In today’s competitive business banking landscape, small and medium-sized businesses need financial solutions that maximize returns while simplifying operations. Holdings and Axos Bank are two modern banking platforms offering fee-free accounts tailored to SMBs, but they differ significantly in features and functionality. This comparison breaks down the key differences, highlights who each platform is best for, and links to other head-to-head matchups with top business banking competitors.
Quick Comparison Table
Feature | Holdings | Axos Bank |
|---|---|---|
Interest/APY | Tiered: up to 3.0% APY for large balances | No interest on checking accounts |
Monthly Fees | None | None |
Wire/ACH Fees | Unlimited free wires and ACH | Free incoming wires; outgoing fees apply |
Cash Deposits | Supported | Not supported |
Accounting Integration | Built-in, automated, plus QuickBooks integration | Limited to QuickBooks compatibility |
Invoicing & Bill Pay | Unlimited, included | Basic bill pay functionality |
ATM Access | Fee-free at Allpoint, cash deposit options | Unlimited ATM fee reimbursements via MoneyPass |
Minimum Balance | None | None |
Business Financing | Not offered | Lines of credit and loans available |
What Makes Holdings Stand Out?
High-Yield APY: Earn up to 3.0% APY on large balances—so your cash grows while you focus on your business.
Truly Fee-Free Banking: No monthly fees, no transaction fees, no wire/ACH fees, and no minimum balance requirements.
All-in-One Financial Platform: Banking, accounting, invoicing, bill pay, and optional bookkeeping—all in one place.
Cash-Friendly: Deposit cash at supported locations—a feature Axos Bank doesn’t offer.
Automation for Busy Owners: Automated reporting and reconciliation tied directly to banking activity.
Where Axos Bank Shines
Unlimited ATM Fee Reimbursements: Use any ATM in the MoneyPass network without worrying about fees.
Free Incoming Wires: Domestic and international incoming wires are free of charge.
Business Financing Options: Access lines of credit and term loans for growth opportunities.
QuickBooks Compatibility: Sync transactions with QuickBooks for streamlined accounting.
No Monthly Fees or Minimums: Like Holdings, Axos Bank offers a fee-free experience for most users.
Who Should Choose Which?
Holdings is best for:
SMBs looking to maximize interest on their deposits with tiered rates up to 3% APY
Businesses seeking an integrated banking and accounting solution
Companies that need invoicing and bill pay functionality built into their banking
SMBs that may benefit from optional bookkeeping services
Businesses that handle cash deposits regularly
Axos Bank is best for:
Small businesses seeking basic fee-free checking with unlimited ATM reimbursements
Companies prioritizing free incoming wires for domestic or international payments
Businesses looking for access to loans or lines of credit
Owners who use QuickBooks for accounting
Entrepreneurs who prefer a straightforward digital banking experience
What About Fees and Limits?
Holdings: No monthly fees, no transaction fees, no wire/ACH fees, unlimited free money movement, and no minimum balance requirements.
Axos Bank: No monthly fees or minimum balance requirements. Free incoming wires; outgoing wire fees apply. No support for cash deposits.
Compare Holdings to Other Top Business Banks
Curious how Holdings stacks up against other leading business banking solutions? Explore these in-depth comparisons:
The Bottom Line
Both Holdings and Axos Bank offer compelling fee-free banking solutions for SMBs—but they serve different needs. Holdings provides a more comprehensive financial ecosystem with high-yield interest rates (up to 3% APY), integrated accounting tools, invoicing, and bill pay functionality all under one roof. Its focus on automation makes it ideal for SMBs looking to streamline operations while maximizing returns on deposits.
Axos Bank excels in providing straightforward business checking with unlimited ATM reimbursements and free incoming wires but lacks the integrated financial management tools that Holdings offers.
If you’re ready to take your business finances to the next level with an all-in-one platform that simplifies operations while helping you earn more on your deposits, Holdings is built for you.
Ready to explore how Holdings can transform your business banking experience? Visit GetHoldings.com today