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Novo

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Smarter online business banking solutions for small businesses and self-employed entrepreneurs.

Free plan available, paid tiers above
Freemium Finance Invoicing Expense Management
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Reviews on G2 Trustpilot
4,812 reviews tracked

The Bottom Line

Price
Free plan available, paid tiers above. Compare plans

Key facts

  • Offers a free online business checking account with no hidden fees.
  • Provides tools for invoicing, budgeting, expense management, and integrates with popular business apps.
  • Designed for small businesses, freelancers, and self-employed individuals to simplify financial operations.

Pros

  • Business banking for small businesses
  • No hidden fees approach
  • Integrates with business tools
  • Easy account setup
  • Mobile-first banking

Cons

  • Limited to US businesses
  • No physical branch locations
  • Feature set still evolving
  • Deposit and transfer limits
  • May not suit all business needs

What is Novo?

Editorial review
Novo offers a flexible and forward-thinking online business banking platform designed to help small businesses, freelancers, and self-employed individuals manage their finances efficiently. It provides a free checking account with features like easy invoicing, intuitive budgeting, real-time insights, and hassle-free funding options. The platform aims to simplify financial operations by allowing users to create custom, branded invoices with automatic reminders, set up automatic allocations for payroll and taxes, and categorize expenses with AI-powered spreadsheets. Novo also emphasizes seamless integration with popular business tools such as QuickBooks, Stripe, Gusto, and Square, consolidating financial management in one place. Novo is built to support business growth by providing access to flexible funding, educational resources, and a community of like-minded business owners. It prioritizes security with FDIC insurance for deposits up to $250,000, bank-level encryption, and real-time fraud alerts, ensuring that users' financial data is safe.

Available on: Web, iOS, Android

how we evaluate Source novo.co ↗

Ratings Across the Web

4 (4,812 reviews)

Novo holds an aggregate rating of 4 out of 5 from 4,812 reviews across G2 and Trustpilot, last checked September 17, 2026.

G2 11 reviews
3.5/5
Trustpilot 4,801 reviews
4.2/5

Ratings aggregated from independent review platforms. Learn more

Key Features

  • Business banking
  • Free checking
  • Invoicing
  • Reserve accounts
  • Integrations
  • No minimum balance

Pricing Plans

Pricing checked Oct 3, 2026

Novo plans and prices, checked October 2026
PlanPriceDetails
Free

$0

  • No monthly fees
  • No minimum balance
  • Free unlimited invoicing
+3 more
  • Free bill pay
  • $7/mo ATM fee refunds
  • Free ACH transfers
View full pricing

Is Novo worth the price?

Great value

Novo's pricing is exceptionally generous, offering a completely free tier with no monthly fees or minimum balance requirements.

The inclusion of free unlimited invoicing, bill pay, and ACH transfers makes it highly competitive. This is an excellent option for small businesses and self-employed entrepreneurs looking to minimize banking costs.

Full Novo pricing: every plan, hidden costs and alternatives

Reviews

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4.0/5

Across 4,812 verified user reviews on Trustpilot, G2

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Best Novo Alternatives

Top alternatives based on features, pricing, and user needs.

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Banking services for small businesses and entrepreneurs, currently undergoing new initiatives.

4.4
Found logo
Found Freemium

Smarter banking, bookkeeping, and tax management for small businesses and freelancers.

4.5
Bluevine logo
Bluevine Freemium

Banking beyond expectations with a powerful business banking platform for growth.

See all finance tools →

Still deciding?

Most buyers shortlist 2 or 3 tools before committing. Pull a side-by-side comparison or browse the full alternatives shortlist below.

Novo vs Wise Head-to-head: features, pricing, who wins Novo vs Mercury Head-to-head: features, pricing, who wins Novo vs Oxygen Head-to-head: features, pricing, who wins

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Novo FAQ

How does Novo help small businesses manage their finances efficiently?

Novo provides a free checking account with features like easy invoicing, intuitive budgeting, and real-time insights. It also allows users to create custom, branded invoices with automatic reminders and set up automatic allocations for payroll and taxes.

Which teams or individuals benefit most from using Novo?

Novo is designed for small businesses, freelancers, and self-employed individuals. It helps these users manage their finances efficiently and simplifies financial operations.

How is Novo's pricing structured?

Novo is available on a free tier, with paid plans offered for users who require more usage and additional features. This allows businesses to choose a plan that fits their specific needs.

What kind of integrations does Novo offer for business operations?

Novo offers seamless integration with popular business tools such as QuickBooks, Stripe, Gusto, and Square. These integrations help consolidate financial management in one place for users.

What are the main limitations a business might encounter with Novo?

Novo is currently limited to US businesses and does not offer physical branch locations. Additionally, there are deposit and transfer limits, and its feature set is still evolving, which may not suit all business needs.

How does Novo compare to a competitor like Found?

Novo offers a free checking account with features like invoicing and budgeting, similar to Found, but emphasizes seamless integration with a range of popular business tools. Novo also provides access to flexible funding and educational resources for business growth.

Source: novo.co

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