minimum balance (as of 12 June 2026). |
| Multi currency | Lili is a United States dollar account and is not a multi currency account. As of 18 June 2026. Verify with Lili. | No. It is a US dollar checking account, not a multi currency account. |
| Integrations | Built in invoicing, expense management, and tax tools, with accounting exports. Verify current integrations with Lili. | Invoicing tools and integrations with common business and payment apps. |
| Eligibility | United States businesses including limited liability companies, corporations, partnerships, sole proprietors, and non profits. Some non resident founders can open a United States account. Verify eligibility with Lili. | United States based sole proprietorships, partnerships, LLCs and corporations. Some industries are not accepted. Confirm details with the provider. |
| Broadly available in | United States. Lili also offers United States business accounts to some non resident founders. Verify eligibility with Lili. As of 18 June 2026. | United States only. |
Use the table to weigh the differences. Lili and Novo tend to differ most on account type and currency support, so match those to how your business moves money, then confirm the latest fees and eligibility with each provider.
Open a business account
Both providers accept business customers in their supported markets. Fees and eligibility shown as of 18 June 2026 for Lili and 12 June 2026 for Novo. Confirm current terms with the provider before applying.
Visit Lili → Visit Novo →Questions about Lili and Novo
Which is better for my business, Lili or Novo?
It depends on your needs. The table on this page compares Lili and Novo on account type, fees, currency support, eligibility and availability using each provider's published terms. Weigh those against how your business operates, then confirm current terms with each provider. This is information, not advice.
Can I open both Lili and Novo?
Often yes, subject to each provider's eligibility rules. Some businesses keep more than one account, for example one for everyday banking and another for currency conversion. Check eligibility with each provider before applying.
Are the fees on this page current?
Each figure is shown with the date it was recorded. Lili figures are shown as of 18 June 2026 and Novo figures as of 12 June 2026. Fees and eligibility change, so confirm current terms with each provider before you apply.
Fees, features, and eligibility change and vary by region. This page was last reviewed on 25 June 2026. Confirm current terms with each provider before applying.