Bank Novo App Review: Is It Legit?

Do you wish to find out more about Bank Novo's services and can you really trust their banking services? This is an online-only banking platform that we have found really easy to use and is designed specially for the self-employed in mind. Besides the self-employed, this banking service is also for entrepreneurs, small business-owners and freelancers who wish to separate their personal and business bank accounts.

With Bank Novo, we have found it really easy to handle the typical online banking transactions with it, and best of all, this bank charges nearly no fees for its top-quality services. It does not make use of any wire transfers, cash deposits or regular chequebooks though, which is a huge advantage for us since it gets rid of all the clutter and allows everything to be done electronically.

Novo business banking launches in US – FinTech Futures

What Exactly Is Bank Novo All About?

One of the features of Bank Novo is that it allows account holders to open accounts quickly so that they can use their banking data right away for reporting and bookkeeping purposes. From small business-owners' perspectives, this is a great experience that has never been provided by other banking services before. Bank Novo is truly bringing small business banking into the new digital era, and they are essentially a technology company rather than a bank. Accounts at Bank Novo are offered through its financial partner, Middlesex Federal Savings, and currently they only offer online business checking accounts...

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What Are Some Of Bank Novo's Advantages?

  • Extended digital banking capabilities: Bank Novo allows many banking functions that would normally also be available from a traditional bank, but instead everything can be done online seamlessly. Some of these functions include making and accepting payments and cheque depositing services.
  • Lack of Fees: There are no monthly or other hidden fees and no need to keep a minimum balance, which is a refreshing change from traditional banks. We are allowed to make as many transactions as we like on Bank Novo accounts, and their business fees are practically non-existent.
  • Easy To Use: Bank Novo makes it very simple to receive and send money, view transactions as well as get assistance from Novo's customer support. It is fully designed with the busy business owner in mind, making sure he or she can easily and quickly access all banking functions yet do so only through an app that takes just a couple of minutes to set up.
  • and much more...

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