Axos Bank is the 134th largest bank in the nation. It was established in 2000 and as of June of 2020, it had grown to 941 employees. Axos Bank's money market rates are 36% higher than the national average, and it has a B+ health rating.
"So Far Sooooo Good"
I recently opened an account with Axos Bank, and appreciate my experience with all. Looking at the President & CEO's Info. (Greg Garrabrants) was/ is Impressive - linked on their web site at "About Us."
As he, two of my life's closest and most respected friends also attended Northwestern University, a small part of Mr. Garrabrants experience.
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
Worst Bank In 45 Years Of Banking
This is the worst bank I've ever done business with in 45 years: All kinds of restriction accessing my funds...daily limits, monthly limits; terrible customer service; Conflicting information: first, fill out, sign and fax/email a wire transfer form, then "we don't accept these anymore, you must request one online" etc. etc. DON'T USE THIS BANK IF YOU WANT TO AVOID HEADACHES.
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??!!
Data as of Q2 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 35546 |
| Year Established | 2000 |
| Employees | 941 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.84% |
| Return on Equity - YTD | 20.07% |
| Annual Interest Income | $326.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $13.02B$10.57B |
| Loans | Q2 2020vs Q2 2019 | $10.68B$9.42B |
| Deposits | Q2 2020vs Q2 2019 | $11.36B$9.01B |
| Equity Capital | Q2 2020vs Q2 2019 | $1.15B$1.01B |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $75.6MM$57.1MM |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $86.0MM$48.4MM |
| Real Estate Owned | Q2 2020vs Q2 2019 | $6.1MM$7.4MM |