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

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 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: August 2020
Account Cash Value of Bonus Expiration Date
Essential Checking Account Promotion $50 None
Mortgage Loan Promotion $995 None

Best Axos Bank Promotions: August 2020  Account Cash Value of Bonus Expiration Date Essential Checking Account Promotion $50 None Mortgage Loan Promotion $995 None

 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:

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

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:

More From Your Money
Sponsors of
  • 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

Past Axos Bank Promotions, Coupons and Offers

If you heard about a Axos Bank promotion not listed here, it might have expired. While these Axos promotions aren’t currently available, they might give you some insight into future bonuses.

San Diego Resident Welcome Promotion: $50 Cash Bonus Offer

Residents of San Diego received a $50 cash bonus when they sign up for an Essential Checking account. Here are all the details:

  • Cash value: $50
  • Expiration Date: Expired
  • Minimum deposit to qualify: None
  • 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.

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:

  • 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

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.

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.

About the Author

Cynthia Paez Bowman is a personal finance writer with degrees from American University in international business and journalism. Besides writing about personal finance, she writes about real estate, interior design and architecture. Her work has been featured in MSN, Brex, Freshome, MyMove, Emirates’ Open Skies magazine and more.