Axos Bank Business Interest Checking
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| Community Rating |
Rating not yet determined |
| Monthly Fee |
$0 - $10 (Verified 05/30/2023)
|
| ATM Fee: Out-of-Network | Starting at $0 |
| Minimum Balance to Avoid Monthly Fee | Starting at $5,000 |
| APY (Annual Percentage Yield) |
Up to 1.01% (Verified 05/30/2023)
|
Axos Bank Business Interest Checking Review
Axos Bank Business Interest Checking is offered by Axos Bank, a bank founded in 2000 and based in San Diego, CA. Axos Bank Business Interest 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).
- Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 1.01%, which is much higher than the average for a checking account. However, you must keep a minimum balance of $0.01.
- Charges a monthly fee. This account charges a monthly service fee of up to $10, but the fee is waived if you keep a minimum balance of $5,000.
- $100 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 Business Interest 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 Business Interest Checking Pros & Cons
| Pros | Cons |
|---|---|
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Axos Bank Business Interest 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 Business Interest Checking offer?
Axos Bank does not provide interest rate information until you apply for a new account.What are the account minimums for Axos Bank Business Interest Checking?
Axos Bank Business Interest Checking requires a minimum initial deposit of $100 to open an account.
| Description | Amount |
|---|---|
| Minimum Initial Deposit | $100 |
| APY Minimum Balance | $0.01 |
| Minimum Combined Balance to Avoid Monthly Fee | $5,000 |
| Minimum Balance to Avoid Monthly Fee | $5,000 |
What fees does Axos Bank Business Interest Checking charge?
This account charges a monthly maintenance fee of up to $10.
| Description | |
|---|---|
| ATM Fee: In-Network | $0 |
| ATM Fee: Out-of-Network | Starting at $0 |
| Check Image Service | $0 |
| Debit Card Replacement Fee | $0 |
| Early Account Closure | $0 |
| Foreign Transaction Fee (Debit Card) | 1% |
| Monthly Fee | $0 - $10 |
| NSF Fee | $25 |
| Online Bill Pay Fee | $0 |
| Overdraft Item Fee | $10 |
| 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) | $15 |
| Wire Transfer Fee - International (Incoming) | $0 |
| Wire Transfer Fee - International (Outgoing) | $50 |
What features and perks does Axos Bank Business Interest 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.
- Check images with statement - Reconciling your accounts and complying with document retention standards is easier when you have access to a copy of your checks.
- Fraud monitoring - Axos Bank Business Interest 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 Business Interest 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 Business Interest 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.
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Message From Axos Bank Business Interest Checking
Contact
- Headquarters
-
4350 La Jolla Village Drive
Suite 140
San Diego, CA 92122 USA - Visit Site
- Email Support
Promotional Offers
Business owners get up to $100 welcome bonus!*
Choose smarter business banking by June 30 and enjoy up to $100.* Just use promo code SBIZ100 on your application.
Use below promo code:
SBIZ100
Available NOW through June 29, 2023
Other Services by Axos Bank
View all business checking accounts offered by Axos Bank
Other Business Checking Accounts by Axos Bank
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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 $5,000 |
| Minimum Balance to Earn APY | $0.01 |
| Minimum Combined Balance to Avoid Monthly Fee | $5,000 |
| Minimum Opening Deposit | $100 |
Axos Bank Business Interest Checking Community Reviews
Would you recommend Axos Bank Business Interest Checking to your friends?
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