[Expired] Bank Novo Business Checking $300 Checking Bonus

Deal has ended, view more bank account bonuses by clicking here.

Offer at a glance

• Maximum bonus amount: $300
• 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: None listed

The Offer

Direct link to offer

• Bank Novo (business checking) is offering a $300 checking bonus. New user must:
  • Deposit a total of $5,000 or more in new money into your new Novo account within 30 days of account opening
  • Once your balance first reaches $5,000, maintain that minimum balance of $5,000 for 90 consecutive days

The Fine Print

• Upon meeting the above requirements, Novo will automatically deposit the $300 bonus into your new Novo account typically within 30 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. This bonus offer applies to new accounts only. One bonus per account is permitted.
• Only applicants that follow an official Novo offer link will be eligible. Eligibility for specific products and services is subject to Novo’s final determination and acceptance. Employees of Novo and its affiliates are not eligible for this offer.
• Novo reserves the right to modify or withdraw this offer at any time without prior notice. Not all products and services are available in all geographic areas.
• Novo accounts are governed by our Terms of Use, Privacy & Security Policy, and Novo E-sign and Electronic Communications Agreement.
• Novo reserves all rights to revoke an applicant’s bonus due to activities that are abusive, fraudulent, or in violation of these offer terms or Novo’s terms of use.
• Bonuses are considered interest and may be reported on IRS Form 1099-INT (or Form 1042-S, if applicable).
• Novo is a fintech company, not a bank. Banking services are provided by Middlesex Federal Savings, F.A., Member FDIC.

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

Better than the $100 referral bonuses that were offered in the past. Think this is worth doing if you’re eligible and haven’t done it before. This will be added to our best bank bonuses.

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