Novo - Small Business Checking 4.12.0
Novo Platform Inc. – Freeware – Android iOSout of 13576 votes
4.12.0 Safe to install
Novo: Revolutionizing Small Business Banking
Novo offers a streamlined, user-friendly checking account designed specifically for small businesses, providing essential tools and integrations to help entrepreneurs manage their finances effortlessly.
Are you in need of a checking account tailored for your small business? Look no further than Novo, the ideal choice for modern businesses.
With Novo, the application process is quick and easy, allowing you to apply online and get back to focusing on what matters most - your business.
Novo sets itself apart as a fintech rather than a traditional bank. While banking services are provided by Middlesex Federal Savings, F.A., a member of the FDIC, Novo offers a range of free banking tools specifically designed for small businesses. All of these tools are conveniently accessible through the Novo app, making it easy to link your existing accounts, control your debit card, pay bills, process ACH transfers, deposit checks, categorize transactions, and set aside funds for savings in Reserves.
When you open an account with Novo, you'll receive a Novo Mastercard Business Debit Card and The Novo Virtual Card. These cards can be used to make secure online purchases worldwide and can also be utilized at any ATM without incurring fees from Novo. Additionally, you'll have the ability to send unlimited payments and paper checks at no charge.
Novo is proud to offer support for nearly all types of businesses operating within the United States. As long as the owner possesses a social security number, they are eligible to apply for a Novo Business Checking Account.
Overview
Novo - Small Business Checking is a Freeware software in the category Business developed by Novo Platform Inc..
The latest version of Novo - Small Business Checking is 4.12.0, released on 07/04/2024. It was initially added to our database on 09/18/2023.
Novo - Small Business Checking runs on the following operating systems: Android/iOS.
Users of Novo - Small Business Checking gave it a rating of 5 out of 5 stars.
Pros
- No monthly fees or minimum balance requirements
- Easy online account setup process
- Integrates with various business tools like invoicing and accounting software
- Offers a user-friendly mobile app for managing transactions
- Provides free ATM access through a large network of ATMs
- Daily transactions are processed quickly and efficiently
- Offers a seamless experience for freelancers and small business owners
Cons
- Limited physical branch access since primarily online
- No interest bearing accounts, meaning no earnings on deposits
- Some users might find customer support lacking during peak times
- Transaction limitations may apply, affecting high-volume businesses
- Not suitable for larger businesses with more complex banking needs
FAQ
What is Novo's Small Business Checking account?
Novo's Small Business Checking account is a digital banking solution designed specifically for small businesses, providing tools for managing finances effectively and efficiently.
Are there any monthly fees for the Novo Small Business Checking account?
No, there are no monthly maintenance fees or minimum balance requirements for the Novo Small Business Checking account.
How can I open a Novo Small Business Checking account?
You can open an account online by visiting the Novo website and completing the application process, which typically requires basic business information.
What documents do I need to open a Novo Small Business Checking account?
You will generally need your business formation documents, EIN (Employer Identification Number), and personal identification such as a driver's license or passport.
Does Novo offer overdraft protection for its checking accounts?
Novo does not offer traditional overdraft protection; however, transactions will be declined if you do not have sufficient funds in your account.
Can I integrate other financial tools with my Novo account?
Yes, Novo allows integrations with various tools like QuickBooks, Xero, Stripe, and Shopify to help streamline your business finances.
Are there limits on transactions with the Novo Small Business Checking account?
There are no limits on transactions, but excessive and unusual activity may trigger security reviews.
How can I access my funds in a Novo Small Business Checking account?
You can access your funds using the Novo app (available on iOS and Android), through bank transfers, or using linked debit cards.
Is there an ATM network associated with Novo?
Novo does not have its own ATMs but provides access to over 32,000 ATMs through the MoneyPass network without ATM fees.
What customer support options does Novo provide?
Novo offers customer support via email and live chat through their app and website to assist you with any inquiries or issues.
David Fischer
I am a technology writer for UpdateStar, covering software, security, and privacy as well as research and innovation in information security. I worked as an editor for German computer magazines for more than a decade before joining the UpdateStar team. With over a decade of editorial experience in the tech industry, I bring a wealth of knowledge and expertise to my current role at UpdateStar. At UpdateStar, I focus on the critical areas of software, security, and privacy, ensuring our readers stay informed about the latest developments and best practices.
Latest Reviews by David Fischer
Screenshots (Click to view larger)
Related products
Alliant Mobile Banking
The Alliant Mobile App is a convenient tool for managing your finances on the go. With just a tap of a finger, you can easily handle your banking needs.
Ally: Bank, Auto & Invest
Making your financial life simple and secure has always been our priority. Easily manage your bank, credit card, investment, auto, and home loan accounts all in one app.
