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Novo Bank

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Novo Review

Novo business banking offers integrations for accounting and eCommerce, though it does not offer the opportunity to earn interest on accounts or card rewards.

    Kate Hoots
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Advertiser Disclosure: Our unbiased reviews and content are supported in part by affiliate partnerships, and we adhere to strict guidelines to preserve editorial integrity.

Novo At A Glance

  • FDIC-insured online checking account
  • Aimed at small businesses
  • $50 opening deposit requested

What We Like About Novo

  • Fast application process, with no credit check
  • No monthly or recurring fees
  • Deposit and send checks using the mobile app
  • Free transfers and payments
  • All ATM fees reimbursed
  • Integrates with popular small-biz software

What We Don't Like About Novo

  • No interest-earning accounts
  • No cash deposits
  • No lending options
  • Not available to high-risk businesses

Kate Hoots

Kate Hoots

Expert Analyst & Reviewer at Merchant Maverick
An expert in business banking, consumer finance, and online payments, Kate Hoots has been writing about small business commerce since 2020. A former journalist for the West Linn Tidings and the Wilsonville Spokesman, Kate boasts wide experience in business leadership and communication. She has a degree in English Literature from Lewis & Clark College.
Kate Hoots
View Kate Hoots's professional experience on LinkedIn.
Kate Hoots

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Our unbiased reviews and content are supported in part by affiliate partnerships, and we adhere to strict guidelines to preserve editorial integrity. The editorial content on this page is not provided by any of the companies mentioned and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author’s alone.

The vendors that appear on this list were chosen by subject matter experts on the basis of product quality, wide usage and availability, and positive reputation.

Merchant Maverick’s ratings are editorial in nature, and are not aggregated from user reviews. Each staff reviewer at Merchant Maverick is a subject matter expert with experience researching, testing, and evaluating small business software and services. The rating of this company or service is based on the author’s expert opinion and analysis of the product, and assessed and seconded by another subject matter expert on staff before publication. Merchant Maverick’s ratings are not influenced by affiliate partnerships.

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