Novo Bank Referral Bonus: Requirements, Timeline, and Important Rules
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The Novo Bank referral bonus is for new business checking-account customers. The bonus amount and eligibility rules can change, so confirm the current offer shown in the referral flow before you apply.
How the Novo referral bonus works
An existing Novo customer shares a unique referral code. To be eligible, the new customer must use that code while applying, be approved, and open a new Novo business checking account.
What you need to do
- Apply with one unique Novo referral code before opening the account.
- Receive at least $100 in credits to the account within 30 days of the account-opening date.
- Make an external deposit from an authorized user on the account.
- After the account reaches $100, maintain an average balance of at least $100 for the next 30 days.
Timing for the bonus
Novo says the referral bonus is credited within 30 days after every qualification requirement has been met. That means the payout clock starts after the deposit and balance-maintenance period—not just when the account is opened.
Important eligibility rules
The referred person cannot have opened a Novo account before, and each new customer can use only one referral code. Novo allows a referrer to earn bonuses for up to 10 qualified accounts in a calendar year. The program terms can change or be suspended, so always read the live terms linked from Novo before relying on an offer.
Is Novo a bank?
Novo is a financial technology platform, not a bank. Its business-banking services and card arrangements are provided through its financial-institution partners. This guide is general information, not financial or tax advice.
Bottom line
Use the referral code before applying, complete the required qualifying activity, and keep your account in good standing. Treat the bonus as an extra—not the sole reason to open a business account. Always check Novo’s current, account-specific terms before you apply.
Helpful next steps: What counts as a qualifying direct deposit? · How to compare bank bonus offers
