About Axos Bank
Axos Bank was founded in 2000 as the Bank of the Internet, USA. In 2018, the bank was rebranded as Axos Bank. As it is an online-only bank, it does not have any branches but does participate in the Allpoint and MoneyPass ATM networks, which make 91,000 ATMs available to customers across the country.
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Axos Bank Overview
Axos Bank is an online-only bank that offers a wide range of banking products such as checking, money market, savings and CDs for individuals and businesses. Their products are low or no cost with little to no required minimum opening deposits, but the big drawback is that their APYs are not very competitive unless certain requirements are met.
| More than 91,000 ATMs nationwide via Allpoint and MoneyPass networks. | APYs are not very competitive compared to other online banks. |
| No monthly service charges for many of its products. | No physical branches. |
| Customer service is available 24 hours a day, 7 days a week. | |
| Unlimited ATM rebates for transactions within the U.S. |
Axos Bank Product Offerings
Savings Accounts
A savings account is a deposit account at a bank or credit union that insures your principal up to the FDIC or NCUA limitations and generally pays a modest interest rate. Axos Bank offers a few different savings account options that offer great features but lack the competitive APY generally associated with an online-only bank.
Checking Accounts
Axos Bank currently offers several personal and business checking accounts with little to no opening balance requirements and little to no monthly service charges. Here are our top checking account picks that are excellent for day-to-day; just don't expect competitive yields.
CDs
A certificate of deposit (CD) is a form of savings account that pays a fixed interest rate on the money in the account for a certain period of time, known as a term. Axos Bank offers CDs with terms ranging from 3-months up to 5-years. All of their CDs are at or below national average yields for similar CDs. Here are some of their top CD accounts for April 2025:
Bank Fees
Overdraft fee: None
Savings and Money Market Account withdrawals: None
Account closure fee: None
Wire transfer fee: Domestic - Incoming is $35 and outgoing is $35; International - Incoming is $45 and outgoing is $45
Non-network ATM fee: None
Monthly service charge: $10-$30 depending on the account
Stop payment fee: $35
Paper statement fee: $5
Axos Bank Features
Axos Bank has an excellent mobile app that allows customers to manage their accounts, pay bills, deposit checks, and transfer funds internally and to outside banks.
Axos Bank FAQs
Our Take
Axos Bank might have been the first online-only bank, but it is very different from most, if not all, online banks today. It does offer a full range of banking products, but the yields it offers are some of the lowest amongst online-only banks and, in many cases, comparable to those of traditional banks. After careful review, it may be better to find a different online-only bank with competitive yields and similar features as Axos, such as little to no opening deposit requirements and no monthly service charges.
Methodology
Our editorial staff continually updates the information contained on our website. Our editorial staff has analyzed virtually all of the banks and credit unions that it follows, and it does weekly rate analysis for more than 250 prominent banks and credit unions. These institutions were chosen because they provide competitive APYs, low fees, and other factors we find important. These banks and credit unions often provide accounts that are available nationally. All of these banks are FDIC-insured, and all of these credit unions are NCUA-insured. Choosing an FDIC-insured bank or an NCUA-backed credit union assures that your money is protected as long as it stays within insurance limits and requirements.