Axos Bank $600 Business Checking & Savings Bonus

Offer at a glance

Maximum bonus amount: $375
Availability: Nationwide
Deposit required: $50,000
APY: 3.8% 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: 6/30/2026

Contents

1 The Offer
2 The Fine Print
3 Avoiding Fees
- 3.1 Monthly Fees
- 3.2 Early Account Termination Fee
4 Our Verdict

The Offer

Direct link to offer

Axos Bank is offering a $600 bonus when you open a new business checking & savings account with promo code SBB600. Meet the following requirements over six months:
- Deposit $1,000 or more (via ACH, check, or wire) into their Basic Business Checking account from an external source
- Use the debit card associated with their Basic Business Checking account to make 2 or more approved purchases of at least $50 for each transaction
- Maintain an average daily balance of at least $1,500 in the Basic Business Checking account
- Maintain an average daily balance of at least $50,000 in the Business Premium Savings account

The Fine Print

Axos Small Business Banking Cash Bonus Promotion Terms The following terms and conditions (the “Terms”) apply to the Axos Small Business Banking Cash Bonus Promotion, which allows eligible businesses (as defined below) to earn up to $600 on their Basic Business Checking account over 6 statement cycles after account opening by completing the required actions described below.
Promotion Period: October 9th, 2025 at 12:00 a.m. E.T. – June 30, 2026 at 11:59 p.m. E.T.
Who is eligible for the Cash Bonus Promotion?
To be eligible to qualify for the Cash Bonus Promotion, a business must:
Become a new Axos business customer in the Promotion Period (10/9/2025 – 6/30/2026)Apply and be approved for a Business Premium Savings account AND a Basic Business Checking account through a single application (bundle)
Enter the promo code (SBB600) in the Business Premium Savings / Basic Business Checking application
Not have qualified for any part of this, or another, Axos promotion on any account(s) within the last 12 months as of the date that the bundled accounts were opened
Businesses who have opened an Axos Small Business Banking account prior to the Promotion Period are not eligible for the Cash Bonus Promotion. Eligible businesses must complete the qualifying activities described below in each Statement Cycle in order to receive the cash bonus in that Statement Cycle.
What qualifying activities do I need to complete to earn the cash bonus?
To qualify for each cash bonus during an eligible Statement Cycle, an eligible business must meet the following requirements in each Qualification Period:
- Deposit $1,000 or more (via ACH, check, or wire) into their Basic Business Checking account from an external source
- Use the debit card associated with their Basic Business Checking account to make 2 or more approved purchases of at least $50 for each transaction
- Maintain an average daily balance of at least $1,500 in the Basic Business Checking account
- Maintain an average daily balance of at least $50,000 in the Business Premium Savings account
The Qualification Period begins on the first business day of the month and runs through the 25th of the month. If the 25th of the month is followed by a non-business day, the average daily balance will be calculated including the following non-business day(s). Any qualifying deposits received after the 25th of the month will count toward the next Qualification Period. The Qualification Period for new accounts will begin on the day the account is approved. New accounts opened on or after the 25th of the month will be eligible to earn the Cash Bonus starting in the following month.
Qualifying deposits only include deposits from the following eligible sources: (i) ACH transfers from external accounts, (ii) inbound wire transfers from external accounts, (iii) check deposits. Qualifying deposits do not include: (i) transfers internal to the bank (i.e., transfers between an account holder’s Checking and/or Savings account), (ii) interest payments, (iii) promotional bonuses, (iv) credits, reversals, and refunds.
Both accounts must be in an open and active status on the 25th of the month and on the date the Cash Bonus is paid to receive the Cash Bonus for that statement cycle. If either account closes during the Qualification Period, neither account will be eligible to earn the Cash Bonus for that statement cycle. Account transactions may take one or more business days from the transaction date to post to the account.
Additional Important Terms for the Axos Small Business Banking Cash Bonus Promotion
A business is eligible to qualify in the first 7 statement cycles after eligible accounts are opened.
An eligible business can qualify for the Cash Bonus for a maximum of 6 statement cycles.
If an eligible business meets the qualifications during the Qualification Period within a Statement Cycle, a payment of $100 will be credited to their Basic Business Checking account.
This $100 credit will be paid within the first 15 business days following the end of the Statement Cycle in which the eligible business qualified.
An eligible business can earn up to $600 in cash bonuses throughout the entirety of this promotion.
Only one promotional offer may apply to a business at any time. The Cash Bonus Promotion may not be combined with other promotional offers.
Promotion is non-transferable and limited to one account per business. Any subseque accounts opened by the business will not be eligible for the Cash Bonus Promo.
Axos reserves the right to modify, suspend, or terminate the Promotion at any time without notice.
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. Also need to keep open for six months to get the full bonus anyway.

Our Verdict

Savings account earns 3.8% APY, not as high as the best current rates but somewhat competitive. This bonus works out to be an extra 2.4% APY for a combined 6.2%. Personally think this is an easy pass considering the other requirements and better savings bonuses available.

Useful posts regarding bank bonuses: