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Axos Bank Golden Checking review

Earn 0.1% APY for ages 55 and up.’s rating: 5.0 / 5.0


Axos Bank’s Golden Checking is an interest-bearing account for people aged 55 and older. But the APY on this account is the lowest offered by Axos on its interest-bearing accounts, and it doesn’t include some of the more popular perks included in the bank’s other checking accounts.

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$0 per month





Minimum deposit to open


APY0.10% on balances of $0+
Fee$0 per month
Minimum deposit to open$250
ATMs91,000 free ATMs across the country
ATM fee rebatesUp to $8 domestic ATM fee reimbursements per month
Overdraft fee$0
Nonsufficient funds fee$0
Learn moreApply now

Review by

Heather Petty is a personal finance writer at Finder, specializing in home and personal loans. After falling victim to a disreputable mortgage broker when buying her first home, she’s on a mission to help readers avoid similar experiences when managing their own finances. A self-proclaimed word nerd, her writing has been featured on MSN, and MediaFeed, among others. Heather previously worked as a technical writer and editor for the casino systems industry and is an internationally published young adult mystery author. She earned a bachelor’s degree in English with a minor in journalism from the University of Nevada, Reno.

Expert review

Axos Bank advertises their Golden Checking account for anyone age 55 or older who wants to combine the perks of a checking and savings account in one. But while the no monthly fee and no overdraft fees are solid benefits, this account’s 0.1% APY is well below the average for online banks, and even Axos Bank Rewards Checking account offers a better rate.

How do I open an Axos Bank Golden Checking account?

Open a Golden Checking account in six steps:

  1. Select Apply now.
  2. From the Axos website, click Open an Account.
  3. Select whether or not you want to add a savings account.
  4. Create an account and click Start Application.
  5. Photo capture your ID or enter your information manually, then click Save & Continue.
  6. Enter your funding details and click Save & Continue.
  7. Review your details, read and accept the disclosures and submit the application.


You must meet the following requirements to open the account:

  • At least 55 years or older
  • US resident or citizen
  • $250 opening minimum deposit

Required information

Have the following information ready before you apply:

  • Social Security number
  • Valid residential address
  • Driver’s license or other state ID

What are the benefits of an Axos Bank Golden Checking account?

In addition to mobile banking tools, expect the following benefits:

  • Free personal checks. This is the only Axos checking account that provides a free box of checks every six months.
  • No monthly fees. You won’t pay a dime to maintain this account.
  • No minimum balance requirement. You’ll earn interest no matter how much you have in the account.
  • No overdraft fees. If you overdraft on your account, you won’t pay an insufficient funds fee.

Axos Bank’s ATM network and fees

Axos Bank has a network of 91,000 free ATMs across the country, with a locator map on its website to find the ATMs nearest you. If you use an out-of-network ATM, you’ll get up to $8 a month in reimbursed ATM fees.

Axos Bank is also a member of the Green Dot network, which allows you to deposit cash at retail locations. But you’ll pay a $4.95 fee for this service.

What should I look out for?

Keep in mind the following drawbacks before you apply:

  • No bank branches. Axos is an online-only bank with no physical branches to visit when things go wrong.
  • Age requirement. You must be age 55 or older to qualify for this account.
  • Low APY. The 0.1% APY offered by Axos Bank is well below the industry average for online interest-bearing checking accounts.
  • Limited ATM fee reimbursement. Axos only reimburses up to $8 a month in out-of-network ATM fees, despite offering unlimited reimbursements on their other accounts.

So, if you want an account with a higher interest rate, compare your options before you apply.

Axos account discrepancies

The account details listed on Axos’ website are inconsistent with the account disclosure documents. The site lists a $250 opening deposit, while the disclosure lists it for $250. We spoke with a representative who confirmed that the disclosures have not been updated and $250 is the correct amount. You’ll want to double check account details before you apply and accept the terms.

