Business Checking Accounts
All Digital, No Hassle. Checking Made for Business.
Open a business checking account with digital banking features built for your strategies and ambitions.
Choose your promo code and get started.
For newly formed businesses who are just getting started.
Small business accounts that provide real-time solutions.
Little to no fees means you can put that money back into your business.
Make business transactions and grow your money at the same time.
Enjoy business banking anytime, anywhere with the Axos All-In-One Mobile App.
Compare Business Checking Accounts
Choose the account that best fits you and your business goals.
Basic Business Checking
KEY FEATURE
Best bank account for new businesses
- No monthly maintenance fees
- No initial deposit or minimum balance fees
- Free domestic and international incoming wires
Business Interest Checking
KEY FEATURE
Best bank account for established businesses
- Earn up to 1.01% APY*
- $100 minimum opening deposit
- No monthly fee with $5,000 minimum average daily balance.
Award-Winning Business Checking
See why Axos is getting recognized for its checking accounts. Manage your business finances with confidence.
Why is it important to separate business and personal finances?
- Security: Keeping your funds separate gives you limited personal liability protection if your business faces a lawsuit or liability.
- Establishing Credit: When you make substantial startup purchases with your business account, you build credit history for your business and increase your purchasing power.
- Tax Purposes: The tax filing process will be more streamlined, and it could save you the possible trouble of having your business and personal accounts audited by the IRS.
At Axos, helping small business owners succeed is our passion. But we don’t just say it. We put words into action by allowing you to save time and money with easy, convenient digital banking.
Forget waiting in line at a branch. And because we don’t have the cost of physical branches, we pass those savings along to you with fewer fees.
Business is better in the app.
Easier, smarter banking starts with the Axos All-In-One Mobile App.
- View your business and personal bank accounts.
- Send wire transfers and schedule bill payments.
- Keep your accounts safe with enhanced security measures.
- Easily move money between accounts.
- Balance your books with accounting software integration.
Get specialized account and dedicated service
Talk to a relationship manager today to get started.
Secure the future of your business.
In addition to a checking account, business savings can grow your money faster.
Frequently Asked Questions
How do I open a business checking account?
When your business is ready to spend or bring in money, it’s smart to open a business checking account. To open a business bank account, you'll need to share your basic personal information and provide some documents related to your business.
What do I need to open a business checking account?
You’ll need proper identification and paperwork. Most banks require an Employer Identification Number (EIN), ownership agreements, a business license, articles of incorporation/organization, and your Social Security Number (if you’re a sole proprietor).
Can I open a business checking account online?
Yes! There’s no need to go to a brick-and-mortar location; the entire process of opening a business checking account can be done online.
Does my business need a checking account?
While it’s not required, a business checking account is beneficial for several reasons. It gives your business more professional legitimacy; you can process credit and debit card transactions on behalf of your business; and it provides more security for your money.
Are business checking accounts FDIC insured?
Yes, your business checking accounts are insured by the FDIC – up to $250,000 for individual accounts and up to $500,000 for joint accounts. You can also access expanded FDIC coverage up to $250 million.