Novo
Novo is a small business banking platform designed specifically for SMBs, startups, and freelancers, offering integrated business checking accounts with built-in invoicing, expense tracking, and accounting integrations. It provides a modern banking experience with no monthly fees and tools to help entrepreneurs manage their finances efficiently.
Free plan available
Features
Pros & Cons
Pros
- +No monthly account fees or minimum balance requirements
- +User-friendly interface designed for small business owners
- +Fast account opening process with minimal paperwork
- +Built-in tools reduce need for multiple financial platforms
Cons
- -Limited physical banking options as it's digital-only
- -Interest rates on deposits are typically lower than traditional banks
- -Some advanced features require third-party integrations
Pricing
| Plan | Price | Features |
|---|---|---|
| Standard Account | $0/mo | Free business checking account, No monthly fees, Unlimited transactions, Mobile and web access, One free debit card, Basic integrations |
| Additional Services | Pay-as-you-go | Additional debit cards ($5 per card), Wire transfers ($25 outgoing), Cash deposits via third-party, Premium integrations available |
Quick Info
- Category
- Accounting & Finance
- Starting Price
- Free
- Features
- 6 listed
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