Novo Reviews in July 2025: User Ratings, Pros & Cons

Great platform overall

Great platform overall - It would be great to have one login to manage several accounts

Fantastic service in every facet.

Date of experience: May 06, 2024

Great company to work with

Great company to work with. Everything has been easy and fast and uncomplicated. I love the notifications very satisfied so far.

Instant wire transfers

Instant wire transfers, which you don't have considering that you a business bank.

Novo Bank has gained notoriety as one…

Novo Bank has gained notoriety as one of the most notorious criminal organizations in the financial sector. They have a reputation for arbitrarily closing accounts without any valid reason, leaving their customers in a state of shock and confusion. What's worse is that once an account is closed, Novo Bank shows no intention of returning the funds to their rightful owners or sending the remitters' money back to them. This unethical and fraudulent behavior has caused countless individuals to ...

Best Business Bank with Many Benefits Actually Cares About Small Businesses

Novo has changed my life! As a small business owner running a production company, being able to manage more than my company's money in a single platform seemed undoable. But Novo has done it. With payroll integration, plentiful partner benefits, and helpful analytical tools, I've been with Novo for a while—and I have only watched how the company continues to improve and add more benefits. As a Latina and Asian woman running a business on my own, these business benefits mean *everything*. ...

Novo: A Game-Changing Small Business Bank for Simplified Finances and Unbeatable Support

Oh, let me tell you about Novo, the small business bank that has become an absolute lifeline for my business! Seriously, it's been a total game-changer. First and foremost, Novo is super easy to use. I am by no means a banking expert, but navigating through their platform is a breeze. They've built it with small businesses like mine in mind, so everything is intuitive and straightforward. No complicated jargon or confusing processes to deal with here! But what really sets Novo apart is ...

🚫⚠️ Important Announcement

🚫⚠️ Important Announcement: Do Not Use NOVO ⚠️🚫 Attention all!!!! I'm sharing this urgent message to warn you about our recent appalling experience with NOVO. Please, heed this warning and avoid this bank at all costs! We had over $75,000 in our account with them, and without any prior notice or valid explanation, they abruptly closed our account. 🤯 But that's not even the worst part! Despite their claims of sending us a check for the remaining balance, we NEVER received it. ...

denied opening an account which is…

denied opening an account which is quite disappointing

I would give zero stars if i could!!

I would give zero stars if i could! They have rejected my deposits and ACH payments several times. I had to open another business bank account quickly with another bank so I could pay my employees. I couldnt get my manager a debit card and they wouldnt give me any kind of reason why they kept rejecting it. Then I had a small loan with them, they closed my account so I couldnt pay on it anymore. I settled with them and made a payment in February. It is APRIL almost MAY and I still get ...