Axos Checking

Up to $300 with a $5,000 average balance

PerkSensei Desk · Oct 29, 2026

Bonus: $50 a month, up to $300
Task: $1,500 direct depositsPay sent electronically into your account by an employer, payroll service or government agency. Many bank bonuses require it. Glossary and a $5,000 average balance monthly
Fee: No monthly feeWhat a bank charges each month to keep the account open. It's often waived if you meet conditions like a minimum balance or direct deposits. Glossary
Open by: Dec 1, 2026

How to get it · 4 steps

Open an Axos Checking account by 11:59 pm PT on Dec 1, 2026, with promo codeA code you enter when you apply or check out to get the deal. Some offer links fill it in for you. Glossary AX300 on the application. Only the account called Axos Checking qualifies.
In each monthly statement cycle, get at least $1,500 in qualifying direct deposits and keep an average daily balance of at least $5,000.
Each cycle that meets both earns $50, generally paid within 15 business days after the cycle ends.
You can earn it in 6 of the first 8 cycles, counting the cycle you open the account in, for up to $300.

It pays slowly: $300 takes six months, each with $1,500 in direct deposits and a $5,000 average balance. Two of the first eight months can be missed.
In months with a direct deposit, the balance also earns Axos's 1.00% APYAnnual percentage yield: the interest a savings account pays over a year, counting interest on interest. Glossary (variable; Axos's rate as of Oct 29, 2026).

A qualifying direct deposit is an electronic ACHAn electronic transfer between bank accounts, like moving money from your checking at one bank to another. Glossary deposit of your paycheck or government benefits, such as Social Security. International paychecks or benefits, real-time payments, online banking transfers, ATM and mobile check deposits, and person-to-person payments don't count.
The account must be open and in good standing when each $50 is paid.
Axos may limit each primary account holder to one cash bonus from any Axos checking or savings promotion per 12 months.
The bonus may be reported on IRS Form 1099-MISCA tax form a bank or broker sends to report income such as a bonus. Bank and brokerage bonuses usually count as taxable income. Glossary.
The page doesn't list eligible states.
The offer terms don't mention an early closure feeA fee, or the loss of your bonus, if you close the account within a set time after opening, often 90 to 180 days. Glossary.

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