Novo Business Checking
Account terms and deposit structure with claim-level evidence and unresolved questions.
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Evidence and open questions · 7 supported · 4 open
Follow-up first-party review on October 1, 2026 added or updated: Transactions, Cash deposits, Deposit insurance. Other claims retain their individual evidence status; this is not a blanket certification.
Not established in the retrieved material for this specific account; check the account agreement.
Source 1Not established in the retrieved material for this specific account; check the account agreement.
Source 1Not established in the retrieved material for this specific account; check the account agreement.
Source 1No transaction-count limit is advertised; standard ACH and incoming wires are free. Dollar limits and other service charges may still apply.
Source 1Novo charges no ATM fee and reimburses third-party ATM fees up to $7 per month.
Source 1Novo is a fintech; banking services provided by Middlesex Federal Savings, F.A., Member FDIC.
Source 1Deposits are held through Middlesex Federal Savings, F.A., Member FDIC; applicable limits and pass-through conditions apply.
Source 1Not established in the retrieved material for this specific account; check the account agreement.
Source 1“Verified” means the linked source states this claim, not that every applicant receives the advertised terms. “Unverified” means the review did not establish the claim; it does not mean the provider publishes no information. Conflicts can reflect retrieval freshness or different offers. How we verify
Application requirements
Not verified in this review; confirm the exact offer.
Check the exact business type, ownership documents and location rules before applying. A listed requirement does not guarantee approval.
Account at a Glance
Where the Deposits Sit
Novo is a fintech; banking services provided by Middlesex Federal Savings, F.A., Member FDIC.
Deposits are held through Middlesex Federal Savings, F.A., Member FDIC; applicable limits and pass-through conditions apply.
Earlier source ledger
These dated records preserve earlier research. Use the claim evidence above for the latest review and any conflicts.
Current pricing page lists $0 monthly maintenance fee, no minimum balance requirement, $0 standard ACH, $0 Novo ATM fee, and optional-service fees disclosed before use.
Novo currently advertises no monthly fees, no minimum balance and no transaction limits, with FDIC-insured banking services through Middlesex Federal Savings, F.A., Member FDIC.