How is my money and account protected?

Your money is protected through our banking partner and built-in security measures.

Novo is a fintech, not a bank. Banking services are provided by Middlesex Federal Savings, F.A., Member FDIC. That means your deposits are held at Middlesex Federal Savings and are FDIC-insured up to $250,000.

We also use a range of security measures—some you can see, some you cannot—to help protect your account.