[Expired] Axos Bank $300 Checking Bonus

There is now a $500 bonus.

Offer at a glance

  • Maximum bonus amount: $300
  • Availability: Nationwide
  • Direct deposit required: Yes, $1,000+ 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: 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 FREEDOM300
    • Set up a direct deposit of $1,000 per month and earn $100 bonus per month (up to $300)

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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    William Charles
  • On March 8, 2024, 10:00
Tags: direct deposit requirednationwide bank bonusesno credit card fundingsoft pull

View Comments (720)

  • Has anyone gotten their $100 from September? I did a Chase Biz deposit and haven’t seen anything.

  • I opened 3/13/24, successfully received bonus, and I logged in today to find the checking account closed? Last statement goes through 9/2/24, so the closure was within the last couple weeks. I didn't request closure - Savings is still open. I'm not upset, just curious if Axos auto closed anyone else's account?

  • 3/27: Opened
    4/17: $1010 Wells Fargo push
    4/30: $100 Cashback Credit
    6/3: $1102 Wells Fargo push
    6/30: $100 Cashback Credit
    7/23: $1000 Wells Fargo push
    7/31: $100 Cashback Credit

    (I thought I wont be eligible for the rest of the bonuses after I missed May.)
    Thanks Axos for making this easy.

  • Has anyone gotten their $100 for August yet? Mine didn’t appear but not sure if it’s because of the holiday

      • Pushed 1501 for July on 7/8 and got $100 bonus on 7/31. Pushed $1500 on 8/8 but never got the bonus for August. I wonder if Fidelity is no longer working or if it's because I did $1500 instead of $1501. For others $1500 seemed to work :/ Hoping for the sept bonus.

  • 07/05 Opened Axos account
    07/08 - Pushed $3,000 from Fidelity CMA
    07/31 - Pushed another $1500 from Fidelity CMA
    07/31 - Statement generated from 07/05 to 07/31 showing both my deposits
    08/05 - Pulled $1,500 back to my Fidelity CMA

    08/17 - Still haven't received my bonus.

    Any idea when will I get my bonus?

    BTW, I already received my SwagBucks.

    • You have to maintain an average daily balance of $3000 which you didn't do for every day in July because you had $0 in the account from July 1-8 and the $1500 push for 1 day wasn't enough to bring that average up. However, you wouldn't have qualified for July anyway because the promotion starts in the month 30 days after your account is opened so August is the first month you'll qualify for.

  • Has anybody had trouble/issues closing this with a pre-existing UFB HYSA? I would like to ultimately close the Axos checking/savings stuff, but keep my UFB savings. Just curious if there's any goofiness there trying to do that.

  • 5/20 - Opened
    5/28 - Real $1000 DD
    6/02 - $100 CashBack Credit
    6/25 - Real $1000 DD
    6/30 - $100 CashBack Credit
    7/23 - Real $1000 DD
    7/31 - $100 CashBack Credit

  • 5/06: Opened
    5/15: $1000 Fidelity push
    6/02: $100 CashBack Credit
    6/10: $1000 Fidelity push
    6/30: $100 CashBack Credit
    7/10: $1000 Fidelity push
    7/31: $100 CashBack Credit

    • So my Fidelity push is showing as "ACH Credit - MONEYLINE FID BKG SVC LLCPPD<SomeNumber><MyName>. Is that how it posted for you as well? I presume you did a 300 promo?

    • Do you withdraw the ACH push from Fidelity back i.e. after a couple of days just submit an ACH pull request from Fidelity or keep that money in Axos?

      • Description

        ACH Credit - MONEYLINE FID BKG SVC LLCPPD #My Name

        Category

        Pending

        Type

        Deposit

    • I had an Axos bank account it than past; however, I never received a bonus for it. Do you believe I could open a new account and apply for this bonus?

  • If I push a deposit then pull it a few days later(before 1st of month) will I still qualify?

    • Yes, you can spend/pull your DD as you like as soon as it’s in your Axos account.

      Of course, you’ll only qualify for the $100 if the push counts as a DD.

  • I opened my account in July and did a $1K+ DD but no bonus today. P2 received $100 for the $500 promotion today.

    • Which promo did you do?
      Current one requires $1,500 dd, but you said you did $1,000+. How much did you do?
      Current promo also requires an avg daily bal of $3k.
      Could also be an issue w your dd method.

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