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The “Give $40, Get $40” Novo bank referral program is a great opportunity to earn a quick $40 bonus when you sign up with a Novo referral link and deposit $100 or more into a new account. Additionally, you can receive a $40 bonus for each new user that you refer to Novo.
To qualify for the Novo referral bonus, you must sign up with a valid Novo bank referral code or referral link and deposit $100 within 30 days of account opening. The $100 deposit must be held in the account for a minimum of 30 days for both new and existing users to receive their $40 referral bonus.
At the time of this writing, the Novo bank referral program has a limit of 10 referrals per account. That means that you can receive up to $400 for referring friends and family.
Novo is an award-winning business banking technology company that is trusted by tens of thousands of business owners across the United States. It’s a disruptor in the industry with benefits that you won’t find from traditional business bank accounts. We’re exploring everything you need to know about this fin-tech company and how to sign up with our Novo bank referral code.
Sign up today with our Novo referral link or our verified Novo Bank Referral Code: SalehRamezani and grab the opportunity to earn the Novo referral bonus. Follow the step-by-step guide below.
How to Get the $40 Novo Bank Referral Bonus
Sign up for a business account by using our Novo bank referral code: SalehRamezani to get a $40 bonus when you open your account. You’ll qualify for the sign-up bonus if you’ve never previously had a Novo account and if you add our Novo bank referral code during the sign-up process.
Once your account has been approved, you’ll need to add $100 or more to your account within the first 30 days of having your account. You’ll need to maintain an average balance of $100 or more in your Novo account for the next 30 days to qualify.
You can earn extra money for your business account by sharing your Novo referral link with friends and family. You’ll receive a referral bonus for up to 10 qualifying accounts.
How to Sign up with Novo Bank Referral Code
Novo is built on the motto that “time is money’”. You can sign up in under 10 minutes with our Novo bank referral code: SalehRamezani. We’re breaking down the process of how you can sign up for a Novo bank business account.
Step 1: Use Our Verified Novo Referral Link
Start by clicking our Novo referral link and filling out your personal information, including your business email. Our Novo bank referral code (SalehRamezani) should be automatically added to your application.
Step 2: Provide Your Business Documents
Signing up for Novo requires you to provide a copy of your personal ID, social security number, mobile phone, and US address. The additional information that you need to provide will depend on whether your business is a sole proprietorship, LLC, partnership, or corporation. These documents will also vary depending on the state your business is registered in.
Step 3: Start Using Your Novo Virtual Card
Once your account is online, you can activate your virtual card through the Novo app and spend your funds online or by using Apple Pay/Google Pay until your physical card arrives.
Step 4: Activate Your Novo Card
Within a few days, you should receive your physical Novo card. When your card arrives, change the debit card pin from the default provided to you by going to the ‘account’ section of the Novo app. Alternatively, you can change this on the ‘debit cards’ section of the Novo website.
Step 5: Maintain a $100 Balance for 30 Days
You’ll need to add $100 to your Novo account within the first 30 days of having your account and maintain a balance of an average of $100 or more for 30 days. Novo will credit your account with the $40 sign-up bonus once you meet these requirements.
Step 6: Start Exploring Your Novo Perks
Novo gives you access to exclusive perks worth thousands of dollars as an account holder. There are no restrictions on these perks, so you can access them directly through the Novo app. Get the most out of your Novo account by using the best Novo perks for your business.
Where is the Referral Code on Novo?
Each user will have their own Novo referral link after opening a Novo business checking account. You may use your unique Novo referral link or Novo referral code to refer others. You will receive $40 for each qualified Novo referral you make. Your referred friends will also be getting the same referral amount, once they complete the requirements.
Looking for your Novo referral code is not as straightforward like other apps so follow the step-by-step guide below to refer your friends to Novo bank successfully.
1. Open your Novo app and locate the “Account” icon, typically located at the bottom of the screen.
2. Tap on the “Account” icon, and you will be taken to the account settings page.
3. On this page, you should see an option that says “Refer a business, get 40”. Click on this option to proceed.
4. By selecting the referral option, you will be directed to your Novo referral dashboard. Here, you can view all your referral transactions and their status. To refer someone, enter their first name, last name, and email address in the provided fields, and then click on “send invite”.
5. After sending the invitation, your friends will receive an email from you, inviting them to join Novo. In this email, they will also find your Novo referral code. It’s important to note that each email you send will contain the same Novo referral code.
If you wish to directly invite subsequent friends without individually sending emails, you can simply take note of your Novo referral code from the first invite request and share the code with others.
