Free business checking for independent business
No monthly fees, no minimums, no transaction limits—just a business checking account you can actually count on. FDIC insured. Trusted by 250,000+ small businesses.
WHAT IS NOVO?
Novo is a free business checking account designed for independent businesses. FDIC insured through our partner bank, Middlesex Federal Savings, F.A., Member FDIC. No monthly fees. No minimums. No transaction limits. Trusted by 250,000+ small businesses—and open in minutes.
A business checking account with no monthly fees
Most banks charge monthly fees because they’re built to serve everyone — large corporations included. By focusing on providing banking access exclusively for small businesses, we can eliminate overhead and pass the savings to you. No monthly fees, no minimum balance, no transaction limits. Just a checking account that works the way your business does.
Every way to move money, all in one place
Transfer funds via free standard ACH, accept incoming wires at no cost, send domestic wires instantly, and pay vendors without the runaround. Novo puts every payment type in one place — fast, accessible, and without hidden fees attached to every transaction you make.
Built-in business savings tools
Set money aside automatically. No extra accounts needed. Novo Reserves lets you create up to 20 separate buckets inside your checking account — for taxes, payroll, slow seasons, or anything else. Set rules to automatically route a percentage of incoming funds into each one. Your money stays in your account, organized the way your business actually runs.
See how Novo compares
The difference between Novo and the big banks is in the details: fewer fees, fewer tools to juggle, more visibility into what's really happening with your money.
Less tools, more money in
"I was using personal accounts, sending invoices in Google Docs, and getting paid through PayPal. It felt messy and unprofessional. Now I have a dedicated account, seamless invoicing, and I just download my reports come tax season."
Features
Traditional Banks
Monthly fees
No monthly maintenance fees
Monthly fees and balance requirements common
Invoicing
Create and send invoices from your account
Requires separate tools or manual workflows
Invoice tracking
See when invoices are viewed and paid
No built-in tracking
Payment reminders
Automatic reminders sent for you
Manual follow-up required
Ways to get paid
Multiple ways to get paid, all in one place
Often requires separate tools or setups
Incoming payments
Know what’s coming in and when it will land
Limited visibility into incoming funds
Cash flow view
Track payments from sent → settled in one place
Scattered across systems and statements
Integrations
Works with Stripe, Square, QuickBooks, and more
Limited or requires extra setup
Intuitive Banking
Connects with the tools your business already runs on
Novo natively integrates with over 40 business tools—Stripe, QuickBooks, Shopify, Square, Xero, and more. Your transactions sync automatically, so bookkeeping stays current and cash flow is always visible. Less manual work, fewer tabs open, and one place where your finances actually make sense.
Spend anywhere. Get your ATM fees back every month.
Your Novo account comes with secure virtual and physical debit cards for spending at home or abroad. Novo doesn't charge ATM fees, and automatically reimburses third-party ATM fees at the end of each month—up to $7—at domestic and international ATMs. Your money, wherever you are.
FDIC insured and protected, so your money stays safe.
Your Novo deposits are FDIC insured through our partner bank, Middlesex Federal Savings, F.A., Member FDIC, giving you the same protections you'd expect from any major bank — without the fees that come with them. Pair that with secure virtual and physical debit cards, ATM fee reimbursements, and real-time visibility across all your spending.
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