Novo review

Novo charges $0 a month on its business checking account, with the card attached to that same account. For context, the median monthly fee across the site is €0 and the top end of the range reaches €99. A free monthly fee says nothing about what an account does with the money.

Novo is a debit card rather than a crypto card. The card type is debit and it runs on the mastercard network, so spending comes out of the balance in the business checking account. A virtual card is also listed, which gives that same balance a second way to pay online.

A virtual card is listed among the card features, so virtual card sits alongside the physical debit card. That suits teams wanting an online card kept separate from the one staff carry day to day. Both draw on the business checking balance, billed at $0 a month.

Novo is aimed at business account holders, so the card is built around company spending rather than personal banking. The account that comes with it charges $0 a month. Retail readers would be better served starting with Wise, which lists a £0 monthly fee.

Published support runs on help centre only, so help arrives as written help centre answers rather than a listed phone or chat line. Businesses that need to reach a person quickly should check another provider first, since that is the only channel listed for Novo.

Novo's $0 business checking fee matches the pattern across the group: Wise lists £0, Monzo Flex lists £0 and Bitpanda lists €0. Price is not what separates them. Audience and card type are, since Novo is built for business spending.

No regulator or licence is named for Novo in these details, and no deposit protection scheme is described for the business checking account. The card itself is a mastercard debit card charging $0 a month. Readers who need a named regulator should check the licence listing on each provider.