Available nationwide, Axos Bank is offering a $500 bonus and up to 3.30% APY on balances of up to $50,000 when you open an Axos Bank Rewards Checking Accounts.
Update 7/15/24: The bonus offer has recently increased to up to $500 (from $300) through 7/31/24.
Axos Bank Rewards Checking $500 Bonus
Cash in on up to a $500 bonus and up to 3.30% APY with a new Rewards Checking account. Just use promo code RC500 before July 31.
Axos Bank Rewards Checking
- Learn More at Axos Bank
- What you’ll get: $500 bonus + Up to 3.30%
- Account Type: Rewards Checking
- Availability: Nationwide, Online
- Direct Deposit Requirement: Yes
- Credit Inquiry: Soft Pull
- ChexSystems: Unknown
- Credit Card Funding: None
- Monthly Fee: None
- Early Account Termination Fee: $100 if closed within 180 days.
- Household Limit: None
(Visit Axos Bank to learn more)
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How To Earn Bonus
- Follow these 3 steps to get up to $100 per month for five months. Once you set up direct deposit, your monthly bonus is based on your average daily balance in your new rewards checking account.
- Open a new Rewards Checking account and use the promo code RC500
- Set up direct deposit and receive at least $1,500 in monthly deposits.
- Maintain a minimum average daily balance of $3,000 in your rewards checking account.
Axos Bank Rewards Checking Benefits
- Cash in on up to a $500 bonus† and up to 3.30% APY* with a new Rewards Checking account. Just use promo code RC500 before July 31.
- Build your own APY with up to 3.30% APY*
- Zero monthly maintenance fees
- Zero overdraft or NSF fees
- Zero minimum monthly balance reqs
- No initial deposit requirement
- Unlimited domestic ATM fee reimbursements
- Online debit card management
- Simple, 3-step process for direct deposit
Axos Bank Rewards Checking 3.30% APY Rate
Axos Rewards Checking has no maintenance fees and no minimum balance requirements either.
However, there are qualifying activities you need to do each month to earn the full competitive rate:
- 0.40% APY: Receive direct deposits totaling $1,500
- +0.30% APY: Make 10 debit card purchases
- +1.00% APY: Maintain an average daily balance of $2,500 per month in an Axos Invest Managed Portfolios Account.
- +1.00% APY: Maintain an average daily balance of $2,500 in an Axos Self Directed Trading Invest Account
- +0.60% APY: Use your Rewards Checking account to make your full monthly Axos consumer loan payment
Keep in mind that to be eligible for interest at all, you’ll need to meet that first direct deposit requirement.
The bank does not charge NSF or overdraft fees and offers unlimited reimbursements on any domestic ATM fees incurred.
Bottom Line
If you’re a heavy debit card user, definitely take a look into this account. Not only will you earn a return on your funds, Axos Bank will also reimburse unlimited out-of-network ATM fees in the U.S.!
Rest assured that Axos Bank is a federally chartered, FDIC-insured, full-service bank, so you know that your funds are safe!
If you have had any experiences with this bank, please let us know in the comment section below.
See our full list of Axos Bank promotions and all the Best Rewards Checking Accounts.
Interested in more bonus offers? See our list of the best bank bonuses.
I really wish there was a way to sort this list by states and/or direct deposit reqd. ty