Axos Self-Directed Trading + Rewards Checking Combo $200 Bonus

Axos Bank logo

Axos Bank : Self-Directed Trading + Rewards Checking Combo

$200

Offer Expires In

How To Earn The Bonus

  1. Open a new Axos Rewards Checking account with promo code LEVELUP and have qualifying direct deposit(s) that total at least $1,500.00 within a single calendar month during the first three (3) calendar months your account is open, including the month in which your account was opened.
  2. Open a new Self-Directed Trading account.
  3. Within 45 days, fund the account with at least $2,500, and place one trade in the Axos Invest account.
  4. Maintain that level of funding during the first three (3) calendar months your account is open.
  5. Bonus will be deposited to your Rewards Checking account within 30 days following the 90-day waiting period.

Available in Your Area?

Yes

Monthly Fees?

No

Open Online?

Yes

Credit Pull?

Unknown

Axos is trying something new with their Self-Directed Trading bonus this quarter. They are looking to reward users that signup for a Rewards Checking account and add-on a Self-Directed Trading account.

Axos is offering a $200 welcome bonus for users that complete the requirements for both. This may seem a little unconventional; however, it does provided a seamless banking/investing experience and the opportunity for a high APY on your money that's not invested.

How To Earn The Bonus

The Axos Self-Directed Trading + Rewards Checking Combo promotion requires you to set up direct deposits and deposit and maintain a minimum balance in order to earn the $200 bonus.

Full requirements to receive this bonus are:

  1. Open a new Axos Rewards Checking account with promo code LEVELUP and have qualifying direct deposit(s) that total at least $1,500.00 within a single calendar month during the first three (3) calendar months your account is open, including the month in which your account was opened.
  2. Open a new Self-Directed Trading account.
  3. Within 45 days, fund the account with at least $2,500, and place one trade in the Axos Invest account.
  4. Maintain that level of funding during the first three (3) calendar months your account is open.
  5. Bonus will be deposited to your Rewards Checking account within 30 days following the 90-day waiting period.

The fine print

  • This offer is valid for one new Non-Qualified Axos Invest Self-Directed Trading account per person and only open to U.S. residents.
  • Current Axos account holders, former Axos Invest account holders who closed accounts within the past 90 days, and new Axos Invest Managed Portfolio account holders are not eligible.
  • Receipts in the form of a statement for ACAT transfer transactions must be submitted to support@axosinvest.com for verification and reimbursement of up to $300.
  • Existing Axos Bank Rewards Checking customers who do not have direct deposit must have qualifying direct deposit(s) that total at least $1,500.00 between 7/5/2022 at 12:00am PST and 11:59pm PST on 9/30/2022 to qualify for the $200 bonus.
  • $200 bonus cannot be earned without fulfilling both Axos Bank Rewards Checking and Axos Invest Self-Directed Trading requirements.

How does this investment 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:

Ally

Ally Invest

Bonus
up to $3000
Account Type
Investment
Expires In
51 days
Requires
  • Min Balance

J.P. Morgan

Self-Directed Investing

Bonus
up to $625
Account Type
Investment
Expires In
61 days
Requires
  • Min Balance

Tradestation

Securities or Crypto Account

Bonus
up to $150
Account Type
Investment
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.

Self-Directed Trading

Fees

Self-Directed Trading does not charge a monthly fee.