Novo Promotions

Read our in-depth review of Novo to see why Novo scored 3.3 stars out of 5. We like their no monthly fees, unlimited atm refunds, and lots of software integrations.

Powerfully Simple Business Banking

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$0 monthly service fee
$50 deposit to unlock all features
Unlimited ATM fee rebates

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Member FDIC

Rewards Checking - Up to 1.00% APY

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Up to 1.00% APY
Unlimited domestic ATM fee reimbursements
Zero monthly maintenance fees
Zero overdraft or NSF fees
Online debit card management
Bank, borrow and invest in a single app
Only $50 to open an account

In-Depth Review

Highlights

Savings
No savings account, but you add up to 5 Reserves, which will not count in your spendable balance

Compare: Novo vs Axos Bank

Checking
No monthly fees; no balance requirements; $50 initial deposit to access all features

Read: Free Personal Checking Accounts

Compare: Novo vs Quontic

APY
N/A

Customer Service
Monday - Friday 9 am - 6 pm EST

Compare: Novo vs Citibank

Minimum Deposit Required
$50 to access all Novo's features

ATMs
Unlimited reimbursement of all ATM fees worldwide

Compare: Novo vs Discover Bank

Balance Requirement
None

Locations
Online only

Compare: Novo vs Chase

	Novo	BlueVine


	Benefits and Features
Savings	No savings account, but you add up to 5 Reserves, which will not count in your spendable balance	No savings account, but you earn interest on your checking balance
Checking	No monthly fees; no balance requirements; $50 initial deposit to access all features	No monthly fees; no balance requirements; no overdraft fees; 0.6% APY on balances up to $100,000
APY	N/A	0.6% APY on balances up to $100,000
Customer Service	Monday - Friday 9 am - 6 pm EST	Monday - Friday 8am to 8pm EST
Minimum Deposit Required	$50 to access all Novo's features	$0
ATMs	Unlimited reimbursement of all ATM fees worldwide	37,000+ MoneyPass ATMs
Balance Requirement	None
Locations	Online only	Online only
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

Novo Alternatives

Mobile Banking for Freelancers

$0 monthly service fees
$0 minimum opening deposit
No foreign exchange fee
Get direct deposits up to 2 days earlier

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Member FDIC

High Yield Savings

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0.61% APY on balance < $25,000
0.25% APY on balance $25K-$100K
0.15% APY on balance > $100K
No monthly maintenance fees
No minimum balance requirements
$250 minimum opening deposit
Free Incoming Wires
Zero minimum balance requirement

Articles on Novo

Novo Review

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