Nicholas
"Great Online Business Bank!"
My favorite for online business banking so far. The only knock I have against them is low limits, as we expect to make a high volume of payments in the future to our 1099 contractors.
Michael Sullivan
"Brings simplicity to setting up a business"
Lowers the barrier to entry for starting a business. There can be a lot of daunting steps to set one up, Novo does a great job of making banking setup simple and pain-free. Further, the app has useful insights, makes check deposit easy, and the reserves feature is great for organizing and allocating.
Goings
"Love Reserves!"
I chose Novo bc of the ability to create "profit first" style reserves to manage cashflow and set aside profit for myself. It's great that once you set up the reserves and percentages, Novo automatically divides deposits between the reserves.I have had no issues with the site or app thus far.
Craig Danton
"Poor support and no wires"
A decent basic free business bank, but have regular issues with vendors being flagged as fraud (declined transactions) and then extremely poor support time to resolve these issues. Also no domestic wires which most other fintech banks still allow.
Ana Bryant-Barboza
"Hands down the best business bank ever"
Hands down the best business bank ever! Particularly, small business owners or startups. There are literally no fees, extra charges, and they even give you a business line of credit once you start having revenue on your account. Their customer service is wonderful as well! I've been using them since Sept 2021! I have no regrets! Love them!
Abilio Sousa Santos
"terrible company"
terrible company, I ve been writing to you for more than 15 days about the return of a fraudulent payment and you still don t take action, take a long time to respond to messages, ignore me, I m outraged by this serviceI ask one of the representatives of this company to contact me
Jean
"A great solution for a small online."
A great solution for a small online business. No hidden fees and they do what they say they will do. One star off because when logging in using the browser, you have to get the authentication code via text, email doesn't work even though it's listed as an option.
Danilo Frias
"I had wanted a solution for starting up."
I had wanted a solution for starting up my small business and Novo had everything I needed and then some. Invoice, ACH transfers, integration with other platforms like Square and Quickbooks.
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