Good experiences all around, simple app that always works. The app lacks some of the info available in the online portal, but that probably makes it better, easier to use. Don't ever use their "rush"... See more

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Novo is banking built for independent businesses. Get paid, move money, and manage cash flow with a free business checking account and a platform actually designed for small business owners — no branches, no monthly fees, no minimum balances. What does Novo offer? Novo brings together the tools independent businesses need to manage their money from one platform. Open a free business checking account with no monthly fees or minimum balance requirements. Send unlimited invoices and accept payments online. Organize funds for taxes, payroll, and savings with Novo Reserves, and track and manage business expenses with real-time transaction insights. Connect the tools you already use — QuickBooks, Stripe, Shopify, Square, and more — and access your money fast with faster payouts from payment processors. How is Novo different from traditional banks? Novo was built specifically for independent businesses rather than adapted from consumer or corporate banking. Everything runs from one dashboard, so owners spend less time on banking and more time on their business. Is Novo secure? Business security is built in: deposits are FDIC-insured through Novo's partner bank, and accounts include fraud monitoring, secure card controls, and instant card freezing. Who is Novo for? Novo serves over 250,000 small businesses — professional services, e-commerce sellers, contractors, trades, retail, hospitality, and wellness companies — all looking for a modern alternative to traditional business banking. To learn more, visit novo.co. Novo Platform Inc. (“Novo”) is a fintech, not a bank. Banking services provided by Middlesex Federal Savings, F.A., Member FDIC. Deposits are insured for up to $250,000 through our partner bank, Middlesex Federal Savings, Member FDIC.
Contact info
123 William St, 10038, New York, United States
- support@novo.co
- novo.co
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Convenience.
It was easy to open the account
It was easy to open the account, Debit card arrived within a week
Novo is amazing
Novo is amazing! This is my first business account and I am so impressed by all the things I can do in my Novo app. The app is so user friendly, I love everything about it!
Such a great company and useful product…
Such a great company and useful product for businesses.
I've been with Novo for years now
I've been with Novo for years now - love them - never any issues!
So far so good
So far so good. I really enjoy Novo as a business bank account, very simple to use and has the proper tools in place to help opperate my business.
I wanted to simply change my DBA
I wanted to simply change my DBA, which the system gives me this option. However, I was told by a rep that they could not add this DBA because an existing DBA is already on file.
From my perspective, I naturally assumed that updating a DBA would automatically remove the current DBA if only one DBA is allowed. I immediately responded to remove the older, but I did not get a response. This is just before the weekend, so I understand there was a bit of a delay.
The DBA was changed, but I would still say it wasn't 100% smooth, which is why it is not a full five stars.
My only other complaint is that Novo does not have a dark mode on the mobile app, which is odd considering that most mobile apps have this option.
Overall, my experience with Novo has been positive so far. I am just now starting to actively use my Novo account. This was my first interaction, so we'll see how things continue to go as my business grows. I am hopeful.

Reply from Novo
NOVO Is the clear solution for small business banking.
Yeah, Novo's online banking platform is a breath of fresh air, has all the features, functionality, and service you need with nothing you don't. So glad that we found Novo.
Best online bank, hands down!
Novo is, by far, the absolute best online banking experience I've ever had. I joined Novo when they first started and have been pleased with every interaction I've had thus far. The website is easy to navigate, the user perks are fantastic, the integrations are easy to use, and the customer service is top notch. Response time is super fast when I have a question or need help, and I have never had issues with getting the answers I need. They don't treat me like another account number; they treat me like a valued customer.
Easy to use UI
I’ve been using Novo since 2022 and…
I’ve been using Novo since 2022 and I’ve had no problems whatsoever since. The system is user friendly and their customer service agents are always friendly and helpful. I recommend Novo to business professionals.
Very happy with novo except the user…
Very happy with novo except the user experience regarding uploading my excel invoice. It’s not apparent to my customers to see my detailed invoice attached to my novo invoice that just gives price
I have to send the novo invoice then send my excel invoice
For the moment is a very interesting…
For the moment is a very interesting platform. Thank you. And client service is good. I hope keeping this account and keep doing business.
Great account to build reserves for my…
Great account to build reserves for my small business!
Novo takes no responsibility for its…
Novo takes no responsibility for its systems working but they try to sell a lot of useless stuff. For about 3 months, novo would not allow me to access my account. Actually, it was more time than that, but I sorted out a go-around that worked until a few months ago. THEY will say that I didn't receive SMS messages because they didn't have the correct phone number. That is bogus as I used it for some time before they started screwing up. AND every other financial institution has been able to use the number for SMS purposes all this time. AND I updated the number a few times to humor them when I first had the problem, maybe a year ago now. To shut them up and hopefully get access to my money and invoicing, etc, I gave them my Google Voice number which is NOT something I consider SECURE. But it worked, which surprised me because other financial institutions have not allowed the use of a Google Voice number. Then, when I finally got access, I moved the remaining funds I had from sub-accounts to the main account to withdraw it. Next thing I knew, that over $600 had disappeared from my account. For the past couple of weeks I have tried to get support to find out what happened. ZIPPO. Per usual I got the automatic, 'how did we do?' email but no actual response. Today I got a 'we haven't heard from you since we solved your problem so hope everything is OK.' WTF? What about my repeated queries about the $600+ that is missing? Jokers in support. This was just the final straw. When I referred a colleague a couple of years ago, after novo pestered me to make referrals, and they treated her like crap. What a bozo organization. I am preparing consumer complaint documents through my state banking and insurance commission at this point.

Reply from Novo
day 15 of no access to my money AFTER VERIFICATION OF IDENITY
day 15 of no access. i had my account hacked july 3rd immediately reached out ( can only do so eith trouble tickets ugh) on july 5th after doing the pandaform to verify my identity and being assured everything was ok and they finally unlocked my account/ within five min it was locked again. and they arent sure why just say that if anything is needed they will reach out. however nobody has. i needed to pay for my dads funeral and have yet to be able to therefore they are not giving me his ashes due to novo holding MY MONEY that i verified id on FROM ME. i filed compalaints with consumer board. but still my dads ashes are being held cuz novo wants to play robber and theives with my money

Reply from Novo
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