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Axos Bank Business Interest Checking

in Business Checking Accounts from Axos Bank · fdic

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Axos Bank Business Interest Checking

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in Business Checking Accounts from Axos Bank · Member FDIC

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Highlights
Monthly Fee $0 - $10
ATM Fee: Out-of-Network $0
Minimum Balance to Avoid Monthly Fee Starting at $5,000
APY (Annual Percentage Yield) 0.1% - 0.81%

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 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).
  • Higher than average APY. Axos Bank Business Interest Checking has an annual percentage yield of up to 0.81%, which is higher than the national average interest rate on savings accounts. Note that 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 reimbursements. 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
  • Offers a $100 bonus offer.
  • Available in all 50 states.
  • Interest-yielding account.
  • 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.
  • Higher than average wire transfer fees.
  • Monthly service charge.
Axos Bank Business Interest 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 Business Interest Checking offer?

Axos Bank Business Interest Checking offers an APY starting at 0.1% and ranging up to 0.81% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $0.01.

Axos Bank Business Interest Checking Rates and Terms
Rates Amount
APY (Annualized Percentage Yield) 0.1% - 0.81%

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.

Axos Bank Business Interest Checking Account Minimums
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.

Axos Bank Business Interest Checking Fees
Description
ATM Fee: In-Network $0
ATM Fee: Out-of-Network $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.
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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.

Message From Axos Bank Business Interest Checking

Earn up to 0.81% APY* and pay no monthly maintenance fee with an average daily balance of at least $5,000.

Availability

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

Feature Breakdown

APY Minimum Balance $0.01
Minimum Balance to Avoid Monthly Fee Starting at $5,000
Minimum Combined Balance to Avoid Monthly Fee $5,000
Minimum Opening Deposit $100
ATM Fee: In-Network $0
ATM Fee: Out-of-Network $0
Check Image Service $0
Debit Card Replacement Fee $0
Early Account Closure $0
Online Bill Pay Fee $0
Overdraft Protection Fee (per transfer) $0
Wire Transfer Fee - Domestic (Incoming) $0
Wire Transfer Fee - International (Incoming) $0
Foreign Transaction Fee (Debit Card) 1%
Monthly Fee $0 - $10
NSF Fee $25
Overdraft Item Fee $10
Paper Statement Fee $5
Returned Deposit Fee (Domestic) $10
Returned Deposit Fee (International) $10
Stop Payment Fee $10
Wire Transfer Fee - Domestic (Outgoing) $15
Wire Transfer Fee - International (Outgoing) $50
Account Features
  • No ATM Fees
  • Free Bill Pay
  • Mobile Check Deposit
  • Interest Bearing Account
  • ATM Reimbursement
  • Nationwide ATM Network
  • Check Images with Statement
  • Mobile Banking
  • Fraud Monitoring
  • Debit Card Lock/Unlock
  • Fraud Protection
  • Debit Card
  • Branch Access
  • Member FDIC
  • Expense Management
Signup Bonus $100
APY (Annual Percentage Yield) 0.1% - 0.81%

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