Axos Bank review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Axos Bank suits US customers who want everyday money handled online and through the Axos app, with deposit protection under FDIC up to USD 250,000. The monthly fee of $0 keeps the cost side simple, and the bank licence is the part that matters if the money has to stay safe.
Key facts
- Best for
- US checking with a $0 monthly fee and FDIC up to USD 250,000.
- Monthly fee
- $0↗
- Licence type
- Bank↗
- Deposit protection
- FDIC up to USD 250,000↗
- Legal entity
- Axos Bank↗
- Headquarters
- United States↗
- Founded
- 2000↗
- Support channels
- Help-centre↗
- Audience
- Business, Teens
- Pricing model
- No monthly fee
- Features
- Free ATM withdrawals, Digital-only
- Official website
- axosbank.com
Pros and cons
Pros
- The monthly fee is $0, ranking 1 on monthly fee among 500 brands.
- Deposits sit under FDIC up to USD 250,000, and the bank trades on a bank licence, FDIC cert 35546.
- Access is on demand through online banking and the Axos All-In-One Mobile App, with a network of fee-free ATMs nationwide.
- Balances earn a headline rate of 4.21%, and the rate type is listed as variable.
Cons
- Support runs on help centre only, so most help arrives as written guidance in the help centre.
- The 4.21% headline rate is variable, so the return on balances can change.
Who it suits
- Anyone in the US who is happy to bank through online banking and the Axos mobile app
- People who want their balance held under FDIC up to USD 250,000 rather than a wallet balance
- Business and teen customers, the audiences listed as business and teen
Who should look elsewhere
- XTB, if you are based outside the US, since Axos Bank is a US bank holding a bank licence
- Skrill, if you want a wallet account rather than a bank balance covered by FDIC up to USD 250,000
- AXI Card Tarjeta y Credito, if card and credit products at €0 suit you better
How Axos Bank compares
9.0 vs 8.7
9.0 vs 8.6
9.0 vs 8.0
9.0 vs 8.9
9.0 vs 9.1
9.0 vs 9.2
9.0 vs 8.7
9.0 vs 8.7
9.0 vs 8.7
9.0 vs 9.0Its monthly fee is €0, while Axos Bank holds a bank licence with FDIC up to USD 250,000 on deposits.
9.0 vs 8.7
9.0 vs 9.5
9.0 vs 9.4
9.0 vs 9.3
9.0 vs 9.2
9.0 vs 9.2
9.0 vs 9.2
9.0 vs 9.2
9.0 vs 9.2
9.0 vs 9.2
9.0 vs 9.1
9.0 vs 9.0
9.0 vs 9.0
9.0 vs 8.9
9.0 vs 8.9- 9.0 vs 8.9
9.0 vs 8.7
9.0 vs 8.5
9.0 vs 8.5
9.0 vs 8.5
9.0 vs 8.4
9.0 vs 8.3
9.0 vs 8.2
9.0 vs 8.1- 9.0 vs 8.1
9.0 vs 8.0
9.0 vs 8.0
9.0 vs 8.0
9.0 vs 9.1
Where Axos Bank is available
- Available
- United States
- Licence in United States
- FDIC (FDIC cert 35546), checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does an Axos Bank checking account cost each month?+
The monthly fee is $0, and the account model is listed as no monthly fee. Fee-free ATM use is among the free atm and digital only listed, so everyday spending does not add a monthly charge. The fee ranks 1 on monthly fee among 500 brands.
Is my money protected at Axos Bank?+
Deposits are covered by FDIC up to USD 250,000, and the bank holds a bank licence listed as FDIC cert 35546 in the US. The features listed are free ATM access and a digital-only setup, shown as free atm and digital only, so the protection comes with a fully online service.
What interest rate do I get on my balance?+
The headline rate is 4.21% and the rate type is variable, so the figure is not fixed. The account kind is easy access, which suits people who want cash available on demand instead of locked away for a term.
Can I manage the account without visiting a branch?+
Yes: access is on demand through online banking and the Axos All-In-One Mobile App, and the setup is digital-only as one of the free atm and digital only listed. Cash comes out at a network of fee-free ATMs nationwide, and the account kind is easy access.
Who is Axos Bank built for?+
The audiences listed are business and teen, so business customers and teen account holders are the named groups. With a monthly fee of $0 and easy-access terms (easy access), it works for anyone running day to day money in the US.
How do I get help if something goes wrong?+
Support runs on help centre only, which means help is written guidance rather than a live call. Combined with the digital-only setup in free atm and digital only, most questions are answered inside online banking and the mobile app.
Where is Axos Bank based and how old is it?+
Axos Bank is based in the US and was founded in 2000. It operates under a bank licence, recorded as FDIC cert 35546, with balances held under FDIC up to USD 250,000.
Sources
- banks.data.fdic.gov/bankfind-suite/bankfind/details/35546 checked September 26, 2026
Backs: Deposit protection, Headquarters, Legal entity, Licence type, Licences
“CERT=35546; NAME=Axos Bank; WEBADDR=www.axosbank.com; ACTIVE=1”
- axosbank.com/about-us checked September 26, 2026
Backs: Founded
“By launching as a digital bank on July 4, 2000, we signaled our independence from traditional, brick-and-mortar banking.”
- axosbank.com/personal/bank/axos-one checked September 26, 2026
Backs: Access terms, Account kind, Headline rate, Rate type
“Withdraw, deposit, and manage your money anywhere-no branch required. 95,000+ fee-free ATMs.”
- axosbank.com/customer-support checked September 26, 2026
Backs: Support channels
“How can we help you - Personal / Business support”
- axosbank.com/personal/bank/checking-accounts checked September 26, 2026
Backs: Audience, Features, Pricing model, Monthly fee
“Small Business Banking - First Checking teen account”
Compiled from 5 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Currency conversion fee, Currencies.