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

Simple and fast interface

The simplicity and speed of the uncluttered interface enables me to achieve my tasks quickly and easily The only thing I miss is the ability to accept payments from external clients
C

Surpassed my admittedly high expectations

My distain for learning new technology is real so when I got the news that Brex my former small business bank was no longer supporting clients like me I was skeptical I d find a replacement I liked and I was wrong Not only was Novo easy to learn it has FAR surpassed my already-high expectations
B

It s a very good online bank

It s a very good online bank Responsive nice team trustworthy platform nice UI design good integrations and they are always improving I like the ATM fee rebate for when I need to draw cash out - though apparently this will be capped at 7p m month soon I do wish I could deposit cash is my one big wish
L

pleased so far

it s been over a year now of using novo - and i m really happy i decided to get my business account with them i m newly self-employed and have had zero issues with their web portal or using my account abroad i love the customizability of the website HP and i m sure once i grow my business i will get extra use from the other features they offer the only thing i remember having difficulty with was figuring out how to send a physical check i never ended up needing to do it in the end but that feature is a bit hidden
E

Excellent for Startups

Novo is a excellent service for small and Startups The onboarding process is simple and faster than a local bank The app is full of financial services and features that will help you manage your finance with easy and the 0 fees aren t comparable with any local bank or financial institution Highly recommended
S

Best Business Bank for New and Small Businesses

Novo has been my premier bank for my business for several years They opened my business checking when other banks wouldn t because I hadn t been in business for 2 yrs already I am loyal to them and recommend them to any new business looking to establish a new account The website is fantastic - it s always functioning perfectly and allows me to get things done quickly Their low fees and great customer service makes running a business easier than ever
E

We love our Novo

We have had our account for our short-term rental for two years now The setup was super easy and the features are great We would highly recommend Novo for anyone wanting a great online banking account for their small business Thanks Novo
J

Great for small business

We were a small business and found that Novo was a perfect match for our startup needs The services offered were extremely helpful to us including invoicing EFT transfers bill pay and reserves The only negative we experienced was the inability to perform domestic wire transfers but we were able to work around that limitation
M

Easy to use banking app great customer

Easy to use banking app great customer service and the functions keep getting better and better that they offer since I ve been with them
A

I ve had a fantastic experience with

I ve had a fantastic experience with this Bank As a small business owner and entrepreneur they have really made it easy to set up my accounts pay vendors and manage my money easily on the go It really goes a long way that they do not charge you fees and the referral program is one I have already taken advantage of

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.