Axos Business Interest Checking $200 Bonus

Axos Bank logo

Axos Bank : Business Interest Checking

up to $200

Offer Expires In

How To Earn The Bonus

  1. Open a new Business Interest Checking account from Axos Bank using 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?

Yes

Open Online?

Yes

Credit Pull?

Soft

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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 Business Interest 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.

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 $200 bonus.

Full requirements to receive this bonus are:

  1. Open a new Business Interest Checking account from Axos Bank using 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 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 Bankingâ„ 

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

PNC

Business Checking Account

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

Amex

Business Checking

Bonus
$300
Account Type
Business Checking
Expires In
Limited Time
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.

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 APY, which currently sits at up to 0.81% for the highest tier.

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.