Axos Bank vs Bank of America

Axos Bank is a full-service online bank with excellent cashback and interest checking. How does it compare to Bank of America? Read our comparison chart below.

Axos Bank offers a range of checking and savings products. Checking options includes a up-to 1% cashback account and rewards checking account with a higher interest rate. Savings options include savings accounts and CDs with higher-than-average rates. All accounts have no monthly service fees.

While Bank of America is one of the largest banks in the U.S. with approximately 4,300 locations and 17,000 ATMs. It is known for good customer service with extended hours. It offers checking, savings, CDs, IRA, and investment accounts through Merrill Edge.

Compare Axos Bank with Bank of America, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

		Bank of AmericaChaseDiscover BankCitibankUS Bank
	Axos Bank	Bank of America
	SPECIAL OFFER Rewards Checking - Up to 3.30% APY - Learn More Read Axos Bank Review	SPECIAL OFFER Bank of America Advantage Plus Banking® - $100 Bonus Offer - Learn More Read Bank of America Review
	Benefits and Features
Savings	0.61% APY (balances under $25k); 0.25% APY ($25K-$100K); 0.15% APY ($100k and over)
CD	0.20% APY. Terms of 3 months to 5 years. $1,000 minimum
Checking	Rewards Checking: Up to 3.30% APY Cashback Checking: Up to 1% cashback
Money Market	0.25% APY
Customer Service		Mon-Fri: 8am - 9pm (ET) Sat: 8am - 8pm (ET) Sun: 8am - 5pm (ET)
ATMs		Approximately 16,000+ ATMs
IRA CD
Locations		Approximately 3,800+ retail financial centers
	CreditDonkey® Reviews
Savings
CD
Checking
Money Market
Mobile App
ATMs
Locations
Customer Service
Pros & Cons	Pros: Checking with rewards No monthly fee Domestic ATM rebates Cons: Low CD rates No physical branches	Pros: Large branch network Extended customer service hours Full service banking Cons: Monthly service fee Low interest rates Many miscellaneous banking fees
Bottom Line	Full-service online bank with excellent cashback and interest checking... Read full review	National bank with widespread accessibility and wide range of services... Read full review
	Rewards Checking - Up to 3.30% APY Basic Business Checking - $100 Bonus Essential Checking	Bank of America Advantage Plus Banking® - $100 Bonus Offer Bank of America Advantage Relationship Banking® - $100 Bonus Offer Bank of America Advantage SafeBalance Banking® - $100 Bonus Offer
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Axos Bank: Pricing information from published website as of 02/21/2023. Bank of America: Pricing information from published website as of 5/15/2023 based on 91107 zip code.

Member FDIC

Rewards Checking - Up to 3.30% APY

Get Deal

• Use the promo code RC100 when you apply for a Rewards Checking account by 06/30/23. Then have qualifying direct deposit(s) to earn up a $100 welcome bonus!
• Up to 3.30% APY
• Zero monthly maintenance fees
• Zero overdraft or NSF fees
• Zero minimum monthly balance reqs
• Unlimited domestic ATM fee reimbursements
• Online debit card management
• Simple, 3-step process for direct deposit
• Only $50 to open an account

Member FDIC

Basic Business Checking - $100 Bonus

Get Deal

• Business owners get up to $100 welcome bonus!*
• Choose smarter business banking by June 30 and enjoy up to $100.* Just use promo code SBIZ100 on your application.
• Zero opening deposit and cash deposits accepted
• Zero minimum monthly balance requirements
• Two domestic wire reimbursements monthly
• Unlimited domestic ATM fee reimbursements
• Enhanced Visa benefits and first 50 checks free
• Dedicated relationship manager and more

Member FDIC

Essential Checking

• Unlimited domestic