Axos Bank Essential Checking

Axos Bank Essential Checking Review

Axos Bank Essential Checking is offered by Axos Bank, a bank founded in 2000 and based in San Diego, CA. Axos Bank Essential checking is available in 50 states (and Washington, DC).

Key Takeaways

• You must open your new Essential Checking account at the same time as your High Yield Savings account and have a Direct Deposit totaling at least $1,000 from a third party within the first 60 days of account opening to your Essential Checking account to qualify for this bonus.
• 0% APY. As with most checking accounts, Axos Bank Essential Checking does not pay interest.
• Supports joint accounts. This allows two people to have equal authority over the management of an account.
• $0 monthly fee. This account does not charge any monthly account fees.
• No minimum initial deposit. There is no minimum balance required to open an account online.
• No ATM fees. Axos Bank Essential Checking does not charge fees on ATM transactions.
• ATM fee rebates. This account will reimburse you for ATM fees (see terms and conditions for details).
• Bill pay. Pay your bills to practically anyone in the United States through Axos Bank.
• Early direct deposit. Get access to you paycheck funds faster If you set up a direct deposit to this account.

Axos Bank Essential checking Pros & Cons

Axos Bank Essential checking FAQ

Are checking accounts from Axos Bank federally insured?

Yes, your Axos Bank checking accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #35546). 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 Axos Bank Essential checking offer?

Axos Bank Essential checking is not an interest-bearing account.

What are the account minimums for Axos Bank Essential checking?

Axos Bank Essential checking does not require a minimum initial deposit.

What fees does Axos Bank Essential checking charge?

The good news is that this account does not have a monthly Service Charge.

Does Axos Bank Essential checking charge overdraft fees?

What features and perks does Axos Bank Essential checking offer?

This account includes the following features:

• You must open your new Essential Checking account at the same time as your High Yield Savings account and have a Direct Deposit totaling at least $1,000 from a third party within the first 60 days of account opening to your Essential Checking account to qualify for this bonus.
• ATM rebates - This account will reimburse you for any domestic ATM fees.
• Fraud monitoring - Axos Bank Essential checking monitors transactions for potentially unauthorized activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
• Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
• Get paid early - If you set up direct deposit with your employer and request this service, you can collect your salary early.
• Mobile Banking Services - Axos Bank Essential checking 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.
• Nationwide ATM network - Conveniently transact at a nearby ATM.

What is the customer support email for Axos Bank Essential checking?

The customer support email for Axos Bank Essential checking is contactaxos@axosfs.com.

How do people rate the customer service and user experience of Axos Bank Essential checking?

Overall, Axos Bank Essential checking is strongly recommended based on community reviews that rate customer service and user experience.