Snapshot
Revolut Business 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.
Revolut Business figures as of 23 June 2026Novo figures as of 23 June 2026Last reviewed 23 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.
Revolut Business and Novo serve different needs. Revolut Business is a multi currency account built for companies that send, receive and exchange money across currencies, available in the United States, the United Kingdom, the European Economic Area and selected markets. Novo is a no monthly fee United States business checking account aimed at small businesses, freelancers and sole proprietors, with invoicing and integrations but no cash deposits and a domestic dollar focus. Use the comparison below to weigh account type, fees and eligibility against how your business operates, then confirm the latest terms with each provider. Figures are shown as of 23 June 2026 for both providers.
Revolut Business vs Novo at a glance
| Feature | Revolut Business | Novo |
|---|---|---|
| Account type | Business account from Revolut, a financial technology company and not a bank, offering multi currency accounts, cards, expense tools and payments. In the United States, banking services are provided through a partner bank that is a member of the FDIC. | Business checking account. Novo is a financial technology company and not a bank, and deposit services are provided through a partner bank that is a member of the FDIC. |
| Who it suits | Businesses that move money across currencies and want cards, multi currency accounts and FX in one place, including companies registered in the United States. | United States small businesses, freelancers and sole proprietors that want a no monthly fee checking account with invoicing and integrations. |
| Monthly fee | Tiered plans. In the United States the entry Basic plan is about 10 US dollars per month, with Grow, Scale and Enterprise priced higher. Confirm current pricing with the provider. As of 23 June 2026. | No monthly fee and no minimum balance requirement. As of 23 June 2026. |
| Transaction fees | Each plan includes a set allowance of free local and international transfers, then per item fees apply. Card and other service fees follow the published schedule. As of 23 June 2026. | No fee for incoming or outgoing ACH transfers and no incoming wire fee, with unlimited transactions. Cash deposits are not supported. A 27 US dollar charge applies for insufficient funds and for uncollected funds returned. As of 23 June 2026. |
| FX fees | Currency exchange at interbank rates up to a monthly allowance set by plan, then a fair usage fee applies. Allowances rise on higher plans. As of 23 June 2026. | A domestic United States dollar account. Confirm any international payment options and related fees with the provider. As of 23 June 2026. |
| Interest | Revolut Business offers savings and yield options on some plans and markets. Confirm current rates and availability with the provider. As of 23 June 2026. | Novo does not market a standard interest rate on checking balances. Confirm current terms with the provider. As of 23 June 2026. |
| Multi currency | Yes. Hold, receive and exchange multiple currencies and issue cards in several currencies. As of 23 June 2026. | Not a multi currency account. This is a United States dollar checking account. As of 23 June 2026. |
| Integrations | Connects with accounting tools such as QuickBooks, Xero and FreeAgent, with expense management and bill pay. Confirm current integrations with the provider. | Connects with tools such as QuickBooks, Xero, Stripe, Square and Shopify, with built in invoicing. Confirm current integrations with the provider. |
| Eligibility | Open to businesses incorporated and operating in an eligible country, including the United States, the United Kingdom and the European Economic Area. Companies in many other regions are not eligible. As of 23 June 2026. | Open to United States based businesses whose owner is at least eighteen and a United States citizen or resident. Sole proprietorships, partnerships, LLCs and corporations are supported. As of 23 June 2026. |
| Broadly available in | United Kingdom, European Economic Area, United States and selected other markets. | United States only. |
Use the table to weigh the differences. Revolut Business leans toward cross border and multi currency operations, while Novo focuses on simple domestic United States checking with no monthly fee. Match those to how your business moves money, then confirm the latest fees and eligibility with each provider.
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Both providers accept business customers in the United States. Fees and eligibility shown as of 23 June 2026 for Revolut Business and Novo. Confirm current terms with the provider before applying.
Visit Revolut Business → Visit Novo →Questions about Revolut Business and Novo
Which is better for my business, Revolut Business or Novo?
It depends on your needs. The table on this page compares Revolut Business and Novo on account type, fees, currency support, eligibility and availability using each provider's published terms. Revolut Business suits companies that work across currencies, while Novo suits United States businesses that want simple domestic checking with no monthly fee. Weigh those against how your business operates, then confirm current terms with each provider. This is information, not advice.
Can I open both Revolut Business and Novo?
Often yes, subject to each provider's eligibility rules. Some United States businesses keep a domestic checking account such as Novo alongside a multi currency account such as Revolut Business for international payments. Check eligibility with each provider before applying.
Are the fees on this page current?
Each figure is shown with the date it was recorded. Revolut Business and Novo figures are shown as of 23 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 23 June 2026. Confirm current terms with each provider before applying.