Axos Bank was one of the first online-only banks.
But, its not perfect and our review of the online bank shows both pros and cons.
Lets review the checking and savings accounts offerings, plus accounts geared to small- and medium-sized businesses.
No overdraft fees are also a plus.
Lets review three Axos Bank checking accounts and determine whether theyre the right fit for you.
In addition to the accounts below, Axos Bank also offers basic checking accounts designed for specific ages.
Overall, all of Axoss checking accounts offer good benefits without getting bogged down by monthly fees.
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Theres the high-yield savings account and, well, thats it.
It does, however, reward balances under $25,000 with a healthy 0.61% APY.
In our Axos Bank review, we found the following accounts fit for entrepreneurs.
Basic Business Checking
Business owners can get up to a $400 welcome bonus!
Use promo code BPS375.
Plus, there are no monthly maintenance fees, minimum deposits, or average daily balance requirements.
And youll get free domestic and international incoming wires.
That makes sense because Axos is based in San Diego, California.
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Is Axos Bank Right for You?
Axos Bank offers a lot of benefits, but that doesnt mean its the perfect fit for everyone.
Theres a lot to like and not much to dislike.
See how Axos compared to the other banks on our list of thebest online banks.
Frequently Asked Questions (FAQ) about Axos Bank
Yes, Axos is a legitimate online-only bank.
Axos Banks is a direct banking arm of the publicly-held company Axos Financial.
The bank is federally chartered, FDIC insured and BBB accredited.
Axos Bank was previously Bank of Internet USA and then BofI Federal Bank.
Its been known as Axos Bank since around 2018. you’re able to also access your money through a connection of 91,000 ATMs with no fees.
She is a former staffer at The Penny Hoarder.
Her work has appeared in the New York Times, CNBC, The Motley Fool, Inc. and more.
Promotional terms and conditions are subject to change or removalwithout notice.
Incentive may be taxable and reported on IRS Form 1099MISC.
An incentive of up to $375 can be earnedduring the first four (4) statement cycles.
A statement cycle is a calendar month consisting of at leastone day your account was open during that month.
An incentive of up to $400 can be earned during the first five(5) statement cycles.
A statement cycle is a calendar month consisting of at least one day your accountwas open during that month.
It sounds appealing right?
Check it out here!
