Newest Axos Bank Promotions: Best Offers, Coupons and Bonuses June 2020

Score a cash bonus with one of these Axos Bank promotions.

San Diego-based Axos Bank provides online small business and personal banking services you’d expect from a larger bank. Banking with Axos gives you access to checking and savings accounts, vehicle loans, mortgages and more. A GOBankingRates survey found that many of the participants place conveniences such as branch location as most important when choosing a bank, missing out on lucrative bank bonuses and other competitive offers.

Take a look at the latest Axos Bank promotions and how you can qualify for them:

Axos Bank Promotions at a Glance

Axos Bank offers a wide range of financial services, from deposit accounts to lending. Here’s a closer look at the current Axos Bank promotions.

Best Axos Bank Promotions: June 2020 
AccountCash Value of BonusExpiration Date
San Diego Resident Welcome Promotion$50June 30
Essential Checking Account Promotion$50None
Mortgage Loan Promotion$995None

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Current Axos Bank Promotions

To earn the current Axos Bank promotions, you’ll need to follow certain rules to qualify. Here’s what you need to know:

San Diego Resident Welcome Promotion: $50 Cash Bonus Offer

Axos Bank’s headquarters is in San Diego, California. Residents of San Diego receive a $50 cash bonus when they sign up for an Essential Checking account. Here are all the details:

  • Cash value: $50
  • Minimum deposit to qualify: None
  • Expiration date: June 30
  • How to get it: Open an Essential Checking account, use the Axos promo code SDLOCAL and receive at least $1,000 in direct deposits within 30 days of opening the account.
  • When you’ll get it: Once the direct deposit requirement is met, the bonus will be deposited in $25 increments within five business days of your statement cycle date.
  • Terms and conditions: For residents of San Diego
  • Monthly fees: None
  • Promotion page: San Diego Resident Welcome Promotion

See: Best Checking Accounts of 2020

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Essential Checking Account Promotion: $50 Cash Bonus Offer

Axos Bank provides new customers a $50 cash bonus when they open an Essential Checking bank account. The account comes with no fees, including no expensive overdraft charges. Plus, you’ll receive your direct deposit two days early. Here’s what you need to know to earn the $50:

  • Cash value: $50
  • Minimum deposit to qualify: None
  • Expiration date: None
  • How to get it: Open an Essential Checking account, use the Axos promo code EXECTRAS50 and maintain a $1,000 balance.
  • When you’ll get it: Once you maintain the $1,000 balance for at least two months
  • Terms and conditions: Must be a legal U.S. resident
  • Monthly fees: None
  • Promotion page: Essential Checking Account Promotion

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Everything You Need To Know: How To Open a Bank Account Online

Mortgage Loan Promotion: $995 Cash Bonus Offer

Axos provides home mortgages with competitive interest rates. The bank is offering to waive the lender fee, worth $995 when you qualify for a home loan of $250,000 or more. Besides the $995 offer, open an Axos Total Loan Rewards checking account and receive 3% cash back per year, for a maximum bonus of $1,200 per year for the life of the loan. Here’s how to qualify:

  • Cash value: $995
  • Minimum deposit to qualify: N/A
  • Expiration date: None
  • How to get it: Qualify for an Axos home mortgage loan
  • When you’ll get it: At closing
  • Terms and conditions: You must have an existing Axos Bank checking account or open a new one during the loan application process. If your loan is less than $250,000, the closing cost waiver is $795.
  • Monthly fees: N/A
  • Promotion page: Mortgage Loan Promotion

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Opening an Axos Bank Account

Opening an Axos Bank account takes just a few minutes. If you’re a legal U.S. resident, you’ll need to choose your account and complete the online application. All you need to apply is:

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  • Social Security number
  • Valid U.S. driver’s license, military or state ID
  • Valid U.S. address (no P.O. Boxes)
  • A current routing number and bank account number or a credit or debit card for account funding

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Are Axos Bank Promotions Worth Switching For?

Axos Bank is an award-winning bank with plenty of banking services for low fees. Even if the bank wasn’t offering any cash bonuses, Axos is a good choice if you’re in search of a new bank. Axos Bank is an online-only bank, however, so if a face-to-face banking relationship is important to you, you may want to look elsewhere.

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This content is not provided by Axos Bank. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by Axos Bank.

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