Novo business checking is best for small-business owners…Contact Bank Novo…
Prefer to manage their financial resources online and do not require to deposit cash regularly.
To see you are you a small business owner or have you started a side hustle and now you’re searching for an outstanding business savings account well are you did you well you remain in luck my friend as i believe i have actually discovered an exceptional banking choice for you i’m talking about novobank not just am i talking about novo however i really utilize novo i have an account with them for this here youtube channel i will earn money from youtube for advertisements shown on this video in to my novo account which this video has to do with what a wild world we live in are you discussing inception that’s right morty this is gon na be a lot like that except you understand it’s gon na make sense but before i get to the video let me leap directly into a spoiler alert novobank is one of my favorite options for business banking today their functions are very competitive and the advantages they use actually make them stick out so they get a big fat suggestion from me with only a few really small caveats if you desire more information than that and i’m thinking you do then stay for the remainder of the video due to the fact that i’ll dive into what makes novo special what the cons and pros are and whether.
you should think about banking with them or not or not well alright on with the video if you saw my video rounding up my favorite business savings account you ‘d know that one of the banks i suggested was aslo bank and if you didn’t see that video then check it out right up here it’s great you must watch it you ‘d also see in that video i didn’t talk about novo i actually liked novo however i just couldn’t fit them or any others into my video at the time because the features were so comparable to aslo i chose not to include them aslo also had a few features that i felt were standout features that nova was lacking but i enjoy to report that that’s no longer the case and i’ll get more on that in a bit also the other factor i’m discussing aslo bank in this video is since they are on my business bank accounts video list of leading accounts but they have actually given that failed and i seem like novo is the absolute best choice to change them.
no those found in 2016 like many other modern-day banks they aren’t in fact a bank at all their tech company that has actually partnered with a bank in this case they have actually partnered with middlesex federal savings for the actual banking part i won’t make any jokes here i’m an adult great lord even though i seldom act like one anyways novo the tech company covers all the elegant software you engage with day to day possibly you have not become aware of middlesex federal savings well you aren’t alone i hadn’t either however don’t stress they are quite established they have been around for 130 years whoa and they are a really trusted bank so your money in novo is fdic insured so it is incredibly safe to store there nova was constructed specifically for small business owners entrepreneurs 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 only needs 50 to open has no minimum balance and no monthly charge in fact they are completely no fee across the board except for two exceptions inadequate funds charged and uncollected funds returned both fees are.
currently 27 i do not enjoy when banks have insufficient fund costs however provided they have generally no other charges i do not believe it’s that huge of an offer since if you’re responsible with your money you shouldn’t encounter these costs in the first place their core offering is a business checking account with a debit card a lovely killer feature with their debit card is that you can use any atm they will reimburse any atm costs you pay at the end of every month back into your account yes even that questionable atm at the back of the corner store that appears like it was integrated in 1980 that they used to prop open their storage closet door they’ll refund that atm fee too it’s remarkable it’s incredibly simple to register for an account with no vote you can do it in just a couple of minutes online easily as all checking account openings ought to be they have a terrific looking app that’s well reviewed by their clients in the app stores it enables you to see a summary of your account transfer money quickly deposit checks and other normal features i find it really easy to use and it has all the functions i ‘d expect from a banking app another cool function of their account is all the combinations they support is their integrations they support wow they have Contact Bank Novocombinations with transferwise slack xero stripe smart quickbooks and shopify these have a variety of fantastic features for instance the stripe integration allows you to see your stripe balance and transfers right from your novo account also they have a terrific perk where if you connect your account.
with stripe you get twenty thousand dollars in charge free charge card processing that alone could save you five hundred dollars in fees that alone can save you money they’re likewise including immediate payments with stripes quickly 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 finishing with individual checking accounts and allowing you to get your income a few days early speaking of benefits they have a lot they offer perks for stripe google cloud gusto quickbooks and godaddy to name simply a few these range from money savings to yearly discounts to include credits to extended free trials there’s a lots of worth here so absolutely inspect them all out to see if there’s something on the list you’re currently thinking about using among the most significant things holding back on fully advising novo was that they didn’t provide subaccounts or invoicing when i first looked at them 2 functions i value really extremely with a business account sub accounts particularly are really crucial to me as i like to set aside and save cash for paying taxes i desire this separate from my primary account so that i don’t touch it or spend it you don’t want to cross those money streams there’s something extremely important i forgot to inform you what do not cross the streams well the excellent news is that novo now uses these features too their sub accounts.