- No fees
- ATM fees refunded
- No minimum account balance required
- Can accept payments using Stripe
NOVO Online Banking Review
NOVO’s business banking platform offers a suite of financial products and services to help small businesses manage their finances more efficiently. Their platform includes features such as online banking, mobile check deposit, ACH payments, and business debit cards.
NOVO has a user-friendly interface that allows business owners to easily manage their finances and make informed financial decisions. The platform is designed to be simple and intuitive, making it easy for businesses of all sizes to access the financial tools they need to succeed.
NOVO Online Banking Highlights
NOVO Checking business Highlights
Pros & Cons
- No published or hidden fees for checking accounts
- Unlimited ATM network (fees refunded)
- No minimum opening deposit or daily balance required
- No physical branches
- Cumbersome to make a cash deposit
- No interest paid on checking account balance
Features Benefits & Rewards
The only type of account Novo offers; it is fee-free and comes with a mobile app. A debit card is also available. Unlimited deposits can be made without fees. For cash deposits, cash must first be turned into a cashier’s check, then that check is deposited.
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Opening an Account With NOVO
The Novo Business Checking account can only be opened on the Novo website. Novo claims the account opening process will take under 10 minutes, which we found to be true.
Available in all states
The Novo customer support team can be contacted by email, phone, or the Novo app. We were unable to interact with Novo’s telephone support team because the phone number is not listed on their website; you can only find it on a Novo debit card (if you have one). Otherwise, email or the Novo app are the only ways to reach someone in customer support.
For a small business that wants a free business checking account and keeps a balance of under $250,000, Nova is a suitable choice. However, a customer support number is not listed on the website, and support reviews from Novo customers are mixed.