Making A Cash Deposit
Axos has partnered with the Green Dot Network so you can deposit cash into your account at nearly 100,000 of the largest and most respected retailers that include 7-Eleven, ACE Cash Express, CVS, Dollar General, Kroger, Rite Aid, Safeway, Walgreens, and Walmart.
This way of depositing money might cost you in the long run. Even though Axos doesnt charge fees, retailers may charge you up to $4.95 per transaction.
To add cash to your account, simply ask the cashier to add the specified amount to your Axos Bank debit card. You can deposit from $20 to $500 or even $1,500 at participating ACE Cash Express locations.
Some ATMs take deposits as well, so you can take advantage of that opportunity. Find them in the app.
Is My Money Safe With Axos
Axos is in the digital banking space for more than 20 years already. Its a neobanking pioneer and a fully-fledged bank with only a couple of physical branches.
Although theyre not super-popular across the States, they are a reputable institution that is federally charted and Member FDIC. Your deposits are therefore insured up to $250,000.
Axos security measures include the option to activate, deactivate, or reactivate your debit card, biometric authentication in the form of fingerprints, voiceprints, and facial recognition, the ability to dispute transactions that you dont recognize.
You can also turn on alerts, get real-time updates on your account activity, and get notified by text, push notifications, or email.
Axos Bank Customer Service
Axos Bank takes customer service seriously, with access 24/7 for its customers. Personal banking support is available by:
- Secure Message
- Mobile App
For convenience, the Axos Bank mobile app comes with helpful features such as account access, fund transfers, online bill payment, and mobile check deposits. The mobile app is available on iOS and Android. Axos Banks website features customer support options, including FAQs, calculators, helpful articles, and other tools. Axos Bank accounts are insured by the Federal Deposit Insurance Corporation for up to $250,000 per person.
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What Is Axos Bank
Axos Bank is an online-only bank previously known as Bank of Internet USA. The company has been offering savings and checking accounts for over 20 years.
There are several different account options offering various benefits. These include ATM fee reimbursements and the ability to earn above-average interest rates.
In addition to enjoying more rewards, youre less likely to pay standard bank service fees.
For example, you wont have to keep a minimum balance or enroll in direct deposit to waive the monthly account maintenance fee that other banks may require.
Customers can open no-fee bank accounts with a small initial deposit and no ongoing balance requirements.
The bank offers these account types:
- Checking accounts
- Small business banking
What Does Axos Bank Offer
Despite being strictly an online bank, Axos Bank offers a host of bank account options and services.
- Savings Account
Learn more about each type of account Axos Bank offers below.
Axos Banks High-Yield Savings earns considerably more interest than youll find at your local bank, but its still not as much as some of the best high-yield savings accounts. It requires an initial minimum deposit of $250 to open an account, but there are no monthly minimum balance requirements after that.
Other features of Axos savings account include:
- A 0.61% annual percentage yield on balances below $25,000.
- No monthly maintenance fees
- A free ATM card upon request
Axos Banks savings account allows six transactions per monthly billing statement, excluding withdrawals and transfers made by mail or ATM.
Essential Checking is Axos Banks standard checking account. It doesnt earn interest or rewards. It does offer perks such as Direct Deposit Express, which allows you to get paid up to two days early.
This checking account comes with unlimited domestic ATM fee reimbursements, and there are no monthly minimum balance requirements. With Axos Banks Essential Checking account, you will never pay:
- Overdraft fees
- Non-sufficient funds fees
- Monthly maintenance fees
- Unlimited domestic ATM fee reimbursement
- Unlimited check writing privileges
- No monthly maintenance fees
- Mobile banking access
- An 0.25% APY
- Up to $12 domestic ATM fee reimbursement monthly
- No overdraft fees
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World Checking And Savings Accounts
World Checking and Savings accounts are designed for world travelers and international residents to take advantage of global banking fee reimbursements, unlimited check writing, and competitive rates.
You dont need a US tax ID to open an account, and customer service is available in English, Mandarin, and Spanish. You also get access to specialists that can help you navigate the US banking system.
The minimum balance to open a world checking or savings account is $75,000. The fee is $30 per month if you dont maintain a $150,000 average daily balance.
Is Axos Bank For You
Axos is one of the leading online-only full-service banks. They are best for people that are comfortable doing their banking online and not having access to physical branch locations.
If you are tech-savvy, own a small business, want to avoid late fees, or are simply looking for a rewarding checking account, Axos can help meet some of your needs.
If you are looking for the highest possible APY for checking and savings, you should probably look elsewhere. Their rates are middle-market and will not get you the highest possible return.
