Getting Started With Your New Small Business Account
Welcome to Axos Bank! When you open a small business banking account with us, you’re taking a first step toward growing your business.
At Axos Bank, we’re passionate about helping your business succeed. A wide variety of valuable resources and services is now at your fingertips. We help businesses with tools including payroll solutions via ADP, treasury management, SBA loans, and merchant services.
Here’s a step-by-step guide for how to get started with your new account.
Step 1: Sign Up for Online Banking
To get started with online banking, check your email inbox for a welcome email.
First, establish your credentials. Then you will be redirected to the online banking registration page. Then create a username and password for your account.
Once you are registered, you can access your online bank account by doing the following:
Go to the Axos Bank website and select the Sign In button at the upper-right corner. Select Business Banking from the drop-down menu and then enter your login credentials.
Step 2: Download the Mobile App
The Axos Business mobile app is designed to help you manage your money anytime, anywhere.
To download the mobile app: Go to the Apple Store or Google Play store and type Axos Business in the search bar. After you download the app, log in using the credentials you created in Step 1.
Once you’re logged in, take advantage of all our mobile banking features, including:
- Mobile check deposits
- Analyzing your cash flow
- Transferring funds between accounts
- Contacting the Support Team
Step 3: Add Funds to Your Account
Adding funds to your Axos Small Business account is easy. You can choose one of three different options to deposit funds:
- Use the mobile banking app to deposit a check
- Initiate a wire transfer
- Mail a check to Axos Bank
Option 1: Deposit a Check via Mobile Banking
Download the Axos Business mobile app following the instructions in Step 2.
Use an existing check or write a new one. Confirm that the check matches your business name exactly as it is registered with Axos Bank. Endorse the check by signing the back.
Open the Axos Business mobile app and select Deposit. Select the + button on the Deposit screen’s lower right-hand corner.
Use the app to take a photo of the front and back of the check and then complete the check information fields. Select Deposit to complete the check deposit.
Once you finish depositing your check, you will receive a confirmation email. This email will contain information about your check’s hold time, which is the amount of time we retain the check funds before they are made available to you.
Option 2: Initiate a Wire Transfer
Download the Wire Request Form from our online banking portal. Arrange a wire transfer from the bank with which you wish to transfer funds.
Send your Wire Form via:
- Email: [email protected]
- Fax: 1-858-350-0443
Use the following information to complete the transfer:
Axos Bank
ABA/Routing Transit Number: 122287251
Address:
4350 La Jolla Village Drive, Suite 140
San Diego, CA 92122
For the benefit of: [Your Company Name], Account No: [Your Account Number]
The cutoff time for processing same-day wire transfers is 1 p.m. PT.
Option 3: Mail a Check to Axos Bank
Use an existing check or write a new from our current bank.
Before sending the check, make sure the name on the check matches your business name as registered with our bank. Endorse the check by signing the back.
Mail the check to:
Axos Banking
P.O. Box 509127
San Diego, CA 92150-9127
Step 4: Visit an ATM
If you are a Business Checking customer, you may use your Axos Bank Visa® debit card at any ATM in the United States. Should you incur an ATM fee, we will reimburse you within three to four business days.
Once your business account is funded, you will typically receive your Axos Visa debit card within seven to 10 business days. Cash deposits are available via MoneyPass and AllPoint networks.
Step 5: Pay Your Bills
Never miss a payment again! Bill Pay automates the bill payment process by setting up payees and scheduling automatic payments. Whether your desired bill payee is a company, individual, or financial institution, our Bill Pay system will ensure your payments get to the right place.
To set up Bill Pay:
Log into online banking via desktop or the Axos Business mobile app. Select the Bill Pay tab from the upper left-hand corner of your screen.
If this is your first time setting up a bill payment, you will need to set up your challenge prompts and security key. This adds an extra layer of security to ensure each new payee is authorized.
Next, select the "Payees" tab on the Bill Pay dashboard.
Select the "Add a Payee" button.
You have three options when adding a payee: Company, Individual, and Bank or Credit Union.
Payments to a bank or credit union will be sent electronically. Payments to companies and individuals will be sent via check. For this demonstration, we will walk through how to send a payment to company.
Enter all the information in the required fields. Once you are done, click "Submit Payee."
Once you are finished adding your payee, you will need to activate it to send payments. To do so, select the Payees tab, then select Payees Awaiting Activation in the bottom right-hand corner of your screen.
Then, select the Activate link that is located to the right of your payee.
Choose which method you prefer to receive your activation code, and once you receive the code, enter it into the appropriate field:
To schedule a single payment:
Within the Bill Pay section, select the Payments tab, then Single Payment. Then, choose to make a bill payment, an individual payment, or a tax payment. For this example, we will demonstrate how to make a bill payment.
Scroll down the Payee List until you find your desired payee. Then, select the payee.
On the next screen, select your account, enter the bill amount, then enter the date you wish the payment to be processed. Be sure to take note of the estimated arrival date. Once you’re done, select Submit.
To schedule a recurring payment:
Within the Bill Pay section, select the Payments tab, then select Recurring Payment. Then, select a bill payment or an individual payment. For this example, we will demonstrate how to make a bill payment.
Scroll down the Payee List until you find your desired payee. Then, select the payee.
On the next screen, enter the amount you wish to pay, the frequency and (optional) the recurring payment’s end date. Be sure to note your preference for when your bill payment date falls on a holiday.
On the next screen, enter the amount you wish to pay, the frequency and (optional) the recurring payment’s end date. Be sure to note your preference for when your bill payment date falls on a holiday.
Choose Submit to finish scheduling your recurring payment.
If you have any questions, our team is here to help. Call us at 1-844-678-2726, email [email protected], or open a support chat from the Axos Business mobile app.
This blog was published by Axos Bank on January 25, 2023, and last updated on January 25, 2023.
