Credit Compound

Axos Bank

Axos Bank Basic Business Checking

A real chartered bank with free checking and unlimited ATM refunds

8.0
Our Rating
APY
None on Basic; Business Interest Checking pays 1.01% under $50k (then 0.10-0.20%)
Monthly Fee
$0 (Basic)
Minimum to Open
None for Basic; $100 for Business Interest Checking
ATM Access
Use any US ATM; Axos reimburses domestic operator fees without limit

Insurance: Direct FDIC coverage as a chartered bank ($250k standard), expandable to $265 million via IntraFi Insured Cash Sweep

Plan Options

Basic Business Checking

$0

  • ▸Unlimited transactions and unlimited domestic ATM fee reimbursements
  • ▸Free incoming domestic and international wires
  • ▸QuickBooks sync with automatic categorization

Business Interest Checking

$10, waived with $5,000 average daily balance

1.01% on $0-$50k, 0.20% to $250k, 0.10% above

  • ▸Interest-bearing checking with a $100 opening deposit
  • ▸Unlimited domestic ATM fee reimbursements
  • ▸Relationship pricing for $5M+ balances

Features

  • ▸Direct FDIC insurance as a chartered bank, no fintech middle layer
  • ▸Unlimited domestic ATM fee reimbursements on both accounts
  • ▸Free incoming domestic and international wires
  • ▸IntraFi sweep available up to $265M in coverage
  • ▸Live welcome bonuses: $200 with code START200, or up to $600 bundled with Business Premium Savings (code SBB600), through 6/30/2026

Pros

  • +Unlimited ATM refunds beat every fintech's network story
  • +Real bank charter removes partner-bank counterparty risk
  • +Free incoming international wires are unusual at $0/month
  • +Current $200-$600 new-account bonuses sweeten the open

Cons

  • −Basic pays no interest, and Interest Checking's best rate dies above $50k
  • −Online-only with awkward cash deposit options
  • −Slower, more traditional underwriting than fintech rivals
  • −Software and integrations feel dated next to Mercury or Relay

Our Take

Axos is the conservative pick: a genuine chartered bank with free checking, unlimited ATM refunds, and bonuses running most of the year. The Interest Checking tiers are upside down, paying the most on the smallest balances, so do not bring it six figures expecting yield. Open Basic with the bonus code, keep your cash-heavy or risk-averse operations here, and chase APY elsewhere.

Best for: Owners who want a real bank charter, ATM refunds, and a signup bonus

Open at Axos Bank →

Last verified 2026-06-11

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