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Novo Reviews

2.0416666666666665 out of 5 stars
2.0416666666666665 out of 5 stars
2.0
|Poor|120 reviews

Last reviewed 5 months ago

TrustScore

2.0
2.0416666666666665 out of 5 stars
Poor
5 out of 5 stars
27
4 out of 5 stars
2
3 out of 5 stars
2
2 out of 5 stars
7
1 out of 5 stars
82
120 reviews in total

Review summary

Novo receives significant criticism from customers, with many expressing frustration over account management and customer service. A common complaint is the abrupt closure of accounts without warning, leaving users feeling blindsided and unsupported. Reviewers frequently describe the customer service as inadequate, citing long hold times and unhelpful responses, particularly during urgent situations like fraud. Despite these issues, some users appreciate the ease of setting up an account and the overall banking experience when things run smoothly. However, the overwhelming sentiment reflects dissatisfaction, with many advising potential customers to reconsider their choice. Overall, Novo struggles to meet customer expectations, leading to a predominantly negative perception.

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Based on reviews, created with AI

See what reviewers are saying

brkaren
brkarenFeatured

8 months ago

5 out of 5 stars

I am a small business and have been…

I am a small business and have been using Novo for a few years now. I couldn't be happier!! The customer service is GREAT. They offer all the services I need for little or no cost. I dont know where I... See more

Maryanne
MaryanneFeatured

10 months ago

5 out of 5 stars

Easy for new small business owners to get up and running!

We've been with Novo since Azlo shut down in Jan 2021. The best thing about becoming a Novo customer was not having to waste hours driving to a physical bank branch and doing endless paperwork to open... See more

Thom
ThomFeatured

5 months ago

1 out of 5 stars

Account closed without warning

They closed my account with zero warning. Apparently it went too long without funds despite me regularly receiving payments into it for easily 6 months. They claim they sent me a warning email about t... See more

Jon Symes
Jon SymesFeatured

6 months ago

1 out of 5 stars

I think Novo is run by teenagers.

I think Novo is run by teenagers. Incompetent, uncaring, deceitful - nothing like a professional banking experience.

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TyBirmingham
TyBirmingham
1 reviews•New Reviewer
10 months ago
1 out of 5 stars

Never again

This company customer service is a nightmare - and impossible to close the account fully Never again

Helpful?
Robert Bell
Robert Bell
1 reviews•New Reviewer
10 months ago
5 out of 5 stars

Excellent business banking

Excellent business banking

Helpful?
gerbert leytner
gerbert leytner
1 reviews•New Reviewer
11 months ago
5 out of 5 stars

I love this bank

I love this bank, I will be using it on all my businesses now! They even have a thing called "NOVO BOOST"Z and your payments come through quicker. It has many integrations with other apps. I recommend this bank really nice bank.

Helpful?
stacey Lopez
stacey Lopez
1 reviews•New Reviewer
11 months ago
1 out of 5 stars

It’s been 5 months of constant hell…

It’s been 5 months of constant hell trying to get patient assistance for my senior citizen mother to help with her prescription. It’s been 5 months of faxing over paperwork and insurance cards, appeal letters, insurance termination letters and then having to call every 2 weeks to hear we need something else faxed. Something that could have been told to us 5 months ago. It’s a game, there is no way this couldn’t be handled 5 months ago, especially since she was approved for it in October of 2024

Helpful?
JuanMan
JuanMan
1 reviews•New Reviewer
11 months ago
1 out of 5 stars

Worst Customer Service in the Pharma…

Worst Customer Service in the Pharma Industry My Fiasp Insulin had some grey particles in the insulin, the insulin was damaged and was not reducing the glucose. I was travelling in Europe and made a complaint to the Company through the Health authorities. Novo Nordisk never gave me a proper answer and never apologized. Also they were out of Fiasp stock for months and same behaviour. They are useless.

