{"account":{"slug":"novo-business-checking","bank":"Novo","name":"Business Checking"},"status":"recent","lastVerified":"2026-10-12","officialSource":"https://www.novo.co","history":[{"date":"2026-06-11","apy":"None","monthlyFee":"$0","minimumOpen":"None","atm":"No ATM network, but Novo refunds up to $7/month in third-party ATM fees","note":"Legacy snapshot before event-level evidence attachments"},{"date":"2026-10-12","apy":"None","monthlyFee":"$0","minimumOpen":"None","atm":"No ATM network, but Novo refunds up to $7/month in third-party ATM fees","note":"Reconfirmed $0 monthly fee, no minimum balance, no interest, $250k FDIC through Middlesex Federal Savings and $7/month ATM fee reimbursement","sourceUrl":"https://www.novo.co/business-checking/no-fee-checking","sourceLabel":"Novo no-fee business checking page"},{"date":"2026-10-22","apy":"None","monthlyFee":"$0","minimumOpen":"None","atm":"No ATM network, but Novo refunds up to $7/month in third-party ATM fees","note":"Corrected FDIC description from Novo Cambr sweep disclosure; other fields retain their earlier verification date.","sourceUrl":"https://www.novo.co/help/are-novo-accounts-fdic-insured","sourceLabel":"Official provider terms"},{"date":"2026-10-23","apy":"None","monthlyFee":"$0","minimumOpen":"None","atm":"Novo charges no ATM fee; up to $7 per customer per month in third-party ATM reimbursements, domestic and international","note":"Scoped review reconciles account narrative with up-to-$5-million sweep terms, corrects zero-fee claims, adds current Express ACH pricing, qualifies wire access and updates Boost timing from October 20 help. Removed unsupported superiority/support claims. Full-record date and prior history retained.","sourceUrl":"https://www.novo.co/business-checking/no-fee-checking","sourceLabel":"Official provider terms and current help"}],"verificationEvents":[{"id":"37d0b8e0-0620-48ad-86d3-d1376a0a9d74","entityType":"bank-account","slug":"novo-business-checking","checkedAt":"2026-10-23T09:32:48.308Z","recordedAt":"2026-10-23T09:32:48.309Z","sourceUrl":"https://www.novo.co/business-checking/no-fee-checking","sourceLabel":"Novo checking, sweep disclosure and October 20 payment help","outcome":"changed","summary":"Scoped fee, sweep narrative, wire eligibility and Stripe Boost corrections; previous history and full-record date preserved.","changedFields":["tagline","features","atm","pros","cons","ourTake","termHistory"],"previousHash":"f8e7ae4d836a6cbcd991837dd6f04b09f0311d845e40809fa64a19d723862943","recordHash":"7062de9cab41031aa54036b539a1c060af9d05a05c09dfa2aed1879a8388b8cc"},{"id":"a28d0930-57eb-41f7-b973-a0e941bf6911","entityType":"bank-account","slug":"novo-business-checking","checkedAt":"2026-10-23T03:15:12.118Z","recordedAt":"2026-10-23T03:15:12.119Z","sourceUrl":"https://www.novo.co/help/are-novo-accounts-fdic-insured","sourceLabel":"Novo Cambr sweep disclosure","outcome":"changed","summary":"Replaced obsolete single-bank-only FDIC description with conditional $5 million sweep coverage; other review fields retain October 12 verification.","changedFields":["fdic","cons"],"previousHash":"cf40331059ba65587127c4c9e34eb3b0f9d1fc05d228bfba016a998913922647","recordHash":"30df75c10d6d8dc35f6cf9c9c0018782a399fa37fb572f8957cefcda598a24c1"},{"id":"1ced2ec2-9821-4d1f-aa5a-7f5a4ba0b1c8","entityType":"bank-account","slug":"novo-business-checking","checkedAt":"2026-10-12T00:00:00.000Z","recordedAt":"2026-10-12T13:11:17.606Z","sourceUrl":"https://www.novo.co/business-checking/no-fee-checking","sourceLabel":"Novo no-fee business checking page","outcome":"changed","summary":"Reconfirmed $0 monthly fee, no minimum balance, no interest, $250k FDIC through Middlesex Federal Savings and $7/month ATM fee reimbursement","changedFields":["features/pros/cons"],"facts":{"apy":"None","monthlyFee":"$0","minimumOpen":"None","atm":"No ATM network, but Novo refunds up to $7/month in third-party ATM fees"},"previousHash":"e0e6813f166de27af42f071de6b3e02c841824562e10454d2b52a30b361ce0c3","recordHash":"5a0354418406a774e0c7d3e78001fef8ab9908211f9f5bdf5b2cc3d7e9f2b681"}],"methodology":"https://creditcompound.com/how-we-rate#verification"}