• APY: 1.25%
  • ATM fee: 0%
  • Monthly fee: None
  • Daily withdrawal limit: $510
  • Minimum deposit: $1,000

Axos Bank Reviews, Fees, Eligibility Requirements [2022]

  • APY: 1.25%
  • ATM fee: 0%
  • Monthly fee: None
  • Daily withdrawal limit: $510
  • Minimum deposit: $1,000

Best For

Tech-Savvy Users


  • Offers multiple types of loans
  • No fees for checking or savings accounts
  • Excellent mobile banking app
  • Domestic ATM fee reimbursements


  • No physical branches
  • CD rates are below average

Axos Bank was founded in 2000 and it’s been providing many different financial services for all types of industries ever since. Many Axos Bank reviews focus on only one particular feature, so we’ve decided to give you a comprehensive guide to what this banking service is all about.

In our review, you’ll find out what financial products the company offers. Additionally, we’ll cover the pros and cons of Axos Bank and list some alternative companies to opt for.

Keep reading to learn all about it.

What Do You Need to Know About Axos Bank? 

Before we feature the options and services in our Axos Bank review, it’s important to know more about the company.

Axos Bank is a San Diego-based lender and a federally chartered online banking solution.

The bank has over 40,000 customers nationwide and an estimate of $3 billion in deposits. Axos Bank offers free ATM withdrawals at over 90,000 locations across America. Simply log in to Axos mobile banking and use the locator feature to find an ATM near you.

Axos Options

Other Axos Bank reviews may not show you all the options that are available to you when you sign up for this online banking company. Take a look at the next section to find out what banking options Axos Bank provides.

Checking Accounts

There are reviews of Axos Bank that simply don’t provide enough information on checking account options. So we’ve listed them below for you to easily find the best one for your needs:

  • Rewards checking: This checking account option requires no maintenance fees but offers unlimited domestic ATM fee reimbursements. You’ll also get up to 1.25% APY.
  • Golden checking: This option allows you to get free personal checks. You also get up to $8 free ATM reimbursements. There are also no maintenance fees on your bank account when you choose this option.
  • Cashback checking: You get up to 1% cashback on all transactions that need a signature. There are also unlimited check writing privileges and no maintenance fees.
  • First checking: With this option, you can teach children between the ages of 13 and 17 how to manage their money with a joint checking account. This option offers 25% APY and no maintenance fees.
  • Essential checking: This option allows you to get your paycheck up to two days early using Direct Deposit Express. You also get unlimited ATM reimbursement.

Savings Accounts

Savings account reviews by Axos Bank customers show that you can earn up to 0.61% APY with the Axos savings account options. There are three to choose from:

  • Certificate of deposits
  • High yield savings
  • High yield money market

Money Market Account

With the Axos Bank Money Market account, you can earn up to 0.60% APY. Additionally, you’ll only need a minimum balance of $1,000 to open an account. You also get debit card transactions and you’ll be FDIC insured.

Other Financial Products From Axos Bank

Take a look at this next section to see the prices and interest rates of each loan Axos provides.

Mortgage Loans

Axos mortgage reviews show that most customers are entirely satisfied with them, and here’s the reason why. The company offers a 0% lender fee. You can apply for a mortgage online easily, with the option to choose home purchase or mortgage refinance. Mortgage products include:

  • Portfolio loans
  • Conforming loans with loan amounts of $510,400
  • VA and FHA loans
  • Jumbo or super jumbo loans
  • Interest-only mortgage loans

If you can’t apply for a mortgage because you have a bad credit score, there are mortgage lenders working with bad credit you can apply to.

Personal Loan

Can’t find the information you’re looking for in other Axos Bank personal loan reviews? Look no further. Here is a breakdown of what they offer.

You can get a personal loan between $5,000 and $35,000. Applying for a personal loan with Axos won’t affect your credit score. A personal loan is also an excellent option for debt consolidation. No collateral payments are required, and there are no prepayment penalties.

Axos offers some of the best personal loan options. The application process is quick and easy, and you’ll appreciate that there are no hidden fees.

