Update 6/17/22: Referral bonus has increased to $100 for each party. Old referral codes will earn $100 going forward. (ht Sophia) DO NOT LEAVE REFERRALS IN THE COMMENTS BELOW. Find/share referrals in this linked post. DO NOT LEAVE YOUR REFERRAL A SECOND TIME THERE.
Offer at a glance
- Maximum bonus amount: $30 referral bonus
- Availability: Nationwide
- Direct deposit required: None
- Additional requirements: See below
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: None
- Early account termination fee: Unknown
- Household limit: None
- Expiration date: 9/30/21
The Offer
No direct link to offer, requires a referral link. Find/share referrals in this linked post
- Bank Novo (business checking) is offering a $30 referral bonus. New user must:
- They must not have previously opened an Account;
- They must use the Referring User’s Novo Unique Referral Link when applying for a new Account;
- They must successfully open a new Account;
- They must complete a qualified deposit(s) into their Novo account totaling $100.00 or more within 14 days of Account Opening date;
- The qualifying deposit(s) must be made by any user authorized to transact on the Referred User’s Account; and
- The Referred User must hold a balance of at least $100 in their Novo checking account on October 31, 2021.
The Fine Print
- Full terms here
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
This account has no monthly fees
Early Account Termination Fee
Not sure if there is any early account temrination fee or not.
Our Verdict
Apparently this account is interesting due to the perks offered, $3,000 in Google cloud credits seems interesting but don’t know too much about it. $30 is a pretty small bonus though, normally we don’t post bonuses unless they are $100+ but because of the Perks it could be interesting and Bank Novo hasn’t offered a bonus in the past. Find/share referrals in this linked post
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
- PSA: Don’t Call The Bank
- Introduction To ChexSystems
- Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
- What Banks & Credit Unions Do/Don’t Pull ChexSystems?
- How To Use Our Direct Deposit Page For Bank Bonuses Page
- Common Bank Bonus Misconceptions + Why You Should Give Them A Go
- How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
- Affiliate Links & Bank Bonuses – We Won’t Be Using Them
- Complete List Of Ways To Close Bank Accounts At Each Bank
- Banks That Allow/Don’t Allow Out Of State Checking Applications
- Bank Bonus Posting Times