Compare with other checking accounts

Name Product Fee Minimum deposit to open Annual Percentage Yield (APY) Offer
BMO Harris Smart Advantage Account
Finder Rating: 4.7 / 5: ★★★★★
BMO Harris Smart Advantage Account
$0 per month
Get a $200 bonus when you open a new Smart Advantage account and have a cumulative total of $4,000 or more in qualifying direct deposits in the first 90 days
Earn a $200 cash bonus after $4,000 deposits in the first 90 days. Pay $0 monthly fees and no minimum balance. Access a large nationwide network of free ATMs.
PSECU checking account
Finder Rating: 4.4 / 5: ★★★★★
PSECU checking account
$0 per month
Earn up to $300: $100 when you get a savings and checking account and activate your debit card with digital banking within 30 days. $100 with monthly payroll direct deposit of $200+ within 90 days. $100 when you maintain direct deposits for an additional 90 days. Select Level Up Your Banking to see terms and get the promo.
Earn a bonus and 5 or 10 cents in rewards on all eligible purchases. Pay $0 in monthly fees, no overdraft fees and get ATM fee reimbursements.
Axos Bank Essential Checking
Finder Rating: 5 / 5: ★★★★★
Axos Bank Essential Checking
$0 per month
Pay $0 monthly and overdraft fees, and get reimbursed for domestic ATM fees. No opening deposit or minimum balance requirement. Get your paycheck up to 2 days early with direct deposit.
Upgrade Rewards Checking
Finder Rating: 4.3 / 5: ★★★★★
Upgrade Rewards Checking
$0 per month
Earn up to 2% cashback rewards on everyday purchases. Pay $0 fees for overdraft, domestic wire transfer and monthly maintenance. Pair with Upgrade’s savings account to earn 3.75% APY. Get up to 20% discounts on Upgrade loans and credit lines.
Chime Checking account
Finder Rating: 4.7 / 5: ★★★★★
Chime Checking account
$0 per month
Save easily and access your paycheck up to 2 days early with direct deposit. Pay $0 monthly fees, and no minimum balance is required. Access 24/7 support and get daily balance and transaction alerts.

Compare up to 4 providers

How do I deposit or withdraw my money?

You can access your money in several ways.

  • ATM. Use an ATM to make deposits or withdraw funds for free. Domestic out-of-network ATM fees are reimbursed up to $8 a month.
  • Checks. You have unlimited checkwriting privileges.
  • Mobile deposit. Use your phone to deposit checks.
  • Wire transfer. Incoming wire transfers are free, but outgoing transfers are $35 for domestic and $45 for international wires.
  • ACH transfer. Transfer money between your account and an external bank over the phone or online for free.
  • Green Dot Network. Deposit cash through a Green Dot retailer. But you’ll pay $4.95 per deposit.

What other checking options does Axos Bank offer?

In addition to Golden Checking, Axos offers a variety of other personal checking accounts:

  • Axos Bank Essential Checking. A standard checking account with no monthly fees, early direct deposit access and unlimited ATM fee reimbursements.
  • Axos Bank Rewards Checking. Earn up to 1.25% APY with no minimum balance requirement, no overdraft or maintenance fees and unlimited ATM fee reimbursements. But to earn the maximum APY, you must set up direct deposit, make at least 10 debit card purchases of $3 or more each month and open multiple other Axos accounts.
  • Axos Bank First Checking. Designed for teens between the ages of 13 and 17. Teens earn 0.1% APY, no monthly maintenance or overdraft fees and up to $12 a month in out-of-network ATM fee reimbursements.
  • Axos Bank CashBack Checking. Offers up to 1% cashback on your signature-based retail transactions with no maintenance fees and unlimited domestic ATM fee reimbursements.

How do I contact Axos Bank customer service?

Call 888-502-2967 any time of the week, excluding major holidays, or log in to your online account to send a secure message.

Checking account ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

We analyze top checking accounts and rate them one to five stars based on factors that are most important to you. These factors include: monthly fees, the ease at which monthly fees can be waived, the breadth of ATM access, ATM and overdraft fees, and customer service.

Read the full methodology of how we rate checking accounts.

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