Axos Bank $100 Checking Account Bonus

Axos Bank is offering up to a $100 bonus for opening a Rewards Checking account and making qualified direct deposits. Full details about this $100 checking bonus below!

For more current bank offers, see our bank bonuses page. The most popular offers are from Chase BankSoFi, and Axos Bank.

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Axos Bank $100 Checking Account Offer

Axos is offering a $100 welcome bonus and a competitive interest rate for opening the Axos Rewards Checking account:

  • Get a $100 bonus when you open an Axos Rewards Checking account using promo code RC100.
  • Earn up to a 3.30% APY (as of 3/2/23) with interest compounded daily.

Axos doesn’t typically offer a consumer bank account bonus so this is a deal I’d jump on before it expires.

Axos $100 checking account bonus
(Image from Axos Bank)

How To Earn The $100 Bonus

To receive the $100 bonus, you need to:

  1. Open a new Axos Rewards Checking account with this link.
  2. Apply the promo code RC100 during account sign-up.
  3. Make one or more direct deposits totaling $1,500 in a single calendar month.

The bonus will be deposited into your checking account within 5 business days of your third statement cycle date.

Who Qualifies For The $100 Bonus

Everyone is eligible for one new account-related bonus per calendar year from Axos.

In layman terms, that means you’ll qualify for the bonus if you didn’t get one this year yet. Here are a couple of scenarios for example:

  • You received your last Axos new account bonus on December 31 of the prior year = you’re eligible for this promotion.
  • You received your last Axos new account bonus on April 15 of this year = you’re not eligible for this promotion

Offer Details

Availability: Nationwide
Expiration: 6/30/2023
Household Limit: None
Direct Deposit Required: Yes, $1,500 (see what counts as a direct deposit)
Soft/Hard Pull: Soft
Early Account Termination Fee: Must keep the account open for 180 days or an early closure fee of $150 may apply

Avoiding Fees

Axos is a customer-friendly bank so they don’t charge any fees other banks typically do.

  • Zero monthly maintenance fees
  • Zero overdraft or non-sufficient funds fees
  • Zero minimum balance requirements
  • Unlimited domestic ATM fee reimbursements

They do charge a $150 early account termination fee if you close the account within the first 180 days, so leave your account open past that time period.

Axos Offer Terms & Conditions

  • A Rewards Checking application that includes the promotional code “RC100” must be submitted before 11:59PM EST of the offer expiration date.
  • You must have these direct deposit amounts from a third-party source (not from another Axos Bank brand account) within a single calendar month during your first three months your account is open to receive bonus credit.
  • Bonus will be deposited into your new checking account within five (5) business days of your third statement cycle date.
  • Account must remain open for 180 days or an early closure fee of $150 may apply.
  • Bonus may be taxable and reported on IRS Form 1099-MISC. Consult your tax advisor.

Axos Rewards Checking Interest Rate

The Rewards Checking account offers a unique monthly interest rate that’s based on the products or services you use during the month.

Monthly ActivityAPY
Direct Deposits: $1,500 or more0.40%
Debit Card Spending: 10 transactions (min $3 per transaction)0.30%
Managed Portfolio: Maintain average daily balance of $2,5001.00%
Self Directed Trading: Maintain average daily balance of $2,500 1.00%
Loan Payment: Use Rewards Checking to pay an Axos consumer loan0.60%

Your balance of up to $50,000 will earn interest based on the combined rate.

The Bottom Line

Personally, I’ll be doing this deal.

The offer was previously a $300 bonus for making direct deposits totaling $7,000. It’s now $100, but the lower $1,500 direct deposit requirement is easier for most people.

Axos doesn’t have bank fees people have to typically deal with and the interest rate is competitive enough with monthly activities (and it’s compounded daily vs monthly).

While website design is not that high in the priority list for me when looking into these new customer sign-up promotions, I have to give kudos to Axos for making a really modern site. It’s heads and shoulders above designs at national banks.

I’ll include this offer in the list of best bank account opening bonuses.

8 thoughts on “Axos Bank $100 Checking Account Bonus”

  1. I see that this $100 offer goes until March 2023. This can be stacked by using Swagbucks too. They are currently offering a $150 bonus too (not sure how long this will last though). Be sure to open the link below in a browser with the SB Button and click to activate that too. Hope this helps.

    Turn this $100 into a possible $300 bonus(YMMV). If you have a Swagbucks account (if not sign up) go to a browser with the SwagButton installed. Turn off all Ad Blockers. Go to this for a possible $50 referral. Choose Rewards Checking and apply. When the 15000 SwagBucks offer pops up be sure to Activate. That’s for a possible $150 in Swagbucks. Be sure to follow ALL requirements as each offer has different steps to qualify. Hope you Score Big on this simple offer from AXOS!

  2. Question about the Axos $300… it says “in a single calendar month”. Does that mean if I do $7000 in the first month, and then $0 for the next 2 months, I would get the promo? Or do I need to do the full $7000 for all 3 months?

  3. One last thing may be people can also combine this with the Swagbucks deal “Axos Bank gives you all of the features of online banking with none of the fees. Open a bank account and deposit $20 or more to earn 4,000 SB*!”

  4. Bugs in Verification it won’t recognize my ID and won’t let me add my expiration manually. Will try again tomorrow

      • Oh! this is what happened. I almost gave up due to verification issues. But there’s a number at the top of the application 8885022967. I called them and I was able to complete the application on the phone.

        And Wow! It’s crazy am always shocked you reply lol. It’s very odd to have a reply from one of your heros. And it’s very nice to know you value my feedback, I come here everyday I’ve done like 100 of your links but it just occurred to me that you and others may find my feedback informative. I will be posting my feedback whenever I use your links in the future such as the experience I had if it worked or not and when I get the bonus. Thanks


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