Helpful?
Serena Evans
Serena Evans
1 reviews•New Reviewer
11 months ago
1 out of 5 stars

Worst company to use- don’t trust them…

Worst company to use- don’t trust them with your prescription. I’ll be reporting to the board of pharmacy and URAC

Helpful?
Brenda Faber
Brenda Faber
1 reviews•New Reviewer
11 months ago
1 out of 5 stars

NOVO was recommended by Legal Zoom in…

NOVO was recommended by Legal Zoom in October, 2024. We started a new business and decided to go with NOVO. When I got my first check to deposit I attempted to deposit on my computer. The words "deposit" appeared in a small circle and I clicked. Next thing I knew I was entering the routing number and account number on the check I was depositing. I stopped when I realized this was not the normal way to deposit checks online so I left the website. The next morning I went to the NOVO app on my phone and found the deposit spot. This time it was normal, take a picture of the front of the check, take a picture of the back of the check, enter amount and click. It worked and I was so pleased. Two days later I looked at my account and saw that I had accidentally "transferred" the check amount into my account. I emailed NOVO to ask if I could stop payment. I received the usual bs with no help whatsoever. My next problem was not only did the transfer go through, but the check deposit went through as well. Now I had cashed my customer's check twice. This was not a small amount, roughly $3,600. I immediately sent a check through the website to my customer to reimburse them for the error, $3600. I called my customer to alert them of the error and told them the check was on its' way. I followed the progress of the check and called NOVO every week to ask what was taking so long. After a MONTH my customer finally received the check. This is disgraceful. A week after my customer received their check another disaster occurred. My account was hacked. Not only hacked but the email address and phone number I had attached to the account had been changed. I called NOVO EVERY DAY FOR A WEEK. They kept telling me to go to my account and check the support folder. The problem was I couldn't access my account because every time they sent a code I was not receiving it, the thief was. After a solid week I finally got access to my account. For three days the thief had stolen over $2,800. I was told there would be an investigation that would take up to 120 days. I called often to find out what was happening. I was not allowed to get passed the call center (where everyone sounds the same and says the exact same thing). Finally, after two months I called and was told my claim was denied. I have now lost a very good customer and I am out $2800. I will be suing NOVO. DO NOT USE THIS "BANK".

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KATHLEEN REGAN
KATHLEEN REGAN
1 reviews•New Reviewer
11 months ago
1 out of 5 stars

They want you to die

My mom is the program for the Free Ozempic for her Congenital Heart Failure as prescribed by her cardiologist. And I HATE, HATE working with this company. They have an automated system to give you the tracking but funny how the ONLY part of the IVR system that is sped through is the tracking number. Therefore, you have to call in and these people are NASTY. They told me that my Dr messed up the paperwork, although mom already got the first 3 months shipment, and I asked why didn't they tell me so I could straighten it out and they had no good reason. We had to get free 4 weeks from mom's dr. THEN lo and behold I called back after paperwork was sent in AGAIN and didn't hear so I asked what the status was and WOW they said Dr. filled out paperwork wrong again!! THEY DO NOT CARE. THEY DO NOT WANT TO HELP. THEY DO NOT CAE IF PEOPLE DIE.

Helpful?
Jacob Taylor
Jacob Taylor
1 reviews•New Reviewer
11 months ago
5 out of 5 stars

Works better than expected by far

I have yet to have a problem with this bank over 2 years.... Organization is very user friendly and detailed..

Helpful?
CJ
CJ
1 reviews•New Reviewer
11 months ago
1 out of 5 stars

I never expected to have my account…

I never expected to have my account closed without any real explanation. No warning, no clear reason—just a sudden closure and vague messaging. This kind of lack of transparency is unacceptable from a financial institution. It’s not just inconvenient—it’s a complete breach of trust. I expected better, and frankly, I’ll be taking my business elsewhere. Think twice before trusting Novo with your money.

Helpful?
Kevin Robert
Kevin Robert
1 reviews•New Reviewer
12 months ago
1 out of 5 stars

Do not use this bank

Do not use this bank, I am stuck for 2 months because of this bank, all they do the moment we made a deposit they actually make your account frozen and you’ll never get an answer for a long, long, long time I can’t even call a bank. This is a some sort of scam

Helpful?
Chris
Chris
1 reviews•New Reviewer
12 months ago
1 out of 5 stars

They can't even craft a simple auth…

They can't even craft a simple auth form online or for mobile device that works! High schoolers can craft better medical forms and processes. This company is a joke.

