On Thursday, January 7th, 2021, Azlo, announced that they are closing their doors and closing their accounts. This is devastating news for so many small businesses, and Novo is here to help. As the leading Azlo alternative, we are offering small businesses that switch to Novo a reward for choosing Novo.
The large bank, BBVA, that owns Azlo decided that they no longer want to support the tens of thousands of businesses that rely on them for business banking services. At this point in time, Azlo & BBVA have not provided clear direction on what will happen to Azlo business checking account holders.
It is with this shutdown that we’re announcing the Azlo Alternative Referral Program. If you have a Novo business checking account and know any business owners that are looking for an alternative to their Azlo accounts, we will reward you AND the referred Novo customer $25 when you refer a new Novo customer and they make a qualifying deposit*.
Novo is the best business banking option for small businesses that accept payments online. We offer direct, native integrations with Stripe and Shopify and are building out even more in 2021. Azlo customers are used to tools like Invoicing & Envelopes, so we’ve decided to build those features into Novo as well — coming real soon!
If you’re a current Novo customer and want to learn more about the Azlo Alternative Referral Program, please check out our FAQs to learn more.