Axos Bank Named One of Top 3 Internet Banks

Rhea-AI Summary

Axos Bank has been recognized for the second consecutive year by Kiplinger.com as one of the three Best Internet Banks and one of the Best Banks for Parents with Kids. The bank's no-fee checking accounts appeal to a wide range of customers, offering features like unlimited reimbursements for out-of-network ATM fees. Notable accounts include the Essential Checking with early paycheck access, the Rewards Checking that offers up to 1.25% APY, and CashBack Checking which provides cash back with certain conditions. Axos Bank boasts nearly $15 billion in assets.

Positive

• Ranked among the Best Internet Banks and Best Banks for Parents with Kids by Kiplinger.com.
• Offers appealing no-fee checking accounts for various demographics.
• Essential Checking account provides direct deposit access up to two days early.
• Rewards Checking account yields up to 1.25% APY.
• CashBack Checking allows up to 1.00% cash back on transactions.

Negative

• None.

For the second straight year, personal finance website Kiplinger.com has named Axos Bank one of the three Best Internet Banks and one of the Best Banks for Parents with Kids.

“Axos has appealing no-fee checking accounts for teens, seniors and everyone in between,” the website said in its annual list of America’s best banks. “Most customers should be able to find something they like among Axos’s main trio of free checking accounts, which all offer unlimited reimbursement of domestic out-of-network ATM fees.”

Kiplinger.com noted that Axos Bank’s Essential Checking account offers Direct Deposit Express, which allows customers to access direct-deposited paychecks up to two days early. Axos customers with Rewards Checking accounts can earn up to 1.25% Annual Percentage Yield (APY), the website said, while CashBack Checking customers can earn up to 1.00% cash back on all transactions that require a signature – up to $2,000 per month – provided they maintain a $1,500 average daily collected balance.

The website also praised Axos’ no-fee, no-minimum First Checking account for helping get “teens off to a sound start with banking.” Available to children ages 13-17, First Checking offers a 0.1% APY, up to $12 monthly in ATM fee refunds, and no overdraft or insufficient-funds fees.

About Axos Bank

Born digital, Axos Bank empowers smarter money choices by offering a full suite of banking, investing, and personal financial management tools in one convenient place. Through its proprietary online banking platform, Axos gives customers access to a range of award-winning banking products built around competitive interest rates and no-to-low fees. Axos Bank holds nearly $15 billion in assets and is a wholly owned unit of Axos Financial, whose common stock is listed on the NYSE under the symbol “AX” and is a component of the Russell 2000® Index, the KBW Nasdaq Financial Technology Index, and the S&P SmallCap 600® Index. For more information about Axos Bank, please visit www.axosbank.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210630005147/en/

FAQ

What recognition did Axos Bank receive in 2023?

Axos Bank was named one of the three Best Internet Banks and one of the Best Banks for Parents with Kids by Kiplinger.com for 2023.

What features do Axos Bank checking accounts offer?

Axos Bank offers no-fee checking accounts, including Essential Checking with early paycheck access, Rewards Checking with up to 1.25% APY, and CashBack Checking with cash back benefits.

How many assets does Axos Bank hold?

Axos Bank holds nearly $15 billion in assets.

What is the cash back limit for Axos Bank's CashBack Checking account?

The CashBack Checking account allows customers to earn up to 1.00% cash back on transactions, with a limit of $2,000 per month.