Axos Business Premium Savings up to $600 Bonus

Axos logo

Axos Bank : Business Premium Savings

up to $600

3.6

BankBonus.com score

Availability

Ease

Amount

Fees

Offer Expires In

How To Earn The Bonus

  1. Open a new Business Premium Savings account AND a Basic Business Checking account through a single application (bundle) with promo code SBB600.
  2. During the first 7 statement cycles, earn $100 each cycle that you complete the following requirements:
  3. Deposit $1,000 or more (via ACH, check, or wire) into their Basic Business Checking account from an external source
  4. Use the debit card associated with their Basic Business Checking account to make 2 or more approved purchases of at least $50 for each transaction
  5. Maintain an average daily balance of at least $1,500 in the Basic Business Checking account
  6. Maintain an average daily balance is at least $50,000 in the Business Premium Savings account.
  7. Bonus(es) will be deposited into your new account within the first 15 business days following the end of the Statement Cycle in which the eligible business qualified.
  8. Max total bonuses you can earn is $600

Available in Your Area?

Yes

Monthly Fees?

No

Open Online?

Yes

Credit Pull?

Soft

Axos Bank logo

Apply Now

at Axos

Axos is offering up to $600 to business owners who open a new Business Premium Savings account and bundle with a Basic Business Checking account. This offer is broken up into installments which are dispursed in $100 increments each month you complete the bonus requirements.

It's a tougher offer to earn than previous offers that did not require bundling; however, the bonus amount is considerably higher. Not only is this offer available nationwide with the ability to open online, it's also the highest reward amount we've seen Axos offer, so now is a good time to jump on it!

What's more? This is ON TOP of the account's 3.80% APY! We challenge you to find any other business savings account offering that kind of APY. So while, yes, the required deposit amounts are steep, coupled with the competitive interest rate, we think this is a great opportunity for businesses with the available cash.

How To Earn The Bonus

The Axos Business Premium Savings promotion requires you to deposit and maintain a minimum balance and make purchases using the account's card in order to earn the up to $600 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

  • Businesses who have opened an Axos Small Business Banking account prior to the Promotion Period are not eligible for the Cash Bonus Promotion.
  • Your Business Premium Savings account must remain open and in good standing at the time the incentive is paid to be eligible.
  • Qualifying deposits only include deposits from the following eligible sources: (i) ACH transfers from external accounts, (ii) inbound wire transfers from external accounts, (iii) check deposits. Qualifying deposits do not include: (i) transfers internal to the bank (i.e., transfers between an account holder’s Checking and/or Savings account), (ii) interest payments, (iii) promotional bonuses, (iv) credits, reversals, and refunds.

How does this business savings 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 Checking®

Bonus
up to $500
Account Type
Business Checking
Expires In
89 days
Requires
  • Min Balance
  • Card Spend (optional)

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 Premium Savings

The Axos Business Premium Savings account offers a high APY, with no monthly maintenance fees, and no minimum opening deposit. It stands out with free domestic and international incoming wires, and the ability to integrate with QuickBooks for better business efficiency.

This account is ideal for business owners looking to maximize savings while minimizing fees.

Fees

Business Premium Savings does not charge a monthly maintenance fee.

Share Your Thoughts or Questions

There have been 2 comments about the Axos Business Premium Savings up to $600 Bonus.

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Tom Strong

October 29, 2024

READ THE FINE PRINT! You have to maintain a minimum balance of $30.000 to earn even the minimum bonus of $75.00. Too rich for my blood! Unfortunately, I already applied.

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Matt Bundrick Author

March 18 Replying to Tom Strong

To be fair, that's not really fine print.. it's in the primary requirements, ha. But yes, the offer definitely requires a large amount of cash. You'll need to leave $30k in your account for 3 months to earn $225, or $75k to earn the full $375. The good news is that the account offers a really competitive APY (on top of this bonus), so it's not unreasonable for business owners who have the money, in our opinion.

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