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Axos Bank Business Interest Checking Named America’s Best Business Checking Account for Two Consecutive Years

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Axos Bank has been recognized for the second consecutive year as America’s Best Business Checking Account Overall by WalletHub. The assessment compared over 250 small business banking options based on factors like interest rates, rewards, and fees. Axos Bank's Business Interest Checking account offers customers up to 0.81% APY and eliminates the $10 monthly fee with a minimum balance of $5,000. New small business owners are eligible for a $200 bonus by maintaining a balance of $2,500 for two months. Axos Bank has over $16 billion in assets and is part of Axos Financial (ticker: AX).

Positive
  • Recognized as America's Best Business Checking Account Overall by WalletHub for two consecutive years.
  • Business Interest Checking account offers up to 0.81% APY and eliminates monthly fees with a $5,000 balance.
  • New businesses can earn a $200 bonus by maintaining a $2,500 average balance.
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  • None.

WalletHub’s editors compared more than 250 small business checking and savings accounts

SAN DIEGO--(BUSINESS WIRE)-- For the second year in a row, Axos Bank’s Business Interest Checking account is America’s Best Business Checking Account Overall. Editors of the personal finance website WalletHub chose Axos Bank after evaluating more than 250 checking and savings accounts to find the best offers for businesses overall, as well as those with the highest interest rates, best rewards, lowest fees and more.

“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 100 free account transactions per month.

New small business owners who incorporated their businesses after June 1, 2020, are eligible to receive a $200 welcome bonus for opening a Business Interest Checking account with Axos. To qualify, customers must apply for the account by June 30, 2022, must use promo code NEWBIZ200 on their application, and must maintain an average daily account balance of at least $2,500 in the first two months after account opening. Other businesses can use promo code NEWAXOSBIZ for a $100 bonus. The minimum opening amount for Business Interest Checking accounts is $100.

About Axos Bank

Born digital, Axos Bank empowers smarter money choices by offering a full suite of banking, investing and personal financial management tools in one convenient place. Through its proprietary online banking platform, Axos gives customers access to a range of award-winning banking products built around competitive interest rates and no-to-low fees. Axos Bank holds over $16 billion in assets and is a wholly owned unit of Axos Financial, whose 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.

Aubree Thompson

Corporate Communications

Axos Bank

Phone: 405-615-3845

Email: ANThompson@axosbank.com

Source: Axos Bank

FAQ

What recognition did Axos Bank receive in 2023?

Axos Bank was named America’s Best Business Checking Account Overall for the second year by WalletHub.

What are the benefits of the Business Interest Checking account from Axos Bank?

The account offers up to 0.81% APY, no monthly maintenance fee with a $5,000 balance, and unlimited ATM fee reimbursements.

What bonuses are available for new small business owners with Axos Bank?

New small business owners can receive a $200 welcome bonus by maintaining a $2,500 balance for two months.

What is the minimum balance required to avoid fees on the Business Interest Checking account?

An average daily balance of at least $5,000 is needed to avoid the $10 monthly maintenance fee.

What is the stock symbol for Axos Financial?

Axos Financial is listed under the stock symbol AX.

Axos Financial, Inc.

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Banks - Regional
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United States of America
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