Description:
Novo is the perfect solution for modern small businesses looking for an easy, efficient way to manage their finances. In just minutes, you can apply for a Novo Business Checking Account and start focusing on what really matters—growing your business.
As a fintech platform (not a traditional bank), Novo partners with Middlesex Federal Savings, Member FDIC, to provide you with free, powerful banking tools all within the app. Whether it’s transferring funds, depositing checks, or managing your business expenses, Novo streamlines everything so you can get back to running your business.
Key Features:
Easy Application Process:
Apply for a business checking account online in minutes, with no long paperwork required.
Business Debit Card & Virtual Card:
Get a Novo Mastercard Business Debit Card to make purchases online or at stores. Also, use the Novo Virtual Card to shop globally and make secure payments wherever you go.
Fee-Free ATM Withdrawals:
Withdraw from any ATM without fees from Novo. Plus, send unlimited payments and paper checks for free!
Link Existing Accounts:
Easily link your existing bank accounts, making transfers and managing your business funds even simpler.
Bill Payments & ACH Transfers:
Pay your bills and send ACH transfers directly from the app. Manage all your payments in one place, hassle-free.
Transaction Categorization & Reserves:
Categorize your transactions and set aside money for savings in Reserves, helping you stay organized and financially healthy.
Supports Most Businesses:
As long as the owner has a social security number, almost any U.S.-based business can apply for a Novo Business Checking Account.