Novo – Small Business Checking

What is Novo?

Nova is a mobile‑first financial service designed for small‑business owners who need a straightforward way to handle everyday banking tasks. It operates as a fintech platform that partners with a federally insured bank to provide checking accounts, debit cards and basic financial tools directly from your Android device.

Main features

• Account setup in minutes – Complete the application process online without visiting a branch.
• Debit card management – Activate, lock or unlock your Novo Mastercard Business Debit Card from the app.
• Bill payment and ACH transfers – Send payments and move money between accounts without extra fees.
• Mobile check deposit – Capture check images to add funds to your account.
• Transaction categorisation – Tag expenses to keep business spending organised.
• Reserve savings – Separate a portion of your balance for future needs.

How it works

After downloading the app, you create an account by providing basic personal information and a Social Security number. The platform then links you to a partner bank, which holds the funds under FDIC protection. All banking actions – from issuing a virtual card to initiating a transfer – are performed through the app’s secure interface.

Practical uses

• Pay suppliers and contractors directly from your phone.
• Track business expenses in real time for easier bookkeeping.
• Maintain a dedicated reserve fund without opening a separate account.
• Use the virtual card for online purchases while keeping the physical card for in‑person transactions.

Installation information

Search for “Novo – Small Business Checking” in the Google Play Store, tap Install, and follow the on‑screen prompts. The app requires a compatible Android device with access to Google Play services.

Things to know before installing

• The service is available to U.S.‑based businesses whose owners have a valid Social Security number.
• All banking services are provided by a partner bank; Novo itself does not hold deposits.
• Standard mobile‑device security practices, such as a lock screen and device encryption, help protect your financial data.

Who may find Novo useful?

Freelancers, startups, solo‑proprietors and any small‑business team that wants a simple, fee‑free checking solution that can be managed entirely from a smartphone.

Frequently asked questions

Is Novo a bank?

No. Novo is a fintech platform that partners with a federally insured bank to offer checking accounts.

Are there any monthly fees?

The core checking account and most basic features are offered without a monthly charge.

Can I use the app to withdraw cash?

Yes. The physical Mastercard Business Debit Card can be used at ATMs worldwide; fees are typically covered by the partner bank.

How secure is the app?

Security includes encrypted data transmission, device authentication and the backing of an FDIC‑insured bank.