Best Business Bank Accounts · pricing · Updated June 2026
Novo pricing (2026)
Novo starts at $0/mo (Novo Business Checking), across 1 plans. Best for Freelancers and independent contractors. Every figure links to Novo's own page and the date we captured it.
At a glance
- Entry price: $0/mo (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
Novo plans & pricing
| Plan | Monthly | Annual | Billing | Notes | Source |
|---|---|---|---|---|---|
| Novo Business Checking | $0 | — | flat | 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 2026-06-14. 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.
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 starts at $0/mo (Novo Business Checking); it has 1 published plans. Verified 2026-06-14.
Does Novo support HIPAA?
Novo HIPAA support: —. SOC 2: —. GDPR: —.
Does Novo have a free plan?
Novo free tier: Yes.