Micro-deposits are small amounts of money credited to your account in order to verify that your account can be used for transactions. These are sometimes referred to as test deposits or trial deposits.
Typically, once you see a micro-deposit appear in your Novo account you can navigate back to the issuing bank or company to confirm the micro-deposit.
The following third parties commonly use micro-deposits:
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PayPal Venmo Square Ally Bill.com PNC Bank U.S. Bank |
Intuit Bank Of America Etsy Chase Ebay Citibank T USAA |
Wells Fargo QuickBooks Discover Bank Gusto Charles Schwab Capital One TD Bank |