[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:
    William Charles
  • On January 1, 2024, 22:30
Tags: direct deposit requirednationwide bank bonusesno credit card fundingsoft pull

View Comments (57)

  • DP
    Swagbucks refused to pay the bonus:
    "Unfortunately, we found that you did not comply with all relevant terms and conditions for the activity in your attempt. 
    This reward cannot be combined with any other enrollment bonuses, including a referral reward. Offer may only be redeemed once (1) per user."
    The Axos bonus ($100 each month) continues to come in regularly.

  • Not sure if it'll ever come back, but they had a similar deal in the past that just required one month of DD (late 2022). Think I'll wait. 7 months is annoying.

  • Rakuten has an offer for $50 for opening account can be stackable that the detail. $250 despoit for $50 easy

    Exclusions: Cash Back is only available once a user direct deposited a minimum of $250.00 into your Axos Bank Rewards Checking Account within 60 days of account opening and keeps the account open for 6 months. Cash Back is only valid for new customers, one time per customer. Cash Back from Rakuten not Axos Bank. Cash Back is not available on business accounts.
    Special Terms: Using coupon codes that are not listed on Rakuten may void Cash Back. To be safe, stick to codes provided by Rakuten.
    Posting Time: Cash Back will be automatically added to your Rakuten account tomorrow.

    • I read the requirements several times thinking I'm missing something. I guess not. Doesn't look good imo, and I usually go after most bonuses.

  • @guest_1670685

    all the details have changed according to the weblink you posted

    Promo Code is now AXOS300 , expiry date is June 30th 2024 , you 'only' need a 5k DD , and lastly 'only' need 7k balance in account for 7 months

    What's interesting is that account seems to earn a 3,3% APY now, so with the bonus of $300 + $150 SB this might actually be a more interesting offer.

    What's confusing though is that the terms say:
    "The minimum balance must be achieved and maintained from September 2023 through March 2024."
    which makes no sense if you can sign up for the account till June 2024...?

      • You are right. At first glance, 3.3% APY is not bad, but after a closer look at the requirements, it is almost impossible to get to 3.3%. For most people, at most 0.4% for DD + 0.3% for debit card spending. Not a good deal after all.

      • This. Just not a couple of debits... so almost nobody is going to be getting 3.3%.

        Direct Deposit: Receive monthly direct deposits totaling $1,500 or more.
        Direct deposit is required to unlock your other interest-earning options (fairly easy)

        Debit Card Spending or Personal Finance Manager: Use your Axos Visa® Debit Card for a total of 10 transactions per month (min $3 per transaction) or link an account to activate Personal Finance Manager (PFM). (fairly easy)

        The rest are hard or impossible...

        Managed Portfolios: Maintain an average daily balance of $2,500 per month in an Axos Invest Managed Portfolios Account.

        Self Directed Trading: Maintain an average daily balance of $2,500 per month in an Axos Invest Self Directed Trading Account.

        Loan Payment: Use your Rewards Checking account to make your full monthly Axos Bank consumer loan payment. Mortgage, personal, and auto loans are eligible.

    • They probably forgot to updated the date for balance maintenance after they extended the offer till June 2024

  • PFS has an enticing offer: Receive $75 for depositing $750 after 30 days. I'm going for it, as it's a low deposit requirement, and you tie up your money for just 30 days. I've had no issues with PFS. Payment now is by e-check. They seem to have problems paying by PayPal.

    • Requirements to earn $75:
    • Must be signing up to Axos Bank for the first time.
    • Must get approved for Rewards Checking and deposit $750 or more.
    • Account must remain open for at least 30 days.
    • Click the PFS link and sign up in the same browser session.

    To earn, it is essential that you carefully follow the instructions below and comply with all of the following. If you do not follow the instructions or comply with these Important Terms & Disclaimers correctly, you will not successfully complete the offer and will not earn $75 from PFS.
    This $75 earning is distributed by PFS, not by Axos Bank. Must create an Axos Bank account through the PFS affiliate link. Offer only valid to new Axos Bank users. Must enter valid sign-up information, SSN, and account funding information to earn. Must be approved and fund at least $750 earn. Fundings under $750 are not eligible to earn. Must keep account open for a minimum of 30 days to be eligible. This reward cannot be combined with any other enrollment bonuses, including a referral reward. Offer may only be redeemed once (1) per user. Multiple users who want to complete this offer from the same household should use different devices and different internet connections. This offer is presented to you by PFS on behalf of a third-party merchant or sponsor ("Merchant"). PFS does not endorse (and therefore is not responsible to you for) the Merchant's views, policies, products or services. Have questions? Please contact PFS.

  • Now the daily balance requirement is down to $7,000, better than the previous $15,000. Still not very good though considering the 5% interest elsewhere, if the $300 and 15000 SB can't stack successfully

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