Banking that works on and off the job site

Move money faster, track job expenses, and manage your cash flow with business banking designed for trades businesses.

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Hear directly from the businesses who bank with us

With over 250,000 customers, businesses across the country are using Novo to help manage and grow their bottomlines. See what they have to say about Novo’s tools and products. 
Anthony Cardenas
Hauling Matter LLC
“A single platform to manage the business finances has been tremendous. We have our business checking account, credit card and invoicing all in one platform, so accessing reports and building P&L is so much easier now.”
Customer since 2023
Tanner Binkley
Binkley Home Services LLC
“Easy transfers, very user-friendly. A simple streamlined process for business owners.”
Customer since 2022
Elliott Ybarra
Wildcat Construction Supply
“Novo offers a low-cost business checking solution that’s a great fit for any business. Their tools make it easy to track income and expenses and stay on top of your finances.”
Customer since 2021
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Why 28,000+ trade businesses rely on Novo

With Novo, you get the best of both worlds: the convenience of a modern banking platform and the confidence of knowing your money is backed by Middlesex Federal Savings, a bank that’s been trusted for more than 130 years.

Novo delivers the tools you rely on, the flexibility to keep your business moving, and the dependable experience you expect from a platform built for growth.

Features contractors and trades businesses love

Get paid faster for every job
Send invoices directly from your Novo account so clients can pay you quickly.
Move money when you need it
Send and receive ACH transfers easily to pay vendors, contractors, and suppliers.
Track job expenses automatically
Novo automatically categorizes purchases so you can keep track of materials, tools, and project costs.
Business banking without monthly fees
No monthly maintenance fees or balance requirements, just simple business banking.

For eligible customers, Novo offers:

The Novo Business Credit Card™
Earn up to 2% cashback* on eligible business purchase with no annual fee, and no rewards caps.

How Novo helps trades businesses

Other banks

Monthly fees

✓ No monthly maintenance fees

Monthly fees or minimum balances

Fast payments

✓ Send and receive ACH payments quickly

Transfers can take longer or require fees

Invoice customers

✓ Send invoices right after the job

Often requires separate invoicing software

Track job expenses

✓ Auto-categorize purchases for materials and tools

Manual tracking or spreadsheets

Set money aside

✓ Use Reserves for payroll, materials, or taxes

Requires multiple accounts

Business tool integrations

✓ Connect Stripe, Square, QuickBooks, and more

Limited integrations

Join over 250,000 small businesses today

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Novo is a fintech, not a bank. Banking services provided by Middlesex Federal Savings, F.A. Member FDIC.