Platform
Built on a ledger that always balances
Every number you see in NOVARA comes from journal entries. Nothing is typed in, nothing is estimated, and every change can be traced.
The ledger
Double entry, in plain language
Each movement of money is recorded twice: once where it leaves and once where it arrives. The two sides always add up to zero, so money can't appear or disappear. Here's a card purchase from start to finish.
- 01CardYou tap or enter your card.
- 02AuthorizationChecks: card status, controls, limits, available balance.
- 03HoldThe amount is reserved. Available drops; current doesn't.
- 04CaptureThe merchant finalizes the amount. The hold becomes a posting.
- 05SettlementThe ledger balances to zero across every account it touched.
Real-time balances
Available and current, explained
Current is what has posted. Available is what you can spend right now: current, minus anything on hold. When a purchase is authorized, available drops immediately, and current catches up when the merchant captures it.
Traceable
Every transaction has a timeline
See when a transaction was authorized, when it posted, and when it settled, with exact times and a reference you can quote to support.
Operations & audit
What our team can and can't do
Staff use an operations console with permissions by role. Every action they take is recorded in a tamper-evident audit log.
- No balance editingNo one can type a new balance. Corrections are reversals or approved adjustments that post like any other entry.
- Append-only recordsLedger entries can't be updated or deleted. The database itself refuses the change.
- Two people for adjustmentsManual adjustments need a second staff member to approve them before they post.
- Daily reconciliationAutomated checks confirm every journal balances and every account matches its postings.
Availability
What works today
| Feature | Status | Details |
|---|---|---|
| Checking and savings accountsNo minimum balance. Interest on savings, paid monthly. | Available | No minimum balance. Interest on savings, paid monthly. |
| Virtual and physical debit cardsFreeze, spending limits, and channel controls. | Available | Freeze, spending limits, and channel controls. |
| Instant transfers and member paymentsPosted immediately, with a full record of every movement. | Available | Posted immediately, with a full record of every movement. |
| Transfers to other banksCompleted in 1–2 business days. | Available | Completed in 1–2 business days. |
| Add money with a debit cardProcessed securely by Stripe. | Available | Processed securely by Stripe. |
| Secure sign-in with passkeys and two-step verificationFace ID, Touch ID, Windows Hello, and authenticator apps. | Available | Face ID, Touch ID, Windows Hello, and authenticator apps. |
| Real-time notificationsAlerts on iPhone, Android, and desktop. | Available | Alerts on iPhone, Android, and desktop. |
| Monthly statements and spending insightsDownloadable PDF statements and category insights. | Available | Downloadable PDF statements and category insights. |
| Card disputesReport a problem from any card transaction. | Available | Report a problem from any card transaction. |
| Digital asset market pricesFor your information only. | Available | For your information only. |
| Buying and holding digital assetsWe'll let you know when it's available. | Coming soon | We'll let you know when it's available. |
| Linking accounts at other banksWe'll let you know when it's available. | Coming soon | We'll let you know when it's available. |
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