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Jarod
Jarod

DP:
8.24.22 – opened business checking
9.12.22 – $5000 deposit posted
10.2.22 – $200 bonus credited

A
A

Does anyone know which website offer open business account cash back? Thanks!

Brian
Brian

DP: received $200 in both checking and savings on 8/31.

ted
ted

Was there a different offer in the past for $200 in each checking and savings for a $400 total?

Jarod
Jarod

Quick DP: I had a phone call scheduled with a rep, but missed the call. Rep just left a message saying they had no questions, and shortly after I got an email saying the account was opened. So the call might not be strictly required. I applied just as a Sole Prop, no “official” business

Sammy
Sammy

Easiest, but also ironically stressful $200 bonus from Axos Business along with great customer support. They deposited the bonus into my account on 7/31 under “Cashback Deposit”. I opened the account and deposited $2,500 into my account. However, I failed to realize I misread the bonus terms as the business account needed a AVERAGE DAILY LEDGER BALANCE of $2,500. They include the days the account from when the account is opened. To top it all off, my account was locked for a week post opening due to being unable to login without the physical card number and stupidly typing the login password incorrectly which added to this time and I needed to deposit more funds to meet the terms. Trying to verify the external transfer account with the routing and account number was slow as I wasn’t able to go through Plaid. By this time, the bank statement had cut and my daily ledger balance was $2,200. I notified customer support through their secure message and they stated they’d work with me on the bonus despite being disqualified on the terms at the time (this surprised me as most banks that I contacted for other bonuses which I disqualified myself from would not budge such as Stanford, First Tech, and Impossible Bank come to mind).

ShawntheShawn

Opened biz checking and biz savings at the same time with the promo code NEWBIZ200 in June (started from Rakuten), received $200 bonus to biz checking and $200 bonus to biz savings on 07/31/22, plus $100 from Rakuten. So this can be turned into a $500 sweet deal. Thanks to Ben’s DP reporting double-dip on checking and savings.

Baked
Baked

ShawntheShawn Don’t see the Axos biz on Rakuten now. If I’m missing something, can you send link ? Also found similar on MaxRebates, pls let me know if this akin to what you did on Rakuten.
https://www.maxrebates.com/us/stores/Axos-Bank?t=cashbackmonitor&invited_code=8251963

ShawntheShawn

This is my old DP: https://www.doctorofcredit.com/axos-bank-100-business-checking-bonus-business-must-be-incorporated-after-6-1-20/#comment-1399405. I got $50 for biz checking plus $50 for savings=$100 from Rakuten. I do not see the biz checking offer on Rakuten now. Be careful with MaxRebates, I think one reader reported that it did not track. Baked

Ostrich Rider
Ostrich Rider

06/20/22 – Applied online
06/29/22 – Opened with “NEWBIZ200” promo to Basic Business Account, after speaking with rep. from bank
07/01/22 – $2600 funding posted to account
07/31/22 – $200 Bonus (shows date of tomorrow, 7/31)

Received Axos Invest and Checking Bonuses recently, also. No problems with Axos. Easy Bonuses.
No transactions, just left the $2600 in the account.

Erik
Erik

Both P1 & P2 opened Checking and Savings accounts on 5/18/22 using SSN. Very easy opening process. I was told that I will only get the $200 bonus for the Checking account. However, we got the bonuses for both the Checking and Savings accounts (thanks Ben ) on 6/30/22 = statement closing date!

Now some reps have told me that I can get another bonus if I open another business using my EIN. I even got it in writing…. Other reps have said that it is not correct. We applied anyway. Let’s see…

AC
AC

A quick share on my experience opening a business account as a sole proprietorship at Axos Bank.
– 6/28 opened as a sole proprietorship online and it went pending. Received an email from Axos to schedule a call with an advisor to discuss the business.
– 6/29 received a call from the advisor and was asked to submit my DD photo which I did after the application process but she said she needed a more clear photo. I was asked to provide my business detail (I own an ebay store) and she was able to submit my info to the system and the account was opened later that day. I’m based in CA so maybe it’s easier to open? I did confirm my promo code was attached to my application.
– 6/30 was able to set up an online account. I did check to open the personal checking account ($100 promo) during the process but my personal checking account never opened.
– 7/1 called back to inquire about a personal checking account and was told nothing in the system and the $100 promo ended on 6/30. Will open it when there is a promo.

Overall a very easy and pleasant process. I didn’t need to provide any DBA or utility bills.

BT
BT

I tried both codes and they were invalid.