Axos Bank Basic Business Checking

Axos Bank Basic Business Checking Review

Axos Bank Basic Business Checking is offered by Axos Bank, a bank founded in 2000 and based in San Diego, CA. Axos Bank Basic Business Checking is available in 50 states (and Washington, DC).

Key Takeaways

• $100 Bonus offer. Open a new account and you can get up to $100 (see terms and conditions for more details).
• 0% APY. As with most checking accounts, Axos Bank Basic Business Checking does not pay interest.
• $0 monthly fee. This account does not charge any monthly account fees.
• $1,000 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit or have no minimum.
• No ATM fees. Axos Bank Basic Business Checking does not charge fees on ATM transactions.
• ATM fee rebates. This account will reimburse you for ATM fees (see terms and conditions for details).
• Bill pay. Pay your bills to practically anyone in the United States through Axos Bank.

Axos Bank Basic Business Checking Pros & Cons

Axos Bank Basic Business Checking FAQ

Are business checking accounts from Axos Bank federally insured?

Yes, your deposits are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #35546). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What APY does Axos Bank Basic Business Checking offer?

Axos Bank Basic Business Checking is not an interest-bearing account.

What are the account minimums for Axos Bank Basic Business Checking?

Axos Bank Basic Business Checking requires a minimum initial deposit of $1,000 to open an account.

What fees does Axos Bank Basic Business Checking charge?

The good news is that this account does not have a monthly service charge.

What features and perks does Axos Bank Basic Business Checking offer?

This account includes the following features:

• Signup Bonus - Open an account and you will receive a signup bonus of up to $100.
• ATM reimbursement - This account will reimburse you for the ATM fees charged by other networks.
• Fraud monitoring - Axos Bank Basic Business Checking monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
• Free Bill Pay - Bill Pay allows you to pay bills easily from your account.
• Mobile Banking Services - Axos Bank Basic Business Checking allows you to manage your money online. This includes depositing checks in your account with your smartphone.
• Nationwide ATM network - Conveniently transact at a nearby ATM.