Nationwide by Axos Bank

Overview / Commentary
4350 La Jolla Village Drive, Suite 140
San Diego, CA 92122
Reviews (2)

Won't Allow ACH In....

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I have an existing CD at this bank (I opened it prior to Nationwide turning their banking over to AXOS) and yet online it would not recognize me as an existing customer when I started the application!! The process to open is tedious but I still persevered. When it came time to fund the account, I couldn't figure out how to ACH in, so I called them. I was told I had to link an external account and then could do a one time transfer IN to them since it was a CD. I thought that was weird but still started the process and waited for 3 business days for small deposit verification. Instead I received a note from the external bank (where the money was coming from) that the Axos account was not active! I Live Chatted with Axos and they said I could NOT ACH $$ in, that I could only mail a check or wire transfer. They apologized for the incorrect information I received, however it's now been a week that I've been trying to open this CD. I have since taken my CD $ elsewhere and will let this one die on the vine.

UPDATE 7/30/19: I did receive a call from AXOS saying that they WOULD accept an ACH in but I had already moved the $$ elsewhere and I still question why they say one thing and then say the opposite and then back pedal

Good Luck Opening A Account. Get Ready For The Run-Around.

I was enticed by the 2.9% 2yr CD offer. Opening a account is a nightmare. You first go through the tedious online process and submit your DL electronically. You have to unlock your credit reports in order to do so. After which your account goes into review. When you don't hear anything you can then contact their customer service who will ask you to go through the whole process again, including unlocking your credit reports. After which your account will go into review again. Then you will get a email asking you to do the whole thing over again. A CSR told me that this is standard operating procedure for new accounts. All I experienced was run-around and a waste of time. I should have known better after dealing with UFB in the past, which is now also part of Axos/Nationwide. Save yourself some time and frustration. I have never had such difficulty opening a online account and I have dealt with more online banks that I can count. I regret giving this bank any of my information. At this point I have given up and went ahead and opened my CD elsewhere, which BTW took less than 5 minutes.


Health Grade Components

FDIC Certificate #35546
Year Established2000
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD1.78%
Return on Equity - YTD18.71%
Annual Interest Income$594.8MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$11.55B$9.80B
LoansQ4 2019vs Q4 2018$10.12B$9.04B
DepositsQ4 2019vs Q4 2018$10.15B$8.42B
Equity CapitalQ4 2019vs Q4 2018$1.06B$955.6MM
Loan Loss AllowanceQ4 2019vs Q4 2018$59.3MM$53.7MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$52.2MM$43.0MM
Real Estate OwnedQ4 2019vs Q4 2018$7.4MM$8.5MM
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Always verify rates and promotions with the bank or credit union. We are not Nationwide by 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.

Nationwide by Axos Bank Savings Account Rates

1.30%$300-Regular Savings

Nationwide by Axos Bank Money Market Rates

1.55%*$10k*-Money Market Plus
OTHER TIERS: 1.15% Up to $10k

Nationwide by Axos Bank Checking Account Rates

0.40%*$25k*-Interest Checking
OTHER TIERS: 0.10% Up to $2.5k | 0.20% $2.5k - $10k | 0.30% $10k - $25k

Nationwide by Axos Bank CD Rates

0.40%$500-6 Month CD
0.40%$500-9 Month CD
0.40%$500-12 Month CD
0.40%$500-18 Month CD
0.40%$500-24 Month CD
0.40%$500-36 Month CD
0.40%$500-48 Month CD
0.40%$500-60 Month CD
0.25%$500-3 Month CD

Nationwide by Axos Bank IRA Rates

0.40%$500-6 Month IRA
0.40%$500-12 Month IRA
0.40%$500-24 Month IRA
0.40%$500-36 Month IRA
0.40%$500-48 Month IRA
0.40%$500-60 Month IRA

Nationwide by 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

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