Novo is a fintech company that offers modern banking services to small businesses. Unlike traditional banks, Novo allows businesses to apply for an account online in minutes, saving them time and hassle. Novo provides free banking tools within the Novo app, including the ability to link existing accounts, control debit cards, pay bills, process ACH transfers, deposit checks, categorize transactions, and separate funds for savings in Reserves. Novo also offers a Novo Mastercard Business Debit Card and a Novo Virtual Card for online payments, worldwide use, and fee-free ATM access.

Novo is not a bank, but banking services are provided by Middlesex Federal Savings, F.A.; Member FDIC. Novo supports almost any business operating in the U.S., as long as the owner has a social security number. With Novo, businesses can send unlimited payments and paper checks for free, making it an affordable option for small businesses.

Overall, Novo is a great option for small businesses looking for a modern banking experience. With its easy online application process, free banking tools, and fee-free ATM access, Novo is a convenient and affordable choice for businesses of all types.