Axos Bank $100 Checking Account Bonus

Axos Bank is offering a $100 bonus for opening a Rewards Checking account. It’s also one of the few banks that offer competitive rates for saving your money. Full details about this $100 checking bonus below!

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Open an account with this link and enter the promo code HOLIDAYS during the sign-up process to get a $100 bonus!

Axos $100 Checking Account Offer

Axos is offering a promo where you can grab a $100 welcome bonus while being paid a competitive interest rate:

  • Get a $100 bonus when you use the promo code HOLIDAYS when you apply for an Axos Rewards Checking account and complete direct deposit(s) totaling at least $1,500 within the first 60 days of account opening.
  • Earn up to a 1.00% APY (as of 11/7/21) with interest compounded daily

Axos almost never gives a consumer bank account bonus so I’d jump on this before the promo is over. The offer is available nationwide.

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

How To Earn The $100 Bonus

To receive the $100 bonus, you need to:

  1. Open a new Rewards Checking account.
  2. Apply the promo code ‘HOLIDAYS‘ during account sign-up.
  3. Make one or more direct deposits totaling at least $1,500 within the first 60 days of account opening to your Rewards Checking account.

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. Examples:

  • 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: 11/30/2021
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 $100 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 $100 early account termination fee if you close the account within the first 180 days, so leave your account open for that time period.

Axos Offer Terms & Conditions

  • A Rewards Checking application that includes the promotional code “HOLIDAYS” must be submitted by 11:59pm PST on 11/30/2021 to qualify.
  • You must have direct deposits that total at least $1,500.00 from a third party within the first 60 days of account opening into your Rewards Checking account to qualify for this bonus.
  • 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 $100 may apply.
  • Bank reserves the right to limit each customer to one new account-related gift incentive per calendar year.
  • Limit one Rewards Checking bonus offer and account per primary account holder. Customers who have an existing Axos Bank or Axos Bank for Nationwide Checking account as of 10/31/21 are not eligible for this offer.
  • 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 $2,5000.10%
Self Directed Trading: Maintain average daily balance of $2,500 0.10%
Loan Payment: Use Rewards Checking to pay an Axos consumer loan0.10%

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.

Axos doesn’t have typical bank fees people have to normally 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 make a lot of money from bank bonuses and while $100 isn’t one of the biggest bank bonuses available, this one is real easy with minimum effort involved.

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

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