American Express Business Checking vs Axos Basic Business Checking: which one fits your business?
Side-by-side comparison of American Express Business Checking and Axos Basic Business Checking — fees, features, ease, support, and which one fits your business. Scored on the same rubric.
Short answer: it's a tie on our scorecard — pick on fit, not score.
| Scored on | American Express Business Checking | Axos Basic Business Checking |
|---|---|---|
| Right fit for small biz | 7 | 8 |
| Ease of use | 8 | 8 |
| Fees & pricing | 9 | 9 |
| Customer support | 7 | 6 |
| Features | 7 | 7 |
| Monthly Maintenance Fee | $0 | $0 |
| Domestic ACH | $0 | — |
| Incoming Wires | $0 | — |
| Minimum Opening Deposit | $0 | $50 |
| Transaction Limit | — | 200 per month ($0.30 thereafter) |
| ATM Fees | — | Unlimited domestic reimbursements |
American Express Business Checking in one paragraph
A powerhouse for existing Amex loyalists who want to earn passive interest on their cash without the headache of monthly maintenance fees.
Skip it if: You need to deposit physical cash regularly or require Zelle to pay your contractors.
Axos Basic Business Checking in one paragraph
A rock-solid, zero-fee utility account for digital-only businesses that want the security of a direct bank relationship without the 'fintech' middleman.
Skip it if: Skip it if your business handles more than $3,000 in physical cash monthly or exceeds 200 transactions regularly.
Frequently asked questions
Who should skip American Express Business Checking?
You need to deposit physical cash regularly or require Zelle to pay your contractors.
Who should skip Axos Basic Business Checking?
Skip it if your business handles more than $3,000 in physical cash monthly or exceeds 200 transactions regularly.