Novo - Small Business Checking
In 1 list, ranked #78: below the top 40, which get a tier.
What is Novo?
Novo is a fintech, not a bank, and banking services are provided by Middlesex Federal Savings, F.A.; Member FDIC. The app lets small businesses apply online, link existing accounts, pay bills, process ACH transfers, deposit checks, categorize transactions, and separate savings in Reserves.
Pricing. Novo - Small Business Checking is free, with no in-app purchases on the App Store.
Good for
- Small businesses operating in the U.S. Whose owner has a social security number
- Paying bills, sending ACH transfers, and sending paper checks
- Separating business savings into Reserves within the app
Screenshots
Description
Do you need a checking account for your small business? Novo is for modern businesses. With Novo you can apply for an account online in minutes, so you have more time to focus on your business. Novo is a fintech, not a bank. Banking services provided by Middlesex Federal Savings, F.A.; Member FDIC. Novo provides free banking tools to small businesses, all within the Novo app. You can link your existing accounts, control your debit card, pay your bills, process ACH transfers, deposit checks, categorize transactions, and separate your funds for savings in Reserves. You’ll receive a Novo Mastercard Business Debit Card and The Novo Virtual Card to pay for things online, 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're able to apply for a Novo Business Checking Account.
Alternatives
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Where it is listed
Questions about Novo
Is Novo a bank?
No. The listing says Novo is a fintech, not a bank, and banking services are provided by Middlesex Federal Savings, F.A.; Member FDIC.
Who can apply for an account?
The listing says Novo supports almost any business operating in the U.S. The owner must have a social security number to apply for a Novo Business Checking Account.
What cards come with the account?
The listing mentions a Novo Mastercard Business Debit Card and The Novo Virtual Card. It says ATM use has no fees from Novo, and unlimited payments and paper checks are free.
All the facts
- Price
- Free
- App Store rating
- 4.8 out of 5
- Number of ratings
- 20,054
- Current version
- (5 days ago)
- App Store data read
- App Store category
- Finance
- Good for
- Small businesses operating in the U.S. Whose owner has a social security number, Paying bills, sending ACH transfers, and sending paper checks, Separating business savings into Reserves within the app
- Requires
- iOS 15.3 or later
- Size
- 229 MB
- Age rating
- 4+
- Languages
- 3
- Developer pages
- Website · Support · Privacy policy
- Maker
- unclaimed
- As data
- JSON · why it ranks here