Axos Bank Business Checking
Basic = $0 monthly + unlimited items + unlimited domestic ATM rebates. Interest = waivable $10 + declining-tier APY.
Brex Business Account
Startup / mid-market treasury + multi-user spend platform; $0 banking fees; no cash/ATM
Costs & Fees
| Metric | Axos Bank Business Checking | Brex Business Account |
|---|---|---|
| Monthly maintenance | Basic: $0 unconditional. Interest: $10/mo waived if average daily balance ≥ $5,000 | $0 banking. Software: Essentials $0/user; Premium $12/user; Enterprise custom. |
| Fee waiver | Interest Checking only — $5,000 ADB waives $10 monthly fee. Basic has no monthly fee. | N/A — banking already $0; software is plan-priced |
| Transaction fees | Basic: unlimited items (debits, credits, deposited items). Interest: 100 free items/month then $0.50 each. RDA deposits count as 2 items; 60 RDA items/month cap on both. | No published per-item or excess-item fees. Effectively unlimited electronic items at $0. |
| Overdraft/NSF | NSF paid or returned item $25 (max $75/day); no fee if negative balance less than NSF fee. Returned deposited item $10. Linked-account OD transfer free. | Overdrafts not permitted. Dollar fee amounts not disclosed. Negative 30+ days → closure per Column DDA. |
| ATM fees | Axos charge $0. Unlimited domestic third-party ATM surcharge reimbursements on both products. International ATM surcharges not reimbursed. | Not offered — no ATM network. No cash withdrawal from account or Brex cards. |
| Wire/ACH | Incoming domestic + international: $0. Outgoing domestic: $15. Basic reimburses 2 outgoing domestic wires/month. Outgoing international: $50. Online/automated transfers free. ACH origination is treasury add-on. | Incoming/outgoing domestic and international wires $0 Brex-issued. ACH domestic and international $0. Intermediary/recipient fees possible. Customer reimburses intermediary costs per Column DDA. |
Interest & Yields
| Metric | Axos Bank Business Checking | Brex Business Account |
|---|---|---|
| Checking APY | Basic: none. Interest: tiered variable — 1.01% ($0–$49,999.99), 0.20% ($50k–$249,999.99), 0.10% ($250k–$4,999,999.99), contact RM at $5M+ | None — uninvested Checking cash earns no yield |
| Savings APY | Business Premium Savings advertised up to 3.60% APY as of 9/2/2026 — separate product, not checking APY | |
| FDIC coverage | Standard FDIC $250,000 per depositor per ownership category at Axos Bank (Cert 35546) | Checking: $250,000 at Column N.A. per ownership category (all sub-accounts share cap) |
Features & Access
| Metric | Axos Bank Business Checking | Brex Business Account |
|---|---|---|
| Branch/ATM network | No SMB retail branches. Any U.S. ATM with unlimited domestic surcharge rebates (~90,000+ network cited). Cash deposits at deposit-taking Allpoint+/MoneyPass ATMs only. | None. No branches, ATMs, or cash rails. |
| Mobile app | iOS ~4.7; Android ~4.6 (~10.1K reviews); NerdWallet weighted ~4.52 (Feb 2026) | Google Play 4.6 (~2.16k–2.18k reviews). iOS U.S. rating should be re-checked live. |
| Virtual cards | Standard Visa debit only; virtual employee cards not disclosed | Included — charge card product with spend limits and policies (Premium: multiple customizable policies) |
| Opening deposit | Basic: none. Interest: $100 | $0 |
| Eligibility | U.S. companies only — sole prop, GP, LLC, LP/LLP, C-corp, nonprofit corp, association/HOA. U.S. resident signer with SSN and physical business address required. | U.S.-organized C-corp, S-corp, LLC, LLP only. Not sole props, consumers, unincorporated partnerships, or foreign-registered entities. Nonprofits case-by-case. |
Pros & Cons
Axos Bank Business Checking
Pros
- Basic: $0 monthly, $0 open, unlimited item processing (Agreement 07/2025)
- Unlimited domestic ATM surcharge rebates on both products
- Incoming domestic and international wires $0 on fee schedule
- Basic reimburses two outgoing domestic wire fees per month
- Interest Checking publishes dated deposit APY (1.01% as of 9/2/2026) with no spend gate; IntraFi ICS to $265MM
Cons
- No branches; cash is ATM/retail-constrained with possible retailer fees
- Interest Checking: $0.50/item after 100 plus 60-item RDA cap; APY falls sharply above $50k
- RDA availability can be five business days by contract
- Business support weekday-only; reviews cluster on holds, portal bugs, slow ops
- Outbound international wires $50 + undisclosed FX; no multi-currency; weak native multi-user
Brex Business Account
Pros
- $0 opening, maintenance, ACH, check, and wire fees (Brex-issued)
- Three-bucket design: Column DDA + up to $6M Vault sweep + DGVXX Treasury (3.71% as of 09/01/26)
- 512 sub-checking accounts with distinct account/routing numbers
- Same-day outbound ACH at $0; 3:15 p.m. ET cutoff documented
- Tight coupling to expense, bill-pay, virtual charge cards, and API
Cons
- No cash, no ATM, no branches
- Checking and Vault earn 0%; Treasury yield is MMF/SIPC, not FDIC checking APY
- Eligibility excludes sole props and foreign entities; scale screen plus abrupt closure history
- Checking FDIC only $250k across all sub-accounts; $6M is sweep-only with caveats
- Card FX up to 3%; Premium software $12/user; wire FX markup not published
Verdict
Axos Bank Business Checking
Axos Bank offers two online SMB checking accounts at a direct FDIC member bank (Cert 35546). Basic Business Checking is structurally cheap: $0 monthly, $0 open, unlimited items, free incoming wires, and two reimbursed outgoing domestic wires — ideal for digital SMBs. Business Interest Checking adds tiered APY (1.01% below $50k as of 9/2/2026) but charges $10 unless $5k ADB and meters items after 100. Both cap mobile deposits at 60 items with up to 5th-business-day availability. IntraFi ICS to $265MM helps large balances but checking APY collapses above $50k. Weak on branches, cash, multi-user, and 24/7 support. Price Interest against the $50k APY cliff and item cap.
Brex Business Account
Brex business account is a three-bucket cash-management stack at Column N.A. (FDIC #58224, routing 121145349). Checking 0% APY with $250k FDIC shared across 512 sub-accounts. Vault sweeps to program banks for up to $6M FDIC (0% yield). Treasury in DGVXX via Brex Treasury LLC — up to 3.71% 7-day yield as of 09/01/26, not FDIC. Banking fees $0 on ACH/wires/checks. No cash/ATM/branches. Corp/LLC/LLP only; scale underwriting. Premium $12/user. Capital One acquired Brex Apr 2026. Closure risk is operational concern — keep backup bank. $1,000 card promo through Sep 30, 2026.