Novo is a modern, online-first bank designed specifically for freelancers, startups, and small businesses. It stands out for its no monthly fee structure and transparent pricing, making it ideal for freelancers looking to minimize overhead costs.
Key Features:
- No Monthly Fees: Enjoy zero monthly maintenance fees with Novo.
- Seamless Integrations: Easily sync with accounting tools like QuickBooks, Xero, and Stripe.
- User-Friendly Mobile App: Manage your finances on the go with a streamlined mobile interface.
- ATM Fee Reimbursements: Get reimbursed for out-of-network ATM fees.
Pros:
- Simple, cost-effective banking ideal for freelancers.
- Fast onboarding and entirely digital experience.
- Excellent customer support via chat and email.
Cons:
- No physical branch locations.
- Cash deposits require third-party services.
Conclusion:
Novo is perfect for freelancers seeking a low-cost, fully digital banking experience. Its integration with popular financial tools and transparent fee structure makes it a top choice for keeping your business expenses low.
