Axos Basic Business Checking vs Live Oak Business Savings: which one fits your business?
Side-by-side comparison of Axos Basic Business Checking and Live Oak Business Savings — fees, features, ease, support, and which one fits your business. Scored on the same rubric.
Short answer: Live Oak Business Savings wins on our scorecard (8.3/10 vs 7.7/10).
| Scored on | Axos Basic Business Checking | Live Oak Business Savings |
|---|---|---|
| Right fit for small biz | 8 | 9 |
| Ease of use | 8 | 8 |
| Fees & pricing | 9 | 10 |
| Customer support | 6 | 7 |
| Features | 7 | 7 |
| Monthly Maintenance Fee | $0 | $0 |
| Minimum Opening Deposit | $50 | $0 |
| Transaction Limit | 200 per month ($0.30 thereafter) | — |
| ATM Fees | Unlimited domestic reimbursements | — |
| ACH Transfers | — | $0 |
| Stop Payment Fee | — | $25 |
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.
Live Oak Business Savings in one paragraph
Live Oak Business Savings is the premier 'set-it-and-forget-it' vault for small business owners who want top-tier interest rates without the complexity of fintech apps or the fees of big banks.
Skip it if: You need to deposit physical cash regularly or require a debit card for immediate spending from your savings.
Frequently asked questions
Which is better, Axos Basic Business Checking or Live Oak Business Savings?
On our five-axis scorecard, Live Oak Business Savings scores higher (8.3/10 vs 7.7/10). Live Oak Business Savings is the premier 'set-it-and-forget-it' vault for small business owners who want top-tier interest rates without the complexity of fintech apps or the fees of big banks.
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 Live Oak Business Savings?
You need to deposit physical cash regularly or require a debit card for immediate spending from your savings.