--- title: "Smarter Business Banking, No Monthly Fees | Novo" description: "Business banking built for independent businesses. Send invoices, track payments, and see your cash flow in one place — no monthly fees. Open an account." canonical: "https://www.novo.co/lp2/banking" --- # Open a Business Banking Account with Novo Business has changed. Novo’s free checking account, integrations, and smart tools are built for today’s modern entrepreneurs. Legitimize your business with Novo's business banking account now. [Open account](https://onboarding.novo.co/signup) 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. Customer since 2025 ### 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." Rebecca Suby-Long Page St. Studio Design Studio **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 **Manage your banking** Our all-in-one dashboard lets you see what's coming in, what's going out, and what needs your attention without digging through spreadsheets. [Learn more](https://www.novo.co/business-banking) ![The Novo dashboard on a laptop: a $750.00 credit lands in Recent Activity and the balances update, then the dashboard scrolls to Profit and Loss and back.](https://cdn.sanity.io/images/qbkov2y8/production/60877c6ac417f00991f5efe72ffaeb4822f7e1f5-2048x1536.webp?w=2048&q=82&fm=webp&fit=max) **Get started quickly** **Connect your tools** **Grow your business** **Built with AI You Trust** ![The Novo dashboard on a laptop: a $750.00 credit lands in Recent Activity and the balances update, then the dashboard scrolls to Profit and Loss and back.](https://cdn.sanity.io/images/qbkov2y8/production/60877c6ac417f00991f5efe72ffaeb4822f7e1f5-2048x1536.webp?w=2048&q=82&fm=webp&fit=max) ## What other independent business owners are saying [Open account](https://onboarding.novo.co/signup) Customer since 2021 ### No delays, no friction, no headaches Novo has completely simplified how I manage my business finances. I can track cash flow in real time, organize expenses, and move money fast. No delays, no friction. It keeps me focused on clients instead of fighting with outdated banking. Adam Fernandez A. Fernandez & Co., LLC HR Consulting Independent doesn't mean unprotected. Your Novo account comes with FDIC insurance through our partner banks, fraud protection, and bank-grade security. No cutting corners, no extra fees. Running a business is hard enough. Your bank should make it easier to get paid, move money, and stay on top of cash. [Open account](https://onboarding.novo.co/signup) --- 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)