Available nationwide with the ability to open online, Axos is offering a $200 welcome bonus when you open a new Business Premium Savings 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.
Wanna get a checking account instead? They're also running this $200 promotion on their Business Interest Checking account.
How To Earn The Bonus
The Axos Business Premium Savings promotion requires you to deposit and maintain a minimum balance in order to earn the up to $200 bonus.
Full requirements to receive this bonus are:
- Open a new Business Premium Savings account from Axos Bank with promo code NEWBIZ200 for businesses incorporated after 06/01/2020 (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 Premium Savings account before the bonus expires on June 30, 2023
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 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 Banking℠
- Bonus
- up to $500
- Account Type
- Business Checking
- Expires In
- 63 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.
Learn more in our Axos Bank review
Business Premium Savings
Fees
Business Premium Savings does not charge a monthly fee.
Apply now for a Business Premium Savings account to earn the $200 bonus offer