
Novo Business Checking Account
in Business Checking Accounts from Novo Bank · Member fdic
Unaffiliated Visit Site
Novo Business Checking Account
in Business Checking Accounts from Novo Bank · Member FDIC
Would you recommend Novo Business Checking Account to your friends?
Community Rating |
Rating not yet determined |
Monthly Fee | $0 |
ATM Fee: Out-of-Network | $0 |
Minimum Balance to Avoid Monthly Fee | $0 |
APY (Annual Percentage Yield) | 0% |
Novo Business Checking Account Review
Novo Business Checking Account is offered by Novo Bank, a bank founded in 2016 and based in New York, NY. Novo Business Checking Account is available in 50 states (and Washington, DC).
- 0% APY. As with most checking accounts, Novo Business Checking Account does not pay interest.
- $0 monthly fee. This account does not charge a monthly maintenance fee.
- $50 minimum deposit. This account requires a higher minimum initial deposit than most of the accounts we track.
- No ATM fees. Novo Business Checking Account does not charge fees on ATM transactions.
- ATM fee reimbursements. This account will reimburse you for the ATM fees charged by other financial institutions.
- Free bill pay. Pay your bills to practically anyone in the United States through Novo Bank.
- Soft credit pull. This bank will not perform a hard credit pull when you open a checking account.
Pros | Cons |
---|---|
|
|
Are business checking accounts from Novo Bank federally insured?
Yes, your Novo Bank business checking accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #28368). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.
What APY does Novo Business Checking Account offer?
Novo Business Checking Account is not an interest-bearing account.
What are the account minimums for Novo Business Checking Account?
Novo Business Checking Account requires a minimum initial deposit of $50 to open an account.
Description | Amount |
---|---|
Minimum Initial Deposit | $50 |
What fees does Novo Business Checking Account charge?
The good news is that this account does not have a monthly service charge.
Description | |
---|---|
ATM Fee: In-Network | $0 |
ATM Fee: Out-of-Network | $0 |
ATM Reimbursement Monthly Limit | N/A |
Bank Teller Fee | N/A |
Check Cashing Fee | $0 |
Check Copy | N/A |
Check Image Service | N/A |
Debit Card Replacement Fee | $0 |
Early Account Closure | $0 |
Foreign Transaction Fee (Debit Card) | N/A |
Monthly Fee | $0 |
NSF Fee | $27 |
Online Bill Pay Fee | $0 |
Overdraft Item Fee | N/A |
Overdraft Protection Fee (per transfer) | N/A |
Paper Statement Fee | $0 |
Returned Deposit Fee (Domestic) | $27 |
Returned Deposit Fee (International) | N/A |
Stop Payment Fee | $0 |
Wire Transfer Fee - Domestic (Incoming) | $0 |
Wire Transfer Fee - Domestic (Outgoing) | N/A |
Wire Transfer Fee - International (Incoming) | $0 |
Wire Transfer Fee - International (Outgoing) | N/A |
What features and perks does Novo Business Checking Account offer?
This account includes the following features:
- ATM reimbursement - This account will reimburse you for the ATM fees charged by other networks.
- Fraud monitoring - Novo Business Checking Account monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
- Free Bill Pay - Bill Pay allows you to pay bills easily from your account.
- Mobile Banking Services - Novo Business Checking Account allows you to manage your money online. This includes depositing checks in your account with your smartphone.
- Nationwide ATM network - Conveniently transact at a nearby ATM.
- Soft credit pull - Novo Business Checking Account performs a soft credit pull so you can check whether you qualify without hurting your credit.
Availability
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Washington, DC
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
Feature Breakdown
Minimum Balance to Avoid Monthly Fee | $0 |
Minimum Initial Deposit | $50 |
Novo Business Checking Account Community Reviews
Would you recommend Novo Business Checking Account to your friends?
- Alzo Bank Business Checking Accounts
- Bridge City Bank Organization Link
- City Bank Commercial Interest Checking Account
- City Bank Small Business Checking Account
- Community First Bank Business Checking Account
- Community First Bank Commercial Checking Account
- Community First Bank Simply Free Business
- Community First Credit Union Local Trade Checking Account
- Exchange Bank EBusiness Advantage
- Gate City Bank Business Analysis Checking
- MembersFirst Credit Union Basic Business Checking
- US Bank Silver business checking