Axos Bank Rewards Checking review + rate July 2019 |

Axos Bank Rewards Checking account review

We value our editorial independence, basing our comparison results, content and reviews on objective analysis without bias. But we may receive compensation when you click links on our site. Learn more about how we make money from our partners.

Axos Bank Rewards Checking
  • Earn up to 1.25% APY
  • No monthly maintenance fees
  • Unlimited domestic ATM fee reimbursements
Find out more Go to site

Earn up to 1.25% with unlimited ATM fee reimbursements.

This interest-bearing checking account offers mobile banking and nationwide ATM access with no maintenance fees. But a $50 opening deposit is required and no in-person support is available.

APY1.25% on balances of $0+ with $1,000+ in direct deposits, 10 $3+ debit card transactions and 5 additional account transactions per month
Monthly fee$0
Minimum deposit to open$50
ATMsATM fees reimbursed at any ATM nationwide
ATM transaction fee$0
ATM fee rebatesAxos Bank will reimburse all domestic ATM fees you incur within one business day
Overdraft fee$0
Nonsufficient funds fee$0
  • Cash by teller
  • Check by teller
  • Bank transfer
  • Cash by ATM
  • Check by ATM
  • Wire transfer
  • Mobile/remote check deposit
  • Direct deposit

What are the benefits of a checking account with Axos Bank?

Digital provider Axos Bank offers an entirely online application process along with the following:

  • Tiered APY. For each condition you meet, you can earn a 0.42% APY — meet all three and you get the full 1.25%.
  • ATM fee reimbursements. Axos Bank will reimburse all domestic ATM fees you incur within one business day of the ATM transaction.
  • No fees. You won’t pay for overdrafts, insufficient funds or monthly fees to keep this account.

Axos Bank’s ATM network and fees

The Axos Bank Visa Debit card offers access to any ATM nationwide and offers unlimited fee reimbursement for any surcharges you might pay.

Interest-earning conditions

The potential 1.25% APY associated with this account doesn’t come standard — you receive a 0.42% APY for each of the three account conditions you meet, up to a maximum of 1.25% APY:

  • You receive at least $1,000 in direct deposits monthly.
  • You use your Axos Visa debit card for 10 transactions at a minimum of $3 per transaction monthly.
  • You make an additional 5 transactions at a minimum of $3 per transaction monthly.

What should I look out for?

The Axos Bank Rewards Checking account has plenty to offer, but be wary of the following drawbacks:

  • Opening deposit. An opening deposit of at least $50 is required to open this account.
  • Limited customer service. Axos is a digital bank, so customer service is limited to telephone and live chat inquiries.

Compare with other checking accounts

Name Product APY ATMs Fee
1.25% on balances of $0+ with $1,000+ in direct deposits, 10 $3+ debit card transactions and 5 additional account transactions per month
ATM fees reimbursed at any ATM nationwide
Earn up to 1.25% APY while enjoying a suite of digital tools for smarter money management.
Access to 16,000 ATMs and nearly 5,000 branches nationwide
(can be waived)
Get a $200 bonus when you open a new Chase Total Checking account and set up direct deposit within 60 days of opening your account. Chase's simplest checking account is easy to use and gives you access to 16,000 ATMs and nearly 5,000 branches.
ATM fees reimbursed at any ATM nationwide
No fees. Unlimited domestic ATM fee reimbursements.
Huntington Asterisk-Free Checking
Huntington Asterisk-Free Checking
Free at more than 1,800 ATMs across the Midwest
Open an Asterisk-Free Checking account, earn $150. Conditions apply
Free at over 56,000 ATMs around the world
A full-service account with convenient, surcharge-free access to two massive ATM networks.
2.00% on balances of $10,000+ or deposit $1+ each calendar month into any Aspiration cash management or investment account
Free to use anywhere worldwide
A spend and save combo account with no monthly service fees, free access to every ATM in the world, unlimited cash back rewards and deposits insured by the FDIC. The Aspiration Spend & Save Account is a cash management account offering of Aspiration Financial, LLC, an SEC-registered broker-dealer. Aspiration is not a chartered bank.

Compare up to 4 providers

How do I open an Axos Bank Rewards Checking account?

  1. Go to Axos Bank’s website and click Open an Account.
  2. Enter your full name, email address and mobile number. Create a username and password. Click Start Application.
  3. Enter your residential address, date of birth and Social Security number. Click Save & Continue.
  4. Verify your identity by providing Axos with your driver’s license or state ID number. Click Save & Continue.
  5. Review your submitted account information along with Axos Bank’s Personal Deposit Account Agreement, Privacy Policy and Paperless Agreement. Click Accept & Submit.

Next, make an opening deposit of at least $50 by mobile check deposit, wire transfer, direct deposit or by mailing a check. You’ll receive your Axos Bank Visa debit card in the mail within five to seven business days.


To be eligible for the Axos Bank Rewards Checking account, you’ll need to meet the following criteria:

  • US citizen 18 or older
  • Social Security number
  • Have a US residential address.
  • Deposit at least $50

Required information

Have the following information ready before starting your application:

  • Name, date of birth and residential address
  • Contact information
  • Driver’s license or state ID
  • External bank account number and routing number of funding account

How do I deposit or withdraw my money?

This checking account offers four ways to access your funds:

  • Online. Transfer funds between your Axos checking account and an externally linked account.
  • Mobile. Deposit a check to your account with a computer or mobile device at any time.
  • ATM. The Axos Bank Visa debit card offers access to all nationwide ATMs.
  • Wire transfer. Complete a wire request form and upload the completed form to your Axos account to set up a wire transfer. Incoming transfers are free, while domestic transfers are subject to a $35 fee and international transfers cost $45.

What other checking options does Axos Bank offer?

In addition to its Reward Checking account, Axos Bank offers the following banking products:

  • Essential Checking. This no-frills checking account comes with no monthly fees and offers ATM fee reimbursements.
  • CashBack Checking. Alongside no maintenance fees and unlimited check-writing privileges, you’ll earn up to 1% cash back on qualifying purchases.
  • Golden Checking. For ages 55 and older, this account offers unlimited check-writing privileges, no monthly fees and up to $8 in domestic ATM fee reimbursements monthly.
  • First Checking. An account designed for children ages 13 to 17, this account comes with no monthly fees, up to 0.25% APY and up to $12 in domestic ATM fee reimbursements monthly.

Bottom line

The Axos Bank Rewards Checking account has no monthly fees and offers up to 1.25% APY. While a $50 deposit is required and customer support is limited, this checking account could be good for those who prefer online banking.

Looking for an account with a higher APY or in-person support? Explore your options with additional providers for the account that fits your finances and lifestyle.

Frequently asked questions

Was this content helpful to you? No  Yes

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site