Axos Basic Business Checking up to $200 Bonus

Axos logo

Axos Bank : Basic Business Checking

up to $200

Offer Expires In

How To Earn The Bonus

  1. Open a new Basic Business checking account from Axos Bank with promo code NEWBIZ200 (or NEWAXOSBIZ for older companies).
  2. In the first two months after account opening, maintain an average daily balance of at least $2,500.
  3. Bonus will be deposited into your new account within 5 business days of your statement cycle date.

Available in Your Area?

Yes

Monthly Fees?

No

Open Online?

Yes

Credit Pull?

Unknown

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at Axos

Available nationwide with the ability to open online, Axos is offering a $200 welcome bonus when you open a new Basic Business checking account and maintain a minimum balance. This is double their previous offer so now might be a good time to jump on it!

It's important to note that only new businesses (those incorporated after 06/01/2020) are eligible for $200 and must use promo code NEWBIZ200. If your business is older than that, you'll only be eligible for a $100 bonus and must use promocode NEWAXOSBIZ.

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 in order to earn the $200 bonus.

Full requirements to receive this bonus are:

  1. Open a new Basic Business checking account from Axos Bank with promo code NEWBIZ200 (or NEWAXOSBIZ for older companies).
  2. In the first two months after account opening, maintain an average daily balance of at least $2,500.
  3. Bonus will be deposited into your new account within 5 business days of your statement cycle date.

The fine print

  • Account must remain open for 180 days or an early closure fee of $50 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.

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 Banking℠

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

PNC

Business Checking Account

Bonus
$200
Account Type
Business Checking
Expires In
26 days
Requires
  • Min Balance
  • Card Spend

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 fee.