Axos Bank Promotions and Promo Codes for 2023

Most of us manage our money online or via our smartphones. With these Axos Bank promotions, you can earn more for taking care of your finances.

Disclosure: This post may contain affiliate links, meaning I get a commission if you decide to make a purchase or sign up through my links, at no cost to you. Please read our disclaimer for more info.

Axos Bank and others like it signal a shift in the banking industry from traditional banks with brick-and-mortar locations to online-only banks that only interact with their customers through the internet. While some might prefer to deal with traditional banks that they can see and visit whenever they choose, digital banks can help customers across the nation manage their money in several different ways. 

Established in 2000, Axos Bank has over 20 years of experience working with its customers through a digital interface. The bank is based in California and offers both personal and business bank accounts, savings accounts, and CDs. You can also apply for personal, auto, and home loans through Axos Bank, or try your hand at investing with Axos Invest. With so many options to choose from, taking advantage of Axos Bank promotions can help you narrow down your choices. 

Our list of the best Axos Bank promotions features everything from rewards checking accounts to business checking and savings accounts. Each account offers a competitive rate and plenty of perks to help you make the most of your finances. Unlike some of the major traditional banks, you can also qualify for bonuses without having to deposit tens of thousands of dollars, too. In short, Axos Bank makes it affordable to manage your financial assets with plenty of accounts and promotions to choose from. 

Are you ready to find out what Axos Bank promotions you can take advantage of? Let’s get started!

$100 bonus
Axos Bank® Rewards Checking
5.0

A free account with unlimited ATM fee reimbursements. You don't have to worry about keeping a minimum balance with Axos' Rewards Checking. As with the bank's other checking accounts, there are no monthly fees, and all fees charged by domestic ATM operators are reimbursed. Axos doesn't charge any ATM fees itself.

Open Account

Perks of Online-Only Banks like Axos Bank

Many online-only banks can offer several benefits not available from traditional banks. Perhaps it’s all that overhead they avoid from keeping everything on the internet. Here are a few more benefits of working with an online-only bank: 

  • Competitive interest rates
  • Lower fees
  • Low to no minimum opening deposits
  • Streamlined app user experience
  • One-stop shop for a variety of financial needs
  • Tools for money management, including budgeting, saving, and investing
  • 24/7 operating hours 
  • The convenience of banking nearly anywhere
  • Strict security measures for keeping your information safe 

At the same time, online-only banks can be tricky when it comes time to deposit cash. Some digital banks will allow you to deposit funds through an ATM, while others require you to visit a specific location. If depositing cash is something you’re worried about, find a digital bank that offers this perk specifically before you sign up for an account.

Best Axos Bank Promotions 

Axos Bank offers several different types of accounts and is one of the best banks for freelancers. For example, you can open an Axos Essential Checking account with no opening deposit or minimum balance without paying a single monthly maintenance fee. Here are a few more Axos Bank promotions to consider.

1. Rewards Checking

We named the Axos Rewards Checking account as one of the best checking accounts, and with $100 up for grabs, it’s not hard to see why.

This personal checking account comes with no monthly maintenance fees, overdraft fees, or non-sufficient funds fees. You’ll also get unlimited reimbursements for any ATM fees you incur. All you need to open the account is $50. 

Obtaining the $100 bonus, however, does require you to act before April 12, 2023. You’ll need to open the account with promo code “RC100” and set up a direct deposit of at least $1,500.

Fund the account within 60 days and receive direct deposits of $1,500 or more each month for three calendar months to earn your bonus. It’s typically credited within 10 days of completing these requirements. 

Axos Bank also allows you to earn up to 1.25% APY on your checking account balance, but there are additional requirements to meet here as well. 

$100 bonus
Axos Bank® Rewards Checking
5.0

A free account with unlimited ATM fee reimbursements. You don't have to worry about keeping a minimum balance with Axos' Rewards Checking. As with the bank's other checking accounts, there are no monthly fees, and all fees charged by domestic ATM operators are reimbursed. Axos doesn't charge any ATM fees itself.

Open Account

2. Self-Directed Trading

Axos Invest is a great way to begin your investing journey, especially if you’re interested in self-directed trading.

With the Self-Directed Trading account, you won’t pay commissions on stocks or ETFs, and there are no annual fees. Plus, you can transfer funds from another broker if you’d like.  

Axos Bank allows you to earn a $200 bonus for choosing either Self-Directed Trading or a Managed Portfolio, which is Axos’ robo-advisor option.

