Offer Details
Written by: RJ
Requirements
- Open a new Cash Back checking & Savings account package
- Promo code ‘FREEDOM300‘
- Direct deposit $1k/month for three consecutive months
- Bonus posts in increments of $100 for each month requirements are met
Eligibility
- Nationwide
- Bank reserves the right limit customers to one promotional offer per year
- Can’t have had a checking account in the past 12 months
Fees
- Cash Back checking is fee free
Account Closure
- Keep account open for 210 days
Chex
- No
Valid through: 7/31/24
Thoughts
Much better offer than the previous one.
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Editorial Note:
Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, vendors or companies, and have not been reviewed, approved, or otherwise endorsed by any of these entities.
Do you have to direct deposit to both accounts or just the checking?
This one is awesome! Instant approval and no Chex, thanks!
It looks like the time it has to be open for is reversed – you listed 210 days but its 120
“Axos Bank CashBack Checking account must remain open for 120 days, or an early closure fee of up to $300 may apply, equal to the amount of the total bonus earned up to $300.”
Does anyone know if transfers from Fidelity cash management account will qualify to meet the DD requirements?
Another nice and easy bonus! I did their business Bank bonus last year. Looks like I will be doing this one and also stack the rakuten bonus as well. Do you know if we have to maintain the monthly direct deposits of $1000 a month?
RJ
Tax Qn: Axos sent a 1099-misc instead of 1099-INT.
Is that usual? bcz 1099-misc is for self employment income.
Please share your guidance on how to report this.
In the past I’ve simply entered all the 1099s into TurboTax and called it a day. Not saying that’s right but my goal has usually been to get all the income accounted for.
Wonder if the Axos bonus team meant to write up *total* $7,000 for *after* seven months.
…”and have qualifying direct deposits that total at least $7,000.00 each calendar month during the first seven (7) calendar months your account is open as well as”…
The way they wrote that up is $7,000 each calendar month for seven months is a terrible offer. Wonder if they would revise this to $1,000 a month for seven months for a total of at least $7.000?
Then again they did list “maintain a minimum average daily balance of $15,000” by September though March 2024.