Available nationwide with the ability to open online, Axos is offering up to a $400 welcome bonus when you open a new Business Interest 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.
How To Earn The Bonus
The Axos Business Interest 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
Open a Business Interest Checking account before the bonus expires on December 31, 2023
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:
U.S. Bank
Business Checking
- Bonus
- up to $800
- Account Type
- Business Checking
- Expires In
- 34 days
- Requires
- Min Balance
- Bill Pay (optional)
- Card Spend (optional)
Chase
Chase Business Complete Checking®
- Bonus
- $300
- Account Type
- Business Checking
- Expires In
- 44 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.
Learn more in our Axos Bank review
Business Interest Checking
Axos Business Interest Checking is an interest-bearing checking account with higher requirements and some added benefits. The minimum opening deposit is only $100, but a $5,000 average daily balance is required to waive the $10 monthly fee. The most significant benefit is the high APY.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.
Apply now for a Business Interest Checking account to earn the up to $400 bonus offer
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