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Axos Bank is a fully digital bank offering personal and business banking products including checking accounts, savings accounts, loans, and investment services. The platform operates entirely online, without physical branch locations.

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At a glance

About Axos Bank

Account type
Online only, no physical branches
FDIC insured
Up to $250,000 per depositor
Joint account coverage
Up to $500,000
Extended deposit coverage
Up to $265 million via Axos Bank InsureGuard+ Savings
Featured APY
Up to 4.21% APY (Axos ONE)
Monthly maintenance fees
None on featured accounts
Services
Checking, savings, loans, investing, business banking
Platform
Web and mobile app
Axos Bank positions itself in the digital banking segment, targeting consumers and small to mid-sized businesses who prefer to manage their finances entirely online. The bank appeals to those looking for higher-yield savings options, with products such as the Axos ONE account offering combined checking and savings with competitive APY rates and no monthly maintenance fees. Beyond basic banking, Axos extends its services into lending, investing, and financial planning, making it a broad financial platform rather than a single-purpose bank. The bank emphasizes security features including FDIC insurance up to $250,000 per account holder, biometric authentication, and advanced data protection.
September 2026

Active promotions

Ready to use with your order at Axos Bank.

Open a new Axos ONE account and earn a promotional higher APY on your combined checking and savings balance for the first few months.
To the shop
Refer a friend to Axos Bank and both parties receive a cash bonus once the referred account is opened and funded.
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Recent

Axos Bank in the news

Recent updates and background about Axos Bank, summarised in our own words.

Forbes

Axos Bank Business Checking: an overview of pros and cons

Axos Bank offers a business checking account that has been evaluated for its strengths and weaknesses. Forbes published a review assessing the overall value of this account for business customers. The review covers key aspects that help business owners determine whether this account suits their needs.

Business Wire

Axos Financial adds dual listing on NYSE Texas

Axos Financial, Inc. has announced that its shares will be listed on NYSE Texas in addition to its existing exchange listing. This dual listing expands the trading venues where investors can access the company's stock.

SmartAsset.com

Axos Bank compared to competitor Ally

A comparison has been made between Axos Bank and Ally, two online financial institutions. The analysis was published via SmartAsset, a financial information platform. Specific details about the comparison are not available in the provided information.

Summaries by Image Review based on publicly available sources and our own editing. External links may contain affiliate links.

Frequently asked questions

What others ask about Axos Bank

Answers to the most common questions, based on search behaviour and our own research.

Is Axos Bank a trustworthy bank?

Axos Bank is a federally insured digital bank with FDIC coverage up to $250,000 per depositor, or up to $500,000 for joint accounts. The bank applies advanced security measures including biometric authentication and real-time account alerts.

Does Axos Bank charge monthly fees?

The featured Axos ONE checking and savings account comes without monthly maintenance fees. Customers should review individual account terms for any fees that may apply to other products.

What interest rate does Axos Bank offer on savings?

The Axos ONE account currently offers up to 4.21% APY on combined checking and savings balances. This rate applies when account conditions are met.

Can I use Axos Bank for business banking?

Yes, Axos Bank offers dedicated business banking services including business checking, savings, commercial lending, treasury management, and services for specific sectors such as HOAs, title and escrow companies, and technology firms.

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