Novo - Small Business Checking

Novo - Small Business Checking

Built for modern businesses

20K ratings
211 reviews
Free

Details

  • Released
  • Updated
  • September 25, 2018
  • September 22, 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
iphone
ipad
🖼️Get Icon
Icons↘︎

About

This app offers a digital checking account designed for modern small businesses. Apply online quickly and access free banking tools, including debit card control, bill pay, ACH transfers, and check deposits. Manage funds efficiently with features like transaction categorization and savings reserves.

✓Online account application
✓Free banking tools
✓Debit card control
✓Bill pay and ACH transfers
✓Check deposit
✓Transaction categorization
✓Savings reserves
Show original description

What users say

See all reviews
+1

What's New in Novo

4.69.2

September 22, 2026

• Novo Direct — send money to another Novo customer instantly, for free. • Ask AI — get answers about your actual account, not just our help articles. • Invoices — new overview dashboard, client payment profiles, and split payment schedules. • Bug fixes with Performance Improvements.

More

User reviews

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.

Great until it’s not

This is not a dig on Novo as a bank. Just the app. PIN settings are hidden. The app offers biometric security but still requires a password every 5 seconds to do anything meaningfully important. Not a fan.

Constant Check Capture Issues

Their camera capture is far below industry standard in terms of performance and being able to successfully capture checks via the phone camera. Support is 100% not helpful either.

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 digital checking account specifically built for modern small businesses. While not a bank itself, it offers banking services through Middlesex Federal Savings, F.A., a Member FDIC. It provides a suite of free banking tools accessible through its app to help businesses manage their finances.

What are the key features of Novo?

Key features include a quick online application process, free banking tools, control over your debit card, bill payment capabilities, ACH transfers, check deposits, transaction categorization, and the ability to set aside funds in Reserves. You also receive a physical and virtual debit card for payments and fee-free ATM withdrawals.

Is Novo free to use?

Yes, Novo provides free banking tools to small businesses. There are no fees from Novo for using their services, including sending unlimited payments and paper checks, and using any ATM. The banking services are provided by Middlesex Federal Savings, F.A., Member FDIC.

Who can apply for a Novo Business Checking Account?

Novo supports almost any business operating in the U.S. The primary requirement is that the business owner must have a social security number to apply for a Novo Business Checking Account. This makes it accessible to a wide range of entrepreneurs.

How can I manage my business funds with Novo?

You can manage your business funds by linking existing accounts, controlling your debit card, paying bills, processing ACH transfers, and depositing checks directly through the app. You can also categorize transactions and use the 'Reserves' feature to separate funds for savings, providing a clear overview of your financial health.