Overview
Axos Bank, at a glance.
Axos Bank is a bank (fdic-insured) headquartered in the United States, regulated by Office of the Comptroller of the Currency (primary federal regulator per FDIC record). The company behind Axos Bank is Axos Bank. Business accounts cost $0 a month. Opening an account takes 3–5 days.
Deposits are FDIC-insured up to $250,000; extended coverage of up to $265 million is offered through IntraFi Network Deposits (Insured Cash Sweep).
Why businesses pick Axos Bank
- No monthly fee, minimum balance or opening deposit on Basic Business Checking
- Free incoming domestic and international wires
- Two domestic outgoing wires a month reimbursed on Basic Business Checking
- Unlimited domestic ATM fee reimbursements
- Opened entirely online, with QuickBooks integration
- Trustpilot score of 4.3 from more than 1,400 reviews
Watch out for
- Only for businesses in the US, with owners who are US residents with a US address and SSN
- US dollars only; outgoing wires cost $15 (domestic) and $50 (international)
- ACH origination needs a separate Treasury Management Agreement
- Business Interest Checking has a $100 opening deposit and a $10 monthly fee unless you keep $5,000
- Cannabis, crypto, internet gambling, money services and companion services are refused
Business fit
Will Axos Bank accept your business?
Four quick answers. Where your company is registered and what it does rule a provider in or out faster than anything else.
Based on Axos Bank's published rules
Likely no
Axos Bank does not list United Kingdom among the countries where it accepts companies.
Axos Bank does not publish a minimum company age or turnover, so those two answers are not checked here.
This is one provider. Your profile checks all of them.
- Every provider that fits your business
- The reason behind each match
- Company age and turnover checked too
Who it works with
Accepted and not accepted.
What Axos Bank publishes about the businesses it takes on.
Who Axos Bank serves
- Startups and SMEs
- Professional services
- Freelancers
- NGOs and charities
All 5 industries on Axos Bank's accepted list
- Small businesses and new businesses
- Sole proprietors
- Non-profit corporations
- Associations and HOAs
- Property management
Not supported
Industries and countries Axos Bank does not accept, from its own published lists.
Industries
- cannabis distributors or dispensaries
- cryptocurrency
- internet gambling businesses
- money service businesses
- companion services
Countries
- Not published
Coverage
Where can you use Axos Bank?
Coverage is a starting point. It does not confirm that every business in these markets is eligible.
Supported currencies
USD only
- USD
Payment reach
Not published
Who can apply
Company incorporation countries1 countries · show list
- United States
Owner nationality
Not publishedOwner residency1 countries · show list
- United States
Company types
Sole proprietors, General partnerships, Limited partnerships and LLPs, LLCs, For-profit corporations, Non-profit corporations, Associations and HOAs
Pricing
What does Axos Bank cost?
Look beyond the monthly fee. Your total cost depends on how many transfers you make, where they go and how much you convert.
Account cost
Opening fee
Free
Monthly fee
$0–10
depends on plan
Basic Business Checking
Lowest cost$0 per month
$0 setup · $0 in year one
Business Interest Checking
$10 per month
$0 setup · $120 in year one
Transaction fees
| Cost | Listed amount | How it is charged |
|---|---|---|
| Incoming | ||
| SWIFT / international | Free | No charge |
| Local transfer from another bank | Free | No charge · Domestic wire |
| Outgoing | ||
| SWIFT / international | $50 | Fixed fee |
| Local transfer to another bank | $15 | Fixed fee · Domestic wire · Two outgoing domestic wires a month are reimbursed on Basic Business Checking |
Other fees
Currency exchange (FX)
| Cost | Listed amount | How it is charged |
|---|---|---|
| FX markup | Not offered | Not available |
Cards
| Cost | Listed amount | How it is charged |
|---|---|---|
| Physical card issue | Free | No charge · If ordered at account opening |
| Card FX | 1% | Percentage of the amount · Visa debit card foreign currency conversion |
Onboarding
From application to live account.
Opening an account typically takes three to five business days.
- 1
Apply online
Start on axosbank.com; the whole process can be done online, or ask for a callback from a Business Banking representative.
- 2
Business details
Axos checks the public Secretary of State record for your business and asks for the documents for your entity type, plus a driver's licence or passport for every owner and signer.
- 3
Checks
Identity and credit checks run; a credit or ChexSystems freeze must be lifted before you apply.
- 4
Account live
Your account and routing numbers arrive in the Welcome Letter in the application message portal.
Documents you need
- Driver's licence or passport for all owners and signers
- Sole proprietor: IRS SS-4 or 147c letter
- LLC: operating agreement and articles of organization
- Partnerships: partnership or LP/LLP agreement
- Corporations: articles of incorporation
- Non-profits: articles, IRS 501(c)(3) letter, bylaws
- Fictitious name certificate if you trade under a DBA
FAQ
Your questions, answered.
Is Axos a bank?
Yes. Axos Bank is an FDIC-insured bank in San Diego, FDIC certificate 35546, supervised by the Office of the Comptroller of the Currency. Deposits are insured up to $250,000.
How much does Axos business checking cost?
Basic Business Checking has no monthly fee and no minimum balance. Incoming domestic and international wires are free; outgoing wires cost $15 (domestic) or $50 (international), with two domestic outgoing wires reimbursed each month on Basic. Business Interest Checking costs $10 a month unless you keep $5,000.
Can a non-US company open an Axos business account?
No. Axos says it only extends business accounts to companies within the United States. Owners need not be US citizens but must be US residents with a US address and a Social Security Number.
Which businesses does Axos not accept?
Its examples include cannabis distributors and dispensaries, cryptocurrency, internet gambling businesses, money service businesses and companion services. The list is not exhaustive.
Alternatives
How Axos Bank compares.
If Axos Bank is not the right fit, these providers work with similar businesses. Compare their listed licences and services below.
| Provider | Licensed in | Known for |
|---|---|---|
| Axos BankThis pageBank (FDIC-insured) |  | US business accountFree incoming wires |
 RelayFintech company | | US business accountNon-residents accepted |
 NovoFintech company | | US business accountFree account |
 BluevineFintech company | | US business accountNon-residents accepted |
 MercuryFintech company | | US business accountNon-residents accepted |
Not sure which one fits? Your profile ranks them for your business, with the reason behind each.