What is Novo Bank?
Novo is an easy-to-use online banking platform that you can apply for through our Novo referral link in under 10 minutes. There are no monthly fees or minimum balance requirements, helping you keep more of your money.
It’s designed to streamline your business in partnership with e-commerce and international transfer software, including Stripe, Square, Shopify, and Wise. Novo offers unlimited free transactions within the US and partners with Wise to enable international transfers.
You can choose between thousands of dollars in exclusive perks and utilize other small business tools that are integrated into the Novo user interface. You’ll also get a virtual card to allow you to immediately start spending your money securely.
Novo Bank is for freelancers, entrepreneurs, and small business owners. Although it has thousands of users, Novo is currently only available for U.S.-based businesses, whether their founder is a U.S. citizen or not.
Why You Should Sign Up for Novo Bank
Novo Bank is designed to give you everything you need to run your business in the palm of your hand. It takes less than 10 minutes to apply for a Novo account with FDIC insurance through Middlesex Federal Savings.
One of the benefits of a Novo Bank account is that there are no hidden fees and easy transfers with free ACHs, mailed checks, and incoming wires. You’ll even have all ATM fees reimbursed so that you’ll always have access to cash.
You’re not required to maintain a minimum balance with a Novo account, unlike other business accounts. Unlike other financial institutions, Novo Bank has human-powered customer support.
Managing Cash Flow with Novo
Novo’s biggest benefit for business owners is the ability to keep your cash flow going with faster payments at no extra cost. While traditional banks make you wait days to access your revenue, most payments clear within hours with Novo Boost. This faster payment method is currently only available for payments processed via Stripe.
What makes Novo unique is that the platform is designed to unlock your finances with comprehensive workflow solutions. You can handle everything from payroll to your taxes and money management using Novo’s user interface.
Novo Payments and Budgeting
Novo allows you to send invoices, track payments, and get paid on terms that work for your business. The platform gives you an unlimited number of invoices for free with PayPal, Square, and Stripe payments integrated into the system.
Novo allows you to send money internationally in 30 seconds and automatically sync transactions with your accounting software. This integrated system enables you to track your sales and balances across different platforms.
Another feature of Novo is the ‘Novo Reserve’, allowing you to set money aside for business expenses, including payroll, taxes, and profit. You can easily manage your business budget with up to 10 saving pots, known as ‘reserves’. It’s easy to set this money aside by automatically allocating your income to go to selected reserves.
You can seamlessly transfer money from other accounts by linking them up to Novo with no minimum deposit amount. One of Novo’s most unique features is its remote check deposit which allows you to deposit a check directly from your phone in seconds with unlimited free check deposits.
Security and Novo
Although Novo isn’t a bank, it has comparable security measures. Your deposits are insured up to $250,000 through Novo’s partner bank, Middlesex Federal Savings.
The Novo debit card features a Mastercard EMV chip to prevent counterfeiting with the additional option of a virtual card that you can freeze and unfreeze instantly. Novo uses bank-grade encryption to keep your information secure 24/7.
Your Novo debit card can be used while traveling abroad with no limits. The app will send a push notification for every transaction, and you can withdraw money anywhere – while still getting refunded for any ATM fees you incur abroad.
Novo and Stripe
Do you use Stripe for your business payments? Integrate your systems by using Novo as your business bank. Novo offers deep integration through their platform as a Stripe Verified Partner, allowing you to view your Stripe balance through Novo.
You’ll even get $20,000 in fee-free processing when you sign up for Stripe through Novo and will receive your Stripe payments up to 95% faster.
If you want to check out Albert bank, you can also sign up with our Albert bank referral code to earn a referral bonus.
Final Thoughts
Streamline your business finances with a financial technology company that can do it all. Novo allows you to manage your cash flow and keep track of expenses and payroll all through one app. The accounting software integrated into Novo makes it ideal for businesses in every industry.
If you run an e-commerce business, Novo bank will help you access your funds within hours and create a completely integrated system to make your business financing easier.
Make your business banking simple by signing up for an account using our Novo referral link. You’re only a few clicks away from joining over 175,000 other small business owners as part of Novo’s community.
Novo Bank has no hidden fees, an easy-to-use app, refunds on all ATM fees, and a myriad of other benefits. Use our Novo bank referral code to apply for your new business bank account in under 10 minutes.
Also check out the SoFi referral program and earn $25-$325 worth of SoFi rewards by inviting new users to the platform.
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