Novo - Business Banking
| Category | Price | Seller | Device |
|---|---|---|---|
| Finance | Free | Novo Financial Corp. | iPhone, iPad, iPod |
With Novo you can apply for an account online in minutes, so you have more time to focus on your business.
Novo provides free banking tools to small businesses, all within the Novo app.
You can link your existing bank accounts, control your debit card, pay your bills, process ACH transfers, and deposit checks just by taking a photo.
Novo is partnered with an FDIC-insured bank (Middlesex Federal Savings), giving small businesses the ability to easily open up a secure bank account to make payments, transfer money, and hold deposits.
You’ll receive a Novo Mastercard Business Debit Card to pay for things around the world and use any ATM without fees from us. Send unlimited payments and paper checks for free.
Novo supports almost any business operating in the U.S. As long as the owner has a social security number, they are able to apply for a Novo Business Checking Account.
Reviews
Great for small remote business
Overall Cleaning Service
Recently went through the process of finding an online bank to track business expenses. I read reviews and watched videos about remote banking history and culture. I was impressed with the application process. It was thorough and quick. The mobile banking app allows you to create a payee, link your account to multiple other banks for easy quick transfers and organize earnings.
GREAT FOR BUSINESS CHECKING
surname037
This app is a great option for business checking. Novo has many great features with minimal fees. I will be using Novo for my future businesses as well.
So far so good.
drkrdaberri
I’m enjoying it so far, still getting familiar with everything. Only reason I’m giving it 3 stars is because of the waiting periods for ACH and deposits. We all want our money and need it now!!! Once they get those wait times resolved, it’ll be perfect.
Missing charges
hannibal87
New charges will be missing for HOURS after making them. Literally no other bank I’ve ever used has done this, and it’s unacceptable that your bank is incapable of giving you an accurate balance.
No Human Customer Service
BenjiWolf7
Instead of 2 step auth, the bank uses 3 step auth. However I am unable to speak with a human to reset my email to access my account and funds. I was on hold for 40 minutes when calling a random number found in the Novo forums, and get automated responses from every email sent to support. It’s been 2 weeks since I’ve tried to resolve this and no human has gotten back to me. Unacceptable.
Good Luck with Support
vkm416
Hard to get anyone to respond to inquiries in a timely manner. Inconvenient banking system. TRIED to close my account within a month of opening… still waiting a week later. Too complicated.
Worst experience ever
Nolank270
I cannot recommend enough against using this bank! Seriously, you will regret it. Let’s list some reasons… - They take several days to fund any transfers. - Mailing a check online will take around 10-15 days. - Their online deposit system doesn’t work. Hear me on this!!! They are an ONLINE bank, and their ONLINE deposit doesn’t work! You’re left with only one option - endorse and snail mail in your check. Security be damned. - They refuse checks that go through a deposit service. We use a physical address mailbox. They offer a check deposit service which would somewhat mitigate the cluster F that is Novo’s dysfunctional deposit system. But no, they won’t accept a check unless it’s endorsed, meaning we can’t even have a business service help us deposit the checks. - No ability to talk to an actual person other than a help chat. If you care about being able to do business efficiently, run far far away from this scam of a bank. It’s been a nightmare since the beginning with nonstop issues.
Warning
jwtoler
Be careful when it comes to fraud. They will not support you the least bit it someone steals your information!!
