Axos Bank Business Interest Checking Named America’s Best Business Checking Account

May 06, 2021 at 08:15 AM EDT

After evaluating more than 260 small business checking and savings accounts, WalletHub’s editors say Axos’ Business Interest Checking comes out on top

Axos Bank’s Business Interest Checking is America’s Best Business Checking Account Overall, editors of the personal finance website WalletHub said after evaluating more than 260 checking and savings accounts geared for small businesses.

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WalletHub editors have named Axos Bank's Business Interest Checking account America’s Best Business Checking Account. (Graphic: Business Wire)

“This account is the full package,” WalletHub said in its annual list of the Best Bank Accounts for Small Businesses.

The website noted that Business Interest Checking customers can earn up to 0.81% Annual Percentage Yield (APY) and can avoid a $10 monthly maintenance fee if they maintain an average daily balance of at least $5,000. Business Interest Checking customers also enjoy unlimited domestic ATM fee reimbursements and up to 50 free items per month (and $0.50 per item thereafter).

New customers who incorporated their businesses after June 1, 2020, are eligible to receive a $100 welcome bonus for opening a Business Interest Checking account with Axos. To qualify, customers must apply for the account by June 30, 2021, must use promo code NEWBIZ100 on their application, and must maintain an average daily account balance of at least $2,500 in the first two months after account opening. The minimum opening amount for Business Interest Checking accounts is $100.

About Axos

Axos Financial, Inc. is the holding company for Axos Bank, a nationwide, digital-first bank that provides award-winning consumer and business banking products through its low-cost distribution channels and affinity partners. With approximately $14.8 billion in assets, Axos Bank provides financing for single and multifamily residential properties, small-to-medium size businesses in target sectors, and selected specialty finance receivables. 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 KBW Nasdaq Financial Technology Index, and the S&P SmallCap 600® Index. For more information about Axos Bank, please visit www.axosbank.com.