The Offer: Up to a $625 bonus when opening a new Axos checking account and stacking it with the Rakuten offer. 

Eligibility: Nationwide.

Expires: July 31, 2024.

Step 1: Stacking with the Rakuten offer, open a new Axos Rewards Checking account with promo code RC500. Rakuten is offering a $125 bonus, which is updated and links to this new Axos offer. Two ways to access the combined offer: 1) You can find it on the Rakuten website. 2) If you have the Rakuten “Button” activated on your browser, you should see the pop-up for the $125 and can click “Activate $125 Cash Back” before opening the Axos account from the Axos offer page.

Step 2: Complete DDs of $1500 or more each month. Maintain an average daily balance of at least $3000 in the checking account.

Step 3: A $100 bonus will be earned each statement cycle (starting with the statement cycle 30 days after the account is opened) when requirements are completed. You can earn a maximum of 5 payouts ($100 each month) during the 6 eligible statement cycles.

The Good:

-Reasonable DD requirement.

-No MSFs.

The Bad:

-Maintaining the $3k average daily balance in the checking account is an extra step from the previous offer and it is inconvenient, especially when those funds can earn a good APY somewhere else.

Overall: Even with the $3k hold requirement, this combined bonus offer of $625 is one of the best checking account bonuses out there. Available nationwide and multiple methods to complete the DD requirements makes this a VERY attractive bonus offer.

Link to Offer Page: Axos $500 Offer