Novo
Novo: No-fee business checking with invoicing, reserves, cards, and integrations. Ranked #20 of 55 in Neobank Apps by our editors (7.2/10); pricing: Free plan; best for small businesses needing free checking and integrations.
At a glance
- Editor score7.2 / 10
- PricingFree plan
- Best forSmall businesses needing free checking and integrations
- Free planYes
- Paid fromFree
- Account scopeBusiness
- Facts checked14 Nov 2026
Where it wins
- No monthly maintenance fee or minimum balance requirement
- Invoices, payment reminders, and up to 20 automatic reserves
- Connects with Stripe, QuickBooks, Shopify, and seven other listed tools
Where it doesn't
- Checking account itself does not earn interest
- Cash deposits are not supported
- International wire fees or availability may depend on third parties
Our verdict on Novo
Novo offers online business checking and related financial tools for independent businesses, including freelancers and small businesses. The account has no monthly maintenance fee or minimum balance requirement, and standard ACH transfers are available at no charge. Invoicing, bookkeeping tools, payment reminders, reserves, and virtual and physical debit cards make it relevant to businesses that want everyday money management in one service. Novo is a fintech, not a bank; banking services are provided by Middlesex Federal Savings, F.A., Member FDIC.
For small businesses managing payments across services, Novo lists integrations with Stripe, QuickBooks, Shopify, Square, Xero, PayPal, Gusto, Amazon, Wise, and Zapier. The account can create invoices, track their status, and send reminders, while bookkeeping features suggest transaction categories. Businesses can also create up to 20 reserves and automatically allocate a share of deposits. Novo is available on web, iOS, and Android, so the account and these tools span desktop and mobile use.
The checking account does not earn interest, while the separately advertised Novo Business Savings account offers 2% APY. Cash deposits are not supported. Novo describes incoming and outgoing international wires, but fees or availability may depend on third-party providers. Businesses seeking free checking with invoicing, reserves, and connections to common accounting or payment services may find the scope a fit. Those that need cash deposits or interest on checking should consider alternatives; the savings rate applies to a separate account.
Your product? Our editors can test Novo in depth and publish a review, labelled as paid · from $149/mo →
Novo pricing
Novo fact sheet
| Free plan | Yes |
|---|---|
| Paid from | Free |
| Account scope | Business |
| Early pay access | Not verified |
| Cash deposit support | No |
| International transfers | Yes |
| Savings yield | 2% APY |
| Supported currencies | Not verified |
| Deployment | Cloud, Mobile |
| Platforms | Web, iOS, Android |
| Compliance & security | 2FA |
| Built for | Solo, Small business (editorial estimate) |
| Integrations | 10 integrations: Stripe, QuickBooks, Shopify, Square, Xero, PayPal … See all → |
| Pricing | Free plan (source) |
| Website | novo.co |
| Facts checked | 14 Nov 2026 |
Novo integrations
Novo lists 10 integrations on its own site.
- Stripe
- QuickBooks
- Shopify
- Square
- Xero
- PayPal
- Gusto
- Amazon
- Wise
- Zapier
Alternatives to Novo
- Starling BankA no-monthly-fee UK bank account with budgeting, payments and savings tools.9.3
- bunqFlexible European banking with personal and business accounts, cards, and international transfers.9.2
- MonzoA free UK current account with budgeting tools, card controls and paid feature tiers.9.1
Used Novo? Be the first to review it
The editor score above is our own research. What this page doesn't have yet is a reader's view — what you used Novo for, what worked and what didn't. No stars are seeded and no review is paid for; an editor reads every one before it appears.
Write a reviewTwo minutes · verified accounts only · read by an editor before it appears
Featured on iTechGuides
Novo is listed in our Neobank Apps directory. Add the badge to your site — it links back to this page.
<a href="https://www.itechguides.com/products/novo/"><img src="https://www.itechguides.com/best/badge/novo.svg" alt="Featured on iTechGuides" width="230" height="46"></a>
Reviewed by iTechGuides Editors · Editorial team · Updated Nov 2026
Advertiser disclosure: iTechGuides is reader-supported. Vendors can pay for top positions in our rankings and for a place on other products' pages, and we may earn a commission when you click some links. Bought places stand at the number bought; this page and our disclosure say so. Paying vendors may get a fuller, more detailed review from our editors, and that review can change their score. How we rank.
Last updated · How we research and update