Novo review
Updated October 17, 2026 · DebitCue Editorial Team
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Our verdict
For independent businesses, Novo offers a business checking account plus physical and virtual debit cards for managing cash flow. It suits freelancers, online sellers and other small operators who want invoicing, expense tracking and connected tools in one central place.
Pros and cons
Pros
- Business debit cards in physical and virtual form for spending control
- Invoicing, expense tracking and cash flow views in one account
- Connections to accounting, payments and payroll tools for sync
- Serves varied trades from freelancers to retail and food operations
Cons
- Focused on small independent firms, less relevant for larger companies
- Card coverage centres on debit, with no broader card types for choice
Who it suits
- Freelancers and consultants managing client income
- Online sellers and retail operators tracking expenses
- Trades and service firms handling vendors and bills
Who should look elsewhere
- People seeking a personal account for daily spending
A business account with its own cards
The account is a business checking account, kept separate from personal money. Cards issued on it come in physical and virtual forms, so staff, contractors or online purchases can be handled without sharing a personal card. Card spending appears in the same place as incoming payments, which keeps the business picture easy to follow. Owners who run several small activities can use the cards to separate costs for each one, giving clearer lines between income and outgoings.
Invoicing and cash flow in one view
Invoicing, expense tracking and a running view of money coming in and going out sit together in the same account. Owners can see what is expected to arrive, what has left and which items need attention, without rebuilding the picture in a spreadsheet. Connections to common accounting, payment and payroll tools help keep the books consistent, so the figures used for tax and planning match what the bank shows. Automatic categorisation of expenses reduces the manual sorting that many small firms find tedious.
Built for independent operators
The offer is aimed at independent businesses rather than large companies, and it covers a wide mix of trades. Freelancers, consultants, online sellers, retail operators and service firms all fit the typical user, since each needs billing, payments and expense control in one place. The approach keeps the focus on owners who run the business day to day and want banking that matches the scale of their work instead of a large corporate setup.
How Novo compares
8.2 vs 9.4
8.2 vs 9.0
8.2 vs 8.9
8.2 vs 9.2
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8.2 vs 8.5
8.2 vs 8.5
8.2 vs 9.0
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8.2 vs 8.8
8.2 vs 8.7
8.2 vs 9.2
8.2 vs 9.0
8.2 vs 8.9
8.2 vs 8.8
8.2 vs 9.6
8.2 vs 9.4
8.2 vs 9.4
8.2 vs 9.2
8.2 vs 9.1
8.2 vs 9.1
8.2 vs 9.1
8.2 vs 9.1
8.2 vs 8.8
8.2 vs 8.8- 8.2 vs 8.8
- 8.2 vs 8.8
8.2 vs 8.8- 8.2 vs 8.8
8.2 vs 8.5
8.2 vs 8.5
8.2 vs 8.5
8.2 vs 8.3
8.2 vs 8.2
8.2 vs 8.0
8.2 vs 8.0
Frequently asked questions
Who can open a Novo account?+
Novo is aimed at small business owners and independent businesses rather than personal users. It covers freelancers, consultants, online sellers and service trades among its audience. Opening an account allows invoicing setup and getting paid in just a few steps.
What products does Novo cover?+
Novo covers a business checking account with physical and virtual business debit cards. It also provides invoicing, expense tracking and money movement options including ACH, wires and instant transfers. Connected accounting, payments and payroll tools keep records in sync.
How does Novo help manage cash flow?+
Novo shows incoming and outgoing money and items that need attention without spreadsheets. It organises expenses, receipts and profit and loss views in one place. Automated categorisation and connected tools help track cash flow and plan ahead.
Which types of business does Novo serve?+
Novo addresses freelancers, consultants, online sellers, trades and field services. It also addresses food and beverage, professional services, retail and personal care. The common thread is independent operation with a need for billing, payments and expense control.
Who is the account designed for?+
The account is designed for small business owners and independent operators. Freelancers, consultants, online sellers and service trades form a large part of the typical user base. It is less suited to people who want a personal account for everyday spending, because the tools centre on business income and costs.
What tools come with the business account?+
The account brings together a business checking account, physical and virtual business cards, invoicing and expense tracking. Owners can link accounting, payment and payroll tools so information stays aligned. Together these features give a single base for billing clients, paying suppliers and reviewing how the business is doing.
How does the account help with cash flow planning?+
The account gives a clear view of incoming and outgoing money, along with the items that need action. Expenses are sorted automatically, which makes it easier to see where money is going. With the books kept in one place, owners can plan ahead with figures they trust rather than piecing together several separate reports.
Sources
- novo.co checked September 26, 2026
Backs: Support channels
“Get Help”
- novo.co/business-checking/debit-card checked September 26, 2026
Backs: Audience, Card type, Features, Card network
“Physical and Virtual Business Debit Cards”
- novo.co/business-checking/no-fee-checking checked September 26, 2026
Backs: Monthly fee
“No-fee Business Checking”
Compiled from 3 source pages, checked October 17, 2026. We did not open an account.
Not confirmed yet: Annual fee, APR, Currency conversion fee, Rewards type.