Novo
Business bank account for small businesses
Novo is a business checking account for small and independent businesses, designed to handle getting paid, moving money, and tracking cash flow in one place. It replaces manual spreadsheet work with tools for invoicing, expense tracking, ACH transfers, mailed checks, and setting aside funds for taxes and large expenses through Novo Reserves.
The platform connects with accounting and commerce tools including QuickBooks, Xero, Stripe, Square, Etsy, Amazon, eBay, PayPal, Fiverr, Gusto, and Squarespace, syncing transactions so records stay current. AI-powered bookkeeping suggests expense categories based on merchant and transaction type, and users can accept or reassign suggestions. Payments can be sent via ACH, checks, or other supported methods, with status tracked across connected tools.
Novo is aimed at independent business owners who need banking alongside their existing software stack. The account is offered as a free business checking account; the pages do not describe additional plans, trials, or seat-based pricing.
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