Novo for Delaware LLC.

• Zero monthly fees
• Built-in invoicing and expense tracking
• Unlimited virtual cards
• ATM fee reimbursement ($7/month)
• 0% foreign transaction fee
• Good integrations with Stripe, Square, PayPal
• Simple mobile app

• No multi-user access
• No cash deposits
• No savings accounts
• No credit cards
• International wires cost $35
• Limited for businesses with multiple employees
• No API access

• Monthly fee: $0
• Account opening: $0
• Wire incoming: $0 (domestic), $10 (international)
• Wire outgoing: $0 (domestic), $35 (international)
• ACH transfers: $0
• ATM fees: $0 (ATM fee reimbursement up to $7/month)
• Foreign transactions: 0%

• Debit card: Physical + virtual
• Mobile app: Yes
• Multi-user access: No
• Check deposits: Yes
• Check issuing: Yes
• API access: No
• Accounting integrations: QuickBooks, Xero, Stripe, Square, PayPal

Can a non-US resident open a Novo account with a Delaware LLC?

No, or it is very difficult. Novo typically requires a Social Security Number or ITIN, and non-US founders usually need to visit a branch in person. Consider Mercury or Wise Business instead.

What documents does Novo require for a Delaware LLC?

Novo requires 6 specific documents for a Delaware LLC: Delaware Certificate of Formation; EIN confirmation letter; Government-issued photo ID; US address; and Social Security Number OR foreign passport; Business website or LinkedIn profile. The most critical document is your Certificate of Formation, which must match your LLC name exactly on the application. Your EIN confirmation letter from the IRS is mandatory — banks verify this number against IRS records, and applications without a valid EIN are rejected automatically. Non-US founders typically need additional documentation, including proof of US address and sometimes an in-person branch visit. We recommend organizing these documents in a single PDF before starting your application.

How long does Novo take to approve a Delaware LLC account?

Approval typically takes 1 to 3 business days. Online fintech banks like Novo review applications faster than traditional banks because they use automated document verification. Rejection is most common when high-risk industries (crypto, gambling, adult content). Additional verification can add 2-3 business days. If your application is flagged for manual review, respond to any document requests within 24 hours to prevent further delays. Founders who apply on Monday morning typically receive approval by Wednesday or Thursday.

Does Novo charge monthly fees?

No. Novo has no monthly fees and no minimum balance requirements. You can open an account with zero dollars and maintain it indefinitely without paying maintenance charges. This compares favorably to Chase Business ($15/month unless you maintain $2,000) and Bank of America ($16/month unless you maintain $5,000). There is also no account opening fee. For a Delaware LLC operating on lean margins, zero monthly fees preserve capital for growth.

Can Novo receive wire transfers?

Novo receives wires for free. Outgoing domestic wires are also free, which is rare among US business banks. Wire transfers are the fastest way to move large sums into your Delaware LLC account from international clients or investors. Most fintech banks charge for international wires, but Novo offers competitive rates. If you expect frequent wires, compare the annual cost: at Chase, 12 incoming international wires cost $180. At Novo, the same volume costs $0.

Does Novo offer virtual debit cards?

Yes. Novo offers virtual cards for online purchases and subscriptions. You can create unlimited virtual cards with unique card numbers for each vendor, which improves security and makes expense tracking easier. If one vendor is compromised, you disable that card without affecting your main account. This is especially useful for SaaS subscriptions, advertising accounts, and freelancer payments. Novo also provides physical debit cards for in-person purchases and ATM withdrawals.

Can I deposit cash into Novo?

No. Novo does not accept cash deposits. If your Delaware LLC handles cash — for example, a retail store, restaurant, or event business — you need a traditional bank like Chase, Bank of America, or Capital One that operates physical branches. Most fintech banks, including Novo, Mercury, and Wise, do not handle cash because they lack branch infrastructure. Plan to deposit cash at a traditional bank, then transfer funds to Novo via ACH.

Does Novo integrate with QuickBooks or Xero?

Yes. Novo integrates with QuickBooks, Xero, Stripe, Square, PayPal. The QuickBooks connection syncs transactions automatically, categorizes expenses, and reconciles your books in real time. The Xero integration imports bank feeds daily and matches transactions against invoices. Accurate bookkeeping is essential for Delaware LLC tax compliance, and these integrations eliminate manual data entry.

What happens if Novo rejects my application?

Novo rejects applications for High-risk industries (crypto, gambling, adult content); Non-US founders without clear business presence; Mismatched documentation. If rejected, you have three options. First, appeal with corrected documentation — fix mismatched names, add missing documents, or clarify your business description. Second, apply to an alternative like Mercury or Wise, which have broader acceptance criteria. Third, work with a DelawareLLC.co specialist who reviews your application before submission and troubleshoots rejections. The best prevention is following Novo's guidelines: provide a professional website or linkedin.

Should I choose Novo or Mercury for my Delaware LLC?

Choose Novo if solo delaware llcs, freelancers, consultants, and small businesses with one owner who want simple, free banking with built-in invoicing. Choose Mercury if you want zero fees, faster approval, and better support for non-US founders. Novo offers virtual cards, and zero monthly fees. For non-US founders without an SSN, Mercury accepts foreign passports and approves in 1-5 days. If you need international transfers, Novo may be the better primary choice.