Axos Bank Review, Pros & Cons, Accounts, App and Customer Service.

Axos Bank is an online bank that gives rewards on checkings and also ATM fee reimbursements plus a strong APY on savings. But its rates on CDs could be much better.

The Axos Bank which was formerly known as the Bank of Internet USA is an online bank that does away with so many fees. And also, has the uncommon offering of rewards checking.

Axos Bank

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Just because it is an online bank, the customer service options of the bank are mostly far away. Not excluding a 24/7 phone number, secure online messaging, Twitter, and online chat.

However, if that is not a problem for you, then you should consider going for Axos Bank

The Bank is great for those customers who need high-yield savings and checking accounts. And are as well cool with online-only customer service and would gain from the unlimited ATM fee reimbursement.

Pros and Cons of the Axos Bank

The advantage and disadvantages of the bank include:


  • Domestic ATM fee reimbursements.
  • No monthly fees for checking or savings.
  • Excellent checking rates and rewards.


  • CD rates are low for an online bank.
  • It has only 2 branches.

What Does Axos Bank offer?

Despite the bank being an online bank, Axos Bank provides a host of bank account options and services. they include:

  • Checkings Accounts
  • Savings Account
  • CDs
  • Money Market Account

Savings Account

The High-Yield Savings of Axos Bank earns more interest than you will even see at your local bank. However, it is still not as much as some of the best high-yield savings accounts.

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It needs an initial minimum deposit of $250 to open an account. However, after that, there will be no, monthly minimum balance requirements.

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The rest features of the Axos bank savings account include:

  • No monthly maintenance fees
  • A 0.61% annual percentage yield (APY), not regarding your account balance.
  • Free ATM card upon request.

The saving account of Axos bank enables six total transactions per monthly billing statement. The withdrawals and the transfers made by ATM or mail are not included.

Checking accounts (Essential Checking Account)

The essential checking account is the standard checking account of the Bank. The essential checking does not earn any interest or rewards.

It provides perks like Direct Deposit Express which enables you to get paid up to 2 days early.

The checking account comes together with unlimited domestic ATM fee reimbursements and it has no monthly minimum balance requirements.

Some of the benefits of the Axos Bank Essential Checking account is that you wouldn’t have to pay for:

  • Non-sufficient funds fees.
  • Overdraft fees
  • Monthly maintenance fees


If you are looking at boosting your savings, then you should consider going for the Axos Bank CDs. CDs enable their customers to earn anticipated returns on their money over a prolonged time.

Axos Bank CDs comes together with:

  • No setup fees
  • Up to0.40% APY
  • An auto-renewal option
  • No maintenance fees
  • Free electronic interest transfers.
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Mobile App

The bank has a mobile app that is available for download from the Google Play Store and Apple App Store.

The financial institution has both iOS and Android compatible mobile apps that include every of the important online banking capabilities as well as most of the functionality of the desktop website of the company.

So if you have any plans on doing so much banking from a mobile device, ensure you download the app, as the [arent site of Axos Bank is not really mobile-friendly.

Axos Bank Login

To login to the Bank online:

  • Visit “”.
  • Once you are on the page, click on the “three horizontal lines” at the top right side of the page.
  • Then click on “Sign In”.
  • Choose the account you want to sign in to and log in to the account.

Customer service

For customer service:

  • Visit “”.
  • On the next page displayed, scroll down to the footer where you have “Support” and click on it.
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