Axos · Banks
Axos Basic Business Checking review
Axos Basic Business Checking gives US businesses a free account from a licensed online bank: no monthly fee, free cash deposits at compatible ATMs and refunds of domestic ATM fees. It suits businesses that want bank-grade protection without branch fees, though it’s online only and USD only.
Who Axos is best for
US businesses wanting a free account from a licensed bank and businesses that deposit some cash.
Businesses needing branches and companies wanting multi-currency accounts.
Axos Basic Business Checking gives US businesses a free account from a licensed online bank: no monthly fee, free cash deposits at compatible ATMs and refunds of domestic ATM fees. It suits businesses that want bank-grade protection without branch fees, though it’s online only and USD only.
Fees, features and eligibility
| Monthly fee | $0 a month |
|---|---|
| Transfers | Free cash deposits at compatible ATMs; domestic ATM fees refunded |
| Account type | Licensed bank (online) |
| Currencies | USD |
| Who can open it | US businesses |
Source: Axos published product information.
What stands out
Pros
- No monthly fee
- Free cash deposits at compatible ATMs
- Domestic ATM fees refunded
Cons
- Online only
- USD only
Axos: common questions
Does Axos charge a monthly fee for business checking?
Not on Basic Business Checking. Axos also offers Business Interest Checking, which has a monthly fee that can be waived with a balance.
Can I deposit cash with Axos?
Yes, at compatible ATMs, with no cash deposit fee.
Is Axos a real bank?
Yes. Axos Bank is an FDIC-insured online bank.
Used Axos? Help other businesses choose.