How to Open a Novo Bank Account - novo business banking review
Novo is a digital financial technology company that offers an accessible way to open and manage business checking accounts. By partnering with Middlesex Federal Savings, Novo's deposit accounts are insured by the Federal Deposit Insurance Corp, up to $250,000. Applying for Novo business checking is simple; you only need to create an account on their website and submit an application. You're eligible if you are at least 18, a U.S. citizen, or a permanent resident with a U.S.-based business.
To complete the application, you'll need to provide personal identification, business information, legal business documents, and a valid mailing address, Social Security number, and mobile phone number. Once you've submitted your application, Novo will review it and reply within two to three business days. Once approved, you can access your account, integrate it with existing business tools, and order multiple debit cards for added users with full access.
Don't settle for less when it comes to your business banking needs. Join thousands of business owners who have already made the switch to Novo. Sign up now and take your business to the next level!
Novo business checking is fee-free. There are no monthly fees, minimum balance requirements, no transaction fees, incoming wire fees, and free ATM access across the U.S. and abroad. Novo reimburses all fees incurred while using their ATMs. In addition, Novo's mobile check deposit, bill payment options, and bank checks are all free, with only insufficient or uncollected funds returned incurring a small $27 fee.
Novo's mobile and online banking options make managing your money effortless. Novo's features allow you to deposit checks, send money, receive payments through integrated invoicing, and budget with the Novo Reserves tool. In addition, Novo integrates with popular tools such as QuickBooks, Xero, Stripe, and Shopify; Novo Perks offers Perks offer discounts with partners like Google, Stripe, QuickBooks for added user benefits, and HubSpot.
Novo business checking provides an affordable, efficient, and accessible solution for small businesses to manage their finances anytime, anywhere.
Novo Business Checking: Limitations to Consider
If you deal with cash regularly, Novo Business Checking won't support traditional deposits; instead, you'll. Instead, you must purchase a money order and use their mobile check deposit feature. However, businesses that deal with cash regularly should consider other business bank accounts that offer partner ATM networks for cash deposits.
Don't settle for less when it comes to your business banking needs. Join thousands of business owners who have already made the switch to Novo. Sign up now and take your business to the next level!
In conclusion, Novo's business checking account offers fantastic features to help businesses of all sizes manage their finances. With low fees, uninterrupted access to funds, and advanced security measures, it can be a simple yet powerful tool to help you reach your financial goals. In addition, the intuitive dashboard and analytics make it easier to see where your money is going and ensure that everything works the way it should. Finally, with Novo's business checking account in your toolkit, you'll have the necessary tools and resources to thrive. So if you're looking for a reliable solution to keep your business running smoothly, Novo's checking account has you covered.