A $500 minimum balance is required to open the account, but you’ll have to invest at least $2,000 within the first 60 days to earn this reward.

Maintain that balance for at least 90 days and make two trades of $25 or more (Self-Directed Trading only) to earn $200. Axos deposits your bonus within 10 days after fulfilling the requirements. 

With an Axos Invest account, you’ll pay 0.24% advisory fees but benefit from free tax loss harvesting and automatic rebalancing.

This Axos Bank promotion won’t last long, however, so open an account before the end of February 2023 to earn $200.

Click here to claim offer at Axos

3. Business Savings

Some of the best digital banks offer competitive rates on their savings accounts, and Axos Bank is no exception.

The Business Savings account comes with free image statements and no monthly maintenance fees as long as you maintain a $2,500 minimum daily balance. If your balance falls below this amount, the monthly fee is only $5. 

To earn $200 for opening a new Business Savings account, you’ll need to use the promo code “NEWBIZ200.” This code will only work if you incorporated your business after June 1, 2020. If you incorporated your business after this date, you can use the code “NEWAXOSBIZ” to earn $100. 

Qualifying for the $200 bonus requires a minimum daily balance of $2,500 for the first two months.

You’ll also need a $1,000 minimum deposit. Open the new account before March 31, 2023, to take advantage of an extra $200.

You can also earn 0.2% APY on your balance, which compounds daily. Once these requirements have been fulfilled, Axos will deposit your bonus within five business days.

Click here to claim offer at Axos

4. Basic Business Checking

The Basic Business Checking account from Axos Bank rewards you $200 when you complete the requirements outlined above for the Business Savings account.

This includes using promo codes to open the account based on when your business was incorporated. The offer also expires at the end of March 2023 as well. 

In addition to the many benefits Axos Bank offers its business customers, this specific account includes no initial deposit, minimum balance requirements, or monthly fees.

You can make cash deposits via any MoneyPass or AllPoint ATM and get reimbursed for any fees you incur with no limit. Plus, you’ll also get two reimbursed domestic wire fees per month on top of that. 

Click here to claim offer at Axos

5. Business Money Market

The Business Savings, Basic Business Checking, and Business Money Market account all have the same requirements when it comes to earning $200 for a new business account with Axos Bank.

The difference with the Business Money Market account over a business savings account is that you can earn 0.2% APY and waive the $10 monthly fee, but you’ll need to have a minimum balance of $5,000 or more.

You also have to have $1,000 to open the account as well. Act before March 31, 2023, to qualify. 

Click here to claim offer at Axos

6. Business Interest Checking

The same $200 is up for grabs with a Business Interest Checking account as well.

Use either the promo code “NEWBIZ200” or “NEWAXOSBIZ” to get up to $200 for your new account. You can earn up to 1.01% APY on your balance and your first set of 50 checks is free.

You’ll only need to fund the account with $100 and act before the end of March 2023 to get started.

Additional perks include up to 100 free items per month, up to 60 items per month for remote deposit, and a Visa debit card with benefits.

ATM fees are always reimbursed and there’s no monthly maintenance fee if you have a $5,000 minimum average daily balance.

Drop below that and the monthly fee is only $10 per month. Axos Business Interest Checking is also compatible with QuickBooks. 

Click here to claim offer at Axos

7. Business Premium Savings

Though you’re seeing similar offers for each of the Business accounts from Axos Bank, the difference lies in what you want to use that business bank account for specifically.

The Basic Business Checking account will get you started, but choosing between the Interest and Savings accounts is a matter of details.

For example, with the Business Premium Savings, you can still earn 0.2% APY, but you’ll need a $25,000 opening deposit.

The time limit for this $200 offer still stands as March 31, 2023, as well. 

Though you will need a sizable chunk of money to fund this account, there’s no minimum daily average balance required.

Axos doesn’t charge a monthly fee for this account either. Additional benefits include free image statements and online banking, as well as the ability to deposit remotely from wherever you are. 

