Business owners can get up to $300 in bonus money with this promotion for the Business Premium Savings account. Full details below.
How To Earn The Bonus
You can earn up to $300 for a new Business Premium Savings account.
Here’s how it works:
- Business owners get up to $300 welcome bonus!*
- Choose smarter business banking by Sep. 30 and enjoy 4.01% APY* and a bonus of up to $300 when you maintain a minimum average daily balance of $50,000.† Just use promo code NEWBPS on your application.
- Earn 4.01% APY
- No monthly maintenance fee
- No average daily balance requirement fee
- Free image statements
- Free online banking
- Remote deposit from anywhere
- $5,000 minimum opening deposit
The Monthly Fee
There is no monthly maintenance fee with the Business Premium Savings account.
- Business Premium Savings (BPS) account must be submitted between 07/19/2023 at 12:00 am PT and 08/31/2023 at 11:59 pm PT to be eligible for the cash incentive under the promotional offer “NEWBPS.”
- Axos Bank restricts each primary account holder to one (1) savings account promotional offer per year.
- Customers who have been primary owners of an Axos Bank, UFB, or Axos Bank for Nationwide checking or savings account in the last 12 months are not eligible for this offer.
- Promotional terms and conditions are subject to change or removal without prior notice.
- The incentive earned may be taxable and reported on IRS Form 1099-MISC. It is advisable to consult a tax advisor.
- To qualify for the Business Premium Savings bonus of $300, you must be approved for the new Business Premium Savings account and fund it within 60 days of account opening.
- Up to $300 can be earned as the incentive over the first four (4) statement cycles.
- Each statement cycle, $50 will be earned with an average daily balance between $20,000 and $49,999.99, and $100 will be earned with an average daily balance of $50,000 or greater.
- A maximum of three (3) payouts can be earned during the four (4) statement cycles, and the incentive will be deposited within 10 business days after meeting the balance requirement in each cycle.
- The Business Premium Savings account must remain open and in good standing at the time of payout to be eligible for the incentive.
- The account must also remain open for 120 days, or an early closure fee of up to $300 may be charged.
This is a nice bonus value, but you’ll need to be ready to stash away at least $20,000 for at least three months. Keep in mind that you must fund your account within 60 days of approval and keep it open for 120 days to be eligible for the bonus.
So, consider if you’re willing and able to lock away that amount for the required time.
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