Backed with FDIC insurance*No hidden feesNo monthly fees or minimum balance requirementsSimple, easy-to-use mobile appsApply in under 10 minutesHuman-powered customer serviceFree transfers, mailed checks, and incoming wiresIntegrates with other small business toolsRefunds all ATM feesThousands of dollars in exclusive perksBacked with FDIC insurance
Hide monthly or usage fees in the fine printCharge up to $20 per month in feesDifficult and clunky mobile appsCan take weeks to open an accountChatbots and automated phone supportCharge $3 per transfer and up to $25 for incoming wiresUpsell you on only their own, out-of-date productsCharge you $3 to use out-of-network ATMsCharge you to use their products
Your deposits are insured up to $250,000 through our partner bank, Middlesex Federal Savings, Member FDIC.
Your Novo debit card is protected by Mastercard EMV technology, making it virtually impossible to counterfeit.
Our dedicated security teams and bank-grade encryption ensures that your information remains safe 24/7.
