Review: Axos Bank Rewards Checking Account

Unlimited domestic ATM fee reimbursements: Axos Bank doesn’t have a network of fee-free ATMs, but this shouldn’t concern you because it does offer unlimited domestic ATM fee reimbursements. Few banks do this and it’s a nice option if you don’t want to worry about finding a fee-free ATM near you. You should note that your ATM may still charge you a fee that could temporarily reduce your balance until Axos Bank reimburses you for it. You could also get slapped with ATM fees if you take your Axos Bank debit card abroad, so plan accordingly.

No minimum balance requirements: You need at least $50 to open your Axos Bank Rewards Checking Account, but after it’s open, it doesn’t matter how much you keep there. You’re still eligible to earn interest on your purchases and you don’t have to worry about monthly maintenance fees if your balance drops too low.

Unlimited free mobile deposits: Axos Bank doesn’t charge you fees for mobile deposits or restrict how many mobile deposits you can make in a month. This is ideal for people who still get paid with physical checks and don’t want to run to a branch location or incur extra fees for doing what’s most convenient.

FDIC insured: Finally, Axos Bank accounts are covered by the same FDIC insurance as traditional bank accounts. This covers you for up to $250,000 per depositor, per institution, in the event of a bank failure.

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