Axos Basic Business Checking vs BMO Digital Business Checking: which one fits your business?
Side-by-side comparison of Axos Basic Business Checking and BMO Digital Business Checking — fees, features, ease, support, and which one fits your business. Scored on the same rubric.
Short answer: Axos Basic Business Checking wins on our scorecard (7.7/10 vs 7.3/10).
| Scored on | Axos Basic Business Checking | BMO Digital Business Checking |
|---|---|---|
| Right fit for small biz | 8 | 8 |
| Ease of use | 8 | 6 |
| Fees & pricing | 9 | 9 |
| Customer support | 6 | 6 |
| Features | 7 | 7 |
| Monthly Maintenance Fee | $0 | $0 |
| Minimum Opening Deposit | $50 | $100 |
| Transaction Limit | 200 per month ($0.30 thereafter) | — |
| ATM Fees | Unlimited domestic reimbursements | — |
| Free Transactions (Monthly) | — | 200 |
| Domestic Outgoing Wire | — | Approx. $30 |
| Cash Deposit Limit (Free) | — | Up to $3,000 (varies by region) |
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.
BMO Digital Business Checking in one paragraph
A reliable, $0-per-month 'real bank' account that is perfect for low-volume service businesses located near a physical branch.
Skip it if: Skip it if you operate a high-volume retail business with over $3,000 in monthly cash deposits or live in a state with no BMO branches.
Frequently asked questions
Which is better, Axos Basic Business Checking or BMO Digital Business Checking?
On our five-axis scorecard, Axos Basic Business Checking scores higher (7.7/10 vs 7.3/10). A rock-solid, zero-fee utility account for digital-only businesses that want the security of a direct bank relationship without the 'fintech' middleman.
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.
Who should skip BMO Digital Business Checking?
Skip it if you operate a high-volume retail business with over $3,000 in monthly cash deposits or live in a state with no BMO branches.