Axos Bank review
Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Axos Bank suits US adults who want an easy-access account that pays a variable rate without monthly cost. With a monthly fee of $0 and a 4.21% variable rate, it holds more than most easy-access accounts on the site while keeping cash costs at nothing.
Key facts
Loans
- APR
- 8.42%↗
- Loan amount
- $7,000 to $50,000↗
- Term
- 36 to 72 months↗
- Credit check
- Soft prequal↗
- Funding time
- Within 2 days of signing↗
- Representative example
- A $25,000 personal loan at 8.42% APR for 60 months has a payment of $506.79↗
- Rate type
- Variable↗
- Lender type
- Direct lender↗
- Free early repayment
- Yes↗
- Loan types
- Personal, Debt-consolidation↗
- Use cases
- Home-improvement↗
- Pricing model
- No annual fee
Credit cards
Savings
Mortgages
- Initial rate
- 6.625%↗
- APRC
- 6.876%↗
- Fixed period
- 30 years↗
- Maximum loan to value
- 90% to 100%↗
- Product fee
- $0↗
- Purpose
- Purchase, Remortgage, First-time-buyer, Buy-to-let, Home-equity↗
Facts checked September 26, 2026, 10 sources
Apps and profiles
- Get the app
- App StoreGoogle Play
- Elsewhere
- WikidataWikipediaLinkedInXTrustpilot
Pros and cons
Pros
- Monthly fee of $0 on an easy-access account, so day to day banking costs nothing
- 4.21% variable rate, above the site median of 3%
- Access is on demand through online banking and the All-In-One mobile app, with no branch needed
- Deposits sit with a US bank under FDIC insurance of FDIC up to USD 250,000
Cons
- Support runs through phone, chat and help centre rather than in person service
- Rate moves with the market rather than staying fixed for a set term
Who it suits
- Adults in the US who want a variable rate without a monthly fee
- People who bank mainly through the app and online banking
- Anyone who wants a large fee free ATM network for everyday cash
Who should look elsewhere
- Anyone who wants to be paid a fixed rate for a set term
- People who need branch counter service in person
- Borrowers after a loan, since the fixed term product sits in a separate personal loan range
How Axos Bank compares
9.2 vs 9.4
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9.2 vs 8.0- 9.2 vs 8.0
Where Axos Bank is available
- Available
- United States
- Licence in United States
- FDIC (FDIC cert 35546), checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
How much does the Axos Bank account cost to run?+
The account carries a monthly fee of $0, so everyday banking adds nothing to the cost of holding money. Cash is also covered: a large network of fee free ATMs nationwide means withdrawals do not eat into the balance. There is no annual card charge to weigh either.
What interest does the account pay?+
The account pays a headline rate of 4.21% and the rate type is variable, so the return moves rather than being locked. That sits above the site median of 3% for headline rates. Easy access accounts make up 75.2% of what the site lists.
Is the money safe and who regulates the bank?+
The legal entity is Axos Bank and the licence is FDIC cert 35546, with the regulator listed as the FDIC in the US. Deposits are covered under FDIC up to USD 250,000, which is the deposit protection shown against the account. The bank has been running since 2000.
How do I reach support if something goes wrong?+
Support is offered through phone, chat and help centre, so help is a phone call, a chat or the help centre. The app and online banking handle the account day to day, with on demand access and no branch required. That suits people comfortable sorting most questions themselves.
What can I get if I want to borrow?+
Personal lending runs separately, with amounts of $7,000 to $50,000 and a representative rate of 8.42%. Terms run 36 to 72 and funding is Within 2 days of signing. Loan types cover personal and debt consolidation, and early repayment carries no charge.
Is a branch needed to open and use the account?+
No branch is required, and access is on demand through online banking and the mobile app. The account is easy access, so money moves in and out as needed rather than being locked for a term. A nationwide network of fee free ATMs handles physical cash needs.
Sources
- banks.data.fdic.gov/bankfind-suite/bankfind/details/35546 checked September 26, 2026
Backs: Deposit protection, Headquarters, Legal entity, Licences
“CERT=35546; NAME=Axos Bank; WEBADDR=www.axosbank.com; ACTIVE=1”
- axosbank.com checked September 26, 2026
Backs: Card type
“Personal Banking: Axos ONE® Checking + Savings with debit card”
- axosbank.com/about-us checked September 26, 2026
Backs: Founded
“By launching as a digital bank on July 4, 2000, we signaled our independence from traditional, brick-and-mortar banking.”
- axosbank.com/appdl checked September 26, 2026
Backs: Support channels
“Welcome to 24/7 help. Chat 24/7 with Evo, your virtual financial assistant ... Questions? Send a secure message.”
- axosbank.com/personal/bank/axos-one checked September 26, 2026
Backs: Access terms, Account kind, Headline rate, Rate type
“Withdraw, deposit, and manage your money anywhere-no branch required. 95,000+ fee-free ATMs.”
- axosbank.com/personal/borrow/personal-loans checked September 26, 2026
Backs: Loan amount, APR, Credit check, Free early repayment, Funding time, Lender type, Loan types, Representative example, Term, Use cases
“Borrow $7,000-$50,000 with repayment terms from 3 to 6 years.”
- finance.yahoo.com/personal-finance/banking/review/axos-ba... checked September 26, 2026
Backs: Monthly fee
“no monthly fees”
- axosbank.com/commercial/banking/global-treasury-managemen... checked September 26, 2026
Backs: Annual fee, Audience, Card kind, Cashback rate, Features, Pricing model, Rewards rate, Rewards type
“No annual fees”
- axosbank.com/personal/borrow/mortgages checked September 26, 2026
Backs: APRC, Fixed period, Initial rate, Product fee, Purpose
“A typical loan of $360,000 has 360 monthly payments of $2,305.12; APR 6.876%”
- axosbank.com/personal/borrow/mortgages/jumbo-loans checked September 26, 2026
Backs: Maximum loan to value
“Jumbo and Super Jumbo Loans: 90% financing on purchase loans ... Cross Collateralization: finance up to 100% of a home's value through securing the loan against an additional free and clear property”
Compiled from 10 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Currency conversion fee, Free ATM withdrawals, Protection.
Related by the facts
Axos Bank
A US easy-access account that pays a variable rate with no monthly fee.