Axos Bank Business Banking Overview

Learn more about business banking at Axos Bank with features & benefits, rates & fees, and frequently asked questions.

Updated on June 25th, 2020

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Axos Bank (formerly BofI Federal Bank) is a completely digital bank that offers personal and business bank accounts. Axos was originally called the Bank of Internet USA to reflect the digital nature of the bank.

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Rates & Fees:

Checking

$0.00 /mo.

Savings

$0.00 /mo. + 0.80% to 1.06% APY

Certificate of Deposit

0.15% to 1.34% interest

Axos Bank
Review:

Pros: Very low fees. Free checking accounts.

Cons: No physical locations—entirely online.

Bottomline: If you want a simple, easy-to-use online bank for your business checking needs, Axos is a good solution.

Key Information:

Legal Name

Axos Bank

Founder

Jerry Englert

Founding Date

Jan 01, 2000

Address

4350 La Jolla Village Dr #140, San Diego, CA 92122 United States

Number of Employees

750

Number of Customers

2000000

Telephone

1 (877) 247-8002

Website

https://www.axosbank.com

Features & Benefits:

Low fees.

Because Axos is an entirely internet-based bank, they have some of the lowest fees on the market. A basic business checking account is free, while a business checking interest account has no monthly fees and an APY of 0.80%.

Certificates of Deposit.

Axos offers two Certificate of Deposit solutions if you want to earn interest on business bank deposits. These secure investments can help you to gain interest while you save money.

Integrated merchant services.

Axos has a variety of merchant services that can link directly to your bank account, like POS terminals, mobile commerce, PCI security, and check acceptance.

FAQs:

What bank is Axos?

Axos Bank, formerly BofI Federal Bank, is a completely digital bank that offers personal and business bank accounts. Axos was originally called the Bank of Internet USA to reflect the digital nature of the bank.

Is Axos Bank legit?

All deposit accounts through Axos Bank are FDIC insured through Axos Bank under FDIC Certificate 35546. Axos bank was founded in 2000.

Is Axos Bank good?

Axos has some of the lowest fees on the market. They also offer free checking accounts.

Is Axos Bank FDIC-insured?

All deposit accounts through Axos Bank are FDIC insured through Axos Bank under FDIC Certificate 35546.

What is the BofI Federal Bank emerald card?

Emerald cards are a type of prepaid credit card that you can get from Axos bank so that you can use ATMs at H&R Block locations.

How do I contact Axos customer service?

If you need to contact Axos/BofI Federal Bank customer service, you can call 1 (844) 678-2726.