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
Alliant Mobile Banking
Empowering Your Finances On-the-Go with Alliant Mobile Banking
Ally: Bank, Auto & Invest
Ally Financial: A Comprehensive Banking and Investment Platform
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 ManagementLatest Reviews
|
Warcraft Rumble
Epic Battles Await in Warcraft Rumble |
|
HackCheck
Stay informed about your online accounts with HackCheck. |
|
DivX Setup
DivX Setup: Your Ultimate Multimedia Solution |
|
SIMATIC S7-PCT + HF2 Professional
Streamlined Programming and Configuration with SIMATIC S7-PCT + HF2 Professional |
|
|
Global Protocols
Streamline Your Business Operations with Global Protocols |
|
Gemcom Surpac
Gemcom Surpac: The Ultimate Geological Software for Mining Professionals |
|
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! |
Browse
Latest Updates
GP Team Tracker 4.4.003
This application serves as a management tool for overseeing on-field employees, enabling their supervisors to efficiently monitor and coordinate workforce activities.
Laptop photo frame editor 2.3
The Laptop Photo Frame is a photo editing application that provides users with the ability to integrate their images onto a laptop screen backdrop.Bad Santa 1.6
This game challenges players to avoid surveillance cameras while collecting as many in-game currency items as possible to maximize their score.Päikky Guardian 2.3.2
Päikky streamlines the management of routine day-care responsibilities, offering a convenient and efficient platform for caregivers.Pregnant Mother: Mom Games 3D 2.0.6
This game presents a comprehensive simulation of family life through the perspective of an expectant mother within an anime-inspired virtual environment.
