Novo Business Checking Account
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| Community Rating | Strongly recommended |
| Monthly Fee | $0 |
| ATM Fee: Out-of-Network | Starting at $0 |
| Minimum Balance to Avoid Monthly Fee | Starting at $0 |
| APY (Annual Percentage Yield) | 0% |
| Number of Reviews | 6 |
Novo Business Checking Account Review
Novo Business Checking Account is offered by Novo Bank, founded in 2016 and based in New York, NY. Novo Business Checking Account is available in 51 states across the USA.
Key Takeaways
- 0% APY. As with most checking accounts, Novo Business Checking Account does not pay interest.
Novo Business Checking Account Pros & Cons
| Pros | Cons |
|---|---|
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Novo Business Checking Account FAQ
Are business checking accounts from Novo Bank federally insured?
No, your Novo Bank business checking accounts are not insured by a federal insurance agency. This means that if Novo Bank were to fall into financial difficulties, your deposits are not covered by a government backed insurance fund like the FDIC or NCUSIF.
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?
This account charges a monthly maintenance fee of $0.
| Description | |
|---|---|
| ATM Fee: In-Network | $0 |
| ATM Fee: Out-of-Network | Starting at $0 |
| Check Cashing Fee | $0 |
| Debit Card Replacement Fee | $0 |
| Early Account Closure | $0 |
| Monthly Fee | $0 |
| NSF Fee | $27 |
| Online Bill Pay Fee | $0 |
| Paper Statement Fee | $0 |
| Returned Deposit Fee (Domestic) | $27 |
| Stop Payment Fee | $0 |
| Wire Transfer Fee - Domestic (Incoming) | $0 |
| Wire Transfer Fee - International (Incoming) | $0 |
What features and perks does Novo Business Checking Account offer?
This account includes the following features:
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Message From Novo Bank
Contact
- Headquarters
-
43 W 23rd St
New York, NY 10010 USA - Visit Site
- Email Support
About Novo Business Checking Account
Availability
Available in 50 states and Washington, D.C.
- Alaska
- Alabama
- Arkansas
- Arizona
- California
- Colorado
- Connecticut
- Washington, DC
- Delaware
- Florida
- Georgia
- Hawaii
- Iowa
- Idaho
- Illinois
- Indiana
- Kansas
- Kentucky
- Louisiana
- Massachusetts
- Maryland
- Maine
- Michigan
- Minnesota
- Missouri
- Mississippi
- Montana
- North Carolina
- North Dakota
- Nebraska
- New Hampshire
- New Jersey
- New Mexico
- Nevada
- New York
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Virginia
- Vermont
- Washington
- Wisconsin
- West Virginia
- Wyoming
Feature Breakdown
| Minimum Balance to Avoid Monthly Fee | Starting at $0 |
| Minimum Opening Deposit | Starting at $50 |
Novo Business Checking Account Community Reviews
Would you recommend Novo Business Checking Account to your friends?
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