Latest news with #AxosBank
Yahoo
03-06-2025
- Business
- Yahoo
Best business bank account promos
Business bank accounts help small business owners separate their personal and business finances. Most business accounts also come with other benefits, such as access to credit lines, financial management tools, and ways to avoid maintenance and other fees. Many banks offer promotions to attract new customers, including cash bonuses for business checking accounts and promotional interest rates for business savings accounts. These offers can provide a nice financial boost if you meet the eligibility requirements. Just make sure to read the details carefully to ensure the account meets your business banking needs and you can qualify for the promo before signing up. The most common types of business account promos include: Cashback offers Membership rewards Higher interest rates Cashback and membership rewards are most common on business checking accounts, while business savings accounts typically come with promotional interest rates for the first few months of account opening. If you are prequalified for a bank promotion, you may receive an offer in the mail or by email. You can also search online to find bank promotions you may be interested in to see if you qualify. Some banks make it easy to find a promotional offer by displaying it on its home page. You can also search for the bank name and include 'promotional offer' in your search to find the most current promos that may not be displayed on the bank's website. This search may include personal and business bank account promos, but you can include 'business account' in your search to tailor the results to business banking promos only. Deciding whether a business account promotion is worth it comes down to a few key factors: Minimum requirements: Check if you can realistically meet the requirements, such as maintaining a certain balance or making a specific number of transactions, without straining your company's cash flow. Account fees: Make sure monthly maintenance or transaction fees don't wipe out the bonus amount. Check for low-fee account options or ways to waive fees. Long-term value: Consider if the account offers tools, services or interest rates that benefit your business long-term. Tax consequences: Many cash bonuses and promotional interest rates are reported on a 1099-INT, meaning they're taxable income. Factor this into your decision to avoid surprises at tax time. Bonus value vs effort: Consider how much time and effort it will take to earn the bonus and whether it's worth it. If the account fits your needs and the bonus adds value without added cost, it's likely worth it. The following banks offer some of the best business account promos for checking and savings accounts. Eligibility varies by bank and account type. Check the bank's website to see if you qualify. New Axos customers can earn up to $400 for opening an Axos Bank Business Checking Account or up to $375 for opening a Business Premier Savings account. Bonus details: Bonus amount: $200, $400, $375 Expiration date: September 30, 2025 Requirements to earn the bonus: Open a Basic Business Checking account online and use promo code START200 when signing up. You'll receive $50 cash back each month, totaling up to $200, when you maintain a minium average daily balance of $3,000 in the first few months of the account opening. Open a Basic Business or Business Interest Checking Account using promo NEW400 and maintain an average daily balance of $25,000 to $49,999.99 to earn $75 per statement cycle, up to $300, or $100 per statement cycle, up to $400, if you have an average daily balance of $50,000 or more. To qualify, you must make at least ten point-of-sale transitions of $3 or higher per month using your debit card for signature-based purchases. The account must stay open for at least 150 days and be in good standing to receive the incentive or incur a $400 early closure fee. Open a Business Premier Savings Account using promo code BPS375 to earn up to $375 in up to three payouts in the first four statement cycles. An average daily balance between $30,000 and $74,999.99 earns $75 per statement cycle, while a balance of $75,000 or more earns $125. The account must stay open for 120 days or incur a $375 early closure fee. When you'll get it: Within 10 business days of the statement cycle ending in which balance requirements are met. You can earn up to $500 after opening a Chase Business Complete Checking account online or at a local Chase branch. Bonus details: Bonus amount: $300, $500 Expiration date: July 27, 2025 Requirements to earn the bonus: Open a Chase Business Complete Checking account and deposit $2,000 of new money within 30 days of opening to earn $300 or $500 if you deposit $10,000 or more. You must maintain the balance for 60 days from enrollment and complete five qualifying transactions within 90 days of enrolling. When you'll get it: Within 15 days of completing all the requirements. New American Express Business Checking account members can receive 30,000 Membership Rewards points with qualifying activities. Bonus details: Bonus amount: 30,000 Membership Rewards points Expiration date: Not disclosed Requirements to earn the bonus: Open an American Express Business Checking account and deposit at least $5,000 within the first thirty days of opening the account. Deposits from American Express deposit accounts