Axos Bank is an internet-only bank offering residents nationwide a $500 bonus and a generous rate through their Rewards Checking Account of up to 3.30% APY.
Update 7/22/24: 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 Account Features
- 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
(FDIC Insured)
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.
How To Earn Rate
| How To Earn Interest | APY |
| Direct Deposit: Receive monthly direct deposits totaling $1,500 or more. | +0.40% |
| Debit Card Spending or Personal Finance Manager: Use your Axos Visa® Debit Card for a total of 10 transactions per month (min $3 per transaction) or sign up for Personal Finance Manager (PFM) “Account Aggregation” in Online Banking. | +0.30% |
| Managed Portfolios: Maintain an average daily balance of $2,500 per month in an Axos Invest Managed Portfolios Account. | +1.00% |
| Self Directed Trading: Maintain an average daily balance of $2,500 per month in an Axos Invest Self Directed Trading Account. | +1.00% |
| Loan Payment: Use your Rewards Checking account to make your full monthly Axos Bank consumer loan payment. Mortgage, personal, and auto loans are eligible. | +0.60% |
| Total | 3.30% |
*DIRECT DEPOSIT IS REQUIRED TO UNLOCK YOUR OTHER INTEREST-EARNING OPTIONS*
Conclusion
If you are heavy debit card user, then the current rate from Axos Bank is a fantastic offer for you to take advantage of.
Not only will you gain access to convenient features, but the Rewards Checking Account was named the “Best Stand-Alone Account” by Time.com!
For those interested in more promotional rates and offers, definitely take a look at our list of Rewards Checking Rates as well as our list of Best Bank Rates and CD Rates!
Take a look at our list of Best Bank Rates, CD Rates as well as our Rewards Checking Rates from industry leading banks such as U.S. Bank, HSBC Bank, Chase Bank, Huntington Bank, Discover Bank, TD Bank, or CIT Bank.
(FDIC Insured)
