Costs & Fees

Metric	nbkc Business Checking	Novo Business Checking
Monthly maintenance	$0 unconditional	$0 unconditional
Fee waiver	N/A — already $0; no balance or activity hoops	N/A — already $0
Transaction fees	Unlimited — no per-item, per-check, or excess transaction fees on published schedule	No excess-item fees on schedule. Operational limits on ACH, RDC, mailed checks, ATM, POS (raisable in-app).
Overdraft/NSF	$0 Overdraft, Returned Item, Insufficient Funds. Bank not obligated to pay overdrafts. No published OD protection program.	$0 Insufficient Funds; $0 Uncollected Funds Returned. No overdraft protection product.
ATM fees	$0 at nbkc, MoneyPass, and Allpoint ATMs. Out-of-network operator surcharge possible; auto rebate up to $12/month.	Novo ATM fee $0. Third-party operator surcharge rebate max $7/customer/month. No branded free network disclosed.
Wire/ACH	Incoming domestic: $0. Outgoing domestic: $5/wire (online, cutoff 3:30 PM CT). Incoming international: $45. Outgoing international: $45 (cutoff 2:00 PM CT). Incoming ACH: $0. Originating ACH credits/debits: $15/mo or $150/yr add-on.	Incoming domestic: $0. Outgoing domestic: up to $45 (online only, eligibility-gated). Incoming intl: $0 Novo-side. Outgoing intl: via Wise (Wise fees apply). Standard ACH in/out: $0.

Interest & Yields

Metric	nbkc Business Checking	Novo Business Checking
Checking APY	None — non-interest-bearing by design	0% — non-interest-bearing (fee schedule Annual Percentage Yield 0%)
Savings APY	Business Money Market: 2.75% APY on all balances from $0.01; $0 monthly fee (as of 2026-09-02). Separate account, not checking APY.	N/A — Reserves earn 0%; same deposit account
FDIC coverage	Standard FDIC $250,000 per depositor per ownership category at nbkc bank	FDIC pass-through at Middlesex Federal Savings, F.A. — $250,000 per depositor per ownership category

Features & Access

Metric	nbkc Business Checking	Novo Business Checking
Branch/ATM network	4 branches (KC metro only). MoneyPass + Allpoint + nbkc ATMs — 90,000+ marketed globally. Cash deposit at deposit-enabled partner ATMs.	No branches. Any ATM for withdrawal only — $7/month rebate cap. No ATM cash deposit.
Mobile app	iOS ~4.4–4.5; Android ~4.2 (~700 reviews)	iOS ~4.8; Android ~4.5–4.6 (secondary 2026 aggregators)
Virtual cards	Not disclosed; multiple physical debit cards allowed	Virtual debit included. Fine-grained merchant locks not documented.
Opening deposit	$0	$0 ($1,000 recommended)
Eligibility	U.S.-located/registered entities — corp, LLC, partnership, DBA, sole prop (SSN), nonprofit. Controlling person needs SSN. Foreign businesses not accepted.	U.S. sole prop (incl. DBA), LLC, corp, partnership, 501(c)(3). Trusts not offered. One checking login per EIN.

Pros & Cons

nbkc Business Checking

Pros

• $0 monthly, $0 min, $0 OD/NSF/stop/returned-item on Nov 15, 2024 fee schedule
• Unlimited fee-free cash deposits at eligible MoneyPass/Allpoint ATMs — rare among online business checking
• $0 incoming domestic wires and $5 outbound domestic — cheap vs big-bank business checking
• Direct FDIC member bank (Cert #35014), not fintech + partner-bank stack
• $12/mo out-of-network ATM rebate plus 90,000+ ATM network; optional Business MMA at 2.75% APY

Cons

• Checking earns 0% APY — yield requires separate Business Money Market account
• Originated ACH ($15/mo), scanner RDC ($15/mo), and positive pay ($5/mo) are paid add-ons
• Only 4 branches, all Kansas City metro; no weekend lobby
• International wires $45 in and out; standard $250k FDIC only
• Weekday 7–6 CT support; new-account and ATM-cash holds are operational drag

Novo Business Checking

Pros

• $0 monthly, $0 minimum, $0 NSF/stop-pay/statement/card replace (Feb 2026 schedule)
• Free standard ACH both ways; $0 inbound domestic and foreign wires
• Invoices + up to 20 Reserves in one account
• Stripe/Shopify/Square/QuickBooks/Xero connectors (40+ integrations)
• Virtual + physical debit; $7/month ATM rebate; fast U.S. online open including nonprofits

Cons

• No cash deposits at all
• 0% APY; Reserves earn nothing
• Advertised FDIC $250,000 only — no marketed multi-million sweep
• Outbound wires up to $45 and eligibility-gated; FX via Wise only
• Weekday support; added users get full owner access; freeze/hold complaints recur

Verdict

nbkc Business Checking

nbkc Business Account is a single-tier, non-interest-bearing checking at nbkc bank (FDIC #35014) — a real Kansas-chartered bank, not a BaaS fintech. The Nov 15, 2024 fee schedule prices monthly service, OD, NSF, stop payment, and inactivity at $0 with $0 to open. Standout features are unlimited $0 cash deposits at deposit-enabled MoneyPass/Allpoint ATMs, unlimited items, $0 incoming domestic wires, and $5 outbound domestic. Checking yields 0%; park idle cash in Business MMA at 2.75% APY (Sep 2, 2026). Costs appear only for add-ons: ACH origination ($15/mo), scanner RDC ($15/mo), positive pay ($5/mo), Autobooks ($10/mo). Best for cost-conscious and cash-heavy operators who accept weekday support, 4 KC branches, and standard $250k FDIC.

Novo Business Checking

Novo Business Checking is a single-tier online account from fintech Novo Platform Inc. with deposits at Middlesex Federal Savings, F.A. (FDIC Cert. 28368). Feb 26, 2026 fee schedule: $0 monthly, $0 NSF, $0 standard ACH, $0 inbound wires, 0% APY. Costs appear on Express ACH (1.5%), Express Check Deposit (up to 2%), outbound wires (up to $45 when enabled), and ATM surcharges above $7/month rebate. Up to 20 Reserves inside same 0% account. Strong ecommerce integrations. No cash, no branches, $250k FDIC advertised. Fits indie digital businesses; weak for cash, treasury, international founders, and teams needing permission controls.