you own, interest payments and Redeem Membership Rewards Points for Deposits feature are not eligible. You must maintain an average daily balance of at least $5,000 for 60 days from the date you have $5,000 of eligible deposits and complete five qualifying transactions within 60 days of opening the account. When you'll get it: Within 8-12 weeks of meeting the qualifying criteria. Businesses with less than $5 million annual revenue can earn up to $1,000 by opening a new PNC business bank account online or in a branch. Bonus details: Bonus amount: $400, $1,000 Expiration date: June 30, 2025 Requirements to earn the bonus: Open a new Business Checking or Business Checking Plus account and maintain an average ledger balance of at least $2,000 and make a minimum of 10 qualifying transactions in the first three statement cycles to earn a $400 cash reward. Open a new Treasury Enterprise Plan or Analysis Business Checking account and maintain at least a $30,000 average ledger balance in the first three statement cycles to earn a $1,000 cash reward. When you'll get it: Not disclosed New Truist business checking clients can earn $400 by opening a business checking account online, over the phone or in a branch. Bonus details: Bonus amount: $400 Expiration date: September 30, 2025 Requirements to earn the bonus: Open a new Truist Simple Business Checking or Dynamic Business Checking account online using promo code SB25Q2CHECKING and make qualifying deposits of at least $2,000 within 30 days of account opening. When you'll get it: Within four weeks of meeting qualifications. New Citibank Business Checking accounts and existing customers without a business checking account in the preceding 180 days can earn up to $2,000 after completing the eligibility criteria. Bonus details: Bonus amount: $300, $500, $1,000, $1,500, $2,000 Expiration date: July 7, 2025 Requirements to earn the bonus: Open a new CitiBusiness® Analyzed, Streamlined or Flexible Checking Account online or in branch and make a qualifying deposit of at least $5,000 within 45 days of opening the account. You must maintain the balance 45 more days after the 46th day of enrollment. Cash bonuses are tiered depending on how much you deposit: $5,000 – $19,999: $300 $20,000 – $49,999: $500 $50,000 – $99,999: $1,000 $100,000 – $199,999: $1,500 $200,000 +: $2,000 When you'll get it: Within 30 days from the month end of meeting all qualifications. Earn up to $1,000 after opening a new Equity Bank Small Business or Commercial Checking account with at least $10,000 at account opening. Bonus details: Bonus amount: $500, $1,000 Expiration date: June 30, 2025 Requirements to earn the bonus: Businesses in Kay County, OK and Osage County, OK, are eligible by opening a new Small Business or Commercial checking account in a local branch or online using promo code BIZ1000. You can earn $500 with a new money deposit of $10,000, or $1,000 with a new money deposit of $20,000 within 30 days of opening the account. You must maintain a daily balance of at least the opening deposit for 60 days after opening the account to qualify. When you'll get it: Within 30 days of the last calendar day of the month after completing the offer requirements. Open a new Associated Bank business checking account in person or online to receive up to $750 in bonuses. Bonus details: Bonus amount: $100, $400, $750 Expiration date: June 30, 2025 Requirements to earn the bonus: Open a Business Access Checking account with a minimum deposit of $2,000 to earn $100, a Business Balance Checking account with a minimum deposit of $5,000 to earn $400 or a Business Choice Checking account with a minimum deposit of $20,000 to earn $750. All deposits must be new money not from an existing Associated Bank account, be deposited within 30 days of opening the account, maintain a minimum of the opening balance for 31 to 90 days after account opening and remain open for 12 months after getting the bonus to be eligible. When you'll get it: Within 120 days of opening the account. You can earn a promotional annual percentage yield for three months on qualifying deposits after opening a Capital One Business Savings Account. Bonus details: Bonus amount: Up to 3.70 percent APY on the first three months' savings account balance. Expiration date: 92 days after opening the account. Requirements to earn the bonus: Open a Capital One Business Savings Account to earn a three-month promotional APY on your balance. Balances up to $9,999.99 earn a 0.25 percent interest rate, while balances from $10,000 to $10 million earn 3.64 percent promotional interest, or 3.70 percent APY. Amounts above $10 million earn a 0/10 percent interest rate APY. A variable interest rate applies to the balance after the promotional rate ends. When you'll get it: Credited on the last day of each statement cycle. Business bank account promotions can be a smart way to earn extra cash while setting your company up for financial success. For startups especially, opening a business account can also help establish a lender relationship, potentially leading to better rates on future small business loans. Whether you're eyeing a checking or savings account bonus, take time to understand the terms, fees and long-term value. A great promo should work for your business, not the other way around. By weighing the benefits against the requirements and potential tax implications, you can choose a business