Overall, Axos is a solid choice, but it is always best to compare your options. Be sure to check out some of our other reviews to learn about other banking institutions.
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Track Expenses And Control Spending
You can also use FinanceWorks to track your expenses. Any purchase you make using a linked credit or debit card will be tracked and categorized. Because transactions are categorized automatically, that makes it easy to track your monthly budget.
Once youve used FinanceWorks for a while, you can go back and check your transaction history to see where you spend your money.
You might find that you spend more than you thought on certain things, like a daily coffee, or going out to eat. You can use the information to help control spending or recalibrate your budget to make your money work for you.
To help you with tracking your spending, you can set alerts in FinanceWorks that will notify you when you reach specific spending thresholds.
Maybe you only want to spend $50 a month on snacks at work. You can set up an alert so you know when youve reached that limit.
You can also create and track savings goals, giving you a more concrete way to track your progress.
How Axos Bank Stacks Up
Axos Bank lives up to its reputation as one of the top online banks. With a multitude of account options, theres something for almost every customer need. It doesnt have any local branches for in-person services, but thats becoming less of a necessity today. Customers can perform most banking transactions online or by mobile phone.
Rates on its high-yield savings and money market accounts earn Axos a spot on Forbes Advisors Best Online Savings Accounts and Best Money Market Accounts. Axos also is named one of the Best Online Banks and Best Checking Accounts. Overall, Axos is one of the best choices for online full-service banking.
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Ufb Direct Bank Accounts
Its worth noting that there are two more bank accounts to consider, although they dont technically fall under the Axos Bank name.
UFB Direct is a division of Axos Bank and offers a high-yield savings account and a high-yield money market account. Unfortunately, both accounts have lower rates than most online banks and high balance requirements to earn at the highest interest tier of 0.20% APY.
Premier Private Client Banking
The Axos version of white-glove service, with great rates and zero banking fees. It also has multi-million-dollar FDIC insurance for your deposits. Youll get to enjoy VIP access at over 1,200 airport lounges around the globe, unlimited complimentary domestic and international wires, Credit card-like benefits on your Premier Debit Card, and other benefits.
The minimum balance required to open an account is $250,000.
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How To Bank With Axos Bank
You can open an Axos Bank account through its website. Youll need the following personal information available when opening an account:
- Valid Drivers License or State ID
- Social Security Number
- Valid U.S. Mailing Address
Applicants must be a U.S citizen or resident alien who is at least 18 years of age. For First Checking accounts, children must have a parent or guardian who is at least 18 years old as a joint owner on the account.
Axos Bank provides a way to move most of your banking online. Theres a lot to like about this online bank, with options for checking, savings, CDs, investing, and more. Multiple checking account options give customers the flexibility to earn interest or cash back. Axos Banks Rewards Checking account doesnt have the highest APY among online banks, but its enough to make opening an account worthwhile as part of an overall online banking plan, and there are almost no fees charged. Having no physical locations may be a turnoff for some customers, and those looking for competitive CD rates should turn elsewhere.
Axos Bank Reviews Branches And Financial Information
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Axos Certificates Of Deposit
Certificates of deposit offer high-interest yields and guaranteed returns. You can open a CD account with terms ranging from three to 60 months. There is a $1,000 minimum deposit to open an account, which is higher than what most banks require.
The APY will vary by term length, but the maximum return rate is 0.40%. There are no maintenance or setup fees, and accounts feature free electronic interest transfer. All CD accounts are insured by the FDIC up to $250,000.
If you withdraw any of the principal from the account before it matures, you will face a penalty fee. This fee will depend on the term length and is defined in terms of months of interest. All accounts offer autorenewal with a 10-day grace period.
Analyzed Business Checking Account
- $100 minimum opening deposit requirement
- Up to $50 off the first order of checks
- Free image statements, bill pay, and online banking
- Treasury Management services available
This account is for businesses with significant transaction volume and has a $100 initial deposit requirement but no balance requirements. There is a $15 monthly fee which isnt much for bigger businesses that this account is intended for.
> > > Need a business account? See the most popular ones in our round-up
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How To Open An Axos Business Account
To open an Axos business account, youll have to enter your name, date of birth, email, phone number, and social security number, which will allow them to verify your identity. They will ask for your business name, address, and Tax Identification Number .
When you apply for a Sole Proprietor account, Axos will ask you and any authorized signer for your legal name, residential address, date of birth, and SSN. Youll also need to provide a photo ID.
Below you can see what other documents will be required to open an account based on your business type.
