Axos Bank


Best Bank Ever!

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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??!!

Direct Deposit For Accounts

This institution does not accept P2P through billpay. Does anyone know what they will accept for DD? Both reward checking and essential checking require billpay. Was told DD through billpay marked P2P will not count.

Auditor Wins Jury Case Against AXOS BANK

The federal jury hearing the case in the Southern District of California awarded Charles Matthew Erhart, the former auditor, $1 million in damages for emotional distress or harm to his reputation and $500,000 for defamatory statements about him.

The jury found that Erhart “reasonably believed” the bank’s conduct included: high deposit risk concentration; giving a misleading response to a subpoena from the Securities and Exchange Commission; failing to disclose subpoenas to the Office of the Comptroller of the Currency, the bank’s regulator, in response to its request; and providing risky loans to criminals or politically exposed people, those who, because of their public positions or relationships, “may present a risk higher than other customers by having access to funds that may be the proceeds of corruption or other illicit activity,” according to bank regulators.

n another recent legal development, Axos agreed last month to pay $14.1 million to settle a securities fraud class action filed against the bank in 2015. That case was brought by the Houston Municipal Employees Pension System and was largely based on Erhart’s allegations.



https://www.yahoo.com/now/auditor-fired-axos-bank-trumps-142432808.html

Think Twice Before Opening An Account. Read The Other Reviews.

Think twice before opening an account with Axos Bank. I attempted to transfer money from Axos to an account at another bank. That account was closed, so that bank returned my funds to Axos, who in turn suspended access to my account do to suspected fraudulent activity. They required me to either provide a voided check from another bank or a photo of me holding my driver's license. I informed them that both methods are prone to fraud and I had already answered their account verification questions, so I would not be submitting either form of verification. I informed them I wanted to close my account and to return my funds. I was told they would forward my request to another department. After 24 hours I received an email from Axos stating that they are terminating our relationship and not to contact them again. However, there was one problem, as there was no mention in their email regarding when I would receive the funds they were holding. If this is the type of business relationship that you want with a banking institution, then good luck. I would advise against it.

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Health
A

Data as of Q2 2022

Capitalization grade does not factor in PPP loans and the use of the PPP Liquidity Facility.
Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #35546
Year Established2000
Employees1095
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD1.71%
Return on Equity - YTD16.8%
Annual Interest Income$347.0MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$16.00B$12.75B
LoansQ2 2022vs Q2 2021$14.08B$11.42B
DepositsQ2 2022vs Q2 2021$14.08B$10.96B
Equity CapitalQ2 2022vs Q2 2021$1.63B$1.30B
Loan Loss AllowanceQ2 2022vs Q2 2021$148.4MM$132.8MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$118.3MM$141.4MM
Real Estate OwnedQ2 2022vs Q2 2021$0$6.1MM
Rates
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Always verify rates and promotions with the bank or credit union. We are not Axos Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Axos Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.61%*-$25kHigh Yield Savings
OTHER TIERS: 0.15% $100k+ | 0.25% $25k - $100k
0.20%$25k$5mBusiness Premium Savings
0.20%-$5mBusiness Savings

Axos Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%--High Yield Money Market
0.20%-$5mBusiness Money Market
0.20%-$5mIndustry Specific Money Market (Non-Profit & Religious Organizations)

Axos Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.25%-$50kRewards Checking - 5 Qualifications
1.01%*-$50kBusiness Interest Checking
OTHER TIERS: 0.10% $250k - $5m | 0.20% $50k - $250k
0.40%-$50kRewards Checking - Direct Deposit Only
0.10%--First Checking
0.10%--Golden Checking

Axos Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%$1k-3 Month CD
0.20%$1k-6 Month CD
0.20%$1k-12 Month CD
0.20%$1k-24 Month CD
0.20%$1k-36 Month CD
0.20%$1k-48 Month CD
0.20%$1k-60 Month CD
0.20%$1k-Business 12 Month CD
0.20%$1k-Business 24 Month CD
0.20%$1k-Business 36 Month CD
0.20%$1k-Business 48 Month CD
0.20%$1k-Business 60 Month CD
0.20%$1k-Business 18 Month CD
0.15%$1k-Business 6 Month CD
0.10%$1k-Business 3 Month CD
Locations

Axos Bank is an Internet only bank and does not have branch locations. Its headquarters is located at 4350 La Jolla Village Drive, Suite 140 - San Diego, CA 92122

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.