Business lending blueprint pdf1/24/2024 ![]() ![]() ![]() Note that Axos doesn’t have brick-and-mortar locations, so you can’t do banking business face to face. If you’re looking for a personal checking account, here are the best checking accounts. You could gain an Earnings Credit Rate (ECR) on this account, which can offer competitive yields to offset fees. Its biggest draw is that you can connect many tools and services to the account, such as Business Account Analysis and Treasury Management, which have their own fee schedules and are designed to help larger companies manage their finances. This also has a $100 initial deposit requirement and a $15 monthly maintenance fee. Transactions fees could also apply - if you exceed 100 items per month (including debits, credits and deposits) you’ll pay $0.50 each, which can add up.Īnalyzed Business Checking is an option for larger, commercial businesses with a “significant” amount of transactions. There is a monthly fee of $10 which can be waived with a $5,000 minimum average daily balance. To open this account, you’ll need $100 for the initial deposit. The Interest Business Checking has more stipulations and fees, but pays a yield: 1.01% APY on balances of $0 to $49,999.99, 0.20% APY on balances of $50,000 to $249,999.99 and 0.10% APY on greater balances. It doesn’t charge fees for account maintenance, transactions or incoming domestic wires and two outgoing domestic wires are reimbursed each month so you can use your money for things that aren’t bank fees. It doesn’t require an initial deposit or minimum balance so you don’t have to set aside cash purely for the sake of having a bank account. The Basic Business Checking account is built for small businesses that are just starting out. Both provide unlimited domestic ATM fee reimbursements, a VISA debit card and remote deposit capabilities, the latter of which is limited to 60 items a month. Two of Axos’ business checking accounts are designed for small businesses: the Basic Business Checking and the Interest Business Checking. Bank branches or online only: Digital banking only.Īccount details and annual percentage yields (APYs) are accurate as of Dec.Other accounts: Treasury management, merchant services, payroll services, equipment financing, commercial real estate, construction lending, lender financing. ![]() Certificates of deposit (CDs): Axos Bank Business certificates of deposit.Money Market accounts: Axos Bank Business Money Market, Axos Bank Non-Profit Money Market.Savings accounts: Axos Bank Business Savings, Axos Bank Business Premium Savings.Checking accounts: Axos Bank Basic Business Checking, Axos Bank Business Interest Checking, Axos Bank Analyzed Business Checking.Live customer support is limited to business days. ![]()
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