Key takeaway
Unlock a $300 bonus with just $10,000 in spend—are you game?
Highlights
- New Bank Novo offer: $300 bonus with $10,000 debit card spend.
- Nationwide availability with no direct deposit required.
- Bonus credited within 30 days upon meeting account requirements.
- Only new accounts eligible; one bonus per account.
- No monthly fees; early account termination fee unknown.
Update 5/21/26: There is a new offer but it requires $10,000 in debit card spend. Hat tip to reader hether
Update 7/24/25: Deal is back, now requires two debit card purchases.
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
Table of Contents
The Offer
Direct link to offer
- Bank Novo (business checking) is offering a $500 checking bonus. New user must:
- Spend $10,000 with credit card.
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.
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