Novo - Small Business Checking

Business banking made easy

Novo - Small Business Checking

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App stats

By: Novo Platform Inc.

Users: 228,266

500

Rating: 4.63

(5,698)

26 new ratings

Version: 4.23.0 (Last updated: 2024-11-20)

Creation date: 2020-01-23

Email: su*****@novo.co

URLs: Website ,Privacy policy

Permissions

Location: approximate location (network-based), precise location (GPS and network-based)

Phone: read phone status and identity

Photos/Media/Files: read the contents of your USB storage

Storage: read the contents of your USB storage

Camera: take pictures and videos

Wi-Fi connection information: view Wi-Fi connections

Device ID & call information: read phone status and identity

Other:

receive data from Internet
view network connections
change network connectivity
full network access
control Near Field Communication
run at startup
reorder running apps
control vibration
prevent device from sleeping
read Google service configuration

Ranking

# 131,006 ▼ 113

Other rankings

#12 in business keyword 80 ▲ #14 in business leads keyword 19 ▲

Other platforms

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App summary

Analyze keywords

Do you need a checking account for your small business? Novo is for modern businesses.

With Novo you can apply for an account online in minutes, so you have more time to focus on your business.

Novo is a fintech, not a bank. Banking services provided by Middlesex Federal Savings, F.A.; Member FDIC. Novo provides free banking tools to small businesses, all within the Novo app. You can link your existing accounts, control your debit card, pay your bills, process ACH transfers, deposit checks, categorize transactions, and separate your funds for savings in Reserves.

You’ll receive a Novo Mastercard Business Debit Card and The Novo Virtual Card to pay for things online, around the world, and use any ATM without fees from us. Send unlimited payments and paper checks for free.

Novo supports almost any business operating in the U.S. As long as the owner has a social security number, they're able to apply for a Novo Business Checking Account.

User reviews

These summaries are automatically generated weekly using AI based on recent user reviews. Google Play Store does not verify user reviews, so some user reviews may be inaccurate, spammy, or outdated.

Pros

Good user interface and design
Useful features like invoice management and reserve accounts for taxes
No sneaky fees and reliable transactions
Intuitive app with a range of integrations
Easy to use for simple banking needs

Cons

Customer service response times are slow and often unhelpful
Issues with check deposits and app freezing
Limited transaction speeds and sometimes delayed updates
Security concerns regarding unauthorized transactions
Difficulties reaching live support when problems arise

Most mentioned

Customer service issues
Check deposit problems
Good user experience and features
Security concerns
Slow transaction processing

User reviews

Novo as a bank has been good. The only complaint I have is their limits on check deposits and other transfers severely limit my business's ability to operate smoothly. They do let you ask for limit changes, but they seem to only allow temporary limit changes, and that helps... temporarily. That is my only complain though. The app is great, and the features are all great. It's very reliable, no sneaky fees, and doesn't chew up tons of phone resources. 4.75 stars.

Matt Carroll, 2024-06-30

Updated* The issues I mentioned in my original review seem to be fixed. Still experiencing issues with certain functions but it seems like the devs are working them out pretty quickly. Original* One of the buggiest apps I've used in quite a while. The design looks nice which is why I didn't give it 1 star, but it constantly freezes, pop-ups with integrations are buggy and I can't even upload a picture without the entire app freezing.

Ben Murphy, 2024-05-30

Novo is a good option for business banking. I really appreciate the invoice feature and the detailed historic graphs. However, certain transactions are slower than expected. Depositing my 1st check to the account took almost 10 days to post...that needs to be better! Hopefully it will be faster if I ever need to use a check again in the future. Overall, I feel this is a really good business account option.