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  Axos Bank Essential Checking
Axos Bank Essential Checking
in Checking Accounts from Axos Bank · Member FDIC
Claimed

Axos Bank Essential Checking

Claimed
in Checking Accounts from Axos Bank · Member FDIC
SuperMoney Net Recommendation Score +78  

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +78, equating to 4.6 on a 5 point rating scale.

+78

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

Strongly recommended

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Highlights
Community Rating Strongly recommended
Cashback Rewards N/A
APY (Annual Percentage Yield) 0%
(Verified 08/04/2023)
Monthly Fee $0
(Verified 08/04/2023)
Minimum Balance to Avoid Monthly Fee Starting at $0
Number of Reviews 9

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

Pros Cons
  • Unlimited domestic ATM fee reimbursements.
  • Offers a $100 bonus offer.
  • Joint accounts available.
  • Available in all 50 states.
  • Free debit card
  • No charge on incoming domestic or international wire transfers.
  • Does not earn interest
  • Higher than average wire transfer fees.

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.

Axos Bank Essential Checking Minimums
Description
Minimum Opening Deposit Starting at $0
Minimum Balance to Avoid Monthly Fee Starting at $0
Minimum Combined Balance to Avoid Monthly Fee $0
Minimum Direct Deposit to Avoid Monthly Fee Starting at $0

What fees does Axos Bank Essential checking charge?

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

Axos Bank Essential Checking Fees
Description
Monthly Fee $0
ATM Fee: In-Network $0
ATM Fee: Out-of-Network Starting at $0
Foreign Transaction Fee (Debit Card) 1%
NSF Fee $0
Overdraft Item Fee $0
Overdraft Protection Fee (per transfer) $0
Returned Deposit Fee (Domestic) $10
Returned Deposit Fee (International) $10
Stop Payment Fee $10
Wire Transfer Fee - Domestic (Incoming) $0
Wire Transfer Fee - Domestic (Outgoing) $35
Wire Transfer Fee - International (Incoming) $0
Wire Transfer Fee - International (Outgoing) $45
Paper Statement Fee $5
Online Bill Pay Fee $0
Debit Card Replacement Fee $5
Early Account Closure $0

Does Axos Bank Essential checking charge overdraft fees?

No, Axos Bank Essential checking does not 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.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Message From Axos Bank Essential checking

No matter your needs, we have an account that works for you. Select your match and open an account within minutes. Low fees and ATM rebates are just the beginning. Each checking account also has standard features that make banking more simple and secure.

Essential Checking --- Get all the perks of online banking and none of the fees. Just what you need, right when you need it. No monthly maintenance fees. No non-sufficient fund fees. Unlimited domestic ATM fee reimbursements. Essential Checking gives you all of the features with none of the fees.

Other Checking Accounts by Axos Bank

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Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • Washington, DC
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Minimum Opening Deposit Starting at $0
Minimum Balance to Avoid Monthly Fee Starting at $0
Minimum Combined Balance to Avoid Monthly Fee $0
Minimum Direct Deposit to Avoid Monthly Fee Starting at $0
Monthly Fee $0
(Verified 08/04/2023)
ATM Fee: In-Network $0
ATM Fee: Out-of-Network Starting at $0
Foreign Transaction Fee (Debit Card) 1%
NSF Fee $0
Overdraft Item Fee $0
Overdraft Protection Fee (per transfer) $0
Returned Deposit Fee (Domestic) $10
Returned Deposit Fee (International) $10
Stop Payment Fee $10
Wire Transfer Fee - Domestic (Incoming) $0
Wire Transfer Fee - Domestic (Outgoing) $35
Wire Transfer Fee - International (Incoming) $0
Wire Transfer Fee - International (Outgoing) $45
Paper Statement Fee $5
Online Bill Pay Fee $0
Debit Card Replacement Fee $5
Early Account Closure $0
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
  • Proof of Identity
  • Government Issued Photo ID
  • U.S. Tax Identification Number
  • Social Security Number
Account Features
  • No ATM Fees
  • Free Bill Pay
  • Mobile Check Deposit
  • No Monthly Maintenance Fee
  • ATM Reimbursement
  • Nationwide ATM Network
  • Mobile Banking
  • Fraud Monitoring
  • Debit Card
  • Get Paid Early
  • Joint Accounts
  • Rewards
Bonus Offer 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.
Signup Bonus $100
APY (Annual Percentage Yield) 0%
(Verified 08/04/2023)

Axos Bank Essential Checking Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +78, equating to 4.6 on a 5 point rating scale.

+78

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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