Novo - Small Business Checking

Novo Platform Inc.

About this app

Do you need a checking account for your small business? Novo is for modern businesses.

With Novo you can apply for an account online in minutes, so you have more time to focus on your business.

Novo is a fintech, not a bank. Banking services provided by Middlesex Federal Savings, F.A.; Member FDIC. Novo provides free banking tools to small businesses, all within the Novo app. You can link your existing accounts, control your debit card, pay your bills, process ACH transfers, deposit checks, categorize transactions, and separate your funds for savings in Reserves.

You’ll receive a Novo Mastercard Business Debit Card and The Novo Virtual Card to pay for things online, around the world, and use any ATM without fees from us. Send unlimited payments and paper checks for free.

Novo supports almost any business operating in the U.S. As long as the owner has a social security number, they're able to apply for a Novo Business Checking Account.

Ratings and reviews

Novo is a good option for business banking. I really appreciate the invoice feature and the detailed historic graphs. However, certain transactions are slower than expected. Depositing my 1st check to the account took almost 10 days to post...that needs to be better! Hopefully it will be faster if I ever need to use a check again in the future. Overall, I feel this is a really good business account option.

Just a crazy good business checking product. Great, intuitive app/web experience with amazing money management features like reserves. Plus, simple and easy transfers, deposits and payments. And, if you care about integrations, Novo shines there too. It's business banking reimagined. I almost enjoy it.

The Devs did a great job on the GUI, I haven't had any issues managing my invoices, payments, or money as some reviews state. I gave 4 stars because the integrations may need a little work, but having worked in software development, I know that's a moving target sometimes. Overall my experience has been positive.

What's new

• Now Manage your debit card limits in Card Settings under the Manage Card Limits option.
• Bug fixes with Performance Improvements.