Axos is an online bank offering a variety of checking, savings and banking products. It’s known to feature great bank account bonuses. In the past, Axos had offered a bonus of up to $500 for one of its personal checking accounts. Historically, most Axos’ bonuses have direct deposit, balance or activity requirements you must meet before you can collect bonus cash.
| Bonus type | Bonus amount | Requirements | Learn more |
|---|---|---|---|
| Referral bonus | $50 for each referrer and referred person | Successful referral for an Axos Essential Checking or Rewards Checking account. Requires use of unique referral link in Axos account, and referred person must fund the with at least $1,000 in direct deposits within 90 days of opening. | Read Review |
| Basic Business Checking or Business Interest Checking new customer bonus | $300 or $400 | Enter promo code NEW400 upon opening.
|
One of Axos Bank’s easiest bank account bonuses to earn is the referral bonus, since it requires minimal effort on your end.
As the referrer, you must either have the Axos Essential Checking or the Axos Rewards Checking account and send a unique referral link for someone to use upon signup. The referred person has to set up direct deposit and deposit at least $1,000 within 90 days. Afterward, both you and the referred person earn the $50. Compared to other bank account bonuses, these bonus requirements are well within what we’d consider reasonable.
If you need a business checking account, the $300 or $400 bonus for either the Basic Business Checking or Business Interest Checking accounts is up for grabs. However, both bonus offers require maintaining high balances and meeting specific debit card activity thresholds.
Axos ONE
The Axos ONE account is an all-in-one digital account, complete with checking and savings. Earn high APYs on both checking and savings balances after meeting deposit and balance requirements.
Axos frequently offers new customer and direct deposit bonuses, but many require setting up direct deposit, holding a certain balance or performing a minimum number of transactions. However, that’s not unique to Axos — most bank account bonuses have specific requirements to obtain that tasty bonus cash.
Check out the best bank account bonuses if Axos isn’t what you’re looking for.
| Bank | Bonus offer | More info |
|---|---|---|
| PNC | Up to $1,000 | Learn more |
| Fifth Third Bank | Up to $300 | Learn more |
| SoFi® | Up to $300 | Learn more |
| Discover® Online Savings Account | Up to $200 | Learn more |
| Upgrade | Up to $200 | Learn more |
| Chime | Up to $100 | Learn more |
| Varo | Up to $25 | Learn more |
The $500 bonus for the Axos Rewards Checking Account expired in July 2024. The highest available bonus at Axos currently is the $400 bonus for select business bank accounts, as of November 2024.
In nearly every case, new customer bank account bonuses are not immediate. You’ll probably need to meet specific requirements before earning the bonus cash, such as setting up direct deposit, referring someone to open a new account or maintaining a certain balance over a set period.
After you’ve met bonus requirements, banks typically send out bonus cash within two weeks to one month, though delivery times vary by bank.
Axos is a legitimate online bank. It originally launched as Bank of Internet USA in the early 2000s and is now known as Axos Bank. It is FDIC-insured, meaning its deposit accounts are protected up to $250,000 per depositor.
No, Axos does not currently support the money transfer service Zelle. However, you can use the Zelle app on its own, and there are over 2,000 banks and credit unions integrated with Zelle. Compare top banks that support Zelle.
SoFi, Fizz, Capital One, Chase, Discover and Revolut have some of the best student bank accounts for savings, checking and building credit.
Fifth Third Bank currently offers a $325 checking account bonus when you open a new account and set up qualifying direct deposits.
Some of the top alternatives to a SoFi bank account include Current, Varo, Axos, PNC, Ally, Discover, One and Greenlight.
Top online banks like Chime include Varo, SoFi, Current, Axos, Capital One, Step, Dave and Fizz. See how these Chime alternatives compare.
A breakdown of every bank collapse since 2000.
Tracking the Fed funds rate from 1954 to now.
A financial app with cash advances, banking and budgeting tools.
U.S. Bank offers 24/7 customer service and a student checking account, though Bank of America has higher interest rates.
Weigh the pros and cons of two of the biggest banks in the US
See the online banks Ally and Marcus stack up against each other.
