About Novo
Novo is a fee-free business checking account designed for solo entrepreneurs, freelancers, and small business owners. It offers unlimited fee-free transactions, no minimum balance, instant payment processing, and integrations with Stripe, Shopify, Square, and Etsy. Novo's Reserves feature lets you create savings goals within your account — similar to Relay's multi-account approach but simpler. The Novo Boost program provides perks from business tools like Stripe, HubSpot, and QuickBooks worth thousands of dollars.
What's Great
- ✓Completely fee-free with no minimum balance
- ✓Reserves for budgeting within a single account
- ✓Novo Boost perks worth $4,000+ in partner discounts
- ✓Instant transfers to and from Stripe
Watch Out For
- !Limited to checking — no savings account product
- !No cash deposits supported
- !Credit/loan products not available
Common Use Cases
Open a free business account and connect it to your Stripe dashboard for instant transfers
Create Reserves for rent, taxes, and equipment without opening separate accounts
Access $500 in Stripe processing credit through Novo Boost
Pricing Model
Free
100% free to use — no credit card required.
Category
Business Banking
Modern business bank accounts built for startups and SMBs.
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