Novo
UnclaimedSmarter online business banking solutions for small businesses and self-employed entrepreneurs.
Visit WebsiteTL;DR - Novo
- Offers a free online business checking account with no hidden fees.
- Provides tools for invoicing, budgeting, expense management, and integrates with popular business apps.
- Designed for small businesses, freelancers, and self-employed individuals to simplify financial operations.
Pricing: Free plan available
Best for: Growing teams
3.5/5 across review platforms
Pros & Cons
Pros
- Business banking for small businesses
- No hidden fees approach
- Integrates with business tools
- Easy account setup
- Mobile-first banking
Cons
- Limited to US businesses
- No physical branch locations
- Feature set still evolving
- Deposit and transfer limits
- May not suit all business needs
Ratings Across the Web
3.5(11 reviews)
Ratings aggregated from independent review platforms. Learn more
Key Features
Business bankingFree checkingInvoicingReserve accountsIntegrationsNo minimum balance
Pricing Plans
Free
Free
- No monthly fees
- No minimum balance
- Free unlimited invoicing
- Free bill pay
- $7/mo ATM fee refunds
- Free ACH transfers
About Novo
By Toolradar Team·
Novo offers a flexible and forward-thinking online business banking platform designed to help small businesses, freelancers, and self-employed individuals manage their finances efficiently. It provides a free checking account with features like easy invoicing, intuitive budgeting, real-time insights, and hassle-free funding options.
The platform aims to simplify financial operations by allowing users to create custom, branded invoices with automatic reminders, set up automatic allocations for payroll and taxes, and categorize expenses with AI-powered spreadsheets. Novo also emphasizes seamless integration with popular business tools such as QuickBooks, Stripe, Gusto, and Square, consolidating financial management in one place.
Novo is built to support business growth by providing access to flexible funding, educational resources, and a community of like-minded business owners. It prioritizes security with FDIC insurance for deposits up to $250,000, bank-level encryption, and real-time fraud alerts, ensuring that users' financial data is safe.
How we evaluate tools →Source: novo.co
Reviews
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Novo FAQ
What is Novo?
Novo is a digital business banking platform offering free checking accounts for small businesses and freelancers.
Is Novo free?
Yes, Novo offers free business checking with no monthly fees or minimum balance requirements.
What integrations does Novo have?
Novo integrates with QuickBooks, Xero, Shopify, Stripe, and other business tools.
Source: novo.co