Compare Novo and Wise

Compare Novo vs Wise to make an informed decision for your financial needs. Whether you're interested in mobile banking, unique features, or specific benefits, this comparison will help you navigate some of the differences between Novo and Wise.

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Novo Novo
Wise Wise

How do Novo and Wise compare?

Novo and Wise Business are two mobile banking options that cater to the needs of modern businesses, each with its own unique set of features and benefits. Novo is designed specifically for small businesses and startups, offering a no-fee banking experience that is both straightforward and efficient. It integrates seamlessly with a range of popular business tools such as QuickBooks, Stripe, and Shopify, which simplifies financial management for entrepreneurs. The Novo app is user-friendly, providing functionalities like instant transaction notifications, easy money transfers, and mobile check deposits. With free ACH transfers, mailed checks, and access to a wide network of ATMs, Novo ensures that managing business finances is convenient and hassle-free.

Wise Business, formerly known as TransferWise, is renowned for its ability to handle international transactions with ease. It offers a powerful solution for businesses that operate globally or deal with foreign clients and suppliers. Wise Business stands out with its low-cost international money transfers, allowing users to send and receive money in multiple currencies at real exchange rates with minimal fees. The platform supports holding and managing balances in various currencies, making it ideal for businesses with a global reach. Additionally, Wise Business provides local bank details for multiple regions, enabling businesses to receive payments as if they had a local bank account in those countries.

While both Novo and Wise Business provide valuable banking services, they cater to different business needs. Novo is ideal for small businesses and startups looking for a cost-effective, integrated banking solution within the domestic market. Its strong integration with business tools and no-fee structure make it perfect for managing everyday business finances without worrying about hidden costs. On the other hand, Wise Business is better suited for companies engaged in international operations. Its ability to offer low-cost, real-exchange-rate international transfers and support for multiple currencies makes it an indispensable tool for businesses with a global presence.

In summary, the choice between Novo and Wise Business depends on the specific needs of the business. Novo excels in providing a cost-efficient and integrated banking experience for domestic operations, while Wise Business shines in facilitating low-cost, efficient international transactions and managing multi-currency accounts. Both platforms offer distinct advantages, making them valuable tools for different aspects of business finance.

Neolista Score

4.6

Novo has a Neolista score of 4.6 out of 5.

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Trustpilot

Novo has a Trustpilot rating of 4.4 out of 5, based on 4,188 reviews.

App Store

Novo has an Apple App Store rating of 4.8 out of 5, based on 13,578 reviews.

Play Store

Novo has a Google Play Store rating of 4.6 out of 5, based on 5,267 reviews.

Neolista Score

4.4

Wise has a Neolista score of 4.4 out of 5.

Go to Wise

Trustpilot

Wise has a Trustpilot rating of 4.3 out of 5, based on 229,825 reviews.

App Store

Wise has an Apple App Store rating of 4.7 out of 5, based on 74,511 reviews.

Play Store

Wise has a Google Play Store rating of 4.8 out of 5, based on 979,365 reviews.

Novo is great for businesses

Novo is only available for business customers.

Go to Novo

Wise is great for everyone

Wise is available for both personal and business customers.

Go to Wise

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