account that supports your short-term gains and long-term goals. Are all business bank promotions a good deal? Not all business bank promotions are a good deal, and some can actually cost more than they're worth. While the cash bonus might look tempting upfront, it's important to dig into the details. Some promos come with high minimum balance requirements, steep monthly fees, or strict activity conditions that don't fit every business's needs. Others may trigger tax implications if you receive a 1099-INT and have to claim the bonus as taxable income. Is it worth moving your business banking for a good promo? It can be worth moving your business banking for a good promo if the new account fits your long-term needs. A generous cash bonus might sound appealing, but switching banks takes time and effort and may cause disruption to your operations from having to update payment systems or vendor information. If switching will save you money, offer better features and tools with low fees and easy requirements to meet, and the bonus amount is worth it, then it's probably a good move. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNBC
29-04-2025
- Business
- CNBC
Capital One Business Savings Account Review
Whether you're starting a new business or just in the market for a new savings account, you've likely encountered dozens of options that all seem equally appealing. We've rounded up a list of some of the best small business savings accounts, and here's a closer look at the Capital One Business Savings Account. Below, we dive into what you need to know about account fees, accessing your cash and how this account compares to others on the market. Earn a promotional interest rate for the first 3 months. Visit a Capital One location or contact a banker for details. $250 to open account $3, with option to waive None Up to 6 free withdrawals or transfers per statement cycle $10 $35 Yes Yes, if account holders also have a Capital One business checking account Terms apply. The Capital One Business Savings Account currently offers a strong APY well above the national average. New account holders can earn a fixed promotional rate for the first three months from account opening. After that, you'll earn a variable rate. The promotional rate you receive depends on your account balance. You can access your savings online or through Capital One's mobile banking app. You can also link external accounts to make transfers. Account holders are allowed up to six free withdrawals per month. This account offers overdraft protection free of charge. With Capital One's overdraft protection program, you can link a checking account to your savings account so if you don't have enough money for a transaction, it will automatically transfer funds from your linked account so you don't get hit with a fee. Other than that, though, the Capital One Business Savings Account is a fairly bare-bones account and doesn't offer many perks. This account comes with a $3 monthly service fee, which is waived as long as you keep a minimum monthly balance of at least $300. This is a fairly attainable minimum for a business bank account, so it could be a good choice if your business is just starting out or isn't earning a ton of money just yet. There are several other business savings account options on the market. For instance, the Axos Bank Business Premium Savings account also provides a straightforward experience. Like the Capital One account, the Axos account offers an APY and a checking account option. However, the Axos Bank account doesn't charge a monthly maintenance fee or overdraft fee. While the Capital One account does have an option to waive the monthly fee, it's nice to have an account that doesn't require you to maintain a minimum balance to avoid fees. One huge plus for the Capital One account is that you can bank in-person since there are Capital One branches across the country. Axos Bank doesn't offer this option, so this might be a drawback for those who want to build an in-person business banking relationship. 3.80% None None Up to 6 free withdrawals or transfers per statement cycle None Yes Yes, if the account holder has an Axos business checking account Terms apply. The Live Oak Business Savings account also doesn't charge a monthly maintenance fee, but it does have a $25 overdraft fee and no overdraft protection. This account doesn't offer a companion checking account and there are no in-person branches, but if you're comfortable with an online-only account, the Live Oak Business Savings might be a solid option for you thanks to its solid APY. 3.50% None None None Up to 6 free withdrawals or transfers per statement cycle $10 $25 No No Terms apply. Money matters — so make the most of it. Get expert tips, strategies, news and everything else you need to maximize your money, right to your inbox. Sign up here. At CNBC Select, our mission is to provide our readers with high-quality service journalism and comprehensive consumer advice so they can make informed decisions with their money. Every article is based on rigorous reporting by our team of expert writers and editors with extensive knowledge of small business products. While CNBC Select earns a commission from affiliate partners on many offers and links, we create all our content without input from our commercial team or any outside third parties, and we pride ourselves on our journalistic standards and ethics.
