
A clean, no-fee banking option for small ecommerce and service businesses, but the lack of any interest on balances is a real cost compared to Mercury or Relay that should be said plainly, not buried.



Novo is a small business checking account with a Mastercard debit card, "Reserves" sub-accounts for setting aside money, free invoicing, free mobile check deposit, and free bill pay by physical check. It reimburses up to $7/month in third-party ATM fees. AI-powered bookkeeping automatically categorizes transactions and generates P&L reports with tax-friendly categories for Schedule C prep, and it connects directly with Stripe, Shopify, QuickBooks, Xero, and Slack.
You want a free small business checking account.
You want to set money aside in sub-accounts.
You send invoices and deposit checks from your phone.
You run a small ecommerce or service business.
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