Axos Bank $300 Checking Bonus

Update 10/28/26: Bonus is $300 again, has been higher in the past.

Offer at a glance

Maximum bonus amount: $300

Availability: Nationwide

Direct deposit required: Yes, $1,500+ per month for three months

Additional requirements: See below

Hard/soft pull: Soft pull

ChexSystems: Unknown

Credit card funding: No

Monthly fees: None

Early account termination fee: Unsure

Household limit: None

Expiration date: December 10, 2026 July 31, 2024

The Offer

Direct link to offer

Axos Bank is offering a $300 bonus when you open a new checking account and complete the following requirements:

Open a cashback checking & best savings bundle

Use promo code AX300

Set up direct deposit.Direct deposit at least $1,500 into your Axos Checking account each monthly statement cycle.

Keep your account funded.Maintain an average daily balance of at least $5,000 each monthly statement cycle.

The Fine Print

To be eligible to earn all or a portion of the cash incentive as part of the “FREEDOM300″ $300 promotion, an Axos Bank Rewards Checking account that includes the promotional code ” FREEDOM300″ must be opened between November 1, 2023, at 12 a.m.PST and July 31, 2024, at 11:59 p.m.

PST.Axos Bank reserves the right to limit each primary account holder to one (1) checking account promotional offer per year, and customers who have held primary ownership of an Axos Bank or Axos Bank for Nationwide checking account at any time in the past 12 months may be disqualified from the ” FREEDOM300″ offer.Promotional terms and conditions are subject to change or removal without notice.Bonus cash may be taxable and reported on IRS Form 1099-MISC.

Consult your tax advisor.After meeting the initial requirements mentioned above, the amount of cash bonus earned will depend on meeting the additional requirements outlined below:

To earn up to a $300 bonus, you must be approved for your new Axos Bank CashBack Checking account, fund it within 30 days of account opening, and have qualifying direct deposits that total at least $1,000.00 each calendar month.A cash bonus of up to $300 can be earned in the following manner during the first four (4) statement cycles.A statement cycle is a calendar month consisting of the days your account was open during that month.

A maximum of three (3) payouts of $100 for each calendar month that the CashBack Checking account is receiving the direct deposit requirement, the bonus can be earned during the first four (4) statement cycles, and the bonus will be deposited into your Axos Bank CashBack Checking account within 10 business days following the end of the statement cycle in which the direct deposit requirement was met.Your Axos Bank CashBack Checking account must be open and in good standing at the time the bonus is paid to be eligible to receive the bonus, and your Axos Bank CashBack Checking account must remain open for 120 days, or an early closure fee of up to $300 may apply, equal to the amount of the total bonus earned up to $300.

All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

No monthly fee to worry about

Early Account Termination Fee

Axos Bank Rewards Checking account must remain open for 120 days, or an early closure fee of up to $300 may apply, equal to the amount of the total bonus earned up to $300.

Our Verdict

You can try to stack this with another $150 via Swagbucks but the terms do state it can’t be stacked with other promotions (in the past it has worked though).This is significantly better than the other $300 bonus as the requirements are so much easier.If you’re eligible I think this is worth doing and we will add this to our list of the best bank account bonuses.

Hat tip to reader Bockrr

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Frequently Asked Questions

Certainly. Unlike personal loans, you won't face any penalties for settling your balance ahead of schedule. However, it's crucial to keep in mind that if your credit card comes with a 0% introductory offer, it's essential to clear your balance completely before the 0% promotion expires and interest charges apply.

However, you can include additional cardholders, each with their own card. While sharing the single credit limit, the primary cardholder remains responsible for settling the debt.

Potentially, yes. Credit card APRs are typically variable, allowing lenders to change rates, impacting your monthly payments. Additionally, be mindful that introductory 0% offers can lead to higher interest rates once they expire. So, it's wise to clear your balance before that happens, if feasible.

Indeed, credit builder cards exist for those with less-than-ideal credit scores. These cards offer lower credit limits (typically £150 to £1,200) and higher interest rates. Responsible use, including full and on-time payments, can gradually boost your creditworthiness, potentially opening doors to better credit card offers down the line.