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One of the major advantages of Novo over other traditional financial structures is the lack of necessity to pay any fees. Despite that, clientele should be aware that if a transaction is made and there are deficient funds to complete the payment, the Novo account will be charged a $27 fee.
For the moment, Novo does not yet merge with Zelle for transferring money, but they offer free and unlimited ACH transfers within the Novo app, and it takes just 2 to 3 days to process.
Yes, Novo account users may connect their account to PayPal. To make this connection, you will link directly with your account and routing numbers, which can be found in the 'Account' tab of the Novo app. Nonetheless, do not select the option to connect with Middlesex Federal Savings.
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