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

I absolutely love Novo

I absolutely love Novo. They make running my business easy with the option for reserves so I can manually separate out my money into categories!

I Trust Novo Bank for all my financial needs

With multiple businesses, there was absolutely no way I’d be able to handle the PPP loan application from start to finish. I made a mistake and put the wrong EIN number for the wrong business. After a slight panic I received a call from the bank and said they will straighten it out. Novo Bank was perfectly set up. Then I received the forgiveness email and realized how simple it was to complete. In less than a week I received full forgiveness. Online banking is very new for me and now I ...

I have been with this bank for some…

I have been with this bank for some months now I get paid through wire transfer and I never get my money like I'm supposed too it takes entirely too for for a transfer that is only supposed to take 30 mins or so .for me it's been well over 2hours and still nothing and I call the bank and when I finally get someone to answer they have no clue to what is going on .I came from also where i was getting my money fast to a bank where it takes 2 to 3 days for a instant transfer

Flexible and Prompt Support

I added Novo as a secondary bank account for my small business a few months ago, mainly so I could do ACH transfers for clients without incurring lots of fees and limits. Their team is very helpful and respond very promptly to support inquiries with flexible solutions.

Thank you Novo for bringing PPP Loan…

Thank you Novo for bringing PPP Loan options to my attention. I never would have considered it or applied otherwise. The entire process was about as quick and easy as it gets.

I looked at multiple options to open my business bank account. This is the best option.

I looked at multiple options to open my business's bank account and this is the one for me. Here's why: -No monthly fees (seriously, why do so many banks require a monthly fee, especially when you're new in business and may not have much income coming in) -Reserves. This is my favorite part. It allows me to "reserve" portions of my income into different buckets. For example, I have a tax section and when I add to this area, it lets me know how much money I have total in my account and the ...

The best bank for Entrepreneurs and Small Businesses! I love this bank!!!

I absolutely love Bank Novo. As an entrepreneur and sole proprietor, I want a bank that is easy, not complicated. I already work hard on my business, so I don't want a bunch of hurdles and hoops to jump through just to keep track of my income and expenses. Bank Novo is perfect. And it's free, without all the fluff and BS that comes with bigger banks. Plus, they continuously upgrade with features that I need and love while also ensuring that their level of support is still customer-focused.

I love using Novo for a lot of reasons…

I love using Novo for a lot of reasons they platform is really helpful and easy to use

Great on-line banking with no monthly…

Great on-line banking with no monthly fees. Easy to set up, good customer follow up.

I absolutely love banking with Novo

I absolutely love banking with Novo. I love the app and it's fun little animations. I absolutely love talking to any of the team members if I have an issue. I've liturally never chatted to anyone who wasn't absolutely lovely! They listen and ask if you have thoughts or suggestions on what can be improved or changed with the app. Couldn't recommend highly enough!