Axiom Bank Select Checking Reviews (June 2021)

Highlights
Monthly Fee	$0 - $15
ATM Fee: Out-of-Network	$2
Minimum Balance to Avoid Monthly Fee	$1,000
APY (Annual Percentage Yield)	0.15% - 0.45%

Axiom Bank Select Checking Review

Axiom Bank Select Checking is offered by Axiom Bank, N.A., a bank founded in 1962 and based in Maitland, FL. Axiom Bank Select Checking is available in 1 state across the USA.

Key Takeaways

Higher than average APY. Axiom Bank Select Checking has an annual percentage yield of up to .45%, which is higher than the national average interest rate on savings accounts. Note that you must keep a minimum balance of $1000.
Charges a monthly fee. This account charges a monthly service fee of up to $15, but the fee is waived if you keep a minimum balance of $1,000.
$100 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit or have no minimum.
Bill pay. Pay your bills to practically anyone in the United States through Axiom Bank, N.A..

Axiom Bank checking account Pros & Cons

Pros	Cons
Interest bearing account. Interest-yielding account. Access to physical branches. Free debit card	Low APY No signup bonus. Does not provide access to a nationwide ATM network. Only available in one state. Higher than average wire transfer fees. Monthly service charge. Charges a higher than average fee on out-of-network ATM transactions.

Axiom Bank checking account FAQ

Are checking accounts from Axiom Bank, N.A. federally insured?

Yes, your Axiom Bank, N.A. checking accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #31390). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What APY does Axiom Bank checking account offer?

Axiom Bank checking account offers an APY starting at .15% and ranging up to .45% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep an average beginning day balance of at least $1000.

Axiom Bank checking account Rates and Terms
Rates	Amount
APY (Annual Percentage Yield)	.15% - .45%

What are the account minimums for Axiom Bank checking account?

Axiom Bank checking account requires a minimum initial deposit of $100 to open an account.

Axiom Bank checking account Account Minimums
Description	Amount
Minimum Opening Deposit	$100
APY Minimum Balance	$1,000
Minimum Balance to Avoid Monthly Service Fee	$1,000

What fees does Axiom Bank checking account charge?

This account charges a monthly service fee of up to $15.

Axiom Bank Select Checking Fees
Description
ATM Fee: In-Network	$0
Check Copy	$5
Debit Card Replacement Fee	$10
Early Account Closure	$25
Monthly Fee	$0 - $15
NSF Fee	$34
Online Bill Pay Fee	$0
Overdraft Item Fee	$34
Paper Statement Fee	$5
Returned Deposit Fee (Domestic)	$15
Stop Payment Fee	$34
Wire Transfer Fee - Domestic (Incoming)	$10
Wire Transfer Fee - Domestic (Outgoing)	$20
Wire Transfer Fee - International (Incoming)	$10
Wire Transfer Fee - International (Outgoing)	$65
ATM Fee: Out-of-Network	$2

Does Axiom Bank checking account charge overdraft fees?

Yes, Axiom Bank checking account charges a $34 fee for every overdraft.

What features and perks does Axiom Bank checking account offer?

This account includes the following features:

Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
Mobile Banking Services - Axiom Bank checking account allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.

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