Zil: The Best Alternative to Bank Novo

Jun 9, 2022 | Payment Services

Zil is a financial technology company, not a bank or an FDIC member. Zil offers banking services through partnership with FDIC member banks Silicon Valley Bank and Texas National Bank.

Bank Novo and Zil offer online banking with powerful business tools. Zil online banking lets you send money to other people’s Zil accounts right away. You can also use ACH or wire transfers to move money around. Moreover, Zil offers free check drafts, eChecks, and check by mail services.

Zil’s goal is to make it easier for customers to pay their bills. 

Zil vs Bank Novo

Bank Novo Alternative  Zil offers a variety of features compared with other banks, including an app-based interface and the ability to make payments quickly and easily. 

Zil offers a banking platform that does not charge fees and has many features. People can open an accessible business checking account without any hidden charges. This account is perfect for people who want to start a new business. At the same time, Novo Bank charges $27 for inadequate and non-accumulated funds. In addition, the user needs to pay $50 to use other account features.

Features that are similar in both Zil and Novo Bank:

  1. Zero Minimum Balance
  2. Zero Account Fees
  3. Free Invoice Module

On the other hand, Zil offers many other features more than Novo Bank:

  1. Zero Minimum Opening Deposit
  2. Zero Insufficient Fund Fees
  3. Zero Uncollected Funds Returned Fees
  4. Free Send & Receive ACH
  5. Free International Wire
  6. Free Physical Check Mailing
  7. Free Digital Check
  8. Free Email Check
  9. Free Check Drafts
  10. Free Invoice Module
  11. Free Bank Data

Why Choose Zil?

As evident from the above comparison, Zil is an innovative financial institution that provides a cloud-based banking service for small businesses. Zil offers various online services, including checking accounts, credit score improvement, and early access to payments. Additionally, Zil offers instant virtual cards, business expense cards, and recurring payments.

People can open a bank account in the United States to do business faster. They can keep their money in U.S. dollars without losing value if they have a U.S. phone number. They can also offer their clients different payment options.

Zil provides customized expense cards to corporations to help them manage employee costs. Businesses can issue multiple cards to employees, limited to specific expenses.

In addition to being incredibly user-friendly, Zil also has several other benefits. For example, it is a good choice if you need to move money between different accounts quickly or if you need to pay bills.

Zil offers modern banking features while keeping your money safe. This makes it a good choice for anyone who wants the convenience of modern banking.

Other Benefits of Using Zil

  • All-In-One Platform:

Zil is a platform that can help you with many things related to your business. You can get paid early, build your credit score, and have recurring payments. However, Bank Novo does not pay automatic bills for you, except for the details of who to pay.

  • Online Banking:

Zil’s online banking services can meet all your business needs. With instant money transfers between Zil accounts, and free ACH and wire transfers, you’ll be able to take care of your business transactions easily.

  • Physical Card:

A physical card gives you an easy way to make payments, and customers can use it to withdraw cash from ATMs, shop online and offline, pay bills, and earn rewards.

  • Virtual Card:

Customers don’t have to wait for their cards to arrive in the mail. They can apply for a virtual card and add the card to their smartphone or smartwatch and can use it. Virtual cards are a safe way to spend money. Customers can use them online or at any store that accepts Visa cards with contactless technology.

  • Multi Business Account:

Zil lets customers open multiple bank accounts. This way, customer can organize their finances on a single platform. They can add accounts for all of their businesses or different purposes within their business. With Zil, they can transfer money from one account to another instantly. Plus, it will help them to keep track of all their banking records.

  • Bank for Foreigners:

Zil offers cloud banking for non-residents of the US. If a person is a non-US resident looking to set up a business bank account, Zil helps you do it.

  • Get Paid Early:

Set up a direct deposit with Zil and receive paychecks two days before without hidden charges. No more waiting and start getting paid early.

In conclusion, Zil offers online banking with powerful business tools. Zil provides a cloud-based banking service with no minimum balance, no account costs, and monthly fees. Moreover, there are free ACH transactions or wire transfers. In addition to all this, Zil offers instant money transfers without any transfer fees.

Get in Touch

(408) 775-7720

Make a call directly with our customer support team to make it instantly.


Mail to us to solve any queries you have with Zil.

111 N Market St, San Jose, CA 95113

Po Box 6543, Tyler TX 75711

You May Also Like…