--- title: "Free Online Business Bank Account for Small Business | Novo" description: "Novo is an online business bank account for small business owners. No monthly fees, free standard ACH, invoicing and expense tracking, all in one place." canonical: "https://www.novo.co/" --- # banking built for independent businesses Trusted by 250,000+ independent businesses Manage accounts, books, payroll, credit and more with $5M FDIC-covered. Open a **FREE** account in 10 minutes. [Open account](https://onboarding.novo.co/signup) ## Banking with everything you need, whether you are an established employer or just starting out **Payments & invoicing** Send free invoices, and let automatic reminders do the chasing. Get paid by card or link, and pay vendors by ACH, wire or check. [Learn more](https://www.novo.co/business-payments) **Money in** **Money out** Money in Money out **Payroll** **Tax prep & filing** **Up to $5M in FDIC coverage** **Corporate credit card** **AI banking agent** **No minimums, no monthly fees** **Money in** **Money out** Money in Money out ## What other independent business owners are saying [Open account](https://onboarding.novo.co/signup) Customer since 2025 ### Banking tools that make starting easier “Novo solved the challenges I faced as a new business, with QuickBooks integration, easy bank transfers, mailed checks, and invoicing. It’s been simple and seamless without a single issue.” Joy O'Brien Starboard Integrative Psychiatry LLC Psychiatry ## Every account and app, finally in sync Stop juggling logins. Link your other banks and cards, accounting software and AI assistants, and see it all in Novo. Wells Fargo New York Community Bank Amex QuickBooks Xero Dropbox Novo MCP [See all integrations](https://www.novo.co/integrations) ## Fast funding for a growing business **Novo Business Loan.** Skip the fees other lenders tack on. There are no application or origination fees, and no penalty for paying it off early. Your interest goes down with every payment, and you see your whole cost before you accept.⁹ **Novo Funding.** Turn it on when you need it. Draw just the amount that works, pay only for what you use and see your fees up front.⁸ No strings left hanging. **Offers right in your account** If you're eligible, your offers show up right in your Novo account. No hunting for lenders, and no filling out application after application. **Eligibility based on your business** We look at your credit score, but also the real activity in your account: - Deposits - Invoices - Bills paid on time The more you run through Novo, the more doors can open. [Open account](https://onboarding.novo.co/signup) ## Banking that thinks ahead Reminders that chase invoices, money set aside before tax time, credit offers that come to you. All with no monthly fees and no minimums. ## See what's ahead, not just what cleared. [View all resources](https://www.novo.co/help) ### [How Novo Payroll works for W-2 and 1099 teams](https://www.novo.co/payroll) ### [Free tax filing in Novo: who's eligible and when it opens](https://www.novo.co/business-taxes) ### [How Novo's FDIC coverage of up to $5 million works¹](https://www.novo.co/business-banking-security/fdic-insurance) ### [What Novo's banking agent can do, and what it never does without you](https://www.novo.co/agentic-banking) --- Copyright © 2026 Novo Platform Inc. Novo Platform Inc. (“Novo”) is a fintech, not a bank. Banking services provided by Middlesex Federal Savings, F.A., Member FDIC. Eligible deposits are insured up to $5,000,000 per depositor through Middlesex Federal Savings, F.A., Member FDIC, and other banks in its sweep network. The Novo Debit Card is issued by Middlesex Federal Savings, F.A., and the Novo Business Credit Card™ is issued by Continental Bank, pursuant to licenses from Mastercard® International Incorporated. Mastercard is a registered trademark of Mastercard International Incorporated and can be used everywhere Mastercard is accepted. Eligibility subject to final Novo determination. The Novo Merchant Cash Advance is offered by Novo Funding LLC. Your eligibility for Novo products and services is subject to final Novo determination. \*Earn 2% cashback on eligible purchases with a Novo checking account balance of $5,000 or more, and 1% cashback with a balance of under $5,000. The Novo Business Loan™ is issued by Continental Bank. All loan approvals are subject to credit criteria and underwriting; terms and conditions apply. APR, loan amount, and repayment terms are based on your creditworthiness and will be disclosed at the time of your loan offer. You may prepay your loan in full or make additional payments at any time without penalty. Paid customer testimonials reflect individual experiences. Some links on this site may redirect you to third-party websites with different privacy and security practices. Novo is not responsible for the content or policies of external sites. Paid customer testimonials reflect individual experiences. [Privacy Policy](https://www.novo.co/legal/privacy) [Accessibility Statement](https://www.novo.co/legal/accessibility-statement)