Novo business checking is best for small-business owners…Ovo Novo…
Prefer to manage their finances online and do not require to deposit money regularly.
To see you are you a small business owner or have you started a side hustle and now you’re searching for an excellent business savings account well are you did you well you remain in luck my friend as i think i have actually found an outstanding banking choice for you i’m talking about novobank not only am i talking about novo but i in fact utilize novo i have an account with them for this here youtube channel i will make 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 speaking about creation that’s right morty this is gon na be a lot like that other than you know it’s gon na make sense but before i get to the video let me jump directly into a spoiler alert novobank is one of my preferred options for business banking today their features are very competitive and the benefits they provide actually make them stick out so they get a big fat suggestion from me with just a few very minor cautions if you want more detail than that and i’m thinking you do then stick around for the remainder of the video because i’ll dive into what makes novo special what the pros and cons are and whether.
you ought to consider banking with them or not or not well fine on with the video if you watched my video rounding up my favorite business checking account you ‘d understand that one 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 see it you ‘d also see because video i didn’t speak about novo i truly liked novo however i simply couldn’t fit them or any others into my video at the time considering that the features were so similar to aslo i picked not to include them aslo also had a couple of functions that i felt were standout features 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 also the other factor i’m talking about aslo bank in this video is because they are on my business savings account video list of top accounts however they have actually since failed and i feel like novo is the outright best choice to change them.
no those found in 2016 like numerous other modern-day 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 real banking part i won’t make any jokes here i’m an adult good lord despite the fact that i seldom act like one anyways novo the tech business covers all the elegant software application you interact with day to day perhaps you have not heard of middlesex federal savings well you aren’t alone i had not either however do not worry 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 extremely safe to store there nova was constructed specifically for small business owners entrepreneurs and freelancers they support those who operate as real business entities like a corporation s corp or llc or just those who are sole owners slash freelancers their business account only requires 50 to open has no minimum balance and no regular monthly fee in fact they are entirely no cost across the board except for 2 exceptions inadequate funds charged and uncollected funds returned both fees are.
currently 27 i don’t enjoy when banks have insufficient fund costs however given they have essentially no other charges i don’t think it’s that big of an offer since if you’re accountable with your cash you should not come across these charges 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 reimburse any atm fees you pay at the end of each month back into your account yes even that questionable atm at the back of the corner store that looks like it was built in 1980 that they used to prop open their storage closet door they’ll refund that atm cost too it’s fantastic it’s extremely easy to register for an account with no vote you can do it in simply a few minutes online easily as all checking account openings need to be they have a terrific looking app that’s well examined by their customers in the app stores it allows you to see an introduction of your account transfer money immediately deposit checks and other typical functions i find it extremely easy to use and it has all the features i ‘d expect from a banking app another cool function of their account is all the integrations they support is their combinations they support wow they have Ovo Novointegrations with transferwise slack xero stripe sensible quickbooks and shopify these have a variety of terrific functions for example the stripe integration allows you to see your stripe balance and transfers right from your novo account likewise they have an excellent perk where if you link your account.
with stripe you get twenty thousand dollars in fee complimentary charge card processing that alone could save you five hundred dollars in costs that alone can save you money they’re likewise including instantaneous payments with stripes quickly so instead of waiting on the funds to clear they will be right away offered in your account it’s really similar to what some banks are doing with individual checking accounts and allowing you to get your income a few days early speaking of benefits they have a lot they offer advantages for stripe google cloud gusto quickbooks and godaddy to call simply a few these range from money savings to annual discount rates to add credits to extended free trials there’s a lots of value 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 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 2 features i value really highly with a business account sub accounts especially are extremely 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 invest it you do not wish to cross those cash streams there’s something very important i forgot to inform you what don’t cross the streams well the terrific news is that novo now provides these functions too their sub accounts.