Axos Bank Basic Business Checking
Cast your vote
Would you recommend Axos Bank Basic Business Checking to your friends?
| Community Rating | Strongly recommended |
| Monthly Maintenance Fee |
$0 (Verified 08/04/2023)
|
| ATM Fee: Out-of-Network | Starting at $0 |
| APY (Annual Percentage Yield) |
0% (Verified 08/04/2023)
|
| Minimum Balance to Avoid Monthly Fee | Starting at $0 |
| Number of Reviews | 7 |
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 are 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 opening 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 when you enroll in Axos Bank mobile or online banking.
Axos Bank Basic Business Checking Pros & Cons
| 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.
| 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.
| Description | |
|---|---|
| ATM Fee: In-Network | $0 |
| ATM Fee: Out-of-Network | Starting at $0 |
| Debit Card Replacement Fee (Standard Delivery) | $0 |
| Monthly Maintenance Fee | $0 |
| NSF Fee | $25 |
| Online Bill Pay Fee | $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.
Axos Bank Basic Business Checking Disclosure:
To be eligible to earn all or a portion of the cash incentive as part of the “SBIZ100" $100 promotion, a Basic Business Checking (BBC) or Business Interest Checking (BIC) that includes the promotional code “SBIZ100" must be submitted between 05/15/2023 at 12:00am PT and 11:59pm PT on 06/30/2023. Axos Bank reserves the right to limit each primary account holder to one (1) checking account promotional offer per year and customers who have held primary ownership of an Axos Bank or Axos Bank for Nationwide checking or savings account at any time in the past 12 months may be disqualified from the “SBIZ100" offer. Promotional terms and conditions are subject to change or removal without notice. Bonus cash may be taxable and reported on IRS Form 1099-MISC. Consult your tax advisor. After initial requirements above are met, the amount of cash bonus earned will depend on meeting the additional requirements outlined below:
Small Business Checking bonus up to $100: You must be approved for your new Small Business Checking account and fund it within 60 days of account opening. A cash bonus of up to $100 can be earned in the following manner during the first five (5) statement cycles. A statement cycle is a calendar month consisting of the days your account was open during that month. $25 will be earned for each statement cycle during which the average daily balance in your Small Business Checking account must be at a minimum $5,000 or greater. A maximum of four (4) payouts can be earned during the five (5) statement cycles and the bonus will be deposited into your Small Business Checking account within 10 business days following the end of the statement cycle in which the balance requirement was met. Your Small Business Checking account must be open and in good standing at the time the bonus is paid to be eligible to receive the bonus and your Small Business Checking account must remain open for 120 days or an early closure fee of up to $100 may apply.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website
may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking
on links posted on this website. Read more...
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.
Message From Axos Bank Basic Business Checking
Contact
- Headquarters
-
4350 La Jolla Village Drive
Suite 140
San Diego, CA 92122 USA - Visit Site
- Email Support
Other Services by Axos Bank
View all business checking accounts offered by Axos Bank
Other Business Checking Accounts by Axos Bank
Loading...
Availability
Available in 50 states and Washington, D.C.
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- 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
- Washington, DC
- West Virginia
- Wisconsin
- Wyoming
Feature Breakdown
| Minimum Balance to Avoid Monthly Fee | Starting at $0 |
| Minimum Opening Deposit | Starting at $1,000 |
Axos Bank Basic Business Checking Community Reviews
Would you recommend Axos Bank Basic Business Checking to your friends?
sorted by
Other Business Checking Accounts
Browse Business Checking Accounts
- Axos Bank Business Interest Checking
- BlueVine Business Checking
- Bridge City Bank Business Now Link
- Citizens Bank Business Advisor Checking
- City Bank Commercial Checking Account
- Community First Bank Business Analysis
- E-Central Credit Union Premium Value Business Checking Account
- First Internet Bank Business Checking Account
- Members First Community CU Business Accounts
- Mohave Community FCU Business Share Draft Account
- San Mateo Credit Union Basic Business Checking Account
- US Bank Nonprofit Checking Account
