Launch me

Banking For Internet Business

Earn 0.55% APY on all deposits
1% cash back on all purchases
No ITIN or VISA required for non-residents
Applying will not affect your credit score.
Novel accounts are FDIC-insured up to $250,000
Novel App screen
Our Mission:

Fair & friendly banking

We believe in building a transparent, fair, and friendly banking experience for businesses. That means no fees, a great digital experience, friendly human support, and more time in your day to focus on what you do best: your business.

Trusted by 1000+ global businesses

FAQs

Am I eligible?
+
U.S. residents and non-residents are both eligible. Eligibility is based on where you currently live. We support all individuals in all countries except for the following: Belarus, Burundi, Central African Republic, Cuba, Democratic Republic of the Congo, Iran, Iraq, Lebanon, Libya, Nicaragua, North Korea, Somalia, South Sudan, Sudan, Syria, Ukraine, Venezuela, Yemen, and Zimbabwe
What do I need to apply?
+
You’ll need a U.S. company with a federal EIN, your company’s official formation documents, and a picture of your government ID (e.g. a passport or US driver’s license).
What does Novel cost?
+
Novel costs $10/mo. We do not charge account minimum balance, account opening, or other fees. Included in your subscription are free domestic and international transfers (ACH & Wire), a secured credit card with 1% cashback, 0.55% APY on your deposits, and access to apps such as payroll, invoicing and more to make it easy for your to run your online business. Our FX transfer rates are competitive and we don't earn money off your international transfers.
Do you provide a debit card?
+
We offer instant virtual credit cards with 1% cashback in your account. We're working hard to bring physical debit cards to our customers.
Can I connect my Novel account to payment processors like Stripe?
+
Yes! You can connect Stripe or PayPal to your Novel account. Your account and routing are listed in your account.
Are my deposits FDIC insured?
+
Yes, all deposits are FDIC insured up to $250,000. Novel works with FDIC insured banks including Blue Ridge Bank, Member FDIC, to store your deposits.
Are my deposits FDIC insured?
+
Yes, all deposits are FDIC insured up to $250,000. Novel works with FDIC insured banks including Blue Ridge Bank, Member FDIC, to store your deposits.
Am I eligible?
+
U.S. residents and non-residents are both eligible. Eligibility is based on where you currently live. We support all individuals in all countries except for the following: Belarus, Burundi, Central African Republic, Cuba, Democratic Republic of the Congo, Iran, Iraq, Lebanon, Libya, Nicaragua, North Korea, Somalia, South Sudan, Sudan, Syria, Ukraine, Venezuela, Yemen, and Zimbabwe
What do I need to apply?
+
You’ll need a U.S. company with a federal EIN, your company’s official formation documents, and a picture of your government ID (e.g. a passport or US driver’s license).
What does Novel cost?
+
Novel costs $10/mo. We do not charge account minimum balance, account opening, or other fees. Included in your subscription are free domestic and international transfers (ACH & Wire), a secured credit card with 1% cashback, 0.55% APY on your deposits, and access to apps such as payroll, invoicing and more to make it easy for your to run your online business. Our FX transfer rates are competitive and we don't earn money off your international transfers.
Do you provide a debit card?
+
We offer instant virtual credit cards with 1% cashback in your account. We're working hard to bring physical debit cards to our customers.
Can I connect my Novel account to payment processors like Stripe?
+
Yes! You can connect Stripe or PayPal to your Novel account. Your account and routing are listed in your account.

How to start banking with Novel

Steps
1. Sign up today

Create an account and fill out your application in as little as 5 minutes. Get approved in 24 hours.

2.  Make a deposit

Deposit funds or link your Stripe or PayPal.

3. Streamline your business finances

Start banking by creating a credit card, setting up contractor payments, sending invoices, and more!

1.  Sign up today

Create an account and fill out your application in as little as 5 minutes. Get approved in 24 hours.

2.  Make a deposit

Deposit funds to start sending invoices and payments. No fees on any transactions - domestic and international.

3. Streamline your business finances

Every Novel account includes standard banking features, virtual credit cards, invoicing, domestic and international payments and much more!

I could barely send a wire on time for cheap with my old bank. Novel let me send a wire to Colombia (my other bank refused...) where I employ my developers with no fees and it was fast. It's been such a breeze sending payments.”
Martina NielsenRetgers Inc.
Before Novel I wasn’t able to manage my business, send wire transfers, or do payroll all in one place. Now I can access everything in one place with peace of mind.
Elias ManoplaSimplify Ecommerce
RIght Arrow

Make Money Off Your Deposits with 0.55% APY

Track and receive payouts for interest earned on your deposits
Earn more from your money compared to major banks (Chase, Bank of America, and Wells Fargo offer 0.01% APY)
No minimum balances or extraneous fees to reduce your hard earned deposits
Replaces:
Cash

Hassle & Fee Free International Payments

Send money home with free international wires
Pay your global team in 130+ currencies. Always at the best available exchange rate
No more $45 wire fees
Replaces:
International wires

Earn 1% Cashback With Your Secured Credit Card

Earn 1% cash back on all purchases with no limits
Build business credit history automatically when you spend
We automatically report your payments to all 3 U.S credit bureaus
Replaces:

Use Novel Apps to Run Your Business Efficiently

Invoicing & Direct Payments
Integrated payroll for payouts to remote contractors
Reporting & reconciliation to Quickbooks accounting
Replaces:
Invoices

Connect the apps you use every day

Connect Novel to receive payouts from:

& More

Get peace of mind with top notch security

Bank Grade Encryption
All your data is encrypted with AES 256 bit bank grade encryption.
Geo-fenced
Your money is held securely in a geo-fenced account
2-Factor Auth
Secure your account with 2 Factor Auth (2FA) for added peace of mind
Layered Authentication
Brief two line  description of layered authentication appears here

Support with real humans

Reach real human support in minutes by phone, chat, or email. We operate at the speed of your business.

Us vs. Them

Scroll right to view more

Unlimited Banking For One Low Price

$10/mo
No hidden fees
No minimum balance
No commitment
Cancel anytime

Start building your online business today

Open My Account
Still thinking about it?