About ufb DIRECT
ufb DIRECT is the online banking division of Axos Bank., which was founded in San Diego, California, in the year 2000. All accounts opened with ufb Direct are provided by and backed by Axos Bank.
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ufb DIRECT Overview
ufb DIRECT is an online-only bank that offers checking, money market, and savings accounts. Unline most online-only banks, ufb DIRECT offers an ATM card and fee-free access to more than 90,000 MoneyPass and Allpoint network ATMs nationwide.
| No monthly service charges on most accounts. | Online-only bank. |
| No minimum opening deposit requirements. | The money market account requires a minimum $5,000 average daily balance to waive the $10 monthly service charge. |
| Competitive APYs on many of its accounts. | |
| Fee-free access to more than 90,000 Allpoint and MoneyPass ATMs nationwide. |
ufb DIRECT Product Offerings
Checking Accounts
ufb DIRECT offers one personal checking account with an APY below the national average of 0.01% for checking accounts. Here are the latest account details for April 2025:
Money Market Accounts
A money market account is an interest-bearing hybrid between a savings account and a checking account. ufb DIRECT offers one personal money market account with a relatively low minimum opening deposit and a highly competitive APY. Here are the account details for April 2025:
Savings Accounts
A savings account is a type of bank account that allows you to save your money while earning interest. ufb DIRECT offers two online savings accounts, both of which competitive yields. Here are the latest savings account details for April 2025:
Bank Fees
Monthly service charge: $10(money market account) if balance requirement is not met
Paper statement fee: $5
ufb DIRECT Features
ufb DIRECT's customer service is available via phone 24 hours a day, 7 days a week. They also operate an online chat that is available weekdays from 8 a.m. to 5 p.m. The bank also offers its mobile app, which allows customers to view their account details and make transfer transactions to deposit and withdraw funds.
ufb DIRECT FAQs
Our Take
ufb DIRECT is the online-only banking division of Axos Bank. The bank does not offer any CDs, but it does offer checking, money market, and two savings accounts. Although the checking account does not offer a competitive APY on its own, when combined with a savings account, the yield earned can be as high as the other accounts. The money market account is the only one that requires a minimum balance to waive a $10 monthly service charge. Although the bank does not offer any CD accounts, it may be a good choice for those individuals who are looking for higher-than-average yields and can set their money aside with an online-only bank.
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.