Novo offers a free business checking account with no monthly maintenance fees or minimum balance requirements that refunds all ATM fees and provides free ACH transfers, mailed checks, and incoming wire transfers.
Plus, for a limited time, Novo’s “Give $40, Get $40” Referral Program offers new accounts a $40 bonus when you deposit $100 or more, and you can earn a $40 bonus for each new user that you refer.
Novo supports all U.S.-based businesses, whether you are a U.S. citizen or an international founder, and you can apply as a sole proprietorship if you have not filed your business with a state.
You can apply for Novo in under 10 minutes, and after you make a $50 minimum account opening deposit, there is no further minimum balance requirement and no monthly fees.
Check out Novo if you need a free business checking account to manage your business finances, and get up to $400 in referral bonuses for a limited time.
About Novo Free Business Checking Account
Novo offers a free business checking account that completely integrates with your business finances and gives you all of the tools that you need to run your business.
To fund your business, you can make free transfers to Novo with no minimum deposits by linking your other bank accounts to Novo, and then move money in or out of Novo from any device.
When it’s time to get paid, Novo makes it easy to send invoices, track them, and get paid on your terms, with the option to accept debit and credit card payments for your invoices via Stripe.
With remote check deposits, you can make unlimited check deposits from your phone in seconds, and they are always free of charge.
When you need to make payments, you can send ACH transfers and paper checks without any fees, send international transfers via Wise, and make unlimited free transactions within the U.S.
To help you manage your business, Novo completely integrates with many business services and tools, including QuickBooks, Shopify, Slack, Xero, Wise, Stripe, and Zapier.
For planning your business budget, Novo Reserves let you set aside funds in up to 5 Reserves for taxes, profit, payroll, and other large business expenses.
In addition, your Novo deposits are FDIC insured up to $250,000 through their partner bank, Middlesex Federal Savings, member FDIC.
Novo $40 New Account Bonus
1. Click this Novo $40 Referral Bonus Link to open your account.
2. You must have credits to your Novo account totaling $100 or more within 30 days of account opening.
3. An external deposit must be made by an authorized user on your account.
4. After you achieve a balance of $100 or more, you must maintain an average balance of $100 or more for the next 30 days.
5. The $40 bonus will be paid to your Novo account within 30 days of meeting all the qualifications.
Novo “Give $40, Get $40” Referrals
The Novo Referral Program offers both parties a $40 bonus when the new user deposits $100 or more into their Novo account.
In order to qualify, the new user must join Novo via a current user’s referral link, deposit $100 or more within 30 days of account opening, and hold a balance of at least $100 for 30 days.
The $100 deposit can be made with either a single deposit or multiple deposits, but an external deposit must be made by an authorized user on the referred user’s account.
There is no limit to how many people you can refer, buy you can only receive up to $400 in referral bonus earnings through this promotion.
Check out the Novo Referral Terms for more details about this program.
A special thank you goes out to Matt for sharing his Novo $40 Referral Link and alerting us to this promotion, and you can also feel free to share your Novo referral links along with the details of your user experiences in the below comments.