Axos Bank Listed Among the Best Business Checking Accounts by Forbes Advisor

Rhea-AI Summary

Axos Bank, a subsidiary of Axos Financial, was recognized in Forbes Advisor's 'Best Business Checking Accounts of February 2024' for its top QuickBooks compatibility. Offering zero monthly fees, no minimum balance, and free incoming domestic wires, Axos stands out for its customer-centric approach and digital innovation.

SAN DIEGO--(BUSINESS WIRE)-- Axos Bank, the nationwide bank subsidiary of Axos Financial, Inc. (NYSE: AX), was named in Forbes Advisor’s “Best Business Checking Accounts of February 2024.” Axos ranked in the top banks for Best QuickBooks Compatibility. Forbes Advisor compared 50 checking accounts at 20 banks and credit unions to find the best business checking accounts available. Forbes Advisor also focused on checking accounts that are nationally available to small businesses.

“While other banks charge for basic services, our Basic Business Checking accounts have zero monthly maintenance fees, no minimum balance requirement, and free incoming domestic wires,” said Tim Chung, Senior Vice President, Head of Retail Banking and Lending at Axos Bank. “We also reimburse all domestic ATM fees for the account and, being a digital bank, we are able to adapt to our small business customers’ needs and innovate faster than traditional banks.”

Axos Bank was also recently named a Top Bank in America for “Best Checking Accounts” by bank review website GOBankingRates.com. For more information regarding the Forbes Advisor “Best Business Checking Accounts of February 2024,” visit https://www.forbes.com/advisor/banking/checking/best-business-checking-accounts/.

About Axos Bank

Axos Financial, Inc., with approximately $21.6 billion in consolidated assets as of December 31, 2023, is the holding company for Axos Bank, Axos Clearing LLC and Axos Invest, Inc. Axos Bank provides consumer and business banking products nationwide through its low-cost distribution channels and affinity partners. Axos Clearing LLC (including its business division Axos Advisor Services), with approximately $34.4 billion of assets under custody and/or administration as of December 31, 2023, and Axos Invest, Inc., provide comprehensive securities clearing services to introducing broker-dealers and registered investment advisor correspondents, and digital investment advisory services to retail investors, respectively. 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 S&P SmallCap 600^® Index, the KBW Nasdaq Financial Technology Index, and the Travillian Tech-Forward Bank Index. For more information regarding Axos Bank, please visit http://www.axosbank.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240212486354/en/

Johnny Lai, CFA

SVP, Corporate Development and Investor Relations

Axos Financial, Inc.

Phone: 1-858-649-2218

Email: jlai@axosfinancial.com

Source: Axos Financial, Inc.

FAQ

What recognition did Axos Bank receive in February 2024?

Axos Bank was named in Forbes Advisor's 'Best Business Checking Accounts of February 2024' for its top QuickBooks compatibility.

What are the key features of Axos Bank's Basic Business Checking accounts?

Axos Bank's Basic Business Checking accounts offer zero monthly maintenance fees, no minimum balance requirement, and free incoming domestic wires.

How does Axos Bank stand out from traditional banks?

Axos Bank differentiates itself by reimbursing all domestic ATM fees, adapting to small business needs, and innovating faster as a digital bank.

What other recognition did Axos Bank recently receive?

Axos Bank was also named a Top Bank in America for 'Best Checking Accounts' by GOBankingRates.com.