Axos Bank Business Interest Checking Named America’s Best Business Checking Account

Rhea-AI Summary

Axos Bank's Business Interest Checking has been recognized as America’s Best Business Checking Account by WalletHub, receiving high praise for its offerings aimed at small businesses. Customers can earn up to 0.81% APY and can avoid monthly fees with a balance of $5,000. New clients opening an account by June 30, 2021, using promo code NEWBIZ100, can earn a $100 welcome bonus. With $14.8 billion in assets, Axos Financial is a significant player in the digital banking sector.

Positive

• Business Interest Checking named America’s Best Business Checking Account by WalletHub.
• Customers can earn up to 0.81% APY with qualifying balances.
• New accounts can receive a $100 welcome bonus, encouraging new business.
• Unlimited domestic ATM fee reimbursements enhance customer satisfaction.

Negative

• None.

Axos Bank’s Business Interest Checking is America’s Best Business Checking Account Overall, editors of the personal finance website WalletHub said after evaluating more than 260 checking and savings accounts geared for small businesses.

WalletHub editors have named Axos Bank's Business Interest Checking account America’s Best Business Checking Account. (Graphic: Business Wire)

“This account is the full package,” WalletHub said in its annual list of the Best Bank Accounts for Small Businesses.

The website noted that Business Interest Checking customers can earn up to 0.81% Annual Percentage Yield (APY) and can avoid a $10 monthly maintenance fee if they maintain an average daily balance of at least $5,000. Business Interest Checking customers also enjoy unlimited domestic ATM fee reimbursements and up to 50 free items per month (and $0.50 per item thereafter).

New customers who incorporated their businesses after June 1, 2020, are eligible to receive a $100 welcome bonus for opening a Business Interest Checking account with Axos. To qualify, customers must apply for the account by June 30, 2021, must use promo code NEWBIZ100 on their application, and must maintain an average daily account balance of at least $2,500 in the first two months after account opening. The minimum opening amount for Business Interest Checking accounts is $100.

About Axos

Axos Financial, Inc. is the holding company for Axos Bank, a nationwide, digital-first bank that provides award-winning consumer and business banking products through its low-cost distribution channels and affinity partners. With approximately $14.8 billion in assets, Axos Bank provides financing for single and multifamily residential properties, small-to-medium size businesses in target sectors, and selected specialty finance receivables. Axos Financial, Inc.’s common stock is listed on the NYSE under the symbol “AX” and is a component of the Russell 2000® Index, the KBW Nasdaq Financial Technology Index, and the S&P SmallCap 600® Index. For more information about Axos Bank, please visit www.axosbank.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210506005408/en/

FAQ

What recognition did Axos Bank's Business Interest Checking account receive?

Axos Bank's Business Interest Checking was named America’s Best Business Checking Account by WalletHub.

What is the interest rate for Axos Bank's Business Interest Checking account?

Customers can earn up to 0.81% Annual Percentage Yield (APY) with the Business Interest Checking account.

Is there a welcome bonus for new customers at Axos Bank?

Yes, new customers can receive a $100 welcome bonus if they open a Business Interest Checking account by June 30, 2021.

What is required to avoid the monthly fee on the Business Interest Checking account?

To avoid the $10 monthly maintenance fee, customers must maintain an average daily balance of at least $5,000.

What is the minimum opening deposit for the Business Interest Checking account?

The minimum opening deposit for the Business Interest Checking account is $100.