Pros
Unlimited ATM fee refunds: Novo reimburses all ATM fees worldwide, including international ones
Novo Reserves feature: Ability to set aside a portion of cash flow (percentage or fixed amount) for specific expenses
Extensive third-party integrations: Connects seamlessly with popular business tools like Stripe, Square, Shopify, Wise, and QuickBooks
Cons
Limited cash deposit options: Cash deposits are not directly supported, requiring workarounds like purchasing money orders to deposit via mobile check deposit
No interest-bearing option: Unlike some competitors, Novo does not offer any interest on account balances
Restricted customer service hours: Support is only available on weekdays from 9 am to 6 pm EST