Axos Business
UnclaimedReimagine your business banking with digital-first solutions, competitive rates, and transparent pricing.
Visit WebsiteWhat is Axos Business?
Axos Business (accounting): Reimagine your business banking with digital-first solutions, competitive rates, and transparent pricing. 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. Axos Business is paid-only, with most plans including a trial period. Buyers most often compare Axos Business against Payoneer, AllScale, Novatti Group Ltd.
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
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.
About Axos Business
By Toolradar Team·
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.
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Write a reviewBest Axos Business Alternatives
Top alternatives based on features, pricing, and user needs.
PayoneerPaid
Global payment solutions for businesses, freelancers, and marketplaces to pay, get paid, and grow globally.
AllScaleFreemium
Scale globally and pay instantly with a self-custody neobank for micro businesses.
Novatti Group LtdPaid
A single destination for all your payment needs, offering seamless experiences and faster payments.
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Axos Business FAQ
What is Axos Business?
Axos Business provides digital banking solutions for small businesses, offering various checking and savings accounts, loans, merchant services, payroll, and treasury management, all accessible through an online platform and mobile app.
How much does Axos Business cost?
Axos Business offers accounts like Basic Business Checking with no monthly maintenance fees and no item processing fees. Other services and accounts may have associated costs, but the platform emphasizes transparent pricing and low fees.
Is Axos Business free?
While some accounts like the Basic Business Checking offer no monthly maintenance fees and free domestic incoming wires, Axos Business is not entirely free as it offers a range of paid services and accounts with varying features and potential costs. It does offer welcome bonuses for new accounts.
Who is Axos Business for?
Axos Business is designed for small business owners, including newly formed businesses and growing enterprises, who are looking for digital-first banking solutions, competitive rates, and a comprehensive suite of financial services to manage and grow their operations.
Source: axosbank.com