Update 3/2/22: Deal is back and valid until 3/31/2022.
Update 11/6/21: Deal is back, requires a rewards checking account instead of essential checking account and $1,500 direct deposit instead of $1,000. Hat tip to Jason_08
Offer at a glance
- Maximum bonus amount: $100
- Availability: Nationwide
- Direct deposit required: Yes, $1,500+
- Additional requirements:
- Hard/soft pull: Soft pull
- ChexSystems: Unknown
- Credit card funding: No
- Monthly fees: None
- Early account termination fee: $50, 180 days
- Household limit: None
- Expiration date:
May 31, 2021November 30, 2021
The Offer
- Axos Bank is offering a $100 bonus when you open a new Rewards Checking account when you use promo code LUCKY and have a Direct Deposit totaling at least $1,500 from a third party within the first 60 days of account opening to your Rewards Checking account to qualify for this bonus
The Fine Print
- Application using promo code GET100 must be submitted before 11:59pm PST on 05/31/2021 to qualify.
- You must open your new Essential Checking account at the same time as your High Yield Savings account and have a Direct Deposit totaling at least $1,000 from a third party within the first 60 days of account opening to your Essential Checking account to qualify for this bonus.
- Bonus will be deposited into your new checking account within 5 business days of your third statement cycle date.
- Accounts must remain open for 180 days or an early closure fee of $50 may apply.
- Must be new funds to receive bonus credit.
- Terms and conditions subject to change without notice.
- Bonus may be taxable and reported on IRS Form 1099-MISC.
- Consult your tax advisor.
- Bank reserves the right to limit each customer to one new account-related gift incentive per calendar year.
- NOTE: “New Funds” is defined as funds that did not originate from another Axos Bank brand account.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Neither of these accounts have a monthly fee.
Early Account Termination Fee
There is a $50 fee if the account is closed within 180 days of account opening.
Our Verdict
There is also a $100 Axos business checking bonus. This looks to be an easy bonus to do with no real requirements, we will add this to our list of the best bank account bonuses. Not possible to stack this with the $20 referral bonus as that requires a different account. Might be stackable with the 4,000 Swagbucks offer though.
Hat tip to reader JesC
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
