Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our opinions or reviews. Learn how we make money.

Axos Bank Rewards Checking account review

Last updated:  

Earn up to 1.25% with unlimited ATM fee reimbursements.’s rating: 5.0 / 5.0


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.

$0 per month





Minimum deposit to open


APY1.25% on balances of $0+ with $1,000+ in direct deposits, 10 $3+ debit card transactions and 5 additional account transactions per month
Fee$0 per month
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
Out-of-network ATM fee$0
Foreign transaction fee1%
Overdraft fee$0
Nonsufficient funds fee$0

Expert review

Shannon Terrell

Review by

Shannon Terrell is a writer for Finder who studied communications and English literature at the University of Toronto. On any given day, you can find her researching everything from equine financing and business loans to student debt refinancing and how to start a trust. She loves hot coffee, the smell of fresh books and discovering new ways to save her pennies.

Expert review

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.

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.

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

Compare with other checking accounts

Name Product Minimum deposit to open ATMs Out-of-network ATM fee
BBVA Online Checking
No ATM fees nationwide at more than 64,000 AllPoint, participating 7-Eleven and BBVA USA ATMs
A full-service account with convenient, surcharge-free access to two massive ATM networks, plus a $200 signup bonus when you meet deposit requirements
Citibank® Account Package
Citibank® Account Package
No access to ATMs
Earn a $400 bonus after opening new eligible checking and savings accounts and completing required activities.
NorthOne Business Banking
More than 300,000 ATMs across America.

A digital bank account featuring free cash deposits, on-demand customer support and streamlined bookkeeping integrations.
BBVA Free Checking
1,000 fee-free ATMs across the country
Pay a $0 monthly service charge and get free access to BBVA ATMs.
Chase Total Checking
Access to 16,000 ATMs and nearly 4,900 branches nationwide
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 4,900 branches. Available online nationwide except in Alaska, Hawaii and Puerto Rico.
Chime Spending account
38,000 fee-free ATMs nationwide
Get rid of fees with this mobile-first bank offering consumer-friendly accounts. Chime can also help you save easily and access your paycheck faster.

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.

Frequently asked questions

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.

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

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use and Privacy and Cookies Policy.
Go to site