Update 5/14/24: RevU on Swagbucks is showing 13,200 points for new Novo Business Checking. It does say sole props are excluded.
Update 4/4/24: It’s now down to $40/$40
Update 9/5/23: Reader Sunshine tells us the $100/$100 offer is back – the referrer gets $100 and the new business gets $100.
Update 1/22/23: Some accounts are being offered a $250 bonus when they spend $5,000+ on the debit card by March 15, 2023. Hat tip to reader sg77
Update 8/9/22: Those who got $40 referral bonus when they were supposed to get $100 are now seeing the extra $60 in their account.
Update 6/22/22: Referrals are down to $40/40 now
Update 6/20/22: Apparently the referral stacks with Swagbucks by first clicking the referral link (this will add the referral code automatically to the sign up page), then click on the Swagbucks link and the referral code will auto-populate. Swagbucks via Revenue Universe is currently offering 3,330 ($33.30) or slightly more with MyPoints RU.
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: $100 referral bonus
Availability: Nationwide
Direct deposit required: None
Additional requirements: See below
Hard/soft pull: Soft pull
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 $100 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