Novo ACH Transfer Limits

In this guide, we'll break down everything you need to know about Novo ACH transfer limits - including their customizable limit system, processing times, and how their fee-free structure compares to traditional banks. We'll also explore alternatives when Novo's limits create operational bottlenecks. For businesses needing higher capacity, we'll cover Nickel, a B2B payment platform designed for large invoice-based payments, with free ACH transfers up to $1 million per transaction. If Novo's limits are constraining your payment operations, this article will show you how to keep large payments moving efficiently.

Novo's Current ACH Transfer Limits

Novo takes a personalized approach to ACH transfer limits, with restrictions that vary based on individual business needs and account activity. Unlike traditional banks that publish standard limits, Novo customizes transaction thresholds for each business account through their unique assessment process.

According to Novo's support documentation, they currently impose limits on ACH transfers, check deposits, ATM withdrawals, and point-of-sale purchases. However, the specific amounts aren't publicly disclosed, as limits are "unique to your business" and can be found in the "Account Info" section of the Novo app.

This individualized approach means two businesses with similar profiles might have different ACH transfer capacities. Novo's fintech model allows them to adjust limits more dynamically than traditional banks, potentially offering higher thresholds for businesses that demonstrate consistent activity and low risk.

The platform offers unlimited free ACH transfers within your assigned limits, processing transfers in 2-3 business days through standard ACH networks. This fee-free structure makes Novo competitive with other fintech solutions while providing the flexibility to request limit increases as business needs grow.

How Novo's Limits Compare to Traditional Banks

Novo vs Traditional Banks:

Limits vary based on account type and customer relationship

Novo's personalized limit system distinguishes them from traditional banks that use one-size-fits-all approaches. While major banks often require lengthy approval processes for limit increases, Novo allows businesses to request adjustments directly through their app interface.

According to industry analysis, most banks offer ACH transfer limits ranging from $2,000 to $25,000 per day, with Novo's customized approach potentially falling anywhere within this range based on individual business assessment.

Daily ACH Transfer Limits Explained

Novo's daily ACH transfer limits reset each business day and apply to outgoing transfers from your business account to external recipients. The platform refers to these as "ACH push limits," which can be increased to accommodate growing business needs.

The fintech's approach to limit setting considers multiple factors including business type, transaction history, account tenure, and overall financial patterns. New accounts typically start with conservative limits that increase over time as the business establishes a track record with Novo.

Unlike traditional banks that often separate incoming and outgoing limits, Novo focuses primarily on outgoing transfer restrictions while allowing unlimited incoming ACH transfers. This structure benefits businesses that receive more payments than they send, such as service providers or freelancers.

For businesses approaching their daily limits, Novo's same-day limit adjustment system through the app provides faster resolution than traditional banking channels that may require branch visits or lengthy phone calls.

Business ACH Transfer Considerations

Novo specifically designs their services for small businesses, freelancers, and entrepreneurs who need efficient payment processing without traditional banking complexity. Their ACH transfer system integrates seamlessly with popular business tools like QuickBooks, Xero, Stripe, and Zapier.

The platform's business-focused approach includes features like unlimited invoicing, integrated payment collection, and the ability to accept ACH transfers directly through customer-facing invoices. These capabilities make Novo attractive for businesses that need both payment collection and distribution functionality.

Business customers benefit from Novo's Reserve feature, which allows creation of up to 20 subaccounts for organizing different business purposes. While each subaccount operates under the main account's transfer limits, this structure helps businesses separate funds for taxes, payroll, and operational expenses.

The lack of traditional banking overhead allows Novo to offer more flexible limit adjustments compared to banks that must follow rigid approval processes. This agility particularly benefits growing businesses that need to scale their payment capacity quickly.

Processing Times and Same-Day Options

Novo processes standard ACH transfers within 2-3 business days, following typical industry timelines for batch-processed electronic transfers. The platform leverages the standard ACH network infrastructure while maintaining their fee-free pricing structure.

Novo ACH Transfer Timing:

• Standard ACH: 2-3 business days processing
• Express ACH: Available for up to $20 fee (faster processing)
• Incoming transfers: Immediate availability once cleared
• Internal transfers: Between Novo accounts process quickly

For businesses requiring faster processing, Novo offers Express ACH services for an additional fee of up to $20 per transaction. This option provides same-day or next-day processing depending on timing and receiving bank capabilities.

The platform's integration with various payment processors allows businesses to offer multiple payment options to their customers while maintaining centralized ACH processing for vendor payments and business expenses.

Fees and Cost Structure

Novo's standout feature is their comprehensive fee-free structure for standard ACH transfers. The platform provides unlimited free outgoing and incoming ACH transfers within established limits, making them highly competitive for businesses processing multiple transactions monthly.

