Axos Bank Review 2025
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At a glance
Overview
Axos Bank is a good choice for people who are comfortable doing all their banking online and want a free checking account with access to lots of fee-free ATMs and unlimited ATM fee rebates. While the bank offers competitive checking accounts, you can find higher interest rates for savings accounts at other banks.
Highlights:
24/7 Customer Service ATM Fee Refunds No Monthly FeesHighlights:
CDs
Checking
Savings
MMA
Offers featured here have been sponsored which impacts how, where, and in what order the products appear. Not all offers are displayed on this page.
These are sponsored offers rated highly by us for competitive rates, fees, and minimums.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 4.4/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 4.2/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 4.4/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Offers featured here have been sponsored which impacts how, where, and in what order the products appear. Not all offers are displayed on this page.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
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 no fees. However, their certificates of deposit (CDs), savings and money market accounts earn rates that are lower than what you'll find at many other banks.
Pros
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Most Axos Bank accounts don’t charge a monthly fee nor have a minimum balance requirement.
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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.
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Axos Bank customers have access to around 91,000 in-network ATMs.
Cons
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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.
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Axos Bank banking products
Axos Bank High Yield Savings account
Pros
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An ATM card is available.
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The savings account doesn’t charge a monthly maintenance fee nor requires a minimum balance to open the account, which is typical of online banks.
Cons
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The APYs are significantly lower than what you can find elsewhere.
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Transactions and withdrawals are limited to six per month. There’s an uncapped $10 fee per withdrawal above that limit.
Rate history for Axos Bank's Savings account
See how rates for this account have changed over time. Interact with the trend lines to view APY by date.
Axos Bank certificates of deposit
Pros
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CDs are offered in a solid range of terms.
Cons
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Other online banks pay much higher yields.
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While relatively standard, the $1,000 minimum deposit is higher than what some other online banks require.
Rate history for Axos Bank's CD accounts
See how rates for this account have changed over time. Select the CD term length from the dropdown and interact with the trend lines to view APY by date.
Axos Bank High Yield Money Market account
Pros
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The money market account has check-writing privileges.
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A debit card is provided.
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The account doesn’t charge monthly fees.
Cons
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Significantly higher APYs can be found on money market accounts elsewhere.
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Transactions and withdrawals are limited to six per month. There’s an uncapped $10 fee per withdrawal above that limit.
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At least $1,000 is required to open an account.
Axos Bank Essential Checking account
Pros
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Essential Checking charges no maintenance or overdraft fees, which is typical of online bank accounts.
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There is no minimum balance requirement.
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Domestic ATM fees are reimbursed on an unlimited basis, which is a perk few banks offer.
Cons
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You won’t earn any interest with the Essential Checking account.
How Axos Bank compares to other banks
Compare different account types offered by Axos Bank. Annual percentage yields (APYs) shown were updated between Feb. 13, 2025 and Feb. 19, 2025.
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Selected bank
Axos Bank savings account
Bankrate score
3.1
Bankrate Savings rating = 3.1/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs), minimum opening deposit requirements and minimum balances to avoid monthly service fees are some of the things that make up Bankrate’s score. |
Most comparable
Vio Bank savings account
Bankrate score
3.3
Bankrate Savings rating = 3.3/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs), minimum opening deposit requirements and minimum balances to avoid monthly service fees are some of the things that make up Bankrate’s score. |
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Bankrate score
Bankrate Savings rating Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs), minimum opening deposit requirements and minimum balances to avoid monthly service fees are some of the things that make up Bankrate’s score. |
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APY
APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest. APYs last updated between Feb. 13, 2025 and Feb. 19, 2025.
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| 0.61% | 1.10% | |
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Minimum balance for APY
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| $0.00 | $100.00 | |
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Estimated earnings
Interest earned calculation based on a $50,000 deposit amount for a period of 1 year and is rounded to the nearest dollar. Exact earnings are dependent on calendar year, balance, and compounding frequency. Minimum deposit rules may apply.
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| $305 | $550 | |
| Axos Bank’s High-Yield Savings account features a reversed tier structure, meaning higher balances earn less interest. The highest yield is slightly above the national average, but well below what you can find by shopping around. Customers can request an ATM card. | Vio Bank is known as the online banking division of MidFirst Bank. The Vio Bank Cornerstone Money Market Savings Account earns a very competitive yield, requires only $100 to open and doesn’t charge a monthly maintenance fee. The account doesn’t include check-writing privileges or a debit card. | |
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N/A
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N/A
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Bankrate does not currently track additional product details for this bank.
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APY offering:
1.10%
2/5
APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest.
Minimum balance for APY:
$100.00
4/5
The lowest deposit amount an account must have before it can earn interest.
Monthly service fee:
$0.00
5/5
A monthly charge a financial institution deducts from an account if certain requirements are not met.
Minimum balance to avoid fee:
$0.00
5/5
The lowest balance an account must maintain in order to avoid a fee.
Access to funds:
Good
4/5
A procedure that allows an individual or organization to access and manage the funds of another account holder.
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APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest.
The lowest deposit amount an account must have before it can earn interest.
A monthly charge a financial institution deducts from an account if certain requirements are not met.
The lowest balance an account must maintain in order to avoid a fee.
A procedure that allows an individual or organization to access and manage the funds of another account holder.
Bankrate does not currently track additional product details for this bank.
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Bank fees
| Fee | Charged? |
|---|---|
| Overdraft fee* | $25 |
| Non-sufficient funds fee* | $25 |
| Monthly maintenance fee** | None |
| Out-of-network ATM fee | None |
| Excessive transaction fee | $10 |
*This fee may be charged up to three times per day. The essential checking account does not charge these fees.
**There may be some exceptions. For instance, the World Checking and World Savings accounts have a $30 monthly service fee if requirements to waive it aren’t met.
Customer experience
Customer support. Phone support is conveniently available on a 24/7 basis.Axos Bank provides Essential Checking customers with quite a nice perk: unlimited ATM reimbursements in the U.S.
Digital banking. 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 on the Apple App stores.
Axos Bank provides Essential Checking customers with quite a nice perk: unlimited ATM reimbursements in the U.S.
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.
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