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  Axos Bank Basic Business Checking

Axos Bank Basic Business Checking

in Business Checking Accounts from Axos Bank · Member fdic

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Axos Bank Basic Business Checking

Claimed

in Business Checking Accounts from Axos Bank · Member FDIC

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Highlights
Monthly Fee $0
ATM Fee: Out-of-Network $0
Minimum Balance to Avoid Monthly Fee $0
APY (Annual Percentage Yield) 0%

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 a monthly maintenance fee.
  • $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 reimbursements. This account will reimburse you for the ATM fees charged by other financial institutions.
  • Free bill pay. Pay your bills to practically anyone in the United States through Axos Bank.
  • Hard credit pull. Axos Bank may require a hard pull on your credit report to open a checking account.
Axos Bank Basic Business Checking Pros & Cons
Pros Cons
  • Offers a $100 bonus offer.
  • Available in all 50 states.
  • Access to physical branches.
  • Free debit card and the option to lock/unlock the card if lost or stolen
  • No charge on incoming domestic or international wire transfers.
  • Does not earn interest
  • Higher than average wire transfer fees.
Axos Bank Basic Business Checking FAQ

Are business checking accounts from Axos Bank federally insured?

Yes, your Axos Bank business checking accounts 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.

Axos Bank Basic Business Checking Account Minimums
Description Amount
Minimum Initial Deposit $1000

What fees does Axos Bank Basic Business Checking charge?

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

Axos Bank Basic Business Checking Fees
Description
ATM Fee: In-Network $0
ATM Fee: Out-of-Network $0
Debit Card Replacement Fee $0
Monthly Fee $0
NSF Fee $25
Online Bill Pay Fee $0
Overdraft Protection Fee (per transfer) $0
Paper Statement Fee $5
Returned Deposit Fee (Domestic) $10
Returned Deposit Fee (International) $10
Stop Payment Fee $10
Wire Transfer Fee - Domestic (Incoming) $0
Wire Transfer Fee - Domestic (Outgoing) $35
Wire Transfer Fee - International (Incoming) $0
Wire Transfer Fee - International (Outgoing) $45

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.
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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Minimum Balance to Avoid Monthly Fee $0
Minimum Opening Deposit Starting at $1,000
ATM Fee: In-Network $0
ATM Fee: Out-of-Network $0
Debit Card Replacement Fee $0
Monthly Fee $0
Online Bill Pay Fee $0
Overdraft Protection Fee (per transfer) $0
Wire Transfer Fee - Domestic (Incoming) $0
Wire Transfer Fee - International (Incoming) $0
NSF Fee $25
Paper Statement Fee $5
Returned Deposit Fee (Domestic) $10
Returned Deposit Fee (International) $10
Stop Payment Fee $10
Wire Transfer Fee - Domestic (Outgoing) $35
Wire Transfer Fee - International (Outgoing) $45
Bank Account Features
  • No ATM Fees
  • FDIC Member
  • Branch Access
  • Debit Card
  • Free Bill Pay
  • Fraud Protection
  • Debit Card Lock/Unlock
  • Fraud Monitoring
  • Mobile Banking
  • Nationwide ATM Network
  • ATM Reimbursement
  • No Monthly Maintenance Fee
  • Mobile Check Deposit
  • Expense Management
Signup Bonus $100

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