Powerfully Simple Business Banking
Built for small business owners, entrepreneurs, and freelancers. No hidden fees, no hassle.


Novo is a banking platform that provides business banking to freelancers, startup founders, and small business owners in the U.S. with the mission of helping small businesses succeed.

They offer FDIC-insured free business checking accounts with no minimum balance requirements through their bank partner Middlesex Federal Savings.

To help small business owners manage finances efficiently, Novo integrates with other apps, like Transferwise, Slack, Xero, Stripe, or Shopify, and gives you access to other financial perks, like Google Cloud discounts storage or business trips booked in

Business Banking Platform: What You Get

With Novo, you can easily manage your business finances wherever you are using a mobile app and connect the tools you already use. The features you get when you bank with Novo are:

  • Free Business Checking Account: The Novo business checking account is FDIC insured by their bank partner Middlesex Federal Savings. It has no minimum balance requirements nor monthly fees.
  • Easy Transfers: You will get free ACH transfers, mailed checks, and incoming wires, so you don’t have to worry about hidden fees.
  • ATM refunds: Get all ATM fees refunded.
  • Online Banking with Mobile App: Manage your finances where ever you are with the mobile app connected with your online banking.
  • Business Tools Integration: Connect your Novo to other business apps you already use, like Shopify or Stripe.
  • Exclusive Perks: Save money when using one Novos’ partners, like a discount for Quickbooks or free credits to advertise your business in Google.

How to Bank with Novo

Applying for a Novo account takes a few minutes. You can fill the application form online, even from your mobile phone.

When you apply, you will have to provide some personal information and information related to your business. The Novo team will then review and contact you if they need any more information.

You can get started in three simple steps:

  1. Provide personal information
  2. Provide information about your business
  3. Get started with your Novo account


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Lili offers a bank account for freelancers to manage finances and payments, control expenses, and save money for taxes through a mobile app.

Novo Products and Services


Business Checking Account

A free business checking account with no minimum balance requirements or monthly fee.

Learn more

Why Us

Free Checking Account

Get a free checking account with no monthly fees and free transfers and incoming wires.

FDIC-insured Funds

Deposits are insured up to $250,000 through Middlesex Federal Savings, partner bank, a member FDIC.

Online Banking

Manage finances using a mobile app and connect other apps you already use.

Easy Business Banking

Get your Novo account in a few minutes applying online.

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