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Novo

Free small business banking

Banking Platform (Not a PSP)

Free checking only. Not a payment processor.

Open Account

Account Types

Business Checking

Fees

Monthly Fee
$0
Wire Transfers (Domestic)
$0 (outgoing domestic, 3 free/month)
International Wire
Not offered
ATM Withdrawal
Free (Allpoint network)

Best For

  • Solopreneurs
  • Freelancers
  • Small Businesses

Not Recommended For

  • High-Volume
  • Enterprise
  • High-Risk

KYB Requirements

Entity Type
Any
Minimum Deposit
$0
Time in Business
0 months
Documentation Required
  • • EIN or SSN
  • • ID

Key Features

  • No fees
  • No minimum balance
  • Debit cards
  • Integrations (Stripe, Shopify)
  • Invoicing

Pros

  • 100% free
  • Easy approval
  • Great for freelancers
  • Good integrations

Cons

  • Basic features
  • No savings accounts
  • Limited support
  • US-only

Available Regions

US

Ready to Open an Account?

Novo is ideal for solopreneurs. Most applications are reviewed within 24-48 hours.

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