# Novo review (2026): is it any good? > Free business checking with invoicing, bill pay and debit cards Checked Nov 13, 2026 ยท graded Nov 13, 2026 by ToolGPA. Novo is a fintech that offers a business checking account with no monthly fees or minimum balance, virtual and physical debit cards, invoicing and vendor payments by ACH, wire or check. Banking services are provided by Middlesex Federal Savings, F.A., Member FDIC. Novo is a fintech, not a bank, and it connects to accounting and sales tools such as QuickBooks, Xero and Stripe. - **Category:** Spend & Bill Pay - **Made by:** Novo - **Website:** https://www.novo.co - **Runs on:** Web, iOS, Android - **Who should skip it:** Skip it if you need real expense controls, as the pages say little about them. - **Facts last checked:** Nov 13, 2026 ## Pricing As of Nov 13, 2026, Novo is free to use. - **Pricing model:** Free - **Free plan:** Business checking with no monthly fees, no minimums and no transaction limits. - **Free trial:** None listed. | Plan | Price | What you get | | --- | --- | --- | | Novo Checking | $0 | No monthly fees or minimum balance. Includes debit cards, invoicing, free standard ACH, incoming wires and Reserves buckets. | Read from https://www.novo.co/business-checking on Nov 13, 2026. Prices change, so confirm with Novo before buying. ## Key features - **Business checking:** No monthly fees, minimums or transaction limits, with FDIC coverage of up to $5M through partner banks as the vendor describes it. - **Debit cards:** Virtual and physical debit cards. Novo charges no ATM fees and reimburses third-party ATM fees at month end, up to $7. - **Invoicing:** Send invoices with automatic reminders, track when they are viewed and paid, and accept card, ACH, Apple Pay and Google Pay. - **Payments and bill pay:** Pay vendors by ACH, wire or check and move money between Novo accounts instantly. - **Reserves:** Up to 20 buckets inside the checking account for taxes, payroll or slow seasons, filled by rules that route a share of incoming funds. - **Integrations:** Syncs transactions with QuickBooks, Xero, Stripe, Square, PayPal and other tools. ## Good for - Freelancers and small businesses that want banking with no monthly fee - Online sellers who get paid through Stripe, Square or PayPal - Owners who want invoicing and accounting sync inside the bank account ## Worth knowing - Novo is a fintech, not a bank; banking is provided by Middlesex Federal Savings, F.A., Member FDIC. - Novo Payroll is listed as available November 17, 2026, starting at $24 a month plus $5 per employee. - Expense management and bill pay are listed in its menu, but the pages we read describe them in less detail than its checking and invoicing. - The pages we read give no fee schedule for wires, so check it before sending wires. ## ToolGPA grades **GPA: 3.0 out of 4**, graded Nov 13, 2026. Novo is business checking with no monthly fees or minimum balance, plus debit cards, invoicing and vendor payments. It isn't a bank, the pages give no wire fee schedule, and its expense and bill pay pages are thinner than its checking pages. - **Value for money: A.** Business checking with no monthly fees, minimums or transaction limits. That's free and substantial. - **Free plan and trial: A.** Free outright: debit cards, invoicing, free standard ACH, incoming wires and Reserves buckets, with no cap a normal person would reach. - **Features: C.** Checking, debit cards, invoicing, payments and Reserves. The pages describe expense management and bill pay in less detail than checking and invoicing. - **Ease of use: C.** No usable store rating on record: the page shows 4.8 on the App Store and 4.5 on Google Play without the number of ratings. - **Platforms and integrations: B.** Web, iPhone and Android, with QuickBooks, Xero, Stripe, Square, PayPal, Shopify and Gusto. No desktop app. These are ToolGPA's own grades. Graded from this listing, whose facts were read from Novo's own pages on 13 November 2026. Not based on using the product, and shorter than our full reviews. ## Where it stands among spend and bill pay tools - Novo's GPA of 3.0 is higher than 69 of the 76 other spend and bill pay tools we grade, and level with 4. - It stands best on free plan and trial (A, above 71 of 76) and worst on ease of use (C, above 0). - Novo has no paid plan. - On features, ease of use and platforms it scores 2.3 out of 4, and no tool on the category's chart scores higher without costing more. The category's chart of price against score: https://toolgpa.com/charts/expenses ## Keep it, or make your own? **Keep it.** Novo is free, so making your own would save you nothing. And it is not the kind of software a weekend replaces. It is one of the better ones too: its GPA of 3.0 is higher than 69 of the 76 other spend and bill pay tools we grade. - You could make: Invoicing and expense tracking: an app builder makes these well. - You could not: Money moved between bank accounts, which takes a licensed payments partner. - You could not: Cards issued through a bank. - You could not: A real app for iOS and Android. Something home-made would be a web page. - You could not: It plugs into other products, QuickBooks, Xero and Stripe among them. A judgement by ToolGPA from this listing, by rules that are the same for every tool. Nothing was built to test it. ## What people say - **App Store rating of the iPhone and iPad app:** 4.8 out of 5 from 20,052 ratings in the United States, read Nov 13, 2026. This is the store's rating of the app, not a score from ToolGPA. Source: https://apps.apple.com/us/app/id1375554760 ## Works with QuickBooks, Xero, Stripe, Square, PayPal, Shopify, Gusto, Etsy **Tags:** Bill pay, Invoicing, Company cards, Expense tracking ## Alternatives - [Mercury](https://toolgpa.com/tools/mercury): Business banking with cards, expenses, bill pay and invoicing. [Compare](https://toolgpa.com/compare/mercury-vs-novo) - [Relay](https://toolgpa.com/tools/relay): Online business banking with bill pay, cards and expenses. [Compare](https://toolgpa.com/compare/novo-vs-relay) - [Rho](https://toolgpa.com/tools/rho): Business banking, corporate cards and expense tools in one app. [Compare](https://toolgpa.com/compare/novo-vs-rho) - [Brex](https://toolgpa.com/tools/brex): Corporate cards, expenses, bill pay and travel for growing companies. [Compare](https://toolgpa.com/compare/brex-vs-novo) - [BILL](https://toolgpa.com/tools/bill): Bill pay, invoicing and free company cards for small businesses. [Compare](https://toolgpa.com/compare/bill-vs-novo) ## Sources The prices, plans, platforms and features above were read from these pages on Nov 13, 2026: - https://www.novo.co - https://www.novo.co/business-checking - https://www.novo.co/integrations - https://www.novo.co/mobile-apps - https://www.novo.co/payroll Page: https://toolgpa.com/tools/novo Listed by ToolGPA (toolgpa.com).