Axos Bank Business Banking Overview

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

Updated on March 12th, 2019

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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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Axos Bank Rates & Fees:


$0.00 /mo.


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

Certificate of Deposit

0.15% to 1.34% interest

Axos Bank
Axos Bank Summary:

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.

Axos Bank 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.

Axos Bank Key Information:


Jerry Englert




San Diego, CA


Gregory Garrabrants

Phone Number

1 (877) 247-8002


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


Axos Bank FAQs:

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 of customer service?

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

How do I access my BofI Federal Bank login?

To sign into your BoFI/Axos account, just go to and click the "Sign In" button in the top right corner.

Are there any Axos Bank alternatives?

Axos Bank Reviews:



FredBangedDaphne -

Their CD rates are actually worse than Navy Federal, which is odd because they don't have the brick and mortar overhead like Navy Federal. I would have expected 3% on a $50K deposit.

Joanne Winfield -

I opened a bank account with AXOS bank, but nobody answers the Phone to tell me how to put money in the account. I finally got someone to answer the phone when I chose the “close account” option. I am just going to find another brick and mortar bank for now since my current bank is closing locations. I don’t recommend this bank if you need help to understand the online procedures. You won’t get help here.

Laura MacGregor -

While BofI was very responsive to phone calls, Axos makes it very hard to get a human, and a difficult to navigate phone system, with long hold times–everything I hated about the bank I left, without even the option of going to my (nice) local branch! The service aspect has been going downhill for years, but this new merger seems to be a huge step down.