Routing Number For Axos Bank In Ohio
routing number for Axos Bank in Ohio here.Total Assets:RSSD:FDIC CERT #:Branch LocationAxos Bank ABA Routing Number: Routing numbers are also referred to as “Check Routing Numbers”, “ABA Numbers”, or “Routing Transit Numbers” . The ABA routing number is a 9-digit identification number assigned to financial institutions by The American Bankers Association . This number identifies the financial institution upon which a payment is drawn. Routing numbers may differ depending on where your account was opened and the type of transaction made. Each routing number is unique to a particular bank, large banks may have more than one routing number for different states.ACH Routing Number: ACH Routing Number stands for Automated Clearing House . This routing number is used for electronic financial transactions in the United States. ACH helps to improves payment processing efficiency and accuracy, and reduce expenses. Banks offer ACH services for businesses who want to collect funds and make payments electronically in batches through the national ACH network. ACH routing number is a nine digit number.The first four digits identify the Federal Reserve district where the bank is located. The next four numbers identify the specific bank. The last number is called as a check digit number which is a confirmation number. ACH Routing Numbers are used for direct deposit of payroll, dividends, annuities, monthly payments and collections, federal and state tax payments etc.
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Who Is Axos Bank For
The Axos Bank checking and savings accounts offer more perks than most local banks. Its possible to complete all of your banking on this platform if you dont need physical branch access.
You might also consider this platform as a secondary bank account.
For instance, you can open a high-yield savings account with Axos to earn more interest while keeping a local checking account for paying bills and making cash deposits.
Axos Bank Business Banking Overview
Learn more about business banking at Axos Bank with features & benefits, rates & fees, and frequently asked questions.
The SMB Guide is reader-supported. When you buy through links on our site, we may earn anaffiliate commission. Learn more
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How To Open An Axos Personal Account
To open a personal Axos account, you have to have a Social Security Number , be over 18, have a valid photo ID . You also need to have a valid US address and be a US citizen or Resident Alien.
For Teen Checking accounts, you may be between 13 and 17 and must have a parent or guardian over 18 as a joint owner on the account. The parent or guardian should complete the application as the Primary Owner on the account with the Teen as a secondary joint owner.
To start the application process, youll have to enter your first and last name, email address, mobile phone number and create a username and password. To verify your identity, youll have to enter your date of birth and SSN.
Using Axos Card While Traveling
You can use Axos Visa debit card abroad, anywhere a Visa card is accepted. Youll have to pay a Visa foreign currency conversion rate for all ATM withdrawals and transactions. There could also be additional fees imposed by the merchant or ATM used.
Youll also have to let Axos know by logging in to your app and clicking on the Messages tab. Provide the dates of your travel to ensure total, uninterrupted usage of your Visa internationally.
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Why Is Axos Bank Special
Axos Bank is offering competitive interest rates, low to no fees, and convenient access to their personal, small business, and commercial banking accounts as well as commercial lending.
With the Axos mobile app, you can view account balances, deposit checks, automate your bills, and more. Axos has no monthly maintenance fees, a low minimum deposit requirement, and unlimited domestic ATM fee reimbursements.
Their Interest Checking Account can earn you up to 0.81% APY and their Savings Account, up to 0.50%.
Who Is Axos Bank Best For
Axos Bank should appeal to consumers looking for a full-service online bank. It may be a good fit for customers who want to:
- Earn interest or rewards with a checking account
- Open a checking or savings account with no monthly maintenance fees
- Earn a competitive rate on savings
- Do the majority of their banking online
- Open an online checking account for a child
- Get unlimited reimbursement for ATM fees
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Capital One 360 Checking
The Capital One 360 checking account offers no-fee checking services with competitive interest rates.
Unlike other online banks, you wont get ATM fees reimbursed. Instead Capital One has a nationwide network of 39,000 ATMs that you can use for free.
One thing to watch out for is that there are three tiers of interest rates available to account holders. Balances under $50,000 earn the lowest rate while balances greater than $100,000 earn the best rate.
The main reason to use Capital One 360 is if you already bank with Capital One or have a credit card from the company. The convenience of having all your accounts at one institution can be worth the slightly lower rates.
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Banking Services Provided By Axos Bank
Checking accounts, savings accounts, money markets and CDs that can help you reach your financial goals faster.
Nationwide Bank is no longer providing banking or lending services. If you have questions on your closed Nationwide Bank account, please send an email to .
- Phone number
- Account number
For verification purposes, some requests may require a copy of a valid government ID and a utility bill. You will receive an email response within 1 business day.