Novo ACH Transfer Fees:

• Standard ACH transfers: Free (unlimited)
• Express ACH: Up to $20 per transfer
• Incoming ACH: Free (unlimited)
• Domestic wire transfers: Up to $30 (beta feature)
• International wires: Not supported

The fee-free standard processing represents significant savings compared to traditional banks that charge $3-$10 per ACH transfer. A business making 50 ACH transfers monthly could save $150-$500 annually by using Novo's free structure instead of traditional banking fees.

Novo's transparent pricing extends to other services, with no monthly maintenance fees, minimum balance requirements, or hidden charges that often surprise business owners with traditional banking relationships.

Monthly Transfer Patterns

Novo doesn't impose separate monthly ACH transfer limits, focusing instead on daily thresholds that reset each business day. This approach provides consistent daily capacity without cumulative monthly restrictions that could constrain businesses with seasonal or project-based payment cycles.

The daily reset structure works well for businesses with regular payment schedules, allowing predictable cash flow management without worrying about reaching monthly caps that might affect end-of-period operations.

For businesses requiring higher monthly volumes, Novo's limit increase system allows adjustments that can accommodate growth patterns. The platform's fintech flexibility means they can adapt limits more quickly than traditional banks bound by rigid policies.

Since limits are customized per business, companies with demonstrated payment volumes can potentially access higher thresholds than would be available through standard banking products designed for average use cases.

Understanding Novo's Security Approach

As a fintech company partnering with FDIC-insured Middlesex Federal Savings, Novo maintains banking-level security while offering technology-forward features. Their ACH transfer system includes standard fraud protection and account monitoring capabilities.

The platform's app-based limit management system includes security verification steps when requesting increases, ensuring that changes are authorized by legitimate account holders. This approach balances security with accessibility for busy business owners.

Novo's partnership structure means that while they provide the technology interface, actual banking operations follow traditional regulatory requirements including ACH network rules and anti-money laundering protocols.

The company's focus on small business customers allows them to tailor security measures for this specific market segment rather than applying enterprise-level restrictions that might be unnecessary for smaller operations.

Increasing Your Novo Limits

Novo's streamlined limit increase process sets them apart from traditional banking. Businesses can request higher ACH transfer limits directly through the Novo app or web interface, with many adjustments processed quickly without lengthy approval procedures.

The platform allows increases for several limit types including ACH push limits, mailed check limits, and check deposit limits. Currently, Novo doesn't offer app-based increases for ACH pulls (incoming transfers from external accounts), daily debit card spending, or ATM withdrawal limits.

To request limit increases, users access the "Account Info" section in the Novo app and submit requests for specific limit types. Novo reviews these requests based on account history, business activity, and risk assessment factors.

The fintech's approach to limit management recognizes that business needs evolve, providing flexibility that traditional banks often struggle to match due to bureaucratic processes and standardized policies.

When Novo's Limits Aren't Enough

While Novo's customizable limits and fee-free structure serve many small businesses well, companies processing large invoice-based payments may find even increased limits restrictive. Businesses requiring consistent high-volume payment capacity need solutions designed specifically for large transactions.

Nickel offers unlimited free ACH transfers with single transaction limits up to $1 million, specifically designed for businesses that process large invoice-based payments. Unlike fintech platforms with business-focused but still limited capacity, Nickel provides enterprise-level payment capabilities without enterprise complexity.

For businesses regularly requesting limit increases from Novo or needing predictable high-capacity payment processing, exploring ACH alternatives designed for B2B operations can eliminate constraints while maintaining cost-effective processing.

Companies processing significant monthly payment volumes could benefit from platforms that offer both unlimited capacity and transparent fee structures, making financial planning more straightforward and scalable as operations grow.

The Bottom Line

Novo offers an attractive ACH transfer solution for small businesses, freelancers, and entrepreneurs who need fee-free processing with flexible limits. Their fintech approach provides personalized service and app-based limit management that traditional banks struggle to match.

The platform's integration capabilities, unlimited free standard ACH transfers, and ability to customize limits for individual business needs make them suitable for growing companies that value both cost savings and operational flexibility.

However, businesses processing large invoice-based payments or requiring consistently high transfer volumes may find even Novo's customizable limits restrictive. The lack of published limit ranges also makes it difficult for businesses to evaluate capacity before committing to the platform.

For companies that need guaranteed high-capacity ACH processing or want to eliminate limit constraints entirely, specialized B2B payment platforms designed for large transaction volumes provide more predictable and scalable solutions.

Ready to eliminate transfer limits and fees? Get started with unlimited free ACH transfers →