Bank Novo Business Checking $100 Referral Bonus For Each Party

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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

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