Business Bank Accounts · pricing · Updated November 2026
Novo pricing (2026)
Novo lists a $0 plan (Novo Business Checking) and no paid price as checked on 2026-11-01, read from Novo's own pricing page; 1 plans. Best for Freelancers and independent contractors. Every figure below links to its source and the date we captured it.
At a glance
- Entry price: $0 (Novo Business Checking)
- Free tier: Yes
- Compliance: HIPAA — · SOC 2 — · GDPR —
- Best for: Freelancers and independent contractors; Self-employed professionals; Consultants; Small businesses wanting zero-fee banking; E-commerce sellers on Etsy and Amazon
As of · every figure below links to its source
Novo plans & pricing
| Plan | Monthly | Annual | Billing | Notes | Source |
|---|---|---|---|---|---|
| Novo Business Checking | $0 | — | Flat monthly | Single free plan only. No minimum balance. No overdraft fees. ATM fee refunds (up to $7/month). Free ACH transfers. Free invoicing suite. NSF/returned-item fee: $27. No paid tiers published. | novo.co |
Last verified 2026-11-01. Official site novo.co and novo.co/business-checking confirmed single free plan with no paid tiers. Corroborated by airwallex.com/us/blog/novo-business-banking-review and nav.com/business-checking/novo-business-banking/. Cross-checked against airwallex.com.
Price changes
No change record has cleared two sources yet, so nothing is published on the wire.
Corrections to this record
Changes we made to our own record of Novo, newest first: a figure read again on the vendor's page, a plan it no longer lists, a note. None of them is a price change by Novo. Every correction on the site is in the corrections log.
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Source replaced, price unchanged. https://www.airwallex.com/us/blog/novo-business-banking-review answers 301 and lands on https://www.airwallex.com/en-us/blog/novo-business-banking-review — the same page at the address the site now uses. The figure is unchanged and still stands on the day it was read; only the link the reader follows is corrected, so it no longer bounces through a redirect. Same host, same scheme, and the destination keeps every distinguishing word of the page's own name.
Capabilities
Integrations: Stripe, QuickBooks, Square, Etsy, Amazon.
Key features: No monthly fees, no minimum balance, no overdraft fees; Free ACH transfers with express availability option; AI-powered bookkeeping with automatic transaction categorization; Free invoicing suite with automated payment reminders; Reserves feature for automated budgeting and savings goals; Virtual and physical debit cards with fraud monitoring; Free incoming wire acceptance; Business credit card with rewards; ATM fee reimbursements up to $7/month; Partner perks program with discounts on business tools.
Plan limits: FDIC insurance up to $250,000 (via Middlesex Federal Savings, F.A.); ATM fee reimbursements capped at $7/month; NSF/returned-item fee: $27; Domestic wire transfers in beta at time of review; No paid tiers — single plan only.
Frequently asked questions
How much does Novo cost?
Novo lists a $0 plan (Novo Business Checking) and no paid price; it has 1 published plans. Verified 2026-11-01.
Does Novo support HIPAA?
Novo's public pages do not say whether it supports HIPAA.
Does Novo have a free plan?
Yes — Novo publishes a free tier.
Novo vs alternatives
Compare all business bank accounts · True cost of business bank accounts · SOC 2 claims in business bank accounts · Open data · MCP
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This standing as a plaque
Novo currently holds a bronze deskmark here — Rank 6 of 8 · Business Bank Accounts. Anyone may show it. There is nothing to apply for, nothing to pay, and displaying it changes no score: the standing comes from the published algorithm, which never reads commission data. We never ask anyone to show it, and its link carries rel="nofollow".
The image is drawn from our live data, so it follows the standing rather than freezing it: if Novo moves up or down a tier, the plaque on your own site says so at our next publish. Nothing is tracked beyond the ordinary web-server log that records any image request.