Axos Bank's Basic Business Checking account is a free checking account for small businesses. It doesn't have a minimum balance requirement or monthly maintenance fee, and it offers unlimited item processing, including up to 60 remote deposits per month. The account also offers a sign-up bonus of up to $400.
Business checking account that earns tiered interest on deposits, with rates starting at 1.01% APY on balances up to $50k. It has a $10 monthly fee that’s waived if you maintain an average daily balance of $5,000, and you can earn a $400 bonus when you meet certain criteria for opening the account.
Our list of the best Axos Bank promotions features everything from rewards checking accounts to business checking and savings accounts.
Each account offers a competitive rate and plenty of perks to help you make the most of your finances. Unlike some of the major traditional banks, you can also qualify for bonuses without having to deposit tens of thousands of dollars, too.
In short, Axos Bank makes it affordable to manage your financial assets with plenty of accounts and promotions to choose from.
Are you ready to find out what Axos Bank promotions you can take advantage of? Let’s get started!
What is Axos Bank?
Axos Bank and others like it signal a shift in the banking industry from traditional banks with brick-and-mortar locations to online-only banks that only interact with their customers through the internet.
While some might prefer to deal with traditional banks that they can see and visit whenever they choose, digital banks can help customers across the nation manage their money in several different ways.
Established in 2000, Axos Bank has over 20 years of experience working with its customers through a digital interface. The bank is based in California and offers both personal and business bank accounts, savings accounts, and CDs.
You can also apply for personal, auto, and home loans through Axos Bank, or try your hand at investing with Axos Invest. With so many options to choose from, taking advantage of Axos Bank promotions can help you narrow down your choices.
Best Axos Bank Promotions
Axos Bank offers several different types of accounts and is one of the best online banks we've reviewed.
For example, you can open an Axos Essential Checking account with no opening deposit or minimum balance without paying a single monthly maintenance fee.
Here are a few more Axos Bank promotions to consider.
Basic Business Checking Checking – up to $400 bonus
The Basic Business Checking account from Axos Bank rewards you $400 when you complete the requirements outlined here for the Business Checking account.
Open a business checking account and get up to $400 when you use promo code NEW400 on your application and maintain a minimum average daily balance of $10,000.
In addition to the many benefits Axos Bank offers its business customers, this specific account includes no initial deposit, minimum balance requirements, or monthly fees.
You can make cash deposits via any MoneyPass or AllPoint ATM and get reimbursed for any fees you incur with no limit. Plus, you’ll also get two reimbursed domestic wire fees per month on top of that.
Axos Bank's Basic Business Checking account is a free checking account for small businesses. It doesn't have a minimum balance requirement or monthly maintenance fee, and it offers unlimited item processing, including up to 60 remote deposits per month. The account also offers a sign-up bonus of up to $400.
Business Interest Checking – up to $400 bonus
The same $400 is up for grabs with a Business Interest Checking account as well.
Use either the promo code “NEW400” to get up to $400 for your new account. You can earn up to 1.01% APY on your balance and your first set of 50 checks is free.
You’ll only need to fund the account with $100 and act before January 2nd to get started.
Additional perks include up to 100 free items per month, up to 60 items per month for remote deposit, and a Visa debit card with benefits.
ATM fees are always reimbursed and there’s no monthly maintenance fee if you have a $5,000 minimum average daily balance.
Drop below that and the monthly fee is only $10 per month. Axos Business Interest Checking is also compatible with QuickBooks.
Business checking account that earns tiered interest on deposits, with rates starting at 1.01% APY on balances up to $50k. It has a $10 monthly fee that’s waived if you maintain an average daily balance of $5,000, and you can earn a $400 bonus when you meet certain criteria for opening the account.
Perks of Online-Only Banks like Axos Bank
Many online-only banks can offer several benefits not available from traditional banks. Perhaps it’s all that overhead they avoid from keeping everything on the internet. Here are a few more benefits of working with an online-only bank:
- Competitive interest rates
- Lower fees
- Low to no minimum opening deposits
- Streamlined app user experience
- One-stop shop for a variety of financial needs
- Tools for money management, including budgeting, saving, and investing
- 24/7 operating hours
- The convenience of banking nearly anywhere
- Strict security measures for keeping your information safe
At the same time, online-only banks can be tricky when it comes time to deposit cash. Some digital banks will allow you to deposit funds through an ATM, while others require you to visit a specific location. If depositing cash is something you’re worried about, find a digital bank that offers this perk specifically before you sign up for an account.
Alternative Bank Promotions
Many other online-only and traditional banks offer promotions for their best bank accounts. Here are a few you can take advantage of or even compare to those above from Axos Bank:
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Best for checking
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Best for savings
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Best for business
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Chase Total Checking® (Nationwide)
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SoFi Checking & Savings (Nationwide)
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Chase Business Complete Checking® (Nationwide)
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- Bonus Offer: $300
- Minimum Deposit: $500
- Direct Deposit: Yes
- Expiration Date: 1/22/25
- Bonus Offer: $325
- Minimum Deposit: $1,000-$5,000
- Direct Deposit: Yes
- Expiration Date: 12/31/24
- Bank Bonus: $300
- Minimum Deposit: $2,000
- Direct Deposit: No
- Expiration Date: 1/16/25
- Bank of America: This traditional bank has one of the best banking apps out there. You can earn $100 for opening a new account and setting up direct deposits of $1,000 or more within 90 days. You can also waive the monthly fee and choose between three different accounts.
- Chase Total Checking: Chase does charge a $12 monthly fee for this account, but you can waive it with deposits of $500 or more and earn $300 at the same time.
- American Express: We named the American Express Platinum card one of the best credit cards because it offers so many perks. For example, you can earn 80,000 Membership Rewards points if you spend $6,000 or more on purchases in the first six months.
- Citi Priority Account: Open a new account to earn up to $2,000. All you have to do is deposit $10,000 within 20 days and keep it there for 60 days after the 21st day of account ownership. Bonuses are tiered based on how much you deposit, so there is potential to earn more in rewards.
- Discover Online Savings Account: Use promo code “WH323” to open a new Discover Online Savings Account and earn up to $200. To get the $200 reward, you’ll need to deposit $25,0000 or more. If you can only deposit $15,000, you’ll still earn $150.
- Essential checking account with convenient access.
- Earn a $300 bonus with $500+ in direct deposits.
- $12 monthly fee, waived with qualifying activities.
- Access to 15,000+ ATMs and 4,700+ branches.
- Includes Chase Overdraft Assist℠ for added protection.
Between Axos Bank and these promotional offers, there are many ways you can earn money for opening a new account.
FAQs
Axos Bank offers many promotions you can take advantage of. When you open one of many business banking accounts, you can earn up to $400 by depositing a specific amount through this link.
Yes, banking with Axos is safe. This online-only bank has been in the business for over two decades and continues to offer its customers a comparable experience to working with traditional banks.
Yes, you can deposit cash with an Axos Bank account. You’ll need to visit a retail location that allows you to load cash onto your card at the register. Most CVS, Dollar General, and Walgreens locations allow you to do this.
Find a New Way to Bank with Axos Bank Promotions
Banking online and through your smartphone makes it easier to manage your money and pay your bills. With Axos Bank, you get rewarded for opening a new account, whether it’s for personal or business use. We hope this article has helped you to find the best Axos account for you based on your needs. Managing money can be difficult, but with the promotions Axos Bank offers, it pays to play. How will you use your new bonus?
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