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Novo (Company)

Strongly recommended6 total votesacross 1 product
5 users recommend
1 users are unsure
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  • Novo Business Banking Account

    Strongly recommended

    6 Reviews

    5
    1
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Novo Review

Novo was founded in 2016 and is based in New York, NY.
Learn more about Novo and its products by browsing the services it offers. You can also read our community reviews and hear what others have to say about their experience with Novo.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Novo logo

Message from Novo

Novo is a business banking platform built for today’s business owners. Since launching our invite-only release, freelancers, startup founders, and small business owners alike have been opening business checking accounts in minutes, securely and easily with no minimum balance requirements. To be clear: we are an independent tech company. We’re not owned or operated by a bank, and we leave the banking to our incredible partner, Middlesex Federal Savings. Novo is bringing small business banking into the modern age with easy-to-use tools for businesses on the go. Customers are at the heart of everything we do. We align ourselves directly with what they want, iterate quickly, and launch new products constantly to show we care. Our main goal is to delight our customers in a way no one else does to accomplish what no one else can. Novo is powered by some of the brightest minds from tech to financial services, and we’re all working toward one goal: changing the way businesses bank - everywhere. We’re a group of passionate individuals that care about helping small businesses succeed. The entrepreneurial mindset is part of our DNA, and we’re building a culture of innovation and transparency to create the most compelling banking experience possible.

Contact

Headquarters

43 W 23rd St
New York, NY 10010
Email Support

SuperMoney Net Recommendation Score

SuperMoney users strongly recommend this product, giving it a user recommendation score of +83, or 4.7 on a 5-point rating scale.

+83

-1000+100
No one recommends
Everyone recommends
The recommendation score reflects customer satisfaction with a provider. A score of +100 means every customer recommends the provider, while -100 means none of them do. These scores are based entirely on community member votes and are not influenced by partner compensation. SuperMoney removes fake reviews when detected.

Novo Community Reviews

Would you recommend Novo to your friends?

JO

Jomiloju O.

Jan 10, 2022

May or may not recommend

Review for Novo Business Banking Account

The Novo Business Checking Account, if not the best, then one of the best accounts I’ve ever used. The bank doesn’t charge any monthly fees. And unlike others, there are no charges on practically all the transactions I performed including wire transfer.

BS

Bamidele S.

Nov 24, 2021

May or may not recommend

Review for Novo Business Banking Account

If you are looking for a business checking account that will allow you to earn interest so your money can grow, then I will advise you to stay away from this account. But if you don't care about the interest banking with the Novo Business Checking Account make sense. For me,it is the fact I can perform almost all transactions on my smartphone without any hassles. And I always ...Show More

AF

Anthony F.

Apr 22, 2021

May or may not recommend

Review for Novo Business Banking Account

Novo is great for side hustles and small businesses. You are a business even if you don't have an LLC with this bank. I use this bank for my business and have had all my atm fees refunded to me by Novo. They don't charge an atm fee themselves and will pay back any atm fees that the atm charges you. I highly recommend this bank for anyone that needs ...Show More

KL

Kevin L.

Feb 27, 2021

May or may not recommend

Review for Novo Business Banking Account

We had been initially very excited about the Novo no fee business checking account. We were switching over from one of the big banks, that charged fees on everything and we're especially excited about the no atm fees and reimbursement of out of network fees. The initial deposit was only $50 which was not as important to us , but might be to those starting out. But... It took almost ...Show More

VD

Vic D.

Feb 26, 2021

May or may not recommend

Review for Novo Business Banking Account

Money magazine says that they are the best business checking account around. They give banking a fresh breath of air. In as little as 10 minutes your new bank account can be up and running. They are FDIC insured, no hidden fees, and they are very service first. I would recommend doing business NOVO.

Showing 5 of 6 reviews

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