Last Updated: 05/11/2026
SuperMoney User Recommendation Score +75
Strongly recommended8 total votes
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Highlights
Community Rating
Strongly recommended
Welcome Offer
N/A(Verified 03/18/2026)
Rewards
N/A
APY (Annual Percentage Yield)
0%(Verified 03/18/2026)
Disclaimer popup with additional information
Monthly Maintenance Fee
$0(Verified 03/18/2026)
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Number of Reviews
Axos Bank Essential Checking Review
The 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
- 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.
- No monthly maintenance fees. 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 when you enroll in Axos Bank mobile or online banking.
- Early direct deposit. You could have access to you paycheck funds faster if you set up a direct deposit to this account.
Axos Bank Essential checking Pros & Cons
| Pros | Cons |
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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.
| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Balance to Avoid Monthly Service Fee | Starting at $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | Starting at $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Combined Balance to Avoid Monthly Maintenance 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.
| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Monthly Maintenance Fee | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Paper Statement Fee | Starting at $5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ATM Fee: In-Network | Starting at $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ATM Fee: Out-of-Network | Starting at $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NSF Fee | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Overdraft Item Fee | Starting at $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Early Account Closure | Starting at $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Returned Deposit Fee (Domestic) | Starting at $10 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Card Replacement Fee (Standard Delivery) | Starting at $5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Online Bill Pay Fee | Starting at $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Stop Payment Fee | Starting at $10 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Foreign Transaction Fee (Debit Card) | Starting at 1% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Wire Transfer Fee - US Domestic (Outgoing) | Starting at $35 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Wire Transfer Fee - International (Outgoing) | Starting at $45 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Wire Transfer Fee - International (Incoming) | Starting at $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Returned Deposit Fee (International) | Starting at $10 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Wire Transfer Fee - US Domestic (Incoming) | Starting at $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:
- ATM rebates - This account will reimburse you for 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.
- Eligible for early pay - If you set up an eligible direct deposit with your employer, you may be able to collect your paycheck up to two days 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 - This account allows you to 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 businessbanking@axosbank.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.
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Message from Axos Bank Essential checking
Hours of Operation
Sunday12:00AM - 12:00AMMonday12:00AM - 12:00AMTuesday12:00AM - 12:00AMWednesday12:00AM - 12:00AMThursday12:00AM - 12:00AMFriday12:00AM - 12:00AMSaturday12:00AM - 12:00AM
Other Services by Axos Bank
Home Equity Lines of Credit
Rating not yet determined (2 Reviews)
Home Mortgage Loans
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Mortgage Refinance
Rating not yet determined (2 Reviews)
Other Checking Accounts from Axos Bank
Bonus Offer
Starting at $0
Disclaimer popup with additional information
Cashback Rewards
N/A
APY (Annual Percentage Yield)
0.10%
Disclaimer popup with additional information
Monthly Service Fee
$0
Disclaimer popup with additional information
Rating not yet determined
Bonus Offer
N/A
Cashback Rewards
N/A
APY (Annual Percentage Yield)
Up to 4.21%
Disclaimer popup with additional information
Monthly Service Fee
$0
Disclaimer popup with additional information
Rating not yet determined
Bonus Offer
N/A
Cashback Rewards
N/A
APY (Annual Percentage Yield)
Up to 2.00%
Disclaimer popup with additional information
Monthly Service Fee
$0
Disclaimer popup with additional information
Availability
Available in 50 states and Washington, D.C.
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- District of Columbia
- 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
- West Virginia
- Wisconsin
- Wyoming
SuperMoney Net Recommendation Score
SuperMoney users strongly recommend this product, giving it a user recommendation score of +75, or 4.5 on a 5-point rating scale.
+75
-1000+100
No one recommends
Everyone recommends
Reviewer Sentiment Over Time
Axos Bank Essential Checking Community Reviews
Would you recommend Axos Bank Essential Checking to your friends?
MC
Mazhar C.
Nov 25, 2022
Would Recommend
I would 100% recommend Axos Bank. Not having a minimum deposit to open an account is unheard of nowadays. Not only that, but they refund every single ATM fee from other banks. Now you don't earn interest, but they also don't have high fees like some banks, so to me it evens out.
U
Anonymous
Oct 3, 2022
Would Recommend
Idk the ratings are great for what I have to do
CR
Christine R.
May 7, 2022
Would Recommend
I would 100% recommend Axos Bank. Not having a minimum deposit to open an account is unheard of nowadays. Not only that, but they refund every single ATM fee from other banks. Now you don't earn interest, but they also don't have high fees like some banks, so to me it evens out.
VJ
Victoria J.
Apr 29, 2022
Would Recommend
The Essential Checking account is worth considering for those looking for a low cost option. The account has no overdraft fees and it also features unlimited ATM fee reimbursements in the U.S. There’s also no minimum amount needed to open an account and no monthly service fee.
KA
Kelly A.
Jul 11, 2021
Would not Recommend
Their customer service has gone downhill in recent years. Took forever to get a new debit card that supposedly was expedited to me. Despite years of begging them to indicate whether you have earned the interest at certain tiers, they do not provide that information. Years went by, and I found out that the transactions that count toward the monthly interest rate tier end on the 25th. ...Show More
DJ
Daniel J.
Jun 8, 2021
Would Recommend
This service of Axos Bank is the best I've used so far.
DT
David T.
Oct 28, 2020
Would Recommend
Essential checking accounts don't charge overdraft or nonsufficient funds fees. Transactions with them are simply declined until you enroll for a bank overdraft. It includes the option to set up automatic payment directly from your savings account into your checking account as much as you want. They also have a credit line for their overdraft. Charges on the cashback account is $25 for insufficient funds, with a limitation of 3 ...Show More
U
Anonymous
Aug 20, 2020
Would Recommend
I wanted to start having an account to keep my funds as a way to have savings. I enjoy that there is no monthly maintenance fee charged and the fact that I was able to open up and account with any amount as a minimum initial deposit. I get to check on my account through my phone too, which saves me a lot of hassle.
Showing 8 of 8 reviews
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