Axos Bank is the 131st largest bank in the nation. It was established in 2000 and as of December of 2020, it had grown to 1,004 employees. Axos Bank's money market rates are 36% higher than the national average, and it has a B+ health rating.
AXOS Bank Review
Excellent service both online and phone. Recently sent fraud alert and caught an issue. New card issued within a day
Phone support was professional and thorough..I would recommend this institution to anyone looking for excellent customer service.
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??!!
Nationwide/Axos
As a Nationwide Bank CD holder I didn't have any trouble getting my account set up at the time Nationwide was transferred to Axos Bank (referred to as Nationwide Bank as powered by Axos Bank), and I found the account dashboard to be much improved. When my CD matured, I checked Axos Bank rates which are much lower than other banks, so I closed it. What I didn't realize is there are a different set of rates for what is still called Nationwide Bank powered by Axos Bank than there are for Axos Bank, and much better rates at that. Had I known, I would have kept the CD there. And it looks like one can still open a CD under Nationwide/Axos Bank and get the better rates than what Axos Bank offers. Confusing.
Axos Is A Cancer
The Axos name is a clear indicator of toxicity. They have two modes of operation: They either buy existent criminal enterprises like UFB Direct (check out those reviews ??) to make it clear to the world they should be avoided like the plague, or they buy progressive products like WiseBanyan and run their good name into the ground.
If you see an Axos product run far far away. If Axos acquires a company/product you use, get out ASAP. You are not a customer to them, they are not doing business with you. You are a walking wallet who they need to keep no promises to.
Data as of Q4 2020
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 35546 |
| Year Established | 2000 |
| Employees | 1004 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.83% |
| Return on Equity - YTD | 19.95% |
| Annual Interest Income | $628.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2020vs Q4 2019 | $13.30B$11.55B |
| Loans | Q4 2020vs Q4 2019 | $11.64B$10.12B |
| Deposits | Q4 2020vs Q4 2019 | $11.67B$10.15B |
| Equity Capital | Q4 2020vs Q4 2019 | $1.20B$1.06B |
| Loan Loss Allowance | Q4 2020vs Q4 2019 | $136.2MM$59.3MM |
| Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $166.1MM$52.2MM |
| Real Estate Owned | Q4 2020vs Q4 2019 | $6.1MM$7.4MM |