Ally: Banking & Investing
Revolutionize Your Finances with Ally: Banking & Investing Made Easy
BCU Mobile Banking
Secure and User-Friendly Mobile Banking Experience
Betterment Invest & Save Money
Smart Investing Made Simple
Bluebird App
Bluebird App: A Seamless Experience in Task Management
BMO Digital Banking
Revolutionizing Banking: BMO Digital Banking Delivers Convenience and Security
CIT Bank
CIT Bank: A Solid Choice for Savvy Savers
Corporate Phone
Streamline Your Business Communication with Corporate Phone
Cost Margin Calculator
Marcus Lemonis, renowned as the star of CNBC’s The Profit, presents a powerful resource that is sure to empower entrepreneurs like yourself: the “Know Your Numbers!” business tool.
Fifth Third Mobile Banking
Convenient Banking at Your Fingertips with Fifth Third Mobile Banking
Fifth Third: 53 Mobile Banking
Securely access your accounts, deposit checks, view recent transactions, pay bills, transfer money, and find ATMs and branches. Review over six months of account history and account details.
Fiverr Workspace
Run your freelance business more efficiently than you ever thought possible - anywhere, at any time. Trusted by over 400,000 freelancers and businesses.
GO2bank: Mobile banking
GO2bank: Your All-in-One Mobile Banking Solution
GoBank - Mobile Banking
Convenient Banking at Your Fingertips with GoBank
Greenwood - Mobile Banking
Greenwood offers a range of financial services tailored to meet the needs of the Black and Latino communities. By joining this growing movement, you can benefit from their digital savings and spending accounts, support the community, and …
Ivy Pay - Therapist app
Ivy Pay: a credit card processing solution tailor-made for therapists. No more need for swiping or card readers. Ivy Pay is designed with HIPAA-compliant security measures in mind.
KeyBank Mobile Banking
Convenient Banking at Your Fingertips with KeyBank Mobile Banking
LegalZoom
LegalZoom: Your Online Legal Assistant
Navy Federal Credit Union
Navy Federal Credit Union: Your Financial Ally
North One - Business Banking
North One business banking simplifies the complex aspects of managing your business, allowing you to concentrate on moving forward.
NorthOne - Business Banking
I recently had the opportunity to try out NorthOne business banking and I must say, it's a game changer for entrepreneurs.
PNC Mobile Banking
Seamless Banking on the Go with PNC Mobile Banking
QuickBooks GoPayment POS
QuickBooks GoPayment is a mobile point of sale app that enables users to accept payments while on the go. It is user-friendly and can be easily accessed by signing up with your QuickBooks, TurboTax, or Mint account information.
Synchrony Bank
Synchrony Bank: Seamless Banking Experience for High-Yield Savings
TD Bank (US)
Streamlined Banking Experience with TD Bank (US)
USAA Mobile
Streamlined Banking on the Go with USAA MobileLatest Updates
ScreenVideo 9
Capture and Record Your Screen with Easy-to-Use ScreenVideo AppAeroadmin 4.9.3786
AeroAdmin is a free and easy-to-use tool that allows you to use your computer remotely.SmartGit 24.1.3
SmartGit: Your Essential Git GUI ToolRSS Guard 4.8.2
Stay Organized with RSS Guard: An Open Source Feed Reader
CapCut 5.9.1
CapCut: Create Stunning Videos EasilyXshell 8.0.0069
Xshell: Your Gateway to Secure Remote ManagementLatest News
Latest Reviews
 |
My Town : Fashion Show Dressup
Unleash Your Inner Fashionista with My Town: Fashion Show Dressup! |
 |
Origin Bank
Streamlined Banking Experience with Origin Bank |
 |
Les Mills Releases
Boost Your Fitness Routine with Les Mills Releases |
 |
PDF Hero - PDF Editor & Reader
PDF Hero: A Comprehensive PDF Editor with User-Friendly Features |
 |
Tape Measure light
Precision Meets Convenience: Tape Measure Light by Marton Varga |
 |
TIYA
Connect with Friends and Family Effortlessly Using TIYA |
 |
UpdateStar Premium Edition
Keeping Your Software Updated Has Never Been Easier with UpdateStar Premium Edition! |
 |
Microsoft Visual C++ 2015 Redistributable Package
Boost your system performance with Microsoft Visual C++ 2015 Redistributable Package! |
 |
Microsoft Edge
A New Standard in Web Browsing |
 |
Google Chrome
Fast and Versatile Web Browser |
 |
Microsoft Visual C++ 2010 Redistributable
Essential Component for Running Visual C++ Applications |
 |
Microsoft Update Health Tools
Microsoft Update Health Tools: Ensure Your System is Always Up-to-Date! |
