novoco

Novo is a mobile-first business bank built for freelancers, startups and small companies. Expect a simple, fee-light checking account, an intuitive app, and integrations with the tools small businesses already use—designed to simplify everyday banking and cash flow.

Founded2016

Price tier$

FocusSmall-business banking

AvailabilityU.S. businesses only

Why Novo

Key reasons founders and freelancers choose Novo

01Simple, low-cost accountsNo monthly maintenance fees and an uncluttered pricing model make Novo an economical primary account for small-business cash flow.

02Built for your toolsDeep integrations with Stripe, Shopify, PayPal and popular accounting tools reduce bookkeeping friction and speed payments to your business.

03Mobile-first controlA polished app, instant transaction alerts and easy invoicing/expense tracking let you run company finances from your phone.

Everyday business card

Novo issues a business debit card designed for daily expense management. The card pairs with instant transaction notifications and simple spending controls, so owners and teams can track purchases without paper statements—ideal for freelancers and small teams who need transparent card activity.

Banking in your pocket

Novo’s smartphone app consolidates deposits, transfers, and invoicing into a single hub. The interface prioritizes speed—open accounts quickly, initiate ACH or wire transfers, and view categorized transactions to streamline bookkeeping and decision-making on the go.

What They Sell

Business checking accountsBusiness debit cardsMobile banking appInvoicing & paymentsIntegrations & APIsExpense managementACH & wire transfers

Our Verdict

What we like

No monthly maintenance fees for standard accounts
Clean, fast mobile app and instant notifications
Strong integrations with payments and accounting platforms
Fast online account opening for U.S. businesses

Worth knowing

Only available to U.S.-based businesses
No physical branch network or broad credit products

FAQ

How do I open a Novo account?

You apply online via Novo’s website or app—expect to provide business details, EIN or SSN, and identity verification. Most applicants complete setup quickly if documentation is ready.

Are there monthly fees or minimum balances?

Novo’s standard business checking has no monthly maintenance fees and no minimum balance requirement; third-party fees (ATM, wires) may still apply per transaction.

Can I use Novo outside the U.S.?

Novo accounts are available only to U.S. businesses and residents. International payments are supported in specific cases, but account opening requires U.S. eligibility.