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:
- Open a new Business Interest Checking account from Axos Bank using promo code NEWBIZ200 (or NEWAXOSBIZ for older companies).
- In the first two months after account opening, maintain an average daily balance of at least $2,500.
- Bonus will be deposited into your new account within 5 business days of your statement cycle date.
Open a Business Interest Checking account before the bonus expires on June 30, 2022
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 Banking℠
- 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.
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 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.
Open a Business Interest Checking account now to earn the $200 bonus