Axos Bank

Axos Bank is a US digital bank offering Basic Business Checking and Business Interest Checking. Both accounts are fully online, with wire transfers and mobile banking, and the bank lists FDIC certificate number 35546.

Basic Business Checking Basic requires no opening deposit and no minimum balance, and the monthly fee is $0. It includes free incoming domestic and international wire transfers, which is useful for businesses that receive payments from abroad and want to avoid receiving charges.

Business Interest Checking The interest account needs a $100 opening deposit. Its monthly fee is waived when the average daily balance reaches $5,000. This option suits companies that hold working capital and want to earn a return on it.

Deposit protection The standard FDIC coverage limit is USD 250,000. The bank also advertises expanded coverage of up to USD 265 million through an optional programme. Statutory limits, ownership categories and eligibility rules apply.

What to clarify Outgoing wire fees, ACH limits and cash deposit options are not given in the material, so a business that depends on them should check the bank's fee schedule. Digital-only service suits firms comfortable without a branch network.