Axos Bank First Checking Account Review

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

• Low APY. The maximum annual percentage yield for this account is only 0.25%.
• $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.
• Up to $12 in 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.
• 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 First Checking Account offer?

Axos Bank First Checking Account offers an APY of 0.25% (APY stands for annual percentage yield, rates may change).

What are the account minimums for Axos Bank First Checking Account?

Axos Bank First Checking Account does not require a minimum initial deposit.

What fees does Axos Bank First Checking Account charge?

The good news is that this account does not have a monthly service charge.

What features and perks does Axos Bank First Checking Account offer?

This account includes the following features:

• ATM reimbursement - This account will reimburse you for the ATM fees charged by other networks up to a monthly maximum of $12.
• Fraud monitoring - Axos Bank First Checking Account 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.
• Mobile Banking Services - Axos Bank First Checking Account 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.