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).

• 0% APY. As with most checking accounts, Axos Bank Essential Checking does not pay interest.
• $0 monthly fee. This account does not charge a monthly maintenance fee.
• No minimum initial deposit. There is no minimum balance required to open an account.
• No ATM fees. Axos Bank Essential Checking does not charge fees on ATM transactions.
• ATM fee reimbursements. This account will reimburse you for the ATM fees charged by other financial institutions.
• Free 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.
• Hard credit pull. Axos Bank may require a hard pull on your credit report to open a checking account.

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.

What features and perks does Axos Bank Essential Checking offer?

This account includes the following features:

• ATM reimbursement - This account will reimburse you for the ATM fees charged by other networks.
• Fraud monitoring - Axos Bank Essential Checking monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
• Free Bill Pay - Bill Pay allows you to pay bills easily from your account.
• Get paid early - If you fund your account with a payroll direct deposit and request this service, you can collect your salary early.
• Mobile Banking Services - Axos Bank Essential Checking allows you to manage your money online. This includes depositing checks in your account with your smartphone.
• Nationwide ATM network - Conveniently transact at a nearby ATM.