Helpful?
Rochelle H.
Rochelle H.
1 reviews•New Reviewer
12 months ago
4 out of 5 stars

As a digital financial institution

As a digital financial institution, Novo has met the expectations I had. I specifically chose Novo for its reserves feature and so far I have not been disappointed. I had no illusions about its limitations, and as such have a physical bank locally. Their support was responsive and helpful when I needed it, so no complaints there. The only hiccup I had was when I tried to send a cheque to one of my vendors, it never got there, and there is no option to cancel or void it.

Helpful?
Eduardo
Eduardo
1 reviews•New Reviewer
12 months ago
3 out of 5 stars

Not the worst, not the best

As a small business owner I find Novo offers very limited features for my needs. I struggled with the fact they did not offer Credit Card for a long time (and now, after I've gotten one) they do. All transactions need to be electronic, meaning cashing a check or making a cash deposit is not possile. They lack an investment platform to rest money that is set aside. Using electronic checks to make payments can take several days unti it reaches the destination. On the other hand, they offer the basic features for a small business that can deal with some of the above inneficiencies.

Helpful?
Garrett Ruggieri
Garrett Ruggieri
1 reviews•New Reviewer
12 months ago
5 out of 5 stars

Excellent business banking platform

Excellent business banking platform! Has met or exceeded all of my expectations as I continue to grow my business.

Helpful?
Nicole Jones
Nicole Jones
1 reviews•New Reviewer
12 months ago
2 out of 5 stars

They offer NO service/assistance/help

They are great, as long as you don't need any special help or service. We were unable to use mobile deposit for a Cashier's Check, and for FOUR DAYS, they kept repeating that I should just delete and reinstall the app on my phone. I did that so many times... in the end they were unable to deposit the check, and had no suggestions as to how to move forward, yet kept saying, "we're happy to help" but also "so sorry we can't get it to work". We received NO HELP and had to open an account elsewhere in order to deposit the Cashier's Check.

Helpful?
Cupid Glow
Cupid Glow
1 reviews•New Reviewer
12 months ago
5 out of 5 stars

Lovely

Lovely! Very user friendly

Helpful?
Tykiesha Smith
Tykiesha Smith
1 reviews•New Reviewer
12 months ago
5 out of 5 stars

NOVO has been great for my business!

Novo was easy to set up and has wonderful integrations to help me manage my business. I was able to secure funding early, which helps a ton. Customer Service has been quick and helpful when needed.

Helpful?
Mr Chairman TYB
Mr Chairman TYB
1 reviews•New Reviewer
12 months ago
5 out of 5 stars

Novo is all you'll need to scale

Novo has, thus far, been responsive to our every need. I'm also enjoying the various products and services and the payroll loan revolving account is a very very nice touch. This company has helped me scale to the point where I only like fintech companies. Top notch! Thanks Novo and staff.

Helpful?
Doug
Doug
1 reviews•New Reviewer
12 months ago
5 out of 5 stars

Easy and efficient

Easy and efficient, for a small business

Helpful?
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About Novo

Novo is an online business banking platform designed to meet the financial needs of small business owners, freelancers, self-employed individuals, and consultants. Offering a suite of digital banking solutions, Novo provides its users with tools for easy invoicing, intuitive budgeting, real-time insights into their finances, and hassle-free funding options. The platform emphasizes simplicity and transparency, promising no hidden fees and providing a free checking account option for its customers. Targeted towards a diverse clientele ranging from marketing advisors and web developers to photographers and online retailers, Novo aims to support the growth and operational efficiency of small businesses through its flexible and forward-thinking banking services. The company assures the security of its users' funds with FDIC insurance through its partner bank, Middlesex Federal Savings, and safeguards personal and financial data with bank-level encryption. Additionally, Novo offers real-time fraud alerts and the ability to easily manage card security features. Through partnerships with industry leaders, Novo also extends exclusive deals and perks to its customers, further supporting their business success.

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