Novo Business Checking Account: $300 Bonus with $5K Deposit

Novo Business Checking Account $300 Bonus

Novo Business Checking Account $300 Bonus

Novo Bank is offering a $300 bonus for new business checking accounts. This offer is available nationwide and the bonus is showing through a NerdWallet affiliate link. Let’s check out the details.

Offer Details

To earn this bonus you need to:

  • Tap or click the official Nerdwallet offer link within the offer validity period and open a Novo Checking Account
  • Deposit a total of $5,000 or more in new money into your new Novo account within 30 days of account opening. Deposits are subject to limits, verification, fraud monitoring, and other applicable restrictions.
  • Once your balance first reaches $5,000, maintain that minimum balance of $5,000 for 90 consecutive calendar days. The deposited funds must be new money, not previously held by your business at Novo or its affiliates.
  • Complete at least two (2) debit card transactions using your Novo Debit Card (physical or virtual) within 90 days of account opening. Transactions must be settled purchases and not pending, refunded, or reversed.

Upon meeting the above requirements, Novo will automatically deposit the $300 bonus into your new Novo account typically within 15 days. To receive this offer, your account must be active and unrestricted at the time of payout. No further opt in is required by you. 

Important Terms

  • This bonus offer applies to new accounts opened by new customers only.
  • Current and former customers, as well as any of their owners, representatives, or affiliates, are not eligible.
  • One bonus per account is permitted.

Guru’s Wrap-up

This is a good bonus and the only requirements are a $5,000 deposit that you need to keep in the account for 90 days and two debit transactions. I’m not sure if it can stack with a referral bonus.

HT: Doctor of Credit

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