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Novo

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

  • $0 monthly service fee
  • $50 deposit to unlock all features
  • Unlimited ATM fee rebates
Axos Bank
Member FDIC

Rewards Checking - Up to 1.00% APY

  • 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

    Highlights

    Savings
    No savings account, but you add up to 5 Reserves, which will not count in your spendable balance
    Checking
    No monthly fees; no balance requirements; $50 initial deposit to access all features
    APY
    N/A
    Customer Service
    Monday - Friday 9 am - 6 pm EST
    Minimum Deposit Required
    $50 to access all Novo's features
    ATMs
    Unlimited reimbursement of all ATM fees worldwide
    Balance Requirement
    None
    Locations
    Online only
    Compare: Novo vs Chase
 Novo
 Learn MoreLearn More
 

Novo

BlueVine

 

Benefits and Features

SavingsNo savings account, but you add up to 5 Reserves, which will not count in your spendable balanceNo savings account, but you earn interest on your checking balance
CheckingNo monthly fees; no balance requirements; $50 initial deposit to access all featuresNo 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 ServiceMonday - Friday 9 am - 6 pm EST
Monday - Friday 8am to 8pm EST
Minimum Deposit Required$50 to access all Novo's features
$0
ATMsUnlimited 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

Lili

Mobile Banking for Freelancers

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

High Yield Savings

  • 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

Novo Bank provides digital banking services for entrepreneurs and small businesses. Explore Novo's features, business perks, and fees in this review.

Recent Mentions

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How many bank accounts you should have depends on your financial and professional situation. Learn how many is too many in this in-depth breakdown.
Lili Review
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Lili offers a business checking account and debit card for freelancers and independent contractors. Review the features to find out if Lili is worth it.
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More Business Promotions

Business

BlueVine

Business Checking - Up to 0.6% APY
Axos Bank
Member FDIC

Axos Bank

Rewards Checking - Up to 1.00% APY

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Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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