Novo is a business banking service built for startups and small businesses. It offers a bank account that doesn’t require a minimum balance and provides free business checking as well as debit card access. In this article, we covered Novo reviews and pricing. Ready to get started? Visit its website.
Novo offers a free business checking account. It only charges for overdrafts ($27) and/or uncollected funds ($27). A minimum of $50 is also required to open an account. Novo pricing includes free incoming automated clearing house (ACH), outgoing ACH, incoming domestic wire, incoming foreign wire, and stop payments.
The fee for uncollected funds is charged only when a user attempts to spend funds that aren’t in their account yet.
Ready to get started with Novo? Visit its website.
Summary of Novo Reviews
As of March 2019, there are no Novo reviews online. If you are a past or current Novo customer, leave a review to help other business owners who are deciding whether or not to use the company.
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Check out the list below of some of Novo’s features:
- Debit card
- Checking account
- Electronic transfers
- Instant electronic check deposit
- Bank linking
- Federal Deposit Insurance Corporation (FDIC) protection
- Mobile app
Who can benefit from Novo?
Novo is specifically built for United States-based citizens operating a legal business with a physical address in the country. It supports for- and not-for-profit limited liability companies (LLCs), corporations, partnerships, and sole proprietorships.
Can users receive wire transfers directly using their Novo account?
Novo account holders can receive domestic and international wire transfers. However, as of the moment, Novo users cannot send direct wire transfers from its mobile app.
Here is a list of some of Novo’s popular integrations:
- Apple Pay
- Google Pay