Axos Bank is the 136th largest bank in the nation. It was established in 2000 and as of September of 2020, it had grown to 962 employees. Axos Bank's money market rates are 36% higher than the national average, and it has a B health rating.
Best Bank Ever!
Axos is the best bank I have ever had, and I have used banks such as Bank of America, Wells Fargo, local banks where I lived, etc. I switched to Axos 2 years ago and I have had NO problems. NO fraud issues. NO fees every time I turn around!
I have a checking and savings with Axos and I pay NO MONTHLY MAINTENANCE FEE, ATM FEES are REFUNDED, NO OVERDRAFT FEES...do I really need to say more??!!
Great Bank!
I love Axos! After quite a bit of banking research I found Axos, and I'm extremely happy with them! The 24/7 customer service is awesome, no fees, the app is simple and very easy to use, and the account was easy to open! I definitely recommend Axos
Good Previous Rate.
Opened an account with them a couple of months ago through Axos/Nationwide. Decent rate. They try. I'm patient. Eventually got everything right. A different person each time I called....they.had a hard time figuring out where my FedExed money was......no one person who would take ownership of my account. They really need to assign a representative for a jumbo CD.
DO NOT USE YOUR DEBIT CARD
READ THIS BEFORE USING YOUR AXOS DEBIT CARD! I have used my debit card and ended up not getting the service I paid for. The merchant would not issue a refund and would not respond, so I initiated a dispute with Axos on 12/8/20. As of today (1/23/21), Axos has not resolved the issue and has not refunded the charge. I will NEVER deal with this bank again!
Data as of Q3 2020
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 35546 |
| Year Established | 2000 |
| Employees | 962 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.84% |
| Return on Equity - YTD | 20.02% |
| Annual Interest Income | $474.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2020vs Q3 2019 | $12.43B$10.88B |
| Loans | Q3 2020vs Q3 2019 | $10.98B$9.83B |
| Deposits | Q3 2020vs Q3 2019 | $10.76B$9.25B |
| Equity Capital | Q3 2020vs Q3 2019 | $1.15B$1.03B |
| Loan Loss Allowance | Q3 2020vs Q3 2019 | $132.7MM$59.2MM |
| Unbacked Noncurrent Loans | Q3 2020vs Q3 2019 | $182.0MM$55.9MM |
| Real Estate Owned | Q3 2020vs Q3 2019 | $6.1MM$7.4MM |