Novo

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Read our Novo review to learn more about its main features, pricing plans, integrations, and more.


What is Novo?

Novo is primarily a business banking platform that allows users to create business checking accounts in a safe and secured manner. The platform provides a range of easy-to-use tools which ensure small businesses are ready to take on the challenges within the digital financial world. 

The company consistently adds new features and products in line with the evolving user demands and feedback. The platform is an excellent choice for digital banking and can also be integrated with numerous business tools. 

Novo offers an unlimited refund for ATM charges and is a perfect match for small businesses who want a free business checking account without any minimum balance requirements.   

Besides, the platform comes with a native integrated invoicing feature along with excellent direct integration options with other leading business solutions. 

All in all, with Novo, users can streamline their financial processes and also manage various accounts in one place. 


Vendor Details

  • Company: Novo Platform Inc.
  • Website: https://banknovo.com/
  • Founded in 2016
  • Country of origin: United States of America

Novo Key Features

  • Create an Account in Minutes

Creating an account just got simpler. Users can skip the long queues in the banks and set up an account on their desired device in just a few minutes. 

  • Invoice tracking

With this feature, you can create and send invoices, track them, and ensure you are paid according to the terms and conditions defined by you. 

Users can accept credit or debit card payments via Stripe and also get an email confirmation when a specific invoice is paid by card. 

  • Budget

The platform comes with a feature called Nove Reserves. This feature enables users to keep aside funds for payroll, taxes, profit, and large expenses. 

  • Money transfer

Users can link their other bank accounts to facilitate a smooth transfer of funds from one account to another. 

  • Checks deposit

The remote check deposit feature enables users to deposit unlimited checks from their devices free of charge. Users can simply click a photo of the check and deposit the same in a matter of seconds. 

  • Payments

Users can make payments within the U.S. and internationally with Novo. 


Novo Feature Overview

  • Account management
  • Account creation
  • Invoice tracking
  • Invoice delivery
  • Notifications
  • Invoice payments
  • Budgeting

  • Financial planning
  • Money transfer
  • Deposit tracking
  • Payment management
  • International payments
  • Financial planning


Novo Pricing

Price: Free


Novo Pros and Cons


PROS:
  • The platform is very easy to use
  • Integrations with leading platforms such as Stripe and QuickBooks
  • Quicker payments processing in comparison with other alternatives
  • Unlimited refund for ATM charges and no minimum balance requirement
  • Neat and tidy user interface
  • Excellent customer service and smooth onboarding process
  • Expense tracking is very straightforward

CONS:
  • Some users have experienced difficulties while connecting their account with PayPal
  • Novo does not show when users search for banks. This is why users have to enter their account information manually.
  • Some users have reported that Novo does not recognize checks issued by the State of California
  • Users have reported that the platform puts a cap on the daily spending limit of users
  • No cash deposits


Novo Integrations

  • Wise
  • Slack
  • QuickBooks
  • Zapier

  • Stripe
  • Xero
  • Shopify
  • Wise


Novo Specifications

Free Trial – No

Free Version – Yes

Deployment

  • Cloud, SaaS, web

Devices supported

  • Windows
  • Mac
  • Android
  • iPhone/iPad
  • Web-based

Training

  • Documentation

Typical customers

  • Small businesses
  • Freelancers

Novo pricing plans

Price: Free

Languages supported

  • English

Novo support

  • Email
  • Knowledge base
  • FAQs
  • Phone support

Novo Alternatives

  • Radius Bank
  • PNC
  • BlueVine
  • NorthOne
  • Mercury
  • Axos Bank

If you like reading our Novo Business Banking review, leave your comments below and tell us about your favorite feature. 


Free Trial
Supported Devices
Windows
Linux
Android
iPhone/iPad
Mac
Web-based
Deployment
Cloud Hosted
Cloud, SaaS, Web
Mobile – Android Native
Mobile – iOS Native
On Premise
Open API
Language Support
English
Hindi
Spanish
French
Russian
Italian
Dutch
Danish
Polish
Turkish
Swedish
Pricing Model
Monthly payment
Annual Subscription
Quote-based
Training
Documentation
Webinars
In Person
Live Online
Customer Types
Small Business
Large Corporations
Freelancers
Medium Business
Support
24/7 (Live Rep)
Email
FAQs
Knowledge Base
Phone support
Chat support
Features
Email Marketing
Landing Pages
Marketing Automation
Webinars
CRM
Autoresponders
Automation
Workflow builder
Customizations
Integration
Integration
9 Total Score

Design
9
Usability
9
Support
8.5
Price
9.5
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Karandeep V

Karandeep was born in Pune, Maharashtra, an upcoming metropolitan city in the Western region of India. While most members of his family are engineers, he had different ideas. He was more inclined toward exploring the non-technical aspects of a business, which is why he studied Bachelors of Business Administration at Symbiosis International University, Pune.  Having said that, his love for new and upcoming technologies remained intact, which is why he has written extensively about technology throughout his career. After a brief stint with a gaming company at the beginning of his career, he discovered that his love for writing was not temporary.  Being a tech geek, he always liked installing and playing around with new applications on his mobile devices and the home desktop. He was fascinated by how technology can simplify even the most mundane and complex tasks with just a few commands. He keeps a close eye on how businesses use different tools to streamline their operations to boost productivity and efficiency.  At ToolsMetric, he writes product reviews that cover the main features and specifications of different enterprise applications. The sheer amount of innovation and hard work that goes into building these tech solutions is one of the reasons why Karandeep loves reviewing these tools. Besides product reviews, he also writes interesting news articles and blogs that track the latest developments in the tech industry.  When he is not writing, you can find him rooted to his seat playing video games, watching movies, or supporting his favorite football team. Since his childhood, he has always loved to travel and explore new places. Traveling is a major part of his life due to a myriad of reasons such as experiencing new cultures, food, and traditions. His other hobbies include playing football, cooking, and running.  You can find him on LinkedIn here.

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