Axos Basic Business Checking up to $400 Bonus

Axos logo

Axos Bank : Basic Business Checking

up to $400

4.0

BankBonus.com score

Availability

Ease

Amount

Fees

Offer Expires In

How To Earn The Bonus

  1. Open a new Basic Business Checking account from Axos Bank with promo code NEW400.
  2. During the first 5 statement cycles, earn $75 for each statement cycle the average daily balance is $25,000 - $49,999.99, up to $300 total OR earn $100 for each statement cycle the average daily balance is at least $50,000, up to $400 total.
  3. In addition, you'll need to complete 10 purchases of at least $3 with your Small Business Checking Visa® Debit Card and have BillPay setup on your account.
  4. Bonus will be deposited into your new account within 10 business days of your statement cycle date.

Available in Your Area?

Yes

Monthly Fees?

No

Open Online?

Yes

Credit Pull?

Unknown

Axos Bank logo

Apply Now

at Axos

Available nationwide with the ability to open online, Axos is offering a $400 welcome bonus when you open a new Basic Business checking account and maintain a minimum balance. You'll also need to use your debit card to qualify. This is double their previous offer (and quadruple one before that!) so now might be a good time to jump on it.

Wanna get an interest-bearing account instead? They're also running this promotion on their Business Interest Checking account.

How To Earn The Bonus

The Axos Basic Business Checking promotion requires you to deposit and maintain a minimum balance, make purchases using the account's card and set up bill pay in order to earn the up to $400 bonus (step-by-step breakdown is listed above!).

As with any offer, don't forget to read the fine print before opening your new account. It's where the bank will clearly state who is eligible for the deal along with any nuances you'll want to be aware of.

The fine print

  • Account must remain open for 120 days or an early closure fee of $100 may apply.
  • Must be new funds to receive bonus credit.
  • Bank reserves the right to limit each customer to one new account-related gift incentive per calendar year.
  • You can earn a maximum of four (4) payouts during the five (5) statement cycles

How does this business checking offer from Axos compare?

To help you determine how this bonus stacks against the rest, here are some of the most popular offers available right now:

Chase

Chase Business Complete Checking®

Bonus
$300
Account Type
Business Checking
Expires In
98 days
Requires
  • Min Balance
  • Card Spend (optional)

U.S. Bank

Business Checking

Bonus
up to $800
Account Type
Business Checking
Expires In
8 days
Requires
  • Min Balance
  • Bill Pay (optional)
  • Card Spend (optional)

Live Oak

Live Oak business savings

Bonus
$300
Account Type
Business Savings
Expires In
15 days
Requires
  • Min Balance

Why Axos Bank?

Axos is a relatively new, online-only bank, established in 2000 and based in California. They offer both personal and business products, with particularly competitive rates on the personal side. In fact, their personal checking account earns a higher rate than most money market accounts (though there are a couple of tier requirements to earn the full advertised rate).

Altogether, Axos offers fewer products than the big banks, but enough for the average consumer and small business owner: checking and savings accounts, CDs, home, auto and personal loans. Also under the Axos umbrella, the company offers Axos Invest, a robo-advisor similar to products like Betterment and Wealthfront.

Basic Business Checking

Axos Basic Business Checking comes with no monthly maintenance fees and they’ve recently removed minimum deposit requirements to open your account. The first set of 50 checks is free, and they now offer unlimited transactions — debits, credits, or other deposits — at no additional cost per month. Another new perk they've added is reimbursement for up to 2 domestic wire transfers each month. Not bad for a free business account!

Fees

Basic Business Checking does not charge a monthly maintenance fee.

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