Novo business checking is best for small-business owners…Novo Bill Pay…
Prefer to handle their financial resources online and do not need to deposit money on a regular basis.
To see you are you a small business owner or have you started a side hustle and now you’re looking for an outstanding business savings account well are you did you well you are in luck my friend as i think i have actually discovered an excellent banking choice for you i’m speaking about novobank not just am i speaking about novo but i actually utilize novo i have an account with them for this here youtube channel i will make money from youtube for ads revealed on this video in to my novo account which this video is about what a wild world we live in are you discussing creation that’s right morty this is gon na be a lot like that other than you understand it’s gon na make sense however prior to i get to the video let me leap directly into a spoiler alert novobank is one of my favorite choices for business banking right now their functions are extremely competitive and the advantages they provide actually make them stand out so they get a big fat suggestion from me with just a couple of really minor cautions if you want more detail than that and i’m thinking you do then stay for the rest of the video since i’ll dive into what makes novo unique what the cons and pros are and whether.
you should think about banking with them or not or not well all right on with the video if you enjoyed my video rounding up my preferred business savings account you ‘d know that a person of the banks i recommended was aslo bank and if you didn’t view that video then check it out right up here it’s excellent you need to watch it you ‘d also notice in that video i didn’t speak about novo i really liked novo but i simply could not fit them or any others into my video at the time because the functions 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 however 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 savings account video list of top accounts however they have considering that gone out of business and i seem like novo is the outright best choice to change them.
no those found in 2016 like numerous other contemporary banks they aren’t really a bank at all their tech business that has partnered with a bank in this case they have partnered with middlesex federal savings for the actual banking part i will not make any jokes here i’m an adult good lord despite the fact that i rarely act like one anyways novo the tech business covers all the fancy software application you connect with day to day possibly you have not heard of middlesex federal cost savings well you aren’t alone i had not either however don’t stress they are quite developed they have actually been around for 130 years whoa and they are a really relied on bank so your money in novo is fdic guaranteed so it is very safe to save there nova was built specifically 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 simply those who are sole owners slash freelancers their business account just needs 50 to open has no minimum balance and no month-to-month cost in fact they are entirely no charge across the board except for two exceptions insufficient funds charged and uncollected funds returned both fees are.
presently 27 i don’t like when banks have insufficient fund fees but given they have basically no other charges i do not believe it’s that huge of an offer because if you’re accountable with your money you should not encounter these fees in the first place their core offering is a business checking account with a debit card a beautiful killer feature with their debit card is that you can use any atm they will reimburse any atm charges you pay at the end of monthly back into your account yes even that questionable atm at the back of the convenience store that looks like it was integrated in 1980 that they utilized to prop open their storage closet door they’ll refund that atm charge too it’s remarkable it’s incredibly easy to register for an account with no vote you can do it in simply a couple of minutes online easily as all bank account openings should be they have a terrific looking app that’s well reviewed by their customers in the app shops it enables you to see an introduction of your account transfer money quickly deposit checks and other common functions i find it very easy to use and it has all the features 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 Bill Paycombinations with transferwise slack xero stripe wise quickbooks and shopify these have a variety of great functions for example the stripe integration permits 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 credit card processing that alone could conserve you five hundred dollars in charges that alone can save you cash they’re also including instant payments with stripes soon so instead of waiting for the funds to clear they will be right away readily available in your account it’s extremely similar to what some banks are making with personal checking accounts and allowing you to get your income a few days early speaking of advantages they have a lot they offer benefits for stripe google cloud gusto quickbooks and godaddy to name simply a few these range from cash savings to yearly discount rates to include credits to extended totally free trials there’s a ton of worth here so definitely inspect them all out to see if there’s something on the list you’re currently considering using one of the biggest things holding back on totally recommending novo was that they didn’t offer subaccounts or invoicing when i very first took a look at them two features i value very extremely with a business account sub accounts particularly are extremely essential to me as i like to set aside and conserve money for paying taxes i desire this different 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 very crucial i forgot to tell you what don’t cross the streams well the excellent news is that novo now provides these functions too their sub accounts.