Axos Bank Basic Business Checking

Axos Bank Basic Business Checking is a no-fee business checking account with unlimited transactions and no transaction fees. Axos lists no monthly maintenance fee and no initial deposit or minimum balance requirement. The page does not state an APY. Axos reimburses domestic ATM fees without a cap, gives free incoming domestic and international wires, and reimburses two domestic outgoing wires each month. Other outgoing wire fees and ACH fees are not stated on the page. The account syncs with QuickBooks, runs through the Axos All-In-One mobile app for wires, bill pay and transfers, and is applied for fully online. There is a promotion: use code START200 and open the account by January 31, 2027 to earn $50 per calendar month, up to $200 total, by keeping an average daily balance of at least $3,000 in four of the first five statement cycles. The account must stay open 180 days or an early closure fee of up to $200 may apply, and eligibility is limited to new Axos Small Business customers whose business was formed less than a calendar year before applying. The bonus may be taxable and reported on Form 1099-MISC or 1099-INT. Deposits are FDIC insured up to $250,000, with Axos's Insured Cash Sweep through IntraFi able to expand coverage up to $265MM.