Extended to 1/31/2025
Update 10/24/24: Can stack this with another $150 bonus from bankbonus.com
Update: As the comments point out, not worth it as you need a $70,000 balance to get the $375 bonus. Otherwise it’s only $225.
Offer at a glance
- Maximum bonus amount: $375
- Availability: Nationwide
- Deposit required: $30,000
- APY: 4% APY
- Hard/soft pull: Soft pull
- ChexSystems: Yes
- Credit card funding: No
- Monthly fees: None
- Early account termination fee: $50, 180 days
- Household limit: None listed
- Expiration date: 12/31/24
Contents
The Offer
- Axos Bank is offering a business savings bonus of up to $375. Earn a $75 monthly bonus when you have an average daily balance of $30,000+ or have an average balance of $75,000 to earn $125. Must use promo code BPS375
The Fine Print
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
This account has no monthly fees to worry about.
Early Account Termination Fee
Account must be kept open for 180 days otherwise a $50 fee will apply.
Our Verdict
Update: As the comments point out, not worth it as you need a $70,000 balance to get the $375 bonus. Otherwise it’s only $225.
If you have exactly $30,000 in the account this works out to be 7% APY with the 4% base rate and the $75 monthly bonus. Worth considering especially with rates falling if you have a large balance that you’d like to tie up for a few months.
Hat tip to Dane
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
- PSA: Don’t Call The Bank
- Introduction To ChexSystems
- Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
- What Banks & Credit Unions Do/Don’t Pull ChexSystems?
- How To Use Our Direct Deposit Page For Bank Bonuses Page
- Common Bank Bonus Misconceptions + Why You Should Give Them A Go
- How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
- Affiliate Links & Bank Bonuses – We Won’t Be Using Them
- Complete List Of Ways To Close Bank Accounts At Each Bank
- Banks That Allow/Don’t Allow Out Of State Checking Applications
- Bank Bonus Posting Times
View Comments (100)
Hooray, your $150 reward is here!
Got the BankBonus.com $150 bonus email just now
Opened acct with bankbonus $150 promo on 10/28/24
12/01: $75 cashback credit
12/31: $75 cashback credit
12/29: $150 bankbonus; redeemed with visa gift
02/02: $150 cashback credit, was expecting $75. No complaints though.
Not sure why my bonus is $150 on 2/2/2025
02/02/2025 CashBack Credit $150.00
12/31/2024 CashBack Credit $75.00
12/01/2024 CashBack Credit $75.00
Axos appears to have extended this offer to 9/30/2025. However, BankBonus.com says their stacking offer expired on 11/30/2024.
12/03/24 - Account opened via BankBonus email link
12/04/24 - $2000 funded into account
12/06/24 - Received email from BankBonus confirming requirements have been met and bonus should be received by Feb 3, 2025
01/30/25 - Received email with $150 bonus, redeemed for Visa gift card
Was it your first ever Axos account? I'm just wondering why a lot of datapoints some people were denied the bonus from BankBonus.
No, I had a business savings account with them before that I closed two years ago. BankBonus uses a tracking cookie similar to every other cashback site. If your browser has anything that will interfere with tracking, that could lead to complications.
makes sense. thanks for the dp!
This bonus is still available through 1/31/2025
is it better to do the up to $400 basic biz checking instead? debating on which to choose
No. The effective APY of the first stage (25k) of the business checking offer is about 4.6%. The first stage (30k) of the business savings offer is about 7.0%. If BankBonus.com brings back their $150 gift card, it jumps to about 9.0%.
link?
Never got $150 bonus. Contacted bankbonus.com and they got back saying Axos team said my account is not eligible.
Same thing here. And no reason given on why it is not eligible. They are behaving like scammers. Plus, I got the $75 bonus for Nov but not Dec - strange. Will definitely fight for this
They got back to me saying Axos denied the bonus!
I got the same run around for the $150 GC. This is unacceptable. If we get enough people complaining, they will probably listen - I don't think they want a class action.
This is still available through 1/31.
Does anyone know if you can get a personal and business bonus in the same year? The terms are unclear.
I am currently doing the $150 Bank Bonus promotion (first time with BankBonus.com). The $2K deposit went into my account two days ago and I just got the email confirming that I've met all of the requirements for the $150 bonus and my expected payout date is by February 2025.
Is it now safe for me to withdraw the funds out of the account? Was planning on leaving a small balance in there, so it doesn't get automatically closed.