GlepNovo

Glep vs. Novo

Novo is fee-free online business checking for small businesses and freelancers. Glep is banking, cards and spend management built for businesses that own and operate real estate.

Features: Glep compared with Novo

Real estate & entities

Multi-entity management

Every LLC from one login, funds and records separated per entity

Offered
Not listedNot listed

Account per LLC, sub-account per property

Each with its own routing and account number, so deposits, draws and reserves never mix

Offered
Not listedReserves inside one account

Property-level tracking

Every card purchase, ACH, wire and RTP payment tagged to a property, deal or unit as it happens

Offered
Not listedNot listed

Aida deal analysis

Rehab cost, ARV, NOI, purchase price, red flags and an offer letter from an address

Offered
Not listedNot offered

Aida on transactions

Categorizes every transaction, matches receipts, flags unusual charges, answers questions by property

Offered
OfferedAI-powered bookkeeping

Team access scoped per entity

Custom roles and entity-level visibility, included free

Offered
Not listedNot listed

Banking & spend

Business banking

Checking and savings through Core Bank, Member FDIC

Offered
OfferedMiddlesex Federal Savings, FDIC to $250K

Unlimited cards

Physical and virtual Visa cards with daily, weekly or monthly limits, merchant locks, freeze and terminate

Offered
Not listedStrictly capped: 1 physical debit card and 1 virtual card per account

Contractor cards with a hard cap

The card stops working when the project budget is spent

Offered
Not listedNot listed

Approvals and expense policies

Approval workflows, parallel approvers and receipt rules, included free

Offered
Not listedNot listed

Same-day ACH, wires, RTP and FedNow at $0

From the same platform where the spend is tracked

Offered
Not listedExpress ACH 1.5%; wires up to $30

Mobile app

Issue, freeze and terminate cards, capture receipts and approve spend from the job site

Offered
OfferediOS and Android

Pricing

Free, no per-user fee

$0 monthly fee, no credit card to start. 3% FX fee on international card transactions

Offered
Offered$0 monthly; express ACH 1.5%; wires up to $30

Novo is a trademark of Novo Platform Inc. Novo features and fees are as published at novo.co on September 24, 2026 and are subject to change.

Why real estate businesses choose Glep

What changes when the platform is built around properties, deals and LLCs.

Get started with Glep

Enter an address and Aida estimates rehab cost, ARV and NOI, recommends a price, flags red flags and drafts the offer. After closing, Aida categorizes every transaction, tags it to the property and matches the receipt to the vendor, job and GL code. Novo's bookkeeping categorizes; it has no view of a deal and no property on the transaction.

Novo is one account with reserves inside it. Glep opens an account per LLC and a sub-account per property, each with its own routing and account number, so deposits, draws and reserves never mix, with team access scoped per entity, all free.

Unlimited cards, a card per contractor or project with a hard budget cap that stops the card when the budget is spent, approvals and expense policies, and same-day ACH, domestic wires, RTP and FedNow at $0. On Novo, express ACH is 1.5% and an outgoing wire is up to $30.

A project budget in Glep showing spend against the cap and the transactions behind it

Further comparisons with Novo and other alternatives to it

Bluevine

Glep vs Bluevine

Bluevine is online business checking with Standard, Plus and Premier plans and capped sub-accounts. See how Glep compares.

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Mercury

Glep vs Mercury

Mercury is business banking for startups and, per its own site, real estate and construction companies. See how Glep compares.

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Ramp

Glep vs Ramp

Ramp is a spend platform for finance teams at companies of every kind. See how Glep compares.

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Frequently asked questions about Glep and Novo

Novo is fee-free online business checking for small businesses and freelancers, with debit cards, reserve accounts, invoicing and bookkeeping. Glep is banking, cards and spend management for real estate businesses. Every LLC gets its own account and every property its own sub-account with a unique account number, Aida tags every transaction to a property or deal as it happens and analyzes deals before you buy them, and contractor cards carry hard budget caps. Glep is free, with $0 same-day ACH, wires, RTP and FedNow and a 3% FX fee on international card transactions.

Novo has no monthly fee and no minimum balance, with standard ACH at $0, express ACH at 1.5% of the transfer (minimum $0.50, maximum $20) and outgoing domestic wires up to $30, as published on novo.co on September 24, 2026. Glep is $0 with no monthly fee, no per-user fee, $0 same-day ACH, wires, RTP and FedNow, and a 3% FX fee on international card transactions.

Novo is one checking account per business, with reserves for setting money aside inside it. Glep includes multi-entity management free, with a separate account per LLC, a sub-account per property with its own account number and team access scoped per entity.

Yes, and the cap is the point: the card declines once the project budget is spent, not after you notice. Novo caps cards strictly, at one physical debit card and one virtual card per account, keeps reserves inside one account rather than per property, and lists no contractor card or project cap, so there is no spare card to put in a contractor's hand.

Every LLC lives under one login with its own account, cards and records, team access per entity, and no commingling. Novo lists no multi-entity management and no team access at all, and keeps reserves inside one account, so several LLCs on Novo means several Novo logins and a reserve structure that cannot show where one entity ends and the next begins.

Glep works upstream of your ledger and keeps the property on the transaction. Novo offers AI-powered bookkeeping but lists no property-level tracking, and its reserves live inside a single account rather than per property, so the bookkeeping starts from a pooled balance and the property has to be reconstructed out of it.

Yes, and it is the same control set as the desktop: receipts, cards, approvals, and entity-scoped access. Novo's iOS and Android apps cover the account and its AI bookkeeping, but with no team access or approvals listed, the app assumes one person holding the login rather than a crew in the field.

Keep the Novo account open if you like. Open a Glep account online with your US business entity and EIN, add each LLC, open a sub-account per property and issue cards. Most operators run one property through Glep first. Novo's monthly fee is $0 too, so the difference is structure and rails: reserves inside a single account against an account per LLC and a sub-account per property, and express ACH at 1.5% with wires up to $30 against $0.

If your business is a set of properties held in a set of entities, Glep is built around that structure: an account per LLC, a sub-account per property, Aida tagging every transaction to the property it belongs to, and contractor cards that stop at the budget. Contractors and developers get the same structure for projects, draws and crews, and pay subs at $0 by same-day ACH, wire, RTP or FedNow. If your business is outside real estate but runs money across several entities, projects or vendors, Glep gives you multi-entity management, entity-scoped team access, sub-accounts with unique account numbers, approval workflows and unlimited cards on the free plan. Start with one property or one project and move the rest on your own schedule; there is no contract and no lock-in.