Novo Business Checking Account Review

Unlimited monthly transactions: You can deposit and withdraw money from your Novo account as often as you’d like without fear of running into transaction limits or paying a per-transaction rate. If your business has a high monthly transaction volume, there’s no overstating the importance of this perk.

No monthly maintenance fees: Novo is one of the few business checking accounts that doesn’t charge monthly maintenance fees, regardless of your balance. In fact, it hardly charges any fees at all. As long as you don’t overdraw your account, you don’t have to worry about paying anything to use Novo.

Unlimited ATM reimbursements: Novo doesn’t maintain its own ATM network or partner with a nationwide ATM network like Allpoint. But that doesn’t matter, because Novo reimburses you for any ATM fees the machine owner charges you. You’re free to use whatever ATM is most convenient for you without getting slapped with fees.

User-friendly online and mobile banking tools: Novo is an online bank, so it places a strong emphasis on its online and mobile banking tools. You can transfer funds, view transaction histories, pay bills, set up account alerts, deposit checks, and integrate your Novo account with other business software you already use. 

Integrates with business and payment services: Novo enables you to integrate your business checking account with Xero account software, Slack, Zapier, and TransferWise, with more integrations coming soon. You can also use your Novo debit card with Apple Pay or Google Pay if you don’t want to carry your card around with you. 

Score discounts on popular business software: Novo members get discounts on popular business services, including cloud storage, customer relationship management (CRM) software, and payment processing software. Check Novo’s website for a full list of available discounts.