Axos Business Interest Checking $100 Bonus

Axos Bank : Business Interest Checking

Bonus Amount
$100
Account Type
Business Checking
Available In Your Area?
Yes
Offer Expires In
Bonus Requirements
  1. Have a business incorporated after 06/01/2020.
  2. Open a new Business Interest Checking account.
  3. For the two months following account creation, maintain an average minimum daily balance of $2,500.
  4. Bonus will be deposited into your new account within 5 business days of your statement cycle date.
Other Details
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Open Online?
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Available nationwide with the ability to open online, Axos is offering a $100 welcome bonus when you open a new business interest checking account and use the promo code NEWBIZ100. This bonus does not require a direct deposit, but does require a minimum balance for the qualification period.

How To Earn The Bonus

The Axos Business Interest Checking promotion requires you to deposit and maintain a minimum balance in order to earn the $100 bonus. Full requirements to receive this bonus are:

  1. Have a business incorporated after 06/01/2020.
  2. Open a new Business Interest Checking account.
  3. For the two months following account creation, maintain an average minimum daily balance of $2,500.
  4. Bonus will be deposited into your new account within 5 business days of your statement cycle date.

The fine print

  • Business must be incorporated after 6/01/2020.
  • Account must remain open for 180 days or an early closure fee of $50 may apply.
  • Must be new funds to receive bonus credit.

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.

Business Interest Checking

Fees

Business Interest Checking does charge a monthly fee of $10, but there are ways to get this waived:

  • Maintain a minimum daily balance of $5,000.