Send Money:
Without Limits, Fees, or Friction!
With Novo, moving your money is instant, seamless, and totally free. Whether it’s paying a friend, splitting rent, or sending funds across borders—we’ve got you covered.
NovoPay
Send Freely, Instantly, and Limitlessly
Say goodbye to outdated transfer caps and hidden fees. NovoPay gives you unlimited Interac e-Transfers with no extra costs — all in real time.
- No transfer limits (subject to reasonable security thresholds)
- No per-transfer or monthly fees
- Fully integrated into the Novo App for one-tap sending
- Instantly notify and auto-deposit to Canadian recipients
| Features | NovoPay | Traditional Banks |
| Transfer Types | Internal (Novo to Novo) | Interac e-Transfer |
| Transfer Fee | $0 | $1.5-$5 per transfer |
| Delivery Time | Instant | Real-time or same day |
| Daily Limit | No Limit | Usually $3,000/day |
| Convenience | 1-tap in Novo App | Some banks require security Q&A |
| Who Can Receive | Any Novo user | Any Canadian bank account |
NovoWire
Bank-Level Transfers, Reinvented
Need to send money by account number? NovoWire allows you to transfer funds securely to domestic or international bank accounts — with fewer delays and full visibility.
- Great for larger payments and scheduled transfers
- Works like traditional bank wires, but faster
- Lower costs than legacy providers
- Full tracking within the Novo App
| Features | NovoWire | Traditional Banks |
| Transfer Types | EFT (CAD to Bank Account) | Domestic Bank Wire |
| Transfer Fee | $1.49 | $30–$40 per transfer |
| Delivery Time | 1–2 Business Days | 2–3 Business Days |
| How to send | Online via Novo App | Often in-branch or by phone |
| Tracking & Transparency | Real-time tracking in-app | Often manual |
| Example | Send $1,000 → Fee = $1.49 | Send $1,000 → Fee = $40 |
Interac e-Transfer
Enjoy the convenience of Interac e-Transfers — but with fewer limits and a smoother experience. Novo supports full Interac functionality, directly through the app.
- Free to use, always
- Send and receive like any Canadian bank
- Faster processing and higher thresholds
Secure. Licensed. Trusted.
All transfers are processed through a FINTRAC-registered Money Services Business (MSB) and our regulated partners. Your funds are encrypted, your data is protected, and we never sell your information.
