Novo Reviews

Powerfully Simple Business Banking | Novo Business Banking

3.55
141 reviews
Great Rating
Based on 141 user experiences
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M

Brings simplicity to setting up a business

Lowers the barrier to entry for starting a business There can be a lot of daunting steps to set one up Novo does a great job of making banking setup simple and pain-free Further the app has useful insights makes check deposit easy and the reserves feature is great for organizing and allocating
K

Novo is AMAZING for any small business

Novo is AMAZING for any small business who needs to wants to use Profit First without the hassle of several bank accounts Novo makes it easy to keep track of your budget with reserves so you can confidently spend for your business without worry I seriously would recommend it to anyone who wants their bank account to be more organized
H

This is Harold Potter I never ask you

This is Harold Potter I never ask you to close my account with you
W

I love NOVO

I love NOVO The feature I most appreciate as a small business owner is the Novo Funding perk It is so simple and easy to use and help you make payments while waiting for funds to arrive in your account It is also a great that I can make a payment to an overseas vendor easily Best choice for my business great support and overall loving the experience Open an account today
H

Great experience

Great experience Great banking Only complaint is that your card will get declined on the first attempt if it doesn t seem like a business transaction You have to go into the app to approve Besides that no issues
A

Novo co is different from anything else

Novo co is different from anything else I have ever used I love their reserves system It keeps me organized and I can segment my monies in different categories
A

Hands down the best business bank ever

Hands down the best business bank ever Particularly small business owners or startups There are literally no fees extra charges and they even give you a business line of credit once you start having revenue on your account Their customer service is wonderful as well I ve been using them since Sept 2021 I have no regrets Love them
G

Love Reserves

I chose Novo bc of the ability to create profit first style reserves to manage cashflow and set aside profit for myself It s great that once you set up the reserves and percentages Novo automatically divides deposits between the reserves I have had no issues with the site or app thus far
N

Novo - great online bank

Novo is a great safe bank as long as you want online experience no fees Quickbooks and many more integrations no paper checks Novo will send a check for you
K

small business banking

great bank for small business banking been using them for a few years with no problems

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.