Small Business Banking

A business bank account is designed to conduct business transactions, keeping them separate from your personal finances. You can make and receive payments in your businesses’ name instead of your name.

Read about business bank accounts

Types of business bank accounts include checking, savings, certificate of deposit (CD), and money market. Research the features of each type of account to determine what is the best fit for you.

Read about types of accounts

Small business banking is financial services tailored to small or medium-sized businesses. This can include business checking and savings accounts, merchant services, and treasury management. These services are designed for lower transaction volume and more personalized customer service.

Read about having multiple business accounts

Generally, a small business owner should have three to six months of expenses saved. This amount should keep you financially protected in the case of an emergency.

Read about starting your account

You’ll need the appropriate documentation, including Employer Identification Number (EIN), Social Security Number (if you’re a sole proprietor), ownership agreement, business license, and articles of incorporation/organization. Requirements can differ depending on the type of business you have.

Read about the items you need

No. You will likely need to provide other business documents and information.

Yes, your Axos business bank account is insured by the federal government up to $250,000 for individual accounts and up to $500,000 for joint accounts. You can get expanded FDIC coverage up to $240 million with Axos Bank InsureGuard+ Savings from IntraFi^® Network Deposits^SM.

Read about FDIC coverage