Novo Platform Inc. (“Novo”) is not a bank and does not accept deposits or provide banking products. Novo is a fintech and acts as a service provider to Middlesex Federal Savings, F.A., and the deposit and banking products obtained through the Novo platform are provided by Middlesex Federal Savings, F.A.
Middlesex Federal Savings, F.A. is a federal savings bank and an FDIC-insured depository institution (FDIC Certificate 28368). Deposits made at Middlesex Federal Savings, F.A. through the Novo platform receive FDIC insurance protection on a pass-through basis up to the applicable legal limit. When determining the amount of your deposits covered by FDIC insurance, please note all deposits you make through the Novo platform will be aggregated with all deposit accounts of the same ownership and/or vesting held at Middlesex Federal Savings, F.A. and Middlesex Federal Savings, F.A. brands.
Additional information regarding FDIC insurance coverage is available at www.fdic.gov. The Novo Mastercard® Debit Card is issued by Middlesex Federal Savings, F.A. pursuant to a license by Mastercard U.S.A. Inc. The Novo Mastercard Debit Card may be used everywhere Mastercard debit cards are accepted.
Novo provides a platform for modern businesses.
You can apply for an account online in minutes, giving you more time to focus on running your business. We provide all the tools you'll need to link to your existing accounts, pay your bills, process ACH transfers, and deposit checks, all within the Novo app. With your account, you will receive a Novo Mastercard business debit card to use around the world and at any ATM without any fees from us.