Novo Bonus — Novo is currently offering $300 to new customers as part of their “Novo Business Checking $300 Bonus” promotion. This bonus is available for a limited time — check the official page for the latest deadline. Novo is offering new business customers a $300 cash bonus when they open a free business checking account and deposit $5,000 or more within 30 days. You must maintain the $5,000 minimum balance for 90 consecutive days and complete at least 2 debit card transactions within 90 days of account opening. The bonus is deposited automatically within 15 days of meeting all requirements. Below, we break down exactly how to qualify, what you need to know before signing up, and whether this bonus is worth your time.
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How Do I Earn the Novo “Novo Business Checking $300 Bonus” Bonus?
Qualifying for the Novo bonus is straightforward, but you need to follow every step carefully. Here is the complete process from start to finish:
- Step 1: Open new Novo business checking account via official offer link
- Step 2: Deposit $5
- Step 3: 000 within 30 days
- Step 4: Maintain $5
- Step 5: 000 balance for 90 days
- Step 6: Make 2 debit card transactions within 90 days
Make sure to complete all requirements within the specified timeframe. Missing even one step could disqualify you from receiving the bonus. Most bonuses are deposited within 10 to 15 business days after all conditions are met, though some institutions may take longer.
We recommend screenshotting or saving a copy of the offer terms before you start. Promotions can change or be pulled at any time, and having proof of the original terms protects you if there’s a dispute about your eligibility.
What Are the Requirements for the Novo Bonus?
Here is a summary of everything you need to know about this offer at a glance:
| Company | Novo |
| Bonus Amount | $300 |
| Minimum Deposit | $5000 |
| Requirements | Open new Novo business checking account via official offer link + deposit $5,000 within 30 days + maintain $5,000 balance for 90 days + make 2 debit card transactions within 90 days |
| Offer Expires | See listing |
| Eligibility | New Novo customers only. Must have a registered business (sole proprietorship, LLC, etc.). Current and former customers and their affiliates are not eligible. Account must be active and unrestricted at time of payout. |
Always read the full terms and conditions on the official offer page before signing up. Requirements can change without notice, and some bonuses have additional conditions — such as maintaining a minimum balance for a set period or avoiding early account closure fees — that are not always highlighted in the promotional materials.
If the bonus requires a direct deposit, keep in mind that what counts as a “direct deposit” varies by institution. Some banks accept ACH transfers from other banks, while others require an employer payroll deposit. Confirm this detail before you start so there are no surprises.
Is the Novo Bonus Worth It?
A $300 bonus on a $5000 deposit works out to roughly 6.0% — a decent return, especially if you were planning to park cash anyway.
Keep in mind that new novo customers only. must have a registered business (sole proprietorship, llc, etc.). current and former customers and their affiliates are not eligible. account must be active and unrestricted at time of payout., so make sure you qualify before going through the application process.
Also consider any monthly maintenance fees on the account. Some banks waive these fees if you maintain a minimum balance or have direct deposit set up, but if you plan to close the account after earning the bonus, factor in any fees you might incur during the holding period.
This offer from Novo is valid until See listing. As with any financial promotion, terms and conditions apply — we recommend visiting the official offer page for the most current details before you sign up. Bonus offers in this space change frequently, and acting sooner rather than later helps ensure you lock in the current terms.
If this bonus isn’t the right fit for your situation, don’t worry — there are plenty of other options available right now. Browse our full list of active bonuses to compare offers and find the best match for your goals. We update our listings daily for April 2026 so you always have access to the latest verified promotions.