Bank of America Business Advantage Banking vs Axos Basic Business Checking
Bank of America Business Advantage Banking returns more on the money it ties up, so it is the better first move for most people. Axos Basic Business Checking still makes sense if its requirement is easier for you to meet.
| Bank of America Business Advantage Banking | Axos Basic Business Checking | |
|---|---|---|
| Bonus | Up to $750 | Up to $200 |
| Requirement | Hold $5k ($400) or $15k ($750) ~60 days. | Hold $3,000 avg · $50 per cycle · code START200. |
| Direct deposit | Not required | Not required |
| Money tied up | $15,000 | $3,000 |
| Hold period | 60 days | 150 days |
| Effective APY | 30.4% | 16.2% |
| Payout | ~60 days | per cycle |
| Last checked | Jul 5, 2026 | Jul 5, 2026 |