Is Novo available for business in Spain?

By Morten Andersen, cofounder of Business Bank Index
Reviewed by Fredrik Filipsson · Last reviewed 1 April 2026
Availability

Novo for business in Spain: Not available

Key eligibility
A business registered and operating in the United States, plus a United States Social Security number and a United States address
Non resident position
Not offered to companies registered in Spain. Novo does not serve international businesses
Local currency support
United States dollars only. No euro account and no Spanish IBAN
Headline monthly fee
Not applicable in Spain. The United States account has no monthly fee
Availability and fees as of 1 April 2026Last reviewed 1 April 2026

General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.

Novo does not serve business customers in Spain. As of 1 April 2026, Novo is a United States business banking platform whose account is for businesses registered and operating in the United States, with deposits held at a partner bank. A company registered in Spain cannot open a Novo account. Verify the current position with the provider.

Does Novo serve business customers in Spain?

No. Novo is a financial technology company in the United States, and the deposit account is provided by a partner bank, Member FDIC. Novo states it does not serve international businesses or United States territories, and an applicant must be a United States citizen or permanent resident with a United States Social Security number and a United States address. A business registered only in Spain cannot open a Novo account, and the account is United States dollar based. As of 1 April 2026.

Eligibility for businesses in Spain

Novo expects a United States registered business such as an LLC, corporation, partnership, sole proprietorship or nonprofit, a United States Social Security number, a United States address, and a United States mobile number. A company that exists only as a Spain legal entity does not meet these requirements, so it cannot open a Novo account as of 1 April 2026. Verify with the provider

What it costs locally

There is no local Spain pricing because Novo does not offer an account there. The United States account has no monthly fee and is a United States dollar account, not a euro account for a business in Spain. As of 1 April 2026

What local users report

Because the account is not offered in Spain, there is no meaningful local user experience to report for businesses registered there as of 1 April 2026. Businesses that need a euro account should review the providers confirmed to serve the market on the Spain country guide.

Novo does not appear to serve business customers in Spain as of 1 April 2026. Verify directly with the provider. Providers confirmed available in Spain are listed on the Spain country guide.

Questions about Novo in Spain

Is Novo available for business in Spain?
No. As of 1 April 2026, Novo opens accounts only for businesses registered and operating in the United States, so a company registered in Spain cannot open one. Verify the current position with the provider.
Can a company in Spain open a Novo account?
Not as of 1 April 2026. Novo requires a United States registered business, a United States Social Security number and a United States address, which a Spain only company and owner do not have. Confirm directly with the provider.
Does Novo support the euro?
No. As of 1 April 2026, Novo holds balances in United States dollars and does not offer a euro account or a Spanish IBAN. Verify with the provider.
What can a business in Spain use instead?
Providers confirmed to serve business customers in Spain are listed on the Spain country guide. As of 1 April 2026, check each provider current eligibility before applying.

Availability, fees, and eligibility change. This page was last reviewed on 1 April 2026. Confirm the current position with Novo before applying.

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