Novo

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

Overview

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 Booking.com.

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

Novo

Reviews 99

XXX%
XXX%
XXX%
XXX%
XXX%
{{rev_ago}}
{{rev_source}}
{{rev_text}}

Featured

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
Business

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.

Related Articles

Enterprise Resource Management (ERP) is becoming more common in small and large companies, but the ERP myths below may be holding you back.
Read more
Read how to make things easier on yourself to meet certain compliance standards for your financial institution or organization.
Read more
Review savings accounts for businesses, the savings account for businesses that are free, and the different interest rates available.
Read more

More Like This

Connect with Us

Latest News

Enterprise Resource Management (ERP) is becoming more common in small and large companies, but the ERP myths below may be holding you back.
Read more

This page’s information results from independent research by our editorial team, who does their best to reflect factual and accurate information about the financial institution and its products. Financial institutions are not responsible for the content posted on Banks.com; visit the financial institutions’ website or contact it directly if you have any questions.

If you work for this financial institution and want to adjust any information, contact us at [email protected].

Advertisement Disclosure

Product name, logo, brands, and other trademarks featured or referred to within Banks.com are the property of their respective trademark holders. This site may be compensated through third party advertisers. The offers that may appear on Banks.com’s website are from companies from which Banks.com may receive compensation. This compensation may influence the selection, appearance, and order of appearance of the offers listed on the website. However, this compensation also facilitates the provision by Banks.com of certain services to you at no charge. The website does not include all financial services companies or all of their available product and service offerings.