Novo Reviews in June 2026: User Ratings, Pros & Cons

Love this bank

Love this bank, its great for my small business.

I enjoy NOVO a lot

I enjoy NOVO a lot. They are the hassle-free online bank that I want for my business.

No monthly maintenance fees!

Date of experience: August 09, 2023

I enjoy NOVO a lot

I enjoy NOVO a lot. They are the hassle-free online bank that I want for my business.

No monthly maintenance fees!

Date of experience: August 09, 2023

Love this bank

Love this bank, its great for my small business.

Great small Business bank account!

Great bank, easy to use app very convenient! Love the reserves feature was able to save some money already that I wouldn’t have saved otherwise. Also love that it has no fees specially for small business that might not be generating a lot of revenue yet.

review

It's okay...

It's a scam company

It's a scam company. I have opened one business checking with docs(driver license+ business documents) . Then started taking payment from our customers. After receiving $20k+ money, they frozen our account without any notice or mail. Even they haven't notified that our account is hold. When we tried to contact their support they are saying our account is under review. They held our $10k fund. And it's 7 days they haven't sent us any response or reason why the account is frozen. They are ...

NOVO is a major NO-GO for us

Novo seemed like a good idea at the time as we wanted to quickly get up a business account that wasn't going to require credit checks. They worked with Strip. Even Zen business mentioned them. Upon getting with them, their invoice process seemed just fine. Super easy and loved it. Im feeling great about Novo at this point and thinking, "right on this can work". Then the pain-points started. Upon mobile depositing checks from my vendors it would take 3-5 days for NOVO to acknowledge it. ...