Brex vs Novo
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What you'd pay
Entry plan for 10 people, billed yearly where offered. Prices checked Oct 2026.
Free to start
Brex
Funded startups that want banking, corporate cards, expense management and bill pay from one vendor, and that meet Brex's eligibility rules.
Novo
Very early, low-complexity companies and founder-led service businesses that want a free account with invoicing and rarely send wires.
Side by side
| Brex | Novo | |
|---|---|---|
| Pricing | Business account free; spend platform Essentials $0/user/month, Premium $12/user/month, Enterprise custom | Free business checking ($0 monthly fee, $0 minimum balance) |
| G2 Rating | Not yet verified | 3.5 (11 reviews) |
| Best For | Funded startups that want banking, corporate cards, expense management and bill pay from one vendor, and that meet Brex's eligibility rules. | Very early, low-complexity companies and founder-led service businesses that want a free account with invoicing and rarely send wires. |
Pros and cons
Brex
Pros
- $0 wires (domestic and international), ACH and checks
- Treasury yield from the first dollar, no minimum
- Corporate card with no personal guarantee
- Spend management plan free on Essentials
Cons
- Eligibility targets funded startups or companies above $500,000 revenue
- No cash deposits and no ATM access
- Checking alone is covered only to $250,000; higher coverage needs Vault
Novo
Pros
- Free account with no balance requirement
- Reserves make tax and payroll set-asides easy
- Many e-commerce and payments integrations
- No overdraft or insufficient funds fees
Cons
- FDIC coverage limited to the standard $250,000
- Outgoing domestic wires up to $45 and no interest on balances
- No cash deposits
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Mercury is the best default business bank account for most US startups: no monthly fee, $0 domestic and USD international wires, and up to $5M in FDIC coverage through partner banks' sweep networks. Choose Brex if you are funded and want cards and spend management in the same product, or Chase if you handle cash.
Mercury vs Brex
Choose Mercury if you want the best all-round business bank account with free wires and a simple 1.5% cashback card. Choose Brex if you need a corporate card with detailed spend controls, global coverage or treasury yield below $250,000.