CNBC
28-04-2025
- Business
- CNBC
Axos Bank Business Premium Savings Account review
If you've already opened a checking account for your business, congratulations! Now's the perfect time to add a business savings account (if you haven't already). A business savings account lets you separate cash you need to spend from cash for a rainy day. Plus, it's also a smart way to put some money away for taxes. There's lots to like about the Axos Bank Business Premium Savings, including no deposit to open, no monthly maintenance fee and a very attractive welcome bonus. Read on to learn more about this account and see if it may be right for you. 3.80% None None Up to 6 free withdrawals or transfers per statement cycle None Yes Yes, if the account holder has an Axos business checking account Terms apply. Offers in this section are from affiliate partners and selected based on a combination of engagement, product relevance, compensation, and consistent availability.3.46% with a daily balance of $5,000,000 or below; 5.48% with a daily balance above $5,000,000$100 to open account3.50%None The Axos Bank Business Premium Savings account offers a strong APY. According to the bank's website, the APY listed is a tiered rate, and it may change at any time. At the time of this writing, the bank offers the same APY for all account balances under $5,000,000. Axos offers the All-In-One mobile app so you can send wire transfers and pay bills right from your phone. You can also link the Business Premium Savings account to an Axos business checking account or to a personal checking or savings account from another bank so you can move money between those accounts. If you have an Axos business checking account, you can also access your money by moving cash from the savings account to checking. Then, you can use your Visa® debit card or checks to make purchases, or you can withdraw cash from ATMs. The Axos Bank Business Premium Savings offers quite a few notable perks geared toward business owners. For starters, you can receive a one-time welcome bonus worth up to $375 if you use the promo code listed on Axos website. To receive the bonus, you must fund your savings account within 30 days of opening. The $375 bonus is earned over the course of four statement cycles, and you'll earn $75 for each statement cycle where the average daily balance on your savings account is between $30,000 and $74,999.99. If you keep the balance at $75,000 or more, you'll earn $125 per statement cycle. You can earn up to three payouts during the four statement cycles. You can sync the account to QuickBooks so you can track your business finances automatically. You can also access additional tools like loan funding, payroll, merchant services and treasury management. This account doesn't charge a monthly maintenance fee. There is no minimum deposit needed to open this account, though, to earn the bonus you'll need to fund the account within the first 30 days. Unlike many other accounts, it doesn't require you to maintain a daily minimum balance. Incoming domestic and international wires are also free. If you don't think the Axos Bank Business Premium Savings is the right account for you, the good news is there are plenty of other options out there. The Capital One Business Savings is a good choice if you want an account with a major bank, but it requires a $250 minimum deposit to open (the Axos Bank account doesn't have a minimum). The Capital One account also charges a $3 monthly maintenance fee with an option to waive it, but the Axos Bank doesn't charge a maintenance fee at all. Earn a promotional interest rate for the first 3 months. Visit a Capital One location or contact a banker for details. $250 to open account $3, with option to waive None Up to 6 free withdrawals or transfers per statement cycle $10 $35 Yes Yes, if account holders also have a Capital One business checking account Terms apply. The Live Oak Business Savings account doesn't charge a monthly maintenance fee and doesn't have a minimum deposit to open the account, similar to the Axos Bank account. Live Oak also offers a solid APY but, at the time of writing, it's a bit lower than the interest offer from Axos Bank. Also, Live Oak's savings account doesn't offer any special welcome bonuses, unlike the account from Axos Bank. 3.50% None None None Up to 6 free withdrawals or transfers per statement cycle $10 $25 No No Terms apply. Money matters — so make the most of it. Get expert tips, strategies, news and everything else you need to maximize your money, right to your inbox. Sign up here. At CNBC Select, our mission is to provide our readers with high-quality service journalism and comprehensive consumer advice so they can make informed decisions with their money. Every article is based on rigorous reporting by our team of expert writers and editors with extensive knowledge of small business banking products. While CNBC Select earns a commission from affiliate partners on many offers and links, we create all our content without input from our commercial team or any outside third parties, and we pride ourselves on our journalistic standards and ethics.
