At TrueCoach, we’re dedicated to helping personal trainers build successful businesses. One of the most important parts of building a successful business is managing your finances effectively. That’s why we’re excited to announce our partnership with Novo, a banking platform designed specifically for small business owners like personal trainers.
Starting and running a small business is no easy feat. From managing finances to marketing, there are a lot of things to keep in mind. However, one of the most important things that often gets overlooked is having a separate bank account for your business.
If you’re a personal trainer, here are just a few of the reasons why you should consider opening an account with Novo:
- Keep your personal and business finances separate
As a personal trainer, you’re likely running your own business. And that means you need to keep your personal and business finances separate. By using Novo, you can easily manage your business finances in one place, without worrying about accidentally mixing personal and business funds. This can make it easier to track your expenses and revenue, and ensure that you’re maximizing your profits. It can help make tax time a lot easier, as Novo allows you to put aside money in Novo Reserves for tax season.
- Free Business Tools
Novo has a no minimum balance, free checking account. Unlike traditional banks that often require a minimum balance to open an account, Novo doesn’t have this requirement. Additionally, Novo doesn’t charge any hidden fees, so you can rest assured that you won’t be hit with unexpected charges. This includes no monthly maintenance fees, no ACH transfer fees, and no ATM fees (in-network).
- Get paid faster by seamlessly connecting your payment processors
With Novo, you can easily process payments online, accept credit card payments, and even set up recurring invoices for your clients. Seamlessly connect with Stripe, Venmo, PayPal, QuickBooks and other business tools to get paid faster. This can help you save time and money, and make it easier to manage your cash flow.
- Take advantage of Novo integrations and exclusive app offers
Novo’s integrations can be particularly beneficial to personal trainers who are running their own business. As a TrueCoach customer, you can take advantage of exclusive offers when you sign up for a Novo account, such as $5K in waived Stripe processing fees.
Novo integrates with other tools that personal trainers use, such as accounting software, free invoice creation for billing purposes, and payment processors. Novo’s integrations can help personal trainers save time, reduce errors, and manage their finances more efficiently. By integrating your Novo account with other tools that you’re already using, you can create a more seamless workflow and focus on growing your business.
- Easy account management
With Novo, you can manage your account easily from your mobile device, which is perfect for busy personal trainers who are always on the go. You can deposit checks, pay bills, and track your expenses all from the Novo app.
We’re thrilled to partner with Novo to offer our customers a seamless and effective banking solution that’s designed specifically for small business owners like you. With Novo, you’ll have access to the tools, resources, and support you need to make the most of your business finances. Join Novo today and take the first step towards better business finance management.
Novo is a fintech, not a bank. Banking services provided by Middlesex Federal Savings, F.A. Member FDIC.
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Article by TrueCoach
First published: April 25th 2023
Last updated: November 17th 2023