Novo Online Business Checking Promotions: Novo Referral Code (Nationwide)

Introduction

Are you tired of traditional banking fees eating into your business profits? Novo’s innovative business checking account might just be the breath of fresh air your business needs.

Designed by entrepreneurs for entrepreneurs, Novo offers customers a no-fee, mobile-first banking experience that resonates with the modern business landscape.

Imagine managing your business finances seamlessly with access to cutting-edge tools that provide comprehensive insights—now that’s possible with Novo.

Ready to take control of your new account and streamline your financial operations? Let’s get started with Novo and unlock a $100 bonus using your referral code.

Recent Updates

• Update 2/5/2025: Offer may have ended, if so consider this $300 bonus from Chase Bank.
• Update 10/7/2023: The offer is back.

Novo Referral Code For $100 Business Checking Bonus

• What you’ll get: $100 bonus each
• Where it’s available: Nationwide
• How to earn it:
  • Bank Novo is offering a $100 referral bonus to each party for opening a new business checking account.
  • Novo Referral Code required: No direct link to the offer, requires a referral link (feel free to share your own in the comments section)

Monthly fee	None
Minimum to open	$50
Minimum balance	None

Novo Features

Quick & Easy

From the get go, Novo saves you time and money with its quick and easy onboarding process. Apply for a Novo business checking account in just ten minutes, directly from your phone. There’s no need to physically go to a bank branch and submit endless paperwork.

Any business owner based in the United States can apply, EXCEPT if your business falls within the following industries:

• Those dealing with cryptocurrency
• Privately-owned ATMs
• Money services
• Unlawful internet gambling
• Cannabis sales

Business Checking

Once you’ve set up your free business checking account, you can:

• Link to other bank accounts
• Make payments
• Process ACH transfers*
• Deposit checks
• Receive domestic and international wire transfers

Typical of digital banking services, you can’t deposit cash directly into your Novo checking account. The best solution is to purchase a money order, then use the digital check deposit feature.

*With Novo, ACH transfers are used instead of paper checks. But if you need to issue a physical check, Novo will print one and send it for you.

Business Debit Card

You also get a free, EMV chip protected, Novo business debit card. Use it anywhere in the world where Mastercard is accepted, as well as both Apple Pay and Google Pay.

Novo does not charge a fee to use the ATM, but you may have to pay a fee to the owner of the ATM. You can withdraw up to $1,000 per day.

Novo App

The Novo app lets you perform all checking account transactions, as well as the following:

• Receive instant notifications for transactions
• Set up access for multiple users
• Integrate with other business tools
• Send wire transfers (with Wise)

The app is currently available for iOS and Android devices, as well as Web apps.

Business Tools

Novo lets you integrate with business tools, so you can see your business financial health at a glance from your Novo dashboard. Manage all your businesses on the go and in one place. Some favorite tools Novo integrates with include (see Novo for updates):

• Quickbooks
• Xero
• Zapier
• Slack
• Wise

Also, anyone can link their Novo account to Stripe just as you would do with any bank account.

Safe & Secure

Novo accounts:

• Are FDIC-insured through partner bank, Middlesex Federal Savings, a community bank near Boston
• Use bank-grade encryption to ensure your private information stays private

Novo (Lack of) Fees

The Novo business checking account is free. However, you’ll need a $50 initial deposit to access account features. Below is Novo’s fee schedule:

Monthly Service Charge	$0
Early Account Closing Fee	$0
ACH Transactions	$0
Incoming Domestic or Foreign Wire Transfers	$0
Stop Payments	$0
Insufficient Funds Charge	$27
Uncollected Funds Returned Fee	$27
Debit Card Replacement	$0
Physical Check Bill Payment	$0
Bank Check	$0
Paper Statement Fee	$0

There’s also no minimum or maximum transfer or deposit limit on your Novo account. However, you should contact the Novo support team if you plan on making a large payment or deposit because the transaction might otherwise be flagged as fraudulent activity.

Compare With Other Checking Bonuses

• Best Bank Bonuses & Promotions of May 2025

• Public.com Sign Up Bonus: $20 Welcome Offer & $20 Referrals
• How to Get a $200 Bonus with M&T Bank Personal Checking – Ends 6/30/25
• Wise Money Transfer: Fast, Low-Fees, 3.92% APY On USD Balance
• Remitly Bonus: $10 Sign-Up Offer, $10 Per Referral
• Acorns Bonuses: $20 Sign-Up Bonus & Up To $800 Referral Offer – May 2025

Bottom Line

Settling on a business checking account is an important decision, and only you can decide which one is the best fit for your business. For a digital bank with very few fees, Novo is a solid option. You’ll be able to manage much of your business finances for free. Plus it’s incredibly flexible and easy to use, compared to most traditional banks.

If your business deals in cash for the most part, you might want to write off digital banks entirely. You’ll want to look into a low-cost account made for small businesses from a traditional bank.

If you have Novo referral promo code or referral link, please share in the comments section.

READ MORE: SEE THE BEST BANK BONUSES HERE AND THE BEST INVESTING BONUSES HERE.