Novo Reviews

Powerfully Simple Business Banking | Novo Business Banking

3.55
141 reviews
Great Rating
Based on 141 user experiences
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J

I have enjoyed working with NOVO

I have enjoyed working with NOVO because they provide peace of mind No processing fees or maintenance fees like other banks Thank you NOVO keep being amazing
C

Great for my small business

I ve banked with Novo for a few years now and it s perfect for my small business I can deposit checks on the go and integrate with all my payment processing apps It s great to know that my ATM fees will be refunded especially when traveling internationally
S

Easy to use and set up

Easy to use and set up I also love the way it separates profit revenues operating expenses taxes by percentages No minimum deposits You also receive a debit card and can transfer money to another account I think this is the best business banking that is so user friendly My only complaint is how long it takes a check to clear I ve only deposited one and it took 5 business days to clear ACH would be faster of course But you do have a small portion of the deposit to use quickly But other than that I love it It was recommended to me by my son who uses it
K

Good for planning wish it offered CDs

I ve been using Novo for almost a year now and I like it With my small publishing business I can use the reserve categories to set money aside for special projects The app is connected to everything I need the card works great I woul love it if Novo offered a range of CDs so businesses owners can keep their savings from depreciating I had to get a CD outside of Novo but if they offered one I would have used the service to avoid the money shuffling that had to happen Other than that it s a good financial product
S

Easiest Online Banking Experience

I have zero complaints about Novo My favorite thing about them is probably their app It s so convenient very straight forward and easy to use I just love that I can login and send a payment make a transfer etc in seconds I use the mobile deposit feature a lot and while there are a good amount of steps to complete it is again very easy to use and convenient
M

Novo made it easy to get my business up

Novo made it easy to get my business up and running fast I needed a bank account for a small business that I started to help me supplement my income during COVID I got my DBA set up my Novo account then connected my Square PayPal Venmo and Cashapp accounts to it Made things super simple to get paid The reserves feature helped me set aside tax money too Exactly what I needed when I needed it
J

Perfect Bank for Freelancers

When my original small business bank randomly went out of business I was really upset and worried Thankfully someone recommended Novo and it s been such a great experience I haven t had any issues I love the reserves option to help me set aside money for taxes and savings for my small business and they re always super helpful whenever I reach out If you re a soloprenuer or freelancer I would highly recommend
D

Better than most of the rest

From day one this company has been outstanding the user interface on the website is great The mobile app is also a great tool to have it saved me quite a few times They also have a lot of other business features that would definitely help your business I would recommend Novo over most all other business accounts
P

Brilliant service

Brilliant service Easy to use Has features that make it easy for me to transfer money and manage my taxes Always innovating and reaching out to their clients So much more proactive and less faceless than a traditional bank
H

Great customer service and banking experience

I highly recommend Novo for business owners Their self-service resources are informative and reliable and they help me quickly get the information I need Novo s customer support is also very responsive and helpful I ve contacted them several times for specific inquiries and they promptly and patiently answer my queries The Novo banking app is easy to navigate I especially like being able to create reserves for things I want to set aside funds for and having the ability to set how much I want to put into each reserve

About Novo

Novo is a powerfully simple business banking platform with no hidden fees built for small business owners. Simplify your business finances with Novo.

United States

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Frequently Asked Questions

Novo is a financial technology company that provides modern banking solutions, specifically a business checking account, designed for freelancers, entrepreneurs, and small business owners. It operates as a digital platform aimed at simplifying financial operations and supporting business growth.

Novo primarily targets freelancers, solopreneurs, digital nomads, and small startup teams. Its services are tailored for individuals and businesses that operate digitally, value automation, and seek an alternative to traditional business banking with complex fee structures.

Key features include no monthly fees or minimum balance requirements, seamless integrations with tools like Stripe, Shopify, QuickBooks, and Etsy, free ACH transfers and invoicing tools, and ATM fee reimbursements. These features are designed to consolidate financial tasks and reduce administrative burdens.

Novo does not charge monthly fees or require a minimum balance for its business checking account. The platform emphasizes cost-effectiveness and transparency, with features like free ACH transfers and ATM fee reimbursements to avoid unexpected costs.

Novo offers integrations with popular business tools such as Stripe, Shopify, QuickBooks, and Etsy. These connections allow the account to function as a central financial hub, automating reconciliation and streamlining workflows to save time for users.

About Novo

An Overview of Novo.co: Modern Banking for Freelancers and Small Businesses

Novo.co is the digital home of Novo, a financial technology company dedicated to providing modern banking solutions tailored specifically for freelancers, entrepreneurs, and small business owners. The website positions Novo as more than just a bank account, presenting it as a powerful financial platform designed to simplify operations, save time, and support business growth. With a clean, intuitive design and a focus on user-centric benefits, the site effectively communicates its value proposition to a growing segment of the modern economy.

Core Offerings and Value Proposition

The central product featured on Novo.co is its business checking account. The website highlights key features that address common pain points for small businesses:

  • No Monthly Fees or Minimum Balances:A primary selling point, emphasizing cost-effectiveness for new and bootstrapped businesses.
  • Seamless Integrations:Novo prominently showcases its connections with popular business tools like Stripe, Shopify, QuickBooks, and Etsy. This positions the account as a central hub for finances, automating reconciliation and saving valuable administrative time.
  • Free ACH Transfers and Invoicing:The platform includes built-in tools to create and send invoices, and to make and receive payments without fees, consolidating multiple financial tasks into one application.
  • ATM Fee Reimbursements:Novo offers reimbursements for fees incurred at any ATM, providing flexibility and access to cash when needed.

User Experience and Website Structure

The website is designed for clarity and conversion. Navigation is straightforward, guiding visitors from an explanation of core features to detailed resource sections and finally to a clear account application call-to-action. High-quality visuals and customer testimonials are used strategically to build trust and illustrate real-world use cases. The content is written in a direct, benefit-oriented tone that resonates with its target audience of busy, tech-savvy business owners looking for efficient solutions.

Educational Resources and Support

Beyond promoting its account, Novo.co serves as an educational resource. It typically features a blog or resource center with articles, guides, and insights on topics relevant to small business management, freelancing, finance, and productivity. This content marketing strategy establishes Novo as a knowledgeable partner in its customers' success, not just a service provider. The site also details customer support access, reinforcing its commitment to user assistance.

Target Audience and Market Position

Novo.co clearly targets the burgeoning community of freelancers, solopreneurs, digital nomads, and small startup teams. The language and features are crafted for those who operate digitally, value automation, and seek an alternative to traditional business banking with its often complex fee structures and physical branch requirements. Novo positions itself within the competitive neobank and fintech space by focusing intensely on the specific integration and workflow needs of its niche, rather than offering a broad suite of consumer products.

In summary, Novo.co functions as the digital storefront for a focused financial technology solution. It successfully articulates how Novo's business checking account and integrated platform remove friction from day-to-day financial management. By combining essential banking features with powerful automations and a commitment to no hidden fees, the website presents a compelling case for modern small businesses seeking a smart, streamlined foundation for their financial operations.