Yahoo
19-04-2025
- Business
- Yahoo
Axos Bank review (2025): Rewards checking and high-yield savings with no monthly fees
Summary: Founded in 2000, Axos Bank is a San Diego-based digital bank offering banking, lending, and investment products for individuals and businesses. Axos Bank's digital-first approach means its products are tailored to customers who prefer the online experience. Axos offers online wire transfers, biometric identification, mobile deposits, and more to give customers a high level of convenience and security. Axos Bank is included in our ranking of the 10 best online banks of 2025. Axos One is a combination checking and high-yield savings account with no monthly maintenance fees, minimum balance requirements, account opening fees, or overdraft fees. Checking balances earn 0.51% APY, while savings earn up to 4.66% APY. This account also offers access to expanded FDIC insurance up to $265 million. To earn the highest advertised savings account rate, you must receive at least $1,500 in total monthly qualifying direct deposits and maintain an average daily balance of more than $1,500, or receive at least $5,000 in total monthly qualifying deposits and maintain an average daily balance of more than $5,000. Axos offers a rewards checking account that earns up to 3.3% APY with no monthly maintenance fees or minimum balance requirements. To earn the highest advertised rate, account holders must meet specific requirements, including having a certain amount of direct deposits per month, maintaining an average daily balance of $2,500 in an Axos Invest account, using a debit card to make Axos loan payments, and more. Axos offers a free standard checking account with no monthly fees or minimum balance requirements. Though this account does not earn interest, it offers other perks such as no overdraft fees, early direct deposit, and unlimited ATM fee reimbursements. The First checking account is designed for customers between the ages of 13 and 17 who want to start learning to manage their personal finances with the help of a parent. It earns 0.1% APY with no monthly maintenance fees. This account does have daily transaction limits of $100 for cash transactions and $500 for debit card purchases. Because this is a joint account, parents can monitor their teen's spending, lock and unlock their debit card, set up account alerts, and more. Axos Bank's cash-back checking account rewards customers with 1.00% back on qualifying purchases. There are no monthly maintenance fees associated with this account and it comes with unlimited domestic ATM fee reimbursements and no ATM fees. The Golden Checking account is for customers age 55 and over. Account holders earn 0.1% APY on all balances and receive up to $8 in domestic ATM fee reimbursements per month. There is no monthly maintenance fee. Axos Bank's Summit Savings account is a high-yield savings option that offers a competitive 4.00% APY on all balances with no monthly fees, minimum balance requirements, or minimum opening deposit. Teen customers can grow their savings with an Axos First Savings account, which earns 0.1% APY with no monthly fees and up to $12 in domestic ATM fee reimbursements per month. This account has a daily cash transaction limit of $100. CDs terms range from three months to five years, with a $1,000 minimum opening deposit. CD rates are as high as 0.2% APY. Mortgages: Homebuyers can take advantage of a host of mortgage options offered by Axos with no lender fees and up to 3% annualized cash back. Personal loans: Axos offers personal loans of up to $50,000 with terms ranging from three to six years. Auto loans: Axos Bank auto loans can cover purchases and refinancing with no payment for up to 90 days. Terms can be as long as 96 months. Axos' investment products include managed portfolios and self-directed trading accounts that users can link to their mobile app to monitor in one dashboard. Axos Invest offers traditional, Roth, and Rollover IRAs for customers who want to save for their golden years in a tax-advantaged account. Axos Bank's products aren't limited to consumer accounts; it also offers banking products for small businesses, including a business checking account, business interest checking, business savings account, business money market account, and more. In general, Axos Bank charges few fees. However, customers may incur fees for specific services, such as wire transfers. There are also early withdrawal fees for CDs. There are a few major perks and drawbacks customers should note before banking with Axos Bank. Pros: No monthly account fees: Axos doesn't charge fees for monthly account maintenance. Unlimited ATM reimbursement: Axos offers unlimited domestic ATM fee