Novo - Small Business Checking

Novo is a convenient and efficient way for small businesses to manage their finances. With Novo, you can easily apply for a business account online, saving you time and allowing you to focus on running your business. Unlike traditional banks, Novo is a fintech company that offers free banking tools specifically designed for small businesses. These services are provided through a partnership with Middlesex Federal Savings, F.A., a member of the FDIC.

One of the key features of Novo is the ability to link your existing accounts and manage them all within the Novo app. This includes controlling your debit card, paying bills, processing ACH transfers, depositing checks, and categorizing transactions. You can also set aside funds for savings in Reserves, making it easier to manage your finances and plan for the future.

When you open a Novo account, you will receive a Novo Mastercard Business Debit Card and a virtual card for online purchases. These cards can be used worldwide and at any ATM without incurring fees from Novo. Additionally, Novo allows for unlimited payments and paper checks to be sent for free, making it a cost-effective option for small businesses.

Novo is available for almost any business operating in the United States, as long as the owner has a social security number. This makes it accessible to a wide range of businesses, from freelancers and startups to established companies. With Novo, you can easily manage your business finances and have peace of mind knowing that your money is in good hands.