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Axos Bank Basic Business Checking Account -
Axos Bank Business Savings Account
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Axos Bank Business CD
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Axos Bank Business Money Market Account
Overall bank rating
| Feature | Insider rating (out of 5) |
| Business checking | 4.25 |
| Business savings | 3.75 |
| Business CD | 3.5 |
| Business money market account | 3.75 |
| Trustworthiness | 5 |
| Total | 4 |
Pros and cons
| Pros | Cons |
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Business checking
The Axos Bank Basic Business Checking Account is on our list of the best free business checking accounts. There are no monthly service fees, and you can make unlimited free transactions each month. Axos also refunds all out-of-network ATM fees, and you could qualify for up to $200 bonus.
Axos also has a high-yield business checking account called Axos Business Interest Checking. It might be the better fit if you need to make fewer monthly transactions and if you qualify to waive the monthly fee. It also offers a bonus of up to $200 to eligible customers.
Business savings
The Axos Bank Business Savings Account pays a good interest rate, although you may find higher rates with other online institutions. You may like this account if you can maintain an average daily balance of $2,500, because then you'll waive the $5 monthly service fee.
Business CD
The Axos Bank Business CD pays decent interest rates, and it could be a good fit if you have $1,000 to open an account.
Business money market account
The Axos Bank Business Money Market Account includes paper checks and a debit card, making it easy to access your company's savings if necessary. You might like the account if you can keep a $5,000 balance to waive the $10 monthly service fee.
How Axos business banking works
Axos Bank is an online bank with both business and personal banking products.
To speak to a customer service representative, you can call Axos 24/7. You can also chat online with the automated representative, Evo, which will direct you to a live agent if it can't answer your question.
The bank's mobile app has 4.7 out of 5 stars in the Apple store, and 4.4 out of 5 stars in the Google Play store.
Your business banking deposits are FDIC insured for up to $250,000, or up to $500,000 for joint accounts.
Is Axos trustworthy?
Axos Bank doesn't have any public controversies.
The Better Business Bureau gives Axos an A+ in trustworthiness. A good BBB grade indicates that a company responds effectively to customer complaints, advertises honestly, and is transparent about business practices.
A strong BBB score doesn't guarantee you'll have a strong relationship with a bank, though. You may want to read online customer reviews or ask other business owners about their experiences with Axos Bank.
We've compared Axos to two other online business banking solutions: Bluevine and NBKC.
Axos Bank vs. Bluevine
Bluevine only offers a checking account, so you may prefer Axos for more types of business accounts.
You might like BlueVine if you would like to earn a competitive interest rate on balances up to $100,000.
Axos Bank vs. NBKC Bank
NBKC and Axos Bank both offer solid options on multiple business banking accounts, so your decision between the two may rest on what you prioritize more. NBKC Bank doesn't have monthly service fees or minimum deposits on its accounts; you'll also have a Debit MasterCard included on either account.
Axos Bank offers a better APY than NBKC on its saving and money market accounts, but it imposes a monthly service fee unless you maintain a certain amount of money in your account.
The Axos Bank Basic Business Checking Account provides unlimited ATM fee refunds but has a 200 monthly transaction limit.
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Please note: While the offers mentioned above are accurate at the time of publication, they're subject to change at any time and may have changed, or may no longer be available.
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