Novo Fee Calculator
Novo's business checking has no monthly fee and free standard ACH; it charges for Express ACH, outgoing wires and express check deposits. Enter a month of your banking to see what it costs.
Novo Fee Calculator
No monthly fee · standard ACH free · Express ACH 1.5% (min $0.50, max $20) · domestic wires up to $45
What the month costs
Novo's fee schedule gives the outgoing domestic wire and the express check deposit only as a ceiling, so those are the most they cost. International wires carry a provider fee Novo shows before you send, which it does not publish. Standard ACH, receiving wires and mailed checks are free, and the schedule lists a fee only for express check deposits, not standard ones.
Novo's fees
Express ACH, by payment size
Below $33.33 a payment pays the $0.50 minimum; from $1,333.33 it pays the $20 cap, so the fee's share falls as payments grow. Standard ACH, which takes longer, is free at any size.
Three businesses, priced
The wire is priced at Novo's published ceiling, so the agency's month is the most it would cost. The shop pays only the part of its ATM fees above Novo's $7 refund.
What Novo does not publish
Two of Novo's fees are published only as a ceiling, “up to”: the outgoing domestic wire ($45) and the express check deposit (2%). International wires carry a provider fee shown in the app before you send. Novo's FAQ page also lags its fee schedule: it still says Novo cannot send domestic wires and mentions a $27 insufficient funds fee, where the schedule lists the wire and $0.
Compare before you choose
Other US business accounts on this site: the Bluevine fee calculator, the Relay fee calculator and the Mercury fee calculator, with Mercury set against Bluevine and Relay on Mercury vs Bluevine and Mercury vs Relay. More business platforms are on the fintech calculators page.
Novo fees: common questions
Does Novo charge monthly fees?
No. Novo's fee schedule lists a $0 monthly service charge and a $0 minimum balance. It recommends an initial deposit of $1,000, but that is a recommendation, not a minimum.
What does Novo charge for wires?
Receiving a wire is free, domestic or international. Sending a domestic wire costs up to $45: Novo publishes only that ceiling. An international wire carries a provider fee that Novo shows before you send and does not publish.
How much is Novo Express ACH?
1.5%, at least $0.50 and at most $20 of the payment. A $1,000 Express ACH costs $15.00; from $1,333.33 it costs the $20 maximum, and below $33.33 the $0.50 minimum. Standard ACH is free.
Is Novo ACH free?
Standard ACH is free to send and receive. Only Express ACH, the faster option, has a fee: 1.5%, at least $0.50 and at most $20.
Does Novo charge ATM fees?
Novo charges no ATM fee of its own and refunds up to $7 a month of the fees other banks' ATMs charge you. Above that, you pay the rest.
Does Novo charge an overdraft or insufficient funds fee?
Its current fee schedule, revised February 26, 2026, lists $0 for insufficient funds and for stop payments. An older FAQ on Novo's site still mentions a $27 fee; the schedule is the newer document.
Does Novo pay interest?
No. Its fee schedule lists a 0% annual percentage yield, and Novo says it does not offer savings accounts or interest on checking.
Does Novo charge for check deposits?
An express check deposit, for faster access to the money, costs up to 2% of the check with a $0.50 minimum, so up to $10.00 on $500. The schedule lists no fee for a standard deposit.
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Last Updated: Fees read from Novo's fee schedule (revised February 26, 2026), its checking page and its payments page on October 18, 2026.