[Expired] Axos Bank $300 Checking Bonus + $150

Deal has ended, view more bank account bonuses by clicking here.

Extended until June 30th, 2024..

Update 1/1/24: Bonus is bac and slightly better, only requires a $5k direct deposit and $7k balance instead of $7k and $15.

Offer at a glance

• Maximum bonus amount: $300
• Availability: Nationwide
• Direct deposit required: Yes, $7,000+ for the first seven calendar 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: June 30th 2024

The Offer

Direct link to offer

• Axos Bank is offering a $300 bonus when you open a new high yield checking account and complete the following requirements:
  • Use promo code AXOS300
  • have qualifying direct deposits that total at least $5,000.00 each calendar month during the first seven (7) calendar months your account is open
  • maintain a minimum average daily balance of $7,000. The minimum balance must be achieved and maintained from September 2023 through March 2024. (this hasn’t been updated yet)

The Fine Print

• To be eligible to earn all or a portion of the cash incentive as part of the “SUNNYBONUS” $300 promotion, an Axos Bank Rewards Checking account that includes the promotional code “SUNNYBONUS” must be opened between August 1, 2023, at 12:00 am PST and December 31, 2023, at 11:59 pm 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 “SUNNYBONUS” 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 Rewards Checking account, fund it within 30 days of account opening, and have qualifying direct deposits that total at least $7,000.00 each calendar month during the first seven (7) calendar months your account is open as well as maintain a minimum average daily balance of $15,000.
• The minimum balance must be achieved and maintained from September 2023 through March 2024. A cash bonus of up to $300 can be earned in the following manner during the first seven (7) statement cycles. A statement cycle is a calendar month consisting of the days your account was open during that month.
• A maximum of six (6) payouts of $50 for each calendar month that the Rewards Checking account is receiving the direct deposit and maintain a minimum average daily balance of $15,000 can be earned during the seven (7) statement cycles, and the bonus will be deposited into your Axos Bank Rewards Checking account within 10 business days following the end of the statement cycle in which the direct deposit requirement was met.
• Your Axos Bank Rewards 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 Rewards Checking account must remain open for 210 days, or an early closure fee of up to $300 may apply, equal to the amount of the total bonus earned up to $300.
• A direct deposit is an electronic deposit of your paycheck or government benefits, such as Social Security, Disability etc. Other deposits (i.e., online banking transfers, ATM and mobile check deposits, etc.) or person-to-person payments are not considered a direct deposit.
• A statement cycle is defined as a period of time that starts on the first day of the calendar month and ends on the last day of the calendar month.
• 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 210 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

Requirements for this are difficult to meet and much harder than the previous $300 bonus. You should be able to stack this with another $150 via Swagbucks, but some readers have reported issues with tracking in the past. Personally I’d recommend waiting for an easier bonus to return unless you can easily meet the direct deposit requirements for seven months (even then it’s not worth it due to the $15,000 deposit requirement). Because of that we won’t be adding it to the best bank bonus page.

Hat tip to Bockrr

Useful posts regarding bank bonuses:

• A Beginners Guide To Bank Account Bonuses
• Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
• PSA: Don’t Call The Bank
• Introduction To ChexSystems
• Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
• What Banks & Credit Unions Do/Don’t Pull ChexSystems?
• How To Use Our Direct Deposit Page For Bank Bonuses Page
• Common Bank Bonus Misconceptions + Why You Should Give Them A Go
• How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
• Affiliate Links & Bank Bonuses – We Won’t Be Using Them
• Complete List Of Ways To Close Bank Accounts At Each Bank
• Banks That Allow/Don’t Allow Out Of State Checking Applications
• Bank Bonus Posting Times