Some of the essential steps to taking your online business to the subsequent degree is the necessity to arrange a enterprise checking account. And for those who get the precise enterprise account, it may give your rising enterprise all of the instruments a lot bigger companies get pleasure from… with out all the massive enterprise prices.

Novo understands small enterprise homeowners and makes it simple to open and handle an account. As an online-only financial institution, you’ll discover Novo strikes the precise stability between expertise, human contact, and real-world advantages. Listed here are a few of our favourite options for Novo Enterprise Checking:

• NO month-to-month charges
• NO minimal stability requirement
• NO ATM charges
• NO credit score verify or ChexSystems
• FREE Mastercard debit card
• FREE cellular app
• FREE transfers, mailed checks, and incoming wires
• FREE invoicing to create, ship, and monitor invoices
• FREE cellular verify deposit

Enterprise Banking Made Straightforward

There are not any month-to-month charges, no minimal stability necessities, no incoming wire charges, and no transaction charges with Novo. Novo even refunds all ATM charges. You’ll by no means be charged for incoming or outgoing ACH transfers, debit card replacements, paper statements, or cease funds.

In case you’d like, Novo will ship free paper checks to your use. You can too use the app to have checks mailed out. The gotcha with paper checks is that for those who don’t manage to pay for to cowl the verify, Novo will cost a price of $27 for inadequate funds. And for those who deposit a verify from a buyer that doesn’t clear, you’ll get whacked for $27.

Novo doesn’t will let you deposit money. As an alternative, you’ll have to make use of distributors corresponding to USPS, Walmart, and grocery shops to trade your money for a cash order. Then you should use the cellular verify deposit function to deposit the cash order. Novo might not be the precise enterprise account for you if your online business offers with a variety of money.

Enterprise Instruments

You’ll be able to handle your account out of your laptop or the Novo smartphone app. This lets you keep away from the trouble of visiting a bodily financial institution. And the Novo Reserves budgeting device permits you to put aside funds in your checking account for bills corresponding to payroll or taxes.

We particularly like their absolutely built-in invoicing function which permits freelancers and contractors to ship and handle limitless invoices. You can also make funds by ACH switch and in case you are utilizing the Novo Stripe integration you’ll be able to settle for funds via your Stripe account.

Novo seamlessly integrates with widespread enterprise instruments corresponding to Stripe, Shopify, Zapier, Quickbooks, and Xero. You can too join Sq., Wave, PayPal, Venmo, Apple Pay and Google Pay.

Reductions

Novo has a program referred to as Novo Perks that offers you perks on big selection of enterprise software program and companies corresponding to Stripe, Quickbooks, Gusto, Google, Hubspot, Reserving.com, and lots of extra. For instance, you may get $20,000 in fee-free bank card processing with Stripe.

Utility Course of

It takes about 10 minutes to enroll in a Novo account. You’ll want private and enterprise data, which can embrace a social safety quantity, enterprise tax ID, and enterprise formation paperwork. They don’t verify your credit score or use ChexSystems.

Novo is rising rapidly. Their providing is widespread with small enterprise homeowners. The account approval course of is at present taking 1-2 enterprise days and when you’re permitted, you may get full entry to your account with a easy $50 deposit.

We like Novo. We predict you’ll prefer it, too.

Open an account right this moment!