Novel

Novel is a global business account offered by Novel Financial, Inc. According to the vendor, it is designed to streamline business finance operations and provide modern digital tools for businesses of all sizes. Whether you run an eCommerce business, an agency or consulting firm, work as a freelancer, or are an investor, Novel aims to meet the specific needs of professionals across various industries.

Key Features

Business Account: According to the vendor, Novel is a global business account that aims to streamline business finance operations by offering modern digital tools like contractor payouts and multiple account management. It is claimed to help businesses save time and money by avoiding transfer fees.

Eligibility: Novel accounts are available for both U.S. residents and non-U.S. beneficial owners, as per the vendor. Beneficial owners of U.S. businesses in countries not listed in the unsupported countries list are also supported. Eligibility is said to be based on the current place of residence.

Multiple Accounts and Brands: The vendor states that users can set up multiple accounts and manage multiple brands in one place with Novel. This feature is claimed to provide the convenience of managing finances for multiple eCommerce businesses.

Virtual Cards for Media Buying: According to the vendor, Novel enables users to issue unlimited virtual cards for media buying, offering flexibility and control over financial transactions.

Data Privacy: Novel is said to ensure the privacy and security of user data, with the vendor claiming that it does not sell any transaction data to third parties. According to the vendor, all transactions are secure by default and reversible if mistakes occur.

Two-Factor Authentication (2FA): According to the vendor, Novel requires 2FA for sign-ins and transfers using TOTP on the web and Touch ID on mobile, adding an extra layer of security to protect user accounts.

Fraud Protection: The vendor claims that Novel's system checks every transfer against baseline activity and flags anomalies for review. If unauthorized activity occurs, members can quickly reach the fraud team for assistance.

Mobile App: Novel offers a mobile app for users to access their accounts on the go, providing convenience and flexibility for managing finances on mobile devices, according to the vendor.

Financial Tools: According to the vendor, Novel accounts come with best-in-class financial tools to help users save more and move faster. These tools are claimed to streamline financial operations and provide greater control.

Team Management: Novel enables users to onboard and manage money as a team, as per the vendor. Users can set up accounts and permissions for team members in one place.