Axos Business
UnclaimedReimagine your business banking with digital-first solutions, competitive rates, and transparent pricing.
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67 reviews trackedThe Bottom Line
Entry price
Paid plans only
Biggest pro
Low to no monthly maintenance fees on certain accounts
Biggest con
Requires maintaining a certain balance for welcome bonuses
TL;DR - Axos Business
- Digital-first business banking with various checking and savings accounts.
- Offers additional services like SBA loans, merchant, and payroll services.
- Features low fees, high-yield savings, and expanded FDIC insurance.
Pricing: Paid only
Best for: Enterprises & pros
4.3/5 across review platforms
What is Axos Business?
Axos Business provides a comprehensive suite of digital banking solutions tailored for small businesses and new ventures. It offers various account types, including Basic Business Checking with no monthly maintenance fees and free domestic incoming wires, Business Interest Checking, and high-yield Business Premium Savings accounts. The platform aims to simplify financial management for entrepreneurs by offering 100% online access, user-friendly mobile tools, and integration with accounting software.
Beyond core banking accounts, Axos Business extends its services to include SBA loans, merchant services for easy payment processing, payroll services, and treasury management for fraud and risk management. It also offers expanded FDIC insurance options. The platform emphasizes convenience, cost-efficiency, and robust digital tools to help businesses manage finances, grow reserves, and achieve their financial goals.
Available on: Web, iOS, Android
Pros & Cons
Pros
- Low to no monthly maintenance fees on certain accounts
- High-yield savings options
- Comprehensive suite of business services beyond just accounts
- 100% online banking with a robust mobile app
- Expanded FDIC insurance availability
Cons
- Requires maintaining a certain balance for welcome bonuses
- Specific APY rates and bonus offers are time-sensitive
Ratings Across the Web
4.3(67 reviews)
Ratings aggregated from independent review platforms. Learn more
Preview
Key Features
Basic Business Checking (no monthly maintenance fees, free domestic incoming wires)Business Interest Checking (earns APY)Business Premium Savings (high-yield savings)Expanded FDIC Insurance (up to $265 million)SBA LoansMerchant Services (payment processing)Payroll ServicesTreasury Management (fraud and risk management)
Pricing
Paid
Axos Business offers paid plans. Visit their website for current pricing details.
Reviews
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4.3/5
Across 67 verified user reviews on SourceForge
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Axos Business FAQ
How does Axos Business support new ventures and small businesses?
Axos Business provides a comprehensive suite of digital banking solutions specifically tailored for small businesses and new ventures. It offers various account types, including Basic Business Checking with no monthly maintenance fees, and aims to simplify financial management for entrepreneurs through 100% online access and user-friendly mobile tools.
Which teams would benefit most from Axos Business?
Teams and businesses that prioritize digital-first financial management, cost-efficiency, and a comprehensive suite of services beyond basic checking accounts would find Axos Business beneficial. It is particularly well-suited for small businesses and new ventures looking to manage finances, grow reserves, and streamline operations online.
How is Axos Business priced?
Axos Business is a paid product, though some accounts like the Basic Business Checking offer no monthly maintenance fees. Specific APY rates and bonus offers may be time-sensitive, and welcome bonuses often require maintaining a certain balance.
Can Axos Business help with payment processing and payroll?
Yes, Axos Business extends its services to include merchant services for easy payment processing and dedicated payroll services. These offerings aim to provide a comprehensive financial management solution for businesses, alongside core banking accounts.
What are the main limitations to consider with Axos Business?
A primary limitation of Axos Business is that welcome bonuses often require maintaining a certain balance to qualify. Additionally, specific APY rates and bonus offers are time-sensitive, meaning they may change over time.
How does Axos Business compare to Novo for business banking?
Axos Business offers a broader suite of services beyond just accounts, including SBA loans, merchant services, and payroll services, in addition to digital-first banking. It also provides expanded FDIC insurance options and high-yield savings accounts, which may differ from Novo's offerings.
Does Axos Business offer solutions for managing business reserves?
Yes, Axos Business offers high-yield Business Premium Savings accounts designed to help businesses grow their reserves. The platform emphasizes robust digital tools to assist businesses in managing finances and achieving their financial goals, including reserve growth.
Source: axosbank.com