Click here to claim offer at Axos

Alternative Bank Promotions

Many other online-only and traditional banks offer promotions for their best bank accounts. Here are a few you can take advantage of or even compare to those above from Axos Bank:

Fifth Third Momentum® Banking
  • Pros:
    • Make direct deposits totaling $500 or more within 90 days of account opening.
Chase Total Checking®
  • Pros:
    • Open account and set up direct deposit within 90 days of coupon enrollment.
Albert Cash Account
  • Pros:
    • Open account and receive a direct deposit within 45 days and use your Albert debit card.
Fifth Third Momentum® Banking
Pros:
  • Make direct deposits totaling $500 or more within 90 days of account opening.
Chase Total Checking®
Pros:
  • Open account and set up direct deposit within 90 days of coupon enrollment.
Albert Cash Account
Pros:
  • Open account and receive a direct deposit within 45 days and use your Albert debit card.
  • Albert: With a new Albert checking account, you can earn $150 when you set up direct deposits of $500 or more within 45 days of opening the account and spend $200 or more every 30 days for 90 days. There’s no expiration on this promotional offer from Albert. 
  • Bank of America: This traditional bank has one of the best banking apps out there. You can earn $100 for opening a new account and setting up direct deposits of $1,000 or more within 90 days. You can also waive the monthly fee and choose between three different accounts. The offer expires on June 30, 2023.  
  • Chase Total Checking: Chase does charge a $12 monthly fee for this account, but you can waive it with deposits of $500 or more and earn $200 at the same time. Open the account before April 19, 2023, to qualify for this promotion. 
  • American Express: We named the American Express Platinum card one of the best credit cards because it offers so many perks. For example, you can earn 80,000 Membership Rewards points if you spend $6,000 or more on purchases in the first six months.
  • Citi Priority Account: Open a new account by April 4, 2023, to earn up to $2,000. All you have to do is deposit $10,000 within 20 days and keep it there for 60 days after the 21st day of account ownership. Bonuses are tiered based on how much you deposit, so there is potential to earn more in rewards. 
  • Discover Online Savings Account: Use promo code “WH323” to open a new Discover Online Savings Account and earn up to $200. To get the $200 reward, you’ll need to deposit $25,0000 or more. If you can only deposit $15,000, you’ll still earn $150, though you’ll need to make the deposits by March 15, 2023, to qualify. 

Between Axos Bank and these promotional offers, there are many ways you can earn money for opening a new account. 

FAQs

What Axos Bank promotions can I take advantage of?

Axos Bank offers many promotions you can take advantage of. When you open one of many business banking accounts, you can earn up to $200 by depositing a specific amount. You can also earn $100 for opening a personal Rewards checking account.

Is banking with Axos safe? 

Yes, banking with Axos is safe. This online-only bank has been in the business for over two decades and continues to offer its customers a comparable experience to working with traditional banks. 

Can you deposit cash with an Axos Bank account? 

Yes, you can deposit cash with an Axos Bank account. You’ll need to visit a retail location that allows you to load cash onto your card at the register. Most CVS, Dollar General, and Walgreens locations allow you to do this. 

Find a New Way to Bank with Axos Bank Promotions

Banking online and through your smartphone makes it easier to manage your money and pay your bills. With Axos Bank, you get rewarded for opening a new account, whether it’s for personal or business use. We hope this article has helped you to find the best Axos account for you based on your needs. Managing money can be difficult, but with the promotions Axos Bank offers, it pays to play. How will you use your new bonus? 

Explore these resources for quick cash

These apps help you get your paycheck early and can help you borrow money instantly. I mean you worked today, get paid today.

#1
  • MMG rating:
  • Fees: $8/mo
  • Pros:
    • App Store: 4.9 – ‎136k reviews
    • Bonus: $150 welcome bonus
#2
  • MMG rating:
  • Fees: $8/mo
  • Pros:
    • App Store: 4.8 – ‎86k reviews
    • Receive up to $250 today
#1
MMG rating:
Fees: $8/mo
Pros:
  • App Store: 4.9 – ‎136k reviews
  • Bonus: $150 welcome bonus
#2
MMG rating:
Fees: $8/mo
Pros:
  • App Store: 4.8 – ‎86k reviews
  • Receive up to $250 today

About the author

Brian Meiggs
Brian Meiggs is a personal finance expert, and the founder of My Millennial Guide, a personal finance site helping you put more money in your pocket. He helps millennials follow the smart money in order to increase their earning potential and start building wealth for the future. He regularly writes about side hustles, investing, and general personal finance topics aimed to help anyone earn more, pay off debt, and reach financial freedom. He has been quoted as a top personal finance blogger in major publications including Yahoo! Finance, NASDAQ, Discover, MSN Money and more.

On a similar note...

Explore More On