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 maintain a minimum balance. This is half their previous offer so now might be a good time to wait it out.
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 up to $100 bonus.
Full requirements to receive this bonus are:
- Open a new Business Interest Checking account from Axos Bank with promo code SBIZ100.
- During the first 5 statement cycles, earn $25 for each statement cycle the average daily balance is at least $5,000, up to $100 total.
- Bonus will be deposited into your new account within 10 business days of your statement cycle date.
Open a Business Interest Checking account before the bonus expires on June 30, 2023
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.
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 $750
- Account Type
- Business Checking
- Expires In
- 29 days
- Requires
- Min Balance
- Bill Pay (optional)
- Card Spend (optional)
Chase
Chase Business Complete Banking℠
- Bonus
- up to $500
- Account Type
- Business Checking
- Expires In
- 63 days
- Requires
- Min Balance
- Card Spend (optional)
PNC
Business Checking Account
- Bonus
- $200
- Account Type
- Business Checking
- Expires In
- 29 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 $100 bonus offer