Axos Bank Review 2023
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At a glance

CDs
Checking
Savings
MMA
About Bankrate Score
Overview
Axos Bank is good for consumers looking for an online bank with a free checking account and a wide network of no-fee ATMs.
Highlights
- ATM Fee Refunds
- Reward Checking
- 24/7 Customer Service

Bankrate Savings rating = 4.9/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.

Bankrate Savings rating = 4.7/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.

Bankrate Savings rating = 4.7/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Overall
Axos Bank is an online bank that offers a full range of deposit accounts. Its checking account stands out for its unlimited domestic ATM reimbursements and its lack of fees, yet its savings account earns rates that are lackluster.
Pros
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There is no monthly fee or minimum balance requirement for the Essential Checking account.
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Essential Checking customers get unlimited ATM reimbursements in the U.S.
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24/7 phone support is available.
Cons
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Like many other online banks, there is no branch access.
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It’s easy to find a higher rate on a savings account elsewhere.
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Customers don’t have access to peer-to-peer payment tool Zelle.
Axos Bank bank products
Axos Bank savings overview
A minimum of $250 is required to open the account, but there are no monthly maintenance fees. An ATM card is available upon request.
Pros
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An ATM card is available.
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The savings account doesn’t charge a monthly maintenance fee.
Cons
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The APYs are significantly lower than what you can find elsewhere.
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The $250 minimum opening deposit requirement is higher than the amount needed at some other banks.

Bankrate Savings rating = 4.9/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Bank experience
Axos Bank provides Essential Checking customers with quite a nice perk: unlimited ATM reimbursements in the U.S.
Customers can access their accounts through the Axos website or its mobile app to do things like pay bills, deposit checks and transfer funds, as well as check balances and account history. The bank’s mobile app is rated well on Google Play and in the App Store.
Phone support is conveniently available on a 24/7 basis.
About Axos Bank
Axos Bank is a digital bank founded in 2000 and is based in San Diego. It is the banking subsidiary of Axos Financial Inc. and holds more than $18.4 billion in assets. Perks the bank provides include 24/7 phone support as well as a free checking account with unlimited domestic ATM fee reimbursement.
Review methodology
We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. Read our full review methodology.