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At a glance
- Category
- Business banking & neobanks
- Best for
- US freelancers and very small businesses
- Pricing model
- Free plan. Prices change often, so check the current plans on novo.co.
- Available in
- US
Key features
- No monthly fee account
- Built-in invoicing
- Reserves for setting money aside
What to check before you sign up
- Who holds the deposits and whether they are covered by a deposit guarantee scheme.
- Fees for international transfers and currency exchange.
- Integrations with your accounting tool.
- Whether your business type and country are accepted.
Alternatives to Novo
AirwallexBusiness banking
Best for companies selling and paying globally.
BluevineBusiness banking
Best for US small businesses that want interest on their balance.
LiliBusiness banking
Best for US freelancers who want tax help built in.
MercuryBusiness banking
Best for US startups and tech companies.
Monzo BusinessBusiness banking
Best for UK sole traders who already like Monzo.
N26 BusinessBusiness banking
Best for European freelancers and sole traders.
See all Novo alternatives compared →
Compare Novo
Information checked 26 October 2026. NxtGenFin is an independent directory, not affiliated with Novo unless marked as featured, sponsored or affiliate link. Not financial advice.