Novo - Small Business Checking

Novo - Small Business Checking

Built for modern businesses

20K ratings
213 reviews
Free

Details

Released
September 25, 2018
Updated
November 5, 2026

Features

Novo - Small Business Checking screenshot #1 for iPhone
Novo - Small Business Checking screenshot #2 for iPhone
Novo - Small Business Checking screenshot #3 for iPhone
Novo - Small Business Checking screenshot #4 for iPhone
Novo - Small Business Checking screenshot #5 for iPhone
Novo - Small Business Checking screenshot #6 for iPhone
Novo - Small Business Checking screenshot #7 for iPhone
Novo - Small Business Checking screenshot #8 for iPhone
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About

Open a small business checking account online in minutes. Manage your finances with free tools, including bill pay, ACH transfers, check deposits, and transaction categorization. Get a free business debit card and virtual card for global spending and fee-free ATM access.

βœ“Online account application
βœ“Free business checking
βœ“Debit and virtual cards
βœ“Fee-free ATM access
βœ“Bill pay and ACH transfers
βœ“Transaction categorization
βœ“Fund separation for savings
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What users say about Novo

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+1

What's New in Novo

4.73.0

November 5, 2026

Bug fixes with Performance Improvements.

User reviews

Closed my account for no reason

I went to log into my account so I could transfer money and my account was closed. No warning, no prior email. Just closed

Wildly Incompetent

This bank is ONLY good for ACH transfers. They randomly turn off debit cards with no notice or warning, they consistently neglect to file for follow up on disputes and then, when you do finally get somone human to respond, they always side with the merchant- even when the merchant tells you to file the chargeback (in this case Amazon) this Bank is a joke from top to bottom. If you have anything more complicated than ACH transactions, go elsewhere. Novo is too incompetent
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App stuck in a loop

The app keep on asking me if i have an existing account or a new user, then it keep on asking to activate my biometrics every time I log in.

Worst bank I have ever dealt with.

Trying to deposit a check via the app. And they keep rejected it. Their A/I is not very intelligent. Imagine asking a client to write you a check over and over because your bank is not smart enough to accept a mobile deposit.

Zero added when making a transfer

My app always adds a 0 after the first number I input when I make a payout transfer to one of my external accounts. For example, if I input $2,380 the app understands $20,380. This is obviously a serious issue and I’m surprised it has persisted this long without a developer fix.

User experience

🐞

Reported Bugs

4 issues

App crashes and freezes

Bug

Inaccurate account balances

Bug

Syncing issues between website and mobile app

Bug

Problems with debit card activation and usage

Bug
✨

Requested Features

4 requests

Ability to attach receipts to transactions

Feature

Instant transfer options like CashApp

Feature

Savings account functionality

Feature

Improved check deposit process

Feature

FAQ

What is Novo?

Novo is a fintech company that provides a business checking account and free banking tools for small businesses through its mobile app. Banking services are provided by Middlesex Federal Savings, F.A., Member FDIC.

Is Novo free to use?

Yes, Novo offers free business checking accounts and free banking tools. This includes free payments, paper checks, and ATM access from us. There are no monthly maintenance fees.

How secure is Novo?

Novo utilizes industry-standard security measures to protect your account and data. Banking services are provided by a Member FDIC institution, offering an additional layer of security.

What devices does Novo support?

Novo is available on iPhone and iPad devices. It is designed for mobile access to your business finances.

How often is Novo updated?

The latest version of Novo is 4.73.0, and it was last updated on November 5, 2026. Updates typically include new features and performance improvements.

What are the main pros and cons of Novo?

Users praise Novo for convenient mobile banking, a user-friendly interface, and useful features like Profit First accounts. However, some users report issues with the mobile deposit feature, slow customer support, and a reliance on chatbots.

Can I link my existing bank accounts to Novo?

Yes, you can link your existing bank accounts to Novo. This allows for easier management of your finances and transfers between accounts.

Does Novo have ads?

No, Novo does not contain advertisements. The app is ad-free, allowing for an uninterrupted user experience.