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Axos Basic Business Checking Review
Our take: No monthly fee or minimum, unlimited transactions, unlimited ATM fee rebates and huge FDIC coverage through a sweep. No interest.
Pros
- No monthly fee or minimum balance
- Unlimited transactions and domestic ATM fee rebates
- Up to $265 million of FDIC coverage through a sweep
Cons
- No interest on the balance
- Cash deposit options not listed
- Support is weekdays only
Key facts
- Wires
- Incoming wires free; 2 outgoing domestic wire fees reimbursed each month
- Extra coverage
- Up to $265 million through IntraFi Insured Cash Sweep
- Interest
- None
- Minimum to open
- $0
- Monthly fee
- No monthly fee
- ATM access
- Unlimited domestic ATM fee reimbursements
- Current offer
- Up to $200 cash back ($50 a month) with promo code START200 and a $3,000 average daily balance (open by Jan 31, 2027; terms apply)
- Insurance
- FDIC insured up to $250,000 per depositor, per ownership category. Up to $265 million through the IntraFi Insured Cash Sweep program
- FDIC certificate
- 35546 (Axos Bank, San Diego, CA)
- Who can open
- Sole proprietors and registered businesses; some industries excluded
- Mobile app
- Axos app: 4.7 on the App Store, 4.6 on Google Play (Sep 28, 2026)
- Customer service
- (844) 678-2726, Monday to Friday, 6am to 6pm PT
Source: Axos Bank website, checked Oct 26, 2026. Insurance details from the FDIC BankFind database.
Our verdict
Axos Basic Business Checking is a strong free account from a chartered bank. There is no monthly fee or minimum, transactions are unlimited, Axos reimburses domestic ATM fees without a limit and refunds two outgoing domestic wire fees each month. Its sweep program can extend FDIC coverage up to $265 million.
It does not pay interest, and cash deposit options are not listed on the product page.
Who can open
Sole proprietors and registered businesses can apply. Axos declines some industries, including cannabis, crypto and internet gambling.
How we rated it
It earns top marks for fees, minimums and coverage, and loses points for paying no interest. It scores 4.4 out of 5 on our scorecard for this category. See how we score on the comparison page and our methodology.
How Axos Bank compares
| Account | Rating | Monthly fee | APY |
|---|---|---|---|
| Axos Basic Business Checking | 4.4 | $0 | None |
| Bluevine Business Checking | 4.3 | $0 | 1.30% |
| American Express Business Checking | 4.2 | $0 | 1.00% |
| Relay Business Checking | 4.1 | $0 | None |
| Found Small Business Banking | 4.0 | $0 | None |
Axos Bank business checking FAQ
Does Axos Basic Business Checking have a monthly fee?
No. There is no monthly fee, no opening deposit and no minimum balance.
Does Axos reimburse ATM fees for business checking?
Yes. Axos offers unlimited domestic ATM fee reimbursements.
How much FDIC coverage can Axos business customers get?
Up to $265 million through the IntraFi Insured Cash Sweep program.
Ready to open Axos Basic Business Checking?
Confirm the current rate and terms on the provider’s site before you apply.