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 as a bank has been good. The only complaint I have is their limits on check deposits and other transfers severely limit my business's ability to operate smoothly. They do let you ask for limit changes, but they seem to only allow temporary limit changes, and that helps... temporarily. That is my only complain though. The app is great, and the features are all great. It's very reliable, no sneaky fees, and doesn't chew up tons of phone resources. 4.75 stars.

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.

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.

What's new

• Instantly replace your Virtual Card within Cards section and access new details with a click.
• Bug fixes with Performance Improvements.