Axos Essential Checking $50 Bonus

This offer is expired and may no longer be available. Check out current offers from Axos Bank or all available offers instead.

Axos Bank : Essential Checking

Bonus Amount
Account Type
Personal Checking
Available In Your Area?
Offer Expired On
April 30, 2021
Bonus Requirements
  1. Open a new Essential Checking account using the link below.
  2. Set up direct deposit.
  3. Maintain a balance of $1,000.
Other Details
Hard Credit Pull?
Monthly Fees?
Open Online?
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Axos is offering $50 to new personal checking customers, but the terms aren't super clear. You'll need to set up direct deposit, but they don't put any restrictions around amount, and you'll need to maintain a balance of $1,000, but they don't say for how long. Axos is a top online bank, so if you're checking them out anyway, we recommend applying this promo code. But otherwise, there are bigger bonuses available with clearer terms from others.

Have you applied for and earned this bonus? Let us know in the comments below!

How To Earn The Bonus

The Axos Essential Checking promotion requires you to set up direct deposits and deposit and maintain a minimum balance in order to earn the $50 bonus.

Full requirements to receive this bonus are:

  1. Open a new Essential Checking account using the link below.
  2. Set up direct deposit.
  3. Maintain a balance of $1,000.

The fine print

Please refer to the institution's website for any terms and conditions that may apply.

How does this checking offer from Axos compare?

Chase Bank Logo
Chase Bank is offering $225 when you open a Chase Total CheckingĀ® account. see full details
Citi Logo
Citi gives you up to $1500 when you open a Citi Priority account. see full details
Aspiration Logo
Earn $200 from Aspiration when you open an Aspiration Plus account. see full details

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.

Essential Checking


Essential Checking does not charge a monthly fee.