The Essential Checking account is an option to consider — especially for those incurring overdraft fees at their current bank. The account has no overdraft fees and it also features unlimited ATM fee reimbursements in the U.S.
The Essential Checking account helps you get your paycheck two days earlier.
There’s no minimum amount needed to open an account and no monthly service fee.
Axos Bank customers have access to Apple Pay.
Other checking options include the interest-bearing Rewards Checking, which requires a $25 initial deposit, CashBack Checking and Golden Checking.
The Rewards Checking earns an impressive APY. But you’ll need to earn it through direct deposit and debit card transactions.
With the Rewards Checking, new funds are required and you’ll need to have direct deposits of $1,000 or more and use your Axos debit card at least 15 times per month to get the maximum APY. Each debit card transaction must be at least $3 to count toward this total.
CashBack Checking allows users to earn up to $2,000 per month in cash back.
Golden Checking is for those 55 or older. It comes with free checks, it doesn’t have a minimum balance requirement and Axos Bank will reimburse Golden Checking customers up to $8 per month for ATM fees incurred in the U.S.
The Essential checking has no overdraft fees.
The Essential checking doesn’t have a maintenance fee.
Tiered-rates allow all balances to earn a competitive yield.
No monthly fees.
CashBack checking account requires a $1,500 minimum balance to earn the maximum cash back.
The Golden Checking only allows up to $8 of domestic ATM fees to be reimbursed per month.