Novo business checking is best for small-business owners…Contact Novo…
Prefer to handle their financial resources online and do not need to deposit cash on a regular basis.
To see you are you a small business owner or have you started a side hustle and now you’re trying to find an exceptional business checking account well are you did you well you are in luck my friend as i think i have actually found an excellent banking option for you i’m talking about novobank not only am i speaking 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 ads 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 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 directly into a spoiler alert novobank is among my favorite options for business banking right now their functions are really competitive and the benefits they offer really make them stand out so they get a huge fat recommendation from me with just a few very small cautions if you want more detail than that and i’m guessing you do then stay for the rest of the video because i’ll dive into what makes novo unique what the benefits and drawbacks are and whether.
you need to consider banking with them or not or not well okay on with the video if you viewed my video rounding up my favorite business bank accounts you ‘d know that a person of the banks i advised was aslo bank and if you didn’t see that video then check it out right up here it’s fantastic you should view it you ‘d also see in that video i didn’t speak about novo i truly liked novo but i simply 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 couple of features that i felt were standout functions that nova was lacking but i more than 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 talking about aslo bank in this video is because they are on my business checking account video list of top accounts however they have actually since failed and i feel like novo is the outright finest option to replace them.
no those found in 2016 like many other contemporary banks they aren’t really 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 real banking part i will not make any jokes here i’m an adult excellent lord despite the fact that i seldom act like one anyways novo the tech company covers all the fancy software you communicate with daily maybe you haven’t become aware of middlesex federal savings well you aren’t alone i had not either but don’t stress they are quite established they have actually been around for 130 years whoa and they are a really relied on bank so your cash in novo is fdic insured so it is super safe to keep there nova was developed particularly for small business owners business owners and freelancers they support those who operate as actual 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 charge across the board except for 2 exceptions inadequate funds charged and uncollected funds returned both charges are.
presently 27 i don’t like when banks have inadequate fund fees however offered they have basically no other fees i do not think it’s that big of an offer since if you’re responsible with your money you shouldn’t encounter these charges in the first place their core offering is a business checking account with a debit card a beautiful 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 monthly 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 reimburse that atm fee too it’s amazing it’s exceptionally easy to sign up for an account with no vote you can do it in just a couple of minutes online easily as all bank account openings should be they have a terrific looking app that’s well examined by their consumers in the app stores it allows you to see an overview of your account transfer money quickly deposit checks and other normal features i find it really easy to use and it has all the features i ‘d expect from a banking app another cool feature of their account is all the combinations they support is their integrations they support wow they have Contact Novocombinations with transferwise slack xero stripe smart quickbooks and shopify these have a range of fantastic functions for example the stripe combination allows you to see your stripe balance and transfers right from your novo account likewise they have a fantastic perk where if you connect your account.
with stripe you get twenty thousand dollars in fee free charge card processing that alone might save you five hundred dollars in costs that alone can conserve you money they’re also including instant payments with stripes soon so instead of waiting on the funds to clear they will be instantly offered in your account it’s really comparable to what some banks are making with personal bank account and permitting you to get your paycheck a couple of days early speaking of advantages they have a bunch they use perks for stripe google cloud gusto quickbooks and godaddy to call just a few these range from money cost savings to annual discount rates to add credits to prolonged totally free trials there’s a ton of worth here so certainly inspect them all out to see if there’s something on the list you’re currently thinking about using one of the most significant things keeping back on completely advising novo was that they didn’t provide subaccounts or invoicing when i first took a look at them two features i worth very extremely with a business account sub accounts particularly are really essential to me as i like to set aside and save money for paying taxes i want this separate from my primary account so that i do not touch it or spend it you don’t wish to cross those money streams there’s something extremely crucial i forgot to tell you what don’t cross the streams well the great news is that novo now uses these features too their sub accounts.