Novo business checking is best for small-business owners…Login Novo…
Prefer to handle their financial resources online and do not require to deposit money regularly.
To see you are you a small business owner or have you began a side hustle and now you’re looking for an excellent business bank account well are you did you well you are in luck my friend as i believe i have actually found an outstanding banking choice for you i’m speaking about novobank not just am i speaking about novo however i actually use novo i have an account with them for this here youtube channel i will get paid from youtube for ads shown on this video in to my novo account which this video is about what a wild world we live in are you speaking about creation that’s right morty this is gon na be a lot like that except you understand it’s gon na make sense however before i get to the video let me jump straight into a spoiler alert novobank is among my favorite choices for business banking today their functions are extremely competitive and the benefits they provide truly make them stick out so they get a huge fat suggestion from me with just a few really minor caveats if you want more detail than that and i’m thinking you do then stick around for the remainder of the video since i’ll dive into what makes novo special what the benefits and drawbacks are and whether.
you must think about banking with them or not or not well all right on with the video if you watched my video assembling my favorite business checking account you ‘d know that a person of the banks i suggested was aslo bank and if you didn’t watch that video then check it out right up here it’s fantastic you must see it you ‘d likewise observe in that video i didn’t speak about novo i really liked novo however i just could not fit them or any others into my video at the time because the features were so similar to aslo i selected not to include them aslo also had a few functions that i felt were standout features that nova was doing not have but i’m happy to report that that’s no longer the case and i’ll get more on that in a bit likewise the other factor i’m discussing aslo bank in this video is because they are on my business checking account video list of top accounts however they have actually given that gone out of business and i seem like novo is the absolute best choice to replace them.
no those discovered in 2016 like many other modern banks they aren’t really a bank at all their tech business that has actually partnered with a bank in this case they have actually partnered with middlesex federal cost savings for the real banking part i will not make any jokes here i’m an adult excellent lord despite the fact that i hardly ever imitate one anyways novo the tech company covers all the fancy software you connect with daily perhaps you haven’t become aware of middlesex federal savings well you aren’t alone i hadn’t either but do not fret they are quite established they have been around for 130 years whoa and they are a very trusted bank so your cash in novo is fdic insured so it is very safe to keep there nova was built particularly for small business owners business owners and freelancers they support those who run as real business entities like a corporation s corp or llc or just those who are sole owners slash freelancers their business account just needs 50 to open has no minimum balance and no regular monthly fee in fact they are totally no fee across the board except for 2 exceptions insufficient funds charged and uncollected funds returned both charges are.
currently 27 i don’t enjoy when banks have insufficient fund fees however provided they have basically no other fees i do not think it’s that huge of a deal since if you’re responsible with your money you shouldn’t experience these fees in the first place their core offering is a business bank account with a debit card a pretty killer function with their debit card is that you can use any atm they will refund any atm costs you pay at the end of every month back into your account yes even that sketchy atm at the back of the corner store that appears like it was built in 1980 that they used to prop open their storage closet door they’ll refund that atm fee too it’s remarkable it’s exceptionally easy to register for an account without any vote you can do it in simply a couple of minutes online easily as all bank account openings ought to be they have a great looking app that’s well reviewed by their consumers in the app stores it enables you to see an overview of your account transfer cash quickly deposit checks and other normal functions i find it really easy to use and it has all the functions i ‘d get out of a banking app another cool function of their account is all the integrations they support is their combinations they support wow they have Login Novointegrations with transferwise slack xero stripe wise quickbooks and shopify these have a range of excellent features for instance the stripe combination permits you to see your stripe balance and transfers right from your novo account likewise they have a terrific perk where if you link your account.
with stripe you get twenty thousand dollars in charge complimentary credit card processing that alone might conserve you five hundred dollars in charges that alone can save you cash they’re likewise including instantaneous payments with stripes soon so instead of waiting on the funds to clear they will be immediately offered in your account it’s really similar to what some banks are making with individual checking accounts and permitting you to get your paycheck a few days early speaking of perks they have a lot they use perks for stripe google cloud gusto quickbooks and godaddy to call simply a few these range from money savings to annual discounts to include credits to prolonged complimentary trials there’s a ton of value here so definitely check them all out to see if there’s something on the list you’re already thinking about utilizing among the biggest things holding back on fully advising novo was that they didn’t use subaccounts or invoicing when i first looked at them two features i value extremely extremely with a business account sub accounts especially are really crucial to me as i like to set aside and save money for paying taxes i desire this different from my main account so that i don’t touch it or invest it you don’t wish to cross those money streams there’s something very important i forgot to tell you what do not cross the streams well the great news is that novo now offers these features too their sub accounts.