reimbursements for its Rewards Checking, Cashback Checking, and Essential Checking accounts. Golden Checking account holders get up to $8.00 per month in domestic ATM fee reimbursements. Rewards checking account option: Axos offers rewards and cashback checking account options for customers who want to maximize their earning potential. Cons: No physical branches: Axos is an online bank, which means there are no physical branches for in-person banking. Does not offer Zelle: Axos is not currently partnered with Zelle. However, it does offer peer-to-peer payment options through its "Axos Pay It Now" feature. Strict requirements for rewards checking account: To qualify for the maximum rewards checking account rate, customers must meet a long list of requirements, including having a certain number of monthly direct deposits, maintaining an average daily balance of $2,500 in an Axos Invest account, and using your debit card to make Axos loan payments. Customer support representatives for personal banking customers are available via secure messaging or telephone 24 hours a day, 7 days a week (excluding Thanksgiving Day and Christmas Day). For help with loan servicing, representatives are available Monday through Friday, from 8:00 a.m. to 5:00 p.m. PT. For questions regarding your Axos home loan, representatives are available Monday through Friday from 7:00 AM to 8:00 PM PT and 8:00 a.m. to 2:00 p.m. PT on Saturdays. Personal loan and auto loan representatives are available Monday through Friday from 8:00 a.m. to 4:30 PT. Small business banking customers can reach a customer service representative on weekdays from 6:00 a.m. to 6:00 p.m. PT, and investment property lending specialists are available on weekdays from 9:00 a.m. to 5:00 p.m. PT. Axos also offers an automated chat feature. The Axos Bank mobile app is available for download on the App Store and Google Play and has a rating of 4.7 and 4.5, respectively. Customers can use the app to monitor their transactions, loans, and investments, transfer money between accounts, send money to friends, pay bills, and more. Yes. Axos Bank is backed by the Federal Deposit Insurance Corporation (FDIC), which means your deposits are insured up to the $250,000 federal limit. Axos Bank's routing number is 122287251. Deposits can be made via ACH transfer, wire transfer, mobile deposit, ATM deposit, and direct deposit.
Yahoo
26-03-2025
- Business
- Yahoo
Axos Financial, Inc. to Announce Third Quarter Fiscal 2025 Results on April 30, 2025
LAS VEGAS, March 26, 2025--(BUSINESS WIRE)--Axos Financial, Inc. (NYSE: AX) ("Axos" or the "Company"), holding company for Axos Bank, Axos Clearing LLC, and Axos Invest, Inc., announced today that it will host a conference call on Wednesday, April 30, 2025 at 5:00 PM ET (2:00 PM PT) to discuss financial results for the third quarter of fiscal year 2025 ended March 31, 2025. Executive management will discuss the Company's third quarter fiscal 2025 results on the call. The Company plans to distribute its earnings results on Wednesday, April 30, 2025 after 4:00 PM ET (1:00 PM PT). Interested parties may access the live conference call by visiting Axos Financial's website at and clicking on the webcast link or by dialing toll-free number 877-407-8293. For those interested parties who may be unavailable to listen to the live broadcast, a replay will be available until May 30, 2025 at Axos' website and telephonically by dialing toll-free number 877-660-6853, passcode 13752664. About Axos Financial, Inc. and Subsidiaries Axos Financial, Inc., with approximately $23.7 billion in consolidated assets as of December 31, 2024, is the holding company for Axos Bank, Axos Clearing LLC and Axos Invest, Inc. Axos Bank provides consumer and business banking products nationwide through its low-cost distribution channels and affinity partners. Axos Clearing LLC (including its business division Axos Advisor Services), with approximately $37.7 billion of assets under custody and/or administration as of December 31, 2024, and Axos Invest, Inc., provide comprehensive securities clearing services to introducing broker-dealers and registered investment advisor correspondents, and digital investment advisory services to retail investors, respectively. Axos Financial, Inc.'s common stock is listed on the NYSE under the symbol "AX" and is a component of the Russell 2000® Index, the S&P SmallCap 600® Index, the KBW Nasdaq Financial Technology Index, and the Travillian Tech-Forward Bank Index. For more information on Axos Financial, Inc., please visit View source version on Contacts Johnny Lai, CFASVP, Corporate Development and Investor RelationsAxos Financial, 1-858-649-2218Email: jlai@ Sign in to access your portfolio
