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If you own a small business or have a side hustle, then you have probably considered a business bank account. There are so many of them out there, which is the best? Well, I think Novo Bank is one of the very best options right now. In this video, I review Novo, cover all the pros and cons, and whether you should consider banking with them or not. ▼▼

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Two quick corrections for the video:

1) The logo I used when mentioning Novo’s partner bank was that of Middlesex Savings Bank, who Novo isn’t affiliated with. Novo partnered with Middlesex Federal Savings. The facts about when they were established are still correct.

2) I included the logo for Wise Bank on the list of integrations instead of the logo for TransferWise who has been rebranded to just Wise. They are not partnered with Wise bank, but they are partnered with Wise (transferwise).


00:00 – Intro
01:16 – Overview
04:15 – Integrations and Perks
05:20 – Sub-accounts and invoicing
06:38 – The downsides
08:05 – Wrap it up

Novo Business Banking Review
Best small business bank account
Novo Bank Review
Best business bank accounts

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Novo is a fintech, not a bank. Banking services provided by Middlesex Federal Savings F.A.; Member FDIC

DISCLOSURE: Some of the links on this page are affiliate links, this means that I may earn a commission if you click through and make a purchase and/or subscribe. Affiliate commissions are a great way to help fund and support the channel. 

I am not a financial advisor. The ideas presented in this video are for entertainment purposes only. You (and only you) are responsible for the financial decisions that you make.