Auto Loan

We bet there aren’t many Axos Bank loan reviews that mention that the company offers auto loans. You can refinance your auto loan with the company, too. Use the online banking calculator to see how much it will cost you. You can get an auto loan of up to $10,000.

Who Is Axos Bank Best For?

Reviews by Axos Bank small business banking customers show that this lender is ideal for entrepreneurs and those who handle commercial finances for larger corporations. It’s also great for tech-savvy people because you can apply and manage your expenses online.

Unfortunately, Axos Bank uses ChexSystems. This system provides information about the use of deposit accounts by consumers. If you’re looking for banks that don’t use ChexSystems, there are plenty of options to choose from.


  • Offers multiple types of loans
  • No fees for checking or savings accounts
  • Excellent mobile banking app
  • Domestic ATM fee reimbursements


  • No physical branches
  • CD rates are below average

How Does It Work?

Open an Axos bank account through the company’s website. Then pick the type of banking you want such as savings, checking, and more. The online platform has an FAQ section that answers all your questions about how to do direct deposits, add account owners, and more.

There’s also a section on IRA savings accounts and what the requirements are for drawing cash or making deposits.

How Safe Is It?

If you take a look at Axos Bank customer reviews you’ll see that the banking app is secure and safe to use. The bank is FDIC insured (FDIC is one of the two major agencies that secure depositors in the US).

App Security

Since Axos Bank is an online platform it’s important to have extensive cybersecurity to protect your personal information. Axos Bank uses 128-bit SSL encryption to create a secure connection on the mobile banking app.

Customer Service Support

Axos Bank has a telephone number you can call for each service department. You can also send a secure message when logging into your mobile banking app. The bank is available 24/7 for personal loans except on Thanksgiving and Christmas.

The working times of the other departments are usually between 7 a.m. and 6 p.m., Mondays to Fridays.

Axos Bank Customer Reviews

There hasn’t been plenty of Axos Bank reviews or complaints. There are a few customer reviews you can find on Trustpilot. Many customers love the different types of accounts the bank offers but others complain that the app can be difficult to work with. Most customers say that the security is good but that customer service can be a bit slow.

There are Axos Bank mortgage reviews from customers that have given this loan option five-star ratings because it doesn’t have lender fees. You can get approved if you have a credit score between 580 and 620.


Are you finding it difficult to use Axos Bank? Do you want lower exchange rates on various currencies when using a Mastercard or Visa overseas? Then perhaps the following alternative banks are a better fit for you. Take a look at the Simple Bank and Chime Bank review in the next section.

Simple Bank vs Axos

Simple Bank is another online banking service provider that is a great alternative. You can avoid annoying banking fees and you get automated budget tools with your account. Their certificate of deposit account allows you to check out at any time after 7 days.

Chime Bank vs Axos

Chime Bank is also an online bank service that offers no overdraft fees or monthly fees. Additionally, you can get your paycheck up to two days early with direct deposits. This bank also offers the best CD rates.


Axos is a secure online banking solution that offers plenty of account options and loans with low rates. The app also has a foreign currency rate calculator you can use to help you when you want to figure out what the exchange rates are for different currencies.

It’s the best online banking app for those who are tech-savvy because the interface is effortless to use and it allows you to do everything online. You’ll also appreciate the ATM fees reimbursement feature this bank offers.


Does Axos Bank have local branches?

No, Axos is strictly an online banking solution so it doesn’t have local branches. However, users have access to over 90,000 ATMs across the US.

Is Axos a real bank?

Yes, Axos is a real bank but it offers virtual or remote banking solutions. The company does have brick-and-mortar headquarters but no actual buildings for the banks.

Does Axos Bank deposit early?

Axos Bank does have a Direct Deposit Express feature that allows your paycheck to be deposited up to 2 days early. Take a look at one of the Axos Bank reviews, including ours, for more information about the different accounts you can opt for.


I learned a lot about finance after working for a digital marketing company specializing in investing and trading stocks, forex, etc. After that, I got exposed to other verticals such as wealth management and personal finance, which further improved my understanding of the financial world.