Novo business checking is best for small-business owners…Novo Bank Benefits…
Prefer to handle their financial resources online and do not need to deposit cash regularly.
To see you are you a small business owner or have you began a side hustle and now you’re looking for an exceptional business bank account well are you did you well you are in luck my friend as i believe i have actually found an exceptional banking choice for you i’m speaking about novobank not only am i discussing novo but i really use 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 is about what a wild world we live in are you talking about beginning that’s right morty this is gon na be a lot like that except you understand it’s gon na make good sense but before i get to the video let me leap straight into a spoiler alert novobank is one of my preferred options for business banking today their functions are extremely competitive and the advantages they offer really make them stand apart so they get a huge fat recommendation from me with only a few very small cautions if you desire more information than that and i’m guessing you do then stick around for the rest of the video since i’ll dive into what makes novo special what the benefits and drawbacks are and whether.
you should consider banking with them or not or not well fine on with the video if you enjoyed my video assembling my favorite business savings account you ‘d know that one of the banks i suggested was aslo bank and if you didn’t enjoy that video then check it out right up here it’s fantastic you ought to see it you ‘d likewise observe because video i didn’t talk about novo i really liked novo but i simply could not fit them or any others into my video at the time given that the features were so comparable to aslo i chose not to include them aslo likewise had a couple of features that i felt were standout functions that nova was lacking 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 reason i’m talking about aslo bank in this video is because they are on my business checking account video list of top accounts but they have actually given that gone out of business and i seem like novo is the outright finest option to replace them.
no those found in 2016 like lots of other modern banks they aren’t actually 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 although i hardly ever act like one anyways novo the tech business covers all the elegant software application you connect with day to day maybe you haven’t become aware of middlesex federal savings well you aren’t alone i had not either but don’t worry they are pretty established they have been around for 130 years whoa and they are a very relied on bank so your money in novo is fdic insured so it is extremely 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 proprietors slash freelancers their business account only needs 50 to open has no minimum balance and no regular monthly fee in fact they are completely no charge across the board except for two exceptions inadequate funds charged and uncollected funds returned both fees are.
currently 27 i don’t love when banks have inadequate fund costs however provided they have basically no other charges i do not believe it’s that huge of an offer due to the fact that if you’re responsible with your money you should not encounter these fees in the first place their core offering is a business bank account with a debit card a beautiful killer function with their debit card is that you can utilize any atm they will refund any atm fees you pay at the end of monthly back into your account yes even that sketchy atm at the back of the corner store that looks 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 incredible it’s extremely simple to sign up for an account without any vote you can do it in just a few minutes online easily as all savings account openings must be they have a fantastic looking app that’s well examined by their clients in the app shops it enables you to see a summary of your account transfer money immediately deposit checks and other typical functions i find it very 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 combinations they support is their combinations they support wow they have Novo Bank Benefitsintegrations with transferwise slack xero stripe sensible quickbooks and shopify these have a range of great functions for example the stripe combination permits you to see your stripe balance and transfers right from your novo account also they have a great perk where if you link your account.
with stripe you get twenty thousand dollars in charge totally free charge card processing that alone might conserve you five hundred dollars in fees that alone can save you money they’re also including instant payments with stripes soon so instead of waiting for the funds to clear they will be instantly available in your account it’s very similar to what some banks are doing with personal bank account and enabling you to get your income a few days early speaking of advantages they have a bunch they offer perks for stripe google cloud gusto quickbooks and godaddy to name just a couple of these variety from money savings to annual discounts to add credits to extended complimentary 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 already considering using among the greatest things holding back on fully suggesting novo was that they didn’t offer subaccounts or invoicing when i first took a look at them two functions i worth extremely highly with a business account sub accounts specifically are really essential to me as i like to reserve and save money for paying taxes i desire this different from my main account so that i don’t touch it or spend it you don’t want to cross those cash streams there’s something extremely crucial i forgot to inform you what do not cross the streams well the terrific news is that novo now uses these features too their sub accounts.