Do I have to pay any fees to open a Novo account? August 17, 2023 15:10 Updated No, Novo accounts are completely free. We do not have any regularly scheduled or hidden fees like most other business accounts. Apply for a Novo account today! Related articles Does Novo issue a monthly service charge? Does Novo charge fees for transfers? Do Novo accounts have a minimum or maximum deposit? Can I withdraw or Deposit Cash with Novo? Does Novo charge overdraft fees? Comments 0 comments Article is closed for comments.