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Aspire Business Account vs Novo Business Account
Aspire helps businesses manage payments, spending, and multi-currency* finances from a single digital platform. Novo is a fintech platform combining business accounts through partner banks with invoicing, payments, and bookkeeping tools built for small businesses. Here's how they compare.
About Aspire
Aspire Business Account provides multi-currency capabilities and zero monthly fees, which operates in the United States and internationally.
About Novo
Novo provides a Business Checking Account with integrations for accounting and payments, which operates in the United States
Aspire vs Novo
Here's a side-by-side comparison of both accounts to highlight key differences and help you choose the best business account for your needs.
| | |
|---|---|---|
| Business account | ||
| Account type | business account with banking services through partner banks (Member FDIC) | Business checking account issued directly by an FDIC-insured bank (FDIC-Insured via Partner Banks) |
| Multi-currency* wallets | Supports USD and 12+ additional currencies | USD only; does not support outgoing wire transfers, but incoming international wires are free |
| Local account details (ACH/Wires) | Supports ACH transfers, wire transfers, check payments, and real-time payments | Supports ACH transfers, domestic and international wire transfers (SWIFT), and check payments |
| Invoicing | Built-in invoicing | Built-in invoicing |
| Expense management | Built-in expense management | Built-in expense management |
| Integrations and ecosystem | ||
| Accounting software integrations | Integrates with Xero, QuickBooks, NetSuite, Zoho Books, Osome, and other business platforms | Integrates with QuickBooks, Xero, and Wave |
| ERP Integration | Native ERP integrations via Aspire Connect | Not offered |
| E-commerce integration | Integrates with Amazon, Shopify, eBay, Temu, and other e-commerce platforms | Integrates with major e-commerce and P2P payment platforms (Shopify, Amazon, eBay, Etsy, PayPal, Venmo, Cash App, WooCommerce) |
| Integration with third-party apps | Integrates with Xero, PayPal, and Stripe | Integrates with Stripe, Shopify, and Xero |
| Pricing and fees | ||
| Monthly fee | Free | Free |
| Account setup fee | Free | Free |
| Domestic transfer fee | ACH, wire, check & real-time payments: Free; SWIFT: USD $5–$15 (fee varies by corridor) | ACH: free; outgoing domestic wire: up to USD $30; outgoing express ACH: 1.5% of transaction value |
| International transfer fee | Receive SWIFT: free Send SWIFT: USD5 (SHA) and USD15 (OUR) | Free |
| FX markup | From ~0.22% FX fee | FX rates not publicly disclosed |
| Receiving payments fee | Free | Free |
| Minimum balance | Free | Free |
| Global coverage | ||
| Supported currencies | USD + 12+ currencies (hold); 98+ currencies (transactions) | USD only; 50+ currencies for transfer through Wise |
| Countries served | Available in the US, Singapore, Hong Kong, India, and Australia | US only; available to US businesses |
| Support | ||
| Customer support | 24/7 dedicated account manager, phone support, and email support | Phone, email, and live chat support |
Business account
Integrations and ecosystem
Pricing and fees
Global coverage
Support*Fees may vary, Comparison as of July 2026
Trusted by 50,000+ modern businesses
4.5 rating
3 reasons why Aspire is better
Aspire is built to be your primary business account, helping you save more, earn more, and move faster in your day-to-day operations. Here's how Aspire stands out.
Native multi-currency account
While Novo routes international transfers through an integration, Aspire Business Account holds 13 currencies and send money in over 98 currencies. That's the difference.
Faster payments without prices
Aspire Business Account supports ACH, wire, check, and real-time payments with no extra cost on standard transfers. For founders who move money often, Aspire Business Account's pricing structure is the deal.
Integrations that keep finance connected
Aspire Business Account connects natively with Xero and QuickBooks, keeping your accounting and payments in sync without manual exports.
Disclaimer: This comparison page was researched and written in Q2 2026 using information available from providers' official websites and other publicly available sources at the time of writing. Features, pricing, eligibility, and terms may change over time. This content is provided for general informational purposes only and should not be considered financial, legal, tax, or professional advice. Aspire's products and services are subject to the applicable Terms of Service and Pricing. Please verify the latest information with each provider before making any business or financial decisions.
How Aspire works
Aspire brings together the security of traditional banking with the innovation of modern fintech to create the future of business finance. Here's what makes our platform uniquely powerful:
Trusted banking foundation
Your money is safeguarded in Tier 1 banks like DBS Singapore, and backed by partnerships with Citibank, JPMorgan, and Visa. Get the security of traditional banking with the speed of modern fintech - all fully compliant with MAS regulations.
Seamless global payments
Send and receive payments in 30+ currencies across 130+ countries at market-leading rates. Our transparent fee structure means no surprises, while smart workflows streamline your operations from payroll to revenue collection.
AI-powered financial control
Take charge with intelligent tools built for modern business. From multi-level approvals to real-time fraud detection, automated reconciliation to comprehensive integrations - work smarter, not harder.
Run your finances from one place
Open a multi-currency business account with no monthly fee, built-in invoicing, and real-time expense tracking.
Frequently asked questions about Aspire vs Novo Business Checking Account
Aspire Business Account fits founders running cross-border*, multi-currency, or e-commerce businesses. If you're scaling into new markets, Aspire Business Account handles that complexity well.
Novo Business Account is a solid pick for freelancers and early-stage US businesses that want a clean, free account with familiar integrations. If your operations are domestic, Novo delivers simplicity without unnecessary overhead.
Aspire Business Account has the clear advantage for businesses dealing with multiple currencies, international operations, or growth-stage complexity. The more you scale, the more Aspire Business Account earns its place.
Aspire Business Account's competitive FX rates, free real-time payments, and multi-currency accounts deliver far more for internationally active founders.
Aspire Business Account takes a step further with a dedicated account manager who knows your business personally. Novo covers the basics with phone, email, and live chat. For founders who want hands-on support and help, Aspire Business Account is the better fit.
Hear it first from our customers
Gregory Van
CEO of Endowus
“As a startup, we needed more flexible solutions to support our increasing needs, as well as ones that’d make the most financial sense in supporting our growth.”
- Saved per year
- $111,000
- Saved per year
- 900hr
Holly Qian
Head of Finance at First Page
“By leveraging Aspire, First Page aimed to establish tighter control over our financial outflows, ensuring that all media spending stayed within the allocated budget limits. This was crucial for maintaining financial discipline and ensuring that our company’s marketing efforts were both effective and sustainable.”
- Saved per year
- $80,405
- Saved per year
- 2,834hrs
William Chong
Finance Director at Glints
“In the past, we used different devices for calls, music, and work. Just like smartphones brought everything together, Aspire elegantly combines corporate cards, FX, business accounts, payables, and much more, into one user-friendly interface.”
- Saved per year
- $28,037
- Saved per year
- 860hrs
Start your journey with Aspire
Open your free account