Novel Reviews 184

TrustScore 3 out of 5

2.9

While we don't verify specific claims because reviewers' opinions are their own, we may label reviews as "Verified" when we can confirm a business interaction took place. Read more

To protect platform integrity, every review on our platform—verified or not—is screened by our 24/7 automated software. This technology is designed to identify and remove content that breaches our guidelines, including reviews that are not based on a genuine experience. We recognise we may not catch everything, and you can flag anything you think we may have missed. Read more

See what reviewers are saying

Rated 1 out of 5 stars

Common thiefs, and they liked to prey on the hardworking foreign men especially. Luring them into depositing all their savings into their scam novel US bank… after that, they closed the accounts a... See more

Rated 1 out of 5 stars

The same issue happened with me closing an account due to a customer request, and then we will send a check, although the agreement gives an ACH option, but they say only a paper check. I... See more

Company replied

Rated 5 out of 5 stars

Novel Bank has customer support that helped me and answered any and every question I had. Really can’t give any criticism to their team. I would recommend Novel Bank as your primary for any e-commer... See more

Company replied

Rated 5 out of 5 stars

I've been using Novel for almost a year now and their service is quite exemplary. I had just had an issue with my phone where it was 100% completely useless but it would've been needed to unlock the 2... See more

Company replied

Company details

Written by the company

Banking for online businesses


Contact info

2.9

Average

TrustScore 3 out of 5

184 reviews

5-star
4-star
3-star
2-star
1-star

How this company uses Trustpilot

See how their reviews and ratings are sourced, scored, and moderated.

Companies on Trustpilot aren't allowed to offer incentives or pay to hide reviews. Reviews are the opinions of individual users and not of Trustpilot. Read more

Rated 1 out of 5 stars

They Closed my account with 7973$ for…

They Closed my account with 7973$ for no reason and I have been emailing this company for over a month now 1 week and they. They keep telling me the bank is delaying the check, I have even called FIVE STAR BANK In so many Branches and they told me They don't work with Novel. So please be careful at first they will treat you nicely but in the end, when you start making Good Funds they will run away with your funds. be careful.

4 March 2024
Unprompted review
Rated 5 out of 5 stars

Perfect for foreigners

Needed a bank for my company, but didn't want to go in person so Novel was perfect for that. Didn’t have to go to the us

29 February 2024
Unprompted review
Rated 1 out of 5 stars

They closed my account without any…

They closed my account without any reason i had $8000 in my account they said they are gonna mail the check but a month a has been passed no check has been mailed yet.

17 January 2024
Unprompted review
Novel logo

Reply from Novel

Hello Talha, we acknowledge your concern. You may contact our team at support@trynovel.com so we can assist you with your closed account check.

Rated 5 out of 5 stars

Came from jumpstart

Formed a company with their partner company jumpstart, and they automatically applied for this bank account. Works perfectly

9 February 2024
Unprompted review
Rated 5 out of 5 stars

100% satisfaction guaranteed…

As a novel customer I’m always impressed with the quality and professionalism of this service. Especially when I need to communicate with Grace from support. I recommend Novel to anyone. If I could have given more than 5 stars I definitely would. Keep it up

4 February 2024
Unprompted review
Rated 1 out of 5 stars

Extremely unpleasant experience with poor support

I have just had an extremely unpleasant and unprofessional experience from Novel! I have a business for a year now. I applied with Novel, and after verification of documents and back and forth inability to read my documents, on January 26,2024 my account was approved.
Today, I received an unpleasant email notifying me that that my Novel account was closed due to “non-activity”, but when I sign in, I get a notification that the account “was closed due to suspected fraud”. I don’t understand what fraud have I committed when the account is still new and that I still have not conducted any transactions. This is truly unfair action. Extremely unhelpful support. Now I understand why they have unpleasant experience recorded by users on trustpilot. This is such a disappointing experience with Novel.

5 February 2024
Unprompted review
Rated 5 out of 5 stars

10/10 experience

Great onboarding experience, warm and diligent attention via email from the team, and solid banking platform. Couldn't ask for more from starters. Thank you, Novel!

28 January 2024
Unprompted review
Rated 1 out of 5 stars

One of the worst experience had in my life

One of the worst experience had in my life. Our company is solid and strong inside of the US, but this "bank" just decided to close the account without any particular reason, explanation and, even worse, without any prior notification. They just froze our money refusing to transfer it to another bank account and with the only possibility to send a check without a tracking number (unbelievable). From the reviews I understand it's not the first case and seems a common pattern for this "bank". Don't waste your time with them and move to better and reliable alternatives.

1 December 2023
Unprompted review
Rated 1 out of 5 stars

Closed the account and withdraw the renewal fees

They have closed my account and locked money inside without paying it out (not a large amount) and refused to transfer it to another bank account and saying it must be a check which they didn't send, then they took the renewal fees and I can't login to revert it.
Really unprofessional and hope it is not a scam

1 December 2023
Unprompted review
Rated 1 out of 5 stars

They closed my account unexpectedly

They closed my account unexpectedly, with the excuse that it had to do with ' new US treasury regulations'. I offered to provide invoices and documents, proof that I run a legal business with real law abiding clients but they refused. I had to wait almost 2 months in order to receive my balance in a check over mail. Though CX was responsive through email, the whole process was an ordeal. I do not recommend this so called bank -because it's not a real bank- at all.

11 September 2023
Unprompted review

The Trustpilot Experience

Anyone can write a Trustpilot review. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active.

Companies can ask for reviews via automatic invitations. Labeled Verified, they’re about genuine experiences.

Learn more about other kinds of reviews.

We use dedicated people and clever technology to safeguard our platform. Find out how we combat fake reviews.

Learn about Trustpilot’s review process.

Here are 8 tips for writing great reviews.

Verification can help ensure real people are writing the reviews you read on Trustpilot.

Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines.

Take a closer look