Is Novo worth the price?
Novo's pricing is exceptionally generous, offering a completely free tier with no monthly fees or minimum balance requirements.
The inclusion of free unlimited invoicing, bill pay, and ACH transfers makes it highly competitive. This is an excellent option for small businesses and self-employed entrepreneurs looking to minimize banking costs.
Pricing Plans
Free
Free
- No monthly fees
- No minimum balance
- Free unlimited invoicing
- Free bill pay
- $7/mo ATM fee refunds
- Free ACH transfers
Hidden Costs & Gotchas
ATM fees refunded up to $7/month, not all fees.
Potential fees for international wire transfers.
Specific integrations might incur their own costs.
Which Plan Do You Need?
Small businesses minimizing banking costs
Self-employed entrepreneurs
Businesses needing free invoicing
How Novo Compares to Competitors
Compared to traditional banks like Chase or Bank of America, which often charge monthly maintenance fees ($10-$15) unless specific balance requirements are met, Novo's free tier is a significant advantage. Even challenger banks like Mercury often have more nuanced fee structures for certain services, making Novo's 'Free' offering stand out for basic banking needs.
Novo Pricing FAQ
How much does Novo cost?
Novo uses custom pricing. Contact Novo directly for a quote based on your team size and requirements.
Does Novo have a free plan?
Yes. Novo offers a free plan called "Free". It includes: No monthly fees, No minimum balance, Free unlimited invoicing.
Is there a cheaper alternative to Novo?
Yes. Popular alternatives to Novo include Mercury, Wise, Bluevine, Found. Free alternatives include Mercury, Wise, Bluevine. Compare them side-by-side on Toolradar.
Cheaper alternatives to Novo
4 of 5 direct competitors below offer a free plan. Per-seat pricing varies up to 60% across this set.
