The Best Online Bank for Small Business Owners

Hey business friends! As a business owner, you know how valuable your time and money are, you’re constantly wearing all the hats. Don’t worry so am I ! That’s why finding the best business bank that can help you save both is essential. In today’s world, online banks are becoming increasingly popular due to their convenience and low fees. However, not all online banks are created equal, and come with cool PERKS – to help you save time & money!!

Several years ago a friend recommended Novo to me after a ton of frustration with other banks I tried. I’ve since fallen in love with Novo and all the new things they are constantly rolling out to help small business owners like you and me. This innovative bank offers a range of features that can help you streamline your business finances and save both time and money.

One of the most significant advantages that I LOVE about Novo is your ability to let you set aside a reserve of a portion of your funds! You can even set up your reserve and set a percentage of your income to AUTOMATICALLY go in that reserve. No more doing the math everything you get paid to set aside 20% for taxes! You can have up to five reserves for whatever you are saving for & even set expenses to come out of certain reserves. Huge time saver right there!! You can open a business account in just a few minutes, without any minimum balance requirements or monthly fees. This means you can focus on growing your business instead time figuring out your money and what is going where.

Novo also offers a range of tools and integrations that can help you manage your finances more efficiently. For instance, you can link your account to popular accounting software like Wave and QuickBooks, which can save you time on bookkeeping tasks. Again I use Wave to do that and I highly recommend it!! I don’t have time to look at my bank every month and manually enter all the transactions. Additionally, Novo’s mobile app allows you to pay bills, and view your account balances on the go.

Another AWESOME benefit of Novo is their partnering up with Stripe. If you use a payment processor like Stripe to accept credit card payments you are missing out if you aren’t banking with Novo! They offer promos for 0% processing fees, the last one I got notified of on April 5th was offering 0% credit card fees on transactions up to $5,000! Why not have more money in your pocket?! (You can click the image below or my affiliate link and get $40 after funding your account. PLEASE NOTE -They may have since changed their promotions with Stripe be sure to check when you open a new account if they are still offering this promo or another with Stripe! )

Take it from me, Novo is the ideal online business bank for small business owners looking to save time and money. Honestly, it’s the best one I’ve found! With their user-friendly platform, advanced integrations, and affordable fees, Novo can help you focus on what really matters – growing your business. If you want to check out Novo and all they have to offer here is my affiliate link where you can get $40 for opening an account – >