[Expired] Axos Bank $300 + $100 (Direct Deposit Required)

Deal has ended, view more bank account bonuses by clicking here.

Update 9/9/22: Rebatesme is now $100.

Update 9/7/22: Bonus is now $300. You can also stack this nicely with $80 from RebatesMe or 12,000 from MyPoints or $65 from Swagbucks with simple $50 deposit. (ht Ann, Raymond)

Offer at a glance

• Maximum bonus amount: $100 $150 $300
• Availability: Nationwide
• Direct deposit required: Yes, $1,000-$7,000
• Additional requirements:
• Hard/soft pull: Soft pull
• ChexSystems: Unknown
• Credit card funding: No
• Monthly fees: None
• Early account termination fee: $150, 180 days
• Household limit: None
• Expiration date: May 31, 2021 November 30, 2021 May 31, 2022

The Offer

Direct link to offer

• Axos Bank is offering a $300 bonus when you open a new Rewards Checking account when you use promo code RC300. Bonus you receive depends on your Total Qualifying Direct Deposit amount in 30-day Evaluation Period::
  • $1,000 – $1,999, cash bonus $50
  • $2,000 – $6,999, cash bonus $100
  • $7,000 or more, cash bonus $300

The Fine Print

• To receive up to a $300 Bonus: An Axos Bank Rewards Checking application that includes the promotional code “RC300″ must be submitted between 9/7/2022 at 12:00am PST and 11:59pm PST on 11/07/2022 to qualify. You must open your new Rewards Checking account and have qualifying direct deposit(s) see table below. Total Qualifying Direct Deposit amount in 30-day Evaluation Period
• You must have these deposit amounts within a single calendar month during the first three (3) calendar months your account is open, including the month in which your account was opened. Direct deposit funds must be new to bank from a third-party source (not originated from another Axos Bank brand account) to receive bonus credit. All eligible awards will be delivered to your Rewards Checking account within 30 days following the 90-day waiting period. Account must remain open for 180 days or an early closure fee of $150 may apply. A member may only qualify for one bonus tier and will not be eligible for future bonus payments if inflows subsequently increase beyond the 30-day Evaluation Period.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Neither of these accounts have a monthly fee.

Early Account Termination Fee

There is a $150 fee if the account is closed within 180 days of account opening.

Our Verdict

Previously this was a $100 bonus without a direct deposit requirement. There is also a $100 Axos business checking bonus. Not possible to stack this with the $20 referral bonus as that requires a different account. If you can meet the higher direct deposit requirements then this is definitely a better bonus. We will add this to our best bank bonus page.

A reader notes that this deal is stackable with the 4,000 Swagbucks offer or 6,800 on MyPoints which is worth a few dollars more.

Hat tip to reader JesC

Useful posts regarding bank bonuses:

• A Beginners Guide To Bank Account Bonuses
• Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
• PSA: Don’t Call The Bank
• Introduction To ChexSystems
• Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
• What Banks & Credit Unions Do/Don’t Pull ChexSystems?
• How To Use Our Direct Deposit Page For Bank Bonuses Page
• Common Bank Bonus Misconceptions + Why You Should Give Them A Go
• How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
• Affiliate Links & Bank Bonuses – We Won’t Be Using Them
• Complete List Of Ways To Close Bank Accounts At Each Bank
• Banks That Allow/Don’t Allow Out Of State Checking Applications
• Bank Bonus Posting Times

Bonus history:

• Update 7/13/22: Bonus is now $100.
• Update 5/2/22: Deal is back and up to $150 now with the same direct deposit requirement. Use promo code MAY150. Valid through May 31, 2022. (ht Diego) Should be stackable with the Swagbucks $40 deal as well for $190 total. Or $50 from RebatesMe (link).
• Update 3/2/22: Deal is back and valid until 3/31/2022.
• Update 11/6/21: Deal is back, requires a rewards checking account instead of essential checking account and $1,500 direct deposit instead of $1,000. Hat tip to Jason_08