# Axos Bank: US business checking

> US business checking from Axos Bank, a branchless FDIC-insured bank in San Diego: Basic Business Checking has no monthly fee, no minimum balance and free incoming domestic and international wires. For businesses in the US with US-resident owners; Business Interest Checking pays interest.

Finzil profile: https://finzil.com/providers/axos-bank · Provider website: https://axosbank.com · Facts checked: 2026-10-20

## Key facts

- **Monthly fee:** $0 (Basic Business Checking; Interest Checking $10)
- **Setup fee:** Free
- **Currencies:** 1 (USD only)
- **Onboarding:** 3–5 days (typical)
- **Provider type:** Bank (FDIC-insured)
- **IBAN:** No IBAN; US routing and account numbers
- **Payment rails:** ACH, domestic wires, international wires
- **Cards:** Visa debit card
- **Safeguarding:** FDIC insurance up to $250,000
- **Non-residents:** Not accepted
- **Remote opening:** Yes
- **Headquarters:** United States
- **Currency codes:** USD
- **Trustpilot:** 4.3 from 1,420 reviews (checked 2026-10-20)

## Who can apply

- **Non-resident owners** (owner or director living outside the company's country): Not accepted
- **Countries of incorporation accepted:** United States (only these)
- **Countries of incorporation refused:** Not published
- **Owner residency accepted:** United States
- **Owner residency refused:** Not published
- **Owner nationality refused:** Not published
- **Company types accepted:** Sole proprietors, General partnerships, Limited partnerships and LLPs, LLCs, For-profit corporations, Non-profit corporations, Associations and HOAs

## Industries

- **Industries served:** Startups and SMEs, Professional services, Freelancers, NGOs and charities
- **Prohibited industries (provider's own list):** cannabis distributors or dispensaries; cryptocurrency; internet gambling businesses; money service businesses; companion services (source: https://www.axosbank.com/business/support/faqs)
- **Permitted industries (provider's own list):** Small businesses and new businesses; Sole proprietors; Non-profit corporations; Associations and HOAs; Property management

## Licences

- United States: Office of the Comptroller of the Currency (primary federal regulator per FDIC record), Bank, FDIC-insured, Axos Bank, register no. 35546 (https://banks.data.fdic.gov/bankfind-suite/bankfind/details/35546)

Safeguarding: Deposits are FDIC-insured up to $250,000; extended coverage of up to $265 million is offered through IntraFi Network Deposits (Insured Cash Sweep).

## Fees

Source: https://www.axos.com/documents/disclosure-and-agreements-for-small-business-accounts (checked 2026-10-20)

### Plans

- **Basic Business Checking:** Free
- **Business Interest Checking:** 10 USD a month ($100 opening deposit; fee waived with a $5,000 average daily balance)

### Incoming

- SWIFT / international: Free
- Local transfer from another bank (Domestic wire): Free

### Outgoing

- SWIFT / international: $50
- Local transfer to another bank (Domestic wire): $15 · Two outgoing domestic wires a month are reimbursed on Basic Business Checking

### Currency exchange (FX)

- FX markup: Not offered

### Cards

- Physical card issue: Free · If ordered at account opening
- Card FX: 1% · Visa debit card foreign currency conversion

## Opening an 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: 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

## Pros and cons

- Pro: No monthly fee, minimum balance or opening deposit on Basic Business Checking
- Pro: Free incoming domestic and international wires
- Pro: Two domestic outgoing wires a month reimbursed on Basic Business Checking
- Pro: Unlimited domestic ATM fee reimbursements
- Pro: Opened entirely online, with QuickBooks integration
- Pro: Trustpilot score of 4.3 from more than 1,400 reviews
- Con: Only for businesses in the US, with owners who are US residents with a US address and SSN
- Con: US dollars only; outgoing wires cost $15 (domestic) and $50 (international)
- Con: ACH origination needs a separate Treasury Management Agreement
- Con: Business Interest Checking has a $100 opening deposit and a $10 monthly fee unless you keep $5,000
- Con: Cannabis, crypto, internet gambling, money services and companion services are refused

## Finzil's take (opinion)

Axos is a good fit for a US-based business that wants a free account with free incoming wires and no branch visits. The wire-out fees are higher than nbkc's domestic fee, and it is strictly for US-registered businesses with US-resident owners.

## Alternatives

- [Relay](https://finzil.com/providers/relay): Fintech company · US
- [Novo](https://finzil.com/providers/novo): Fintech company · US
- [Bluevine](https://finzil.com/providers/bluevine): Fintech company · US
- [Mercury](https://finzil.com/providers/mercury): Fintech company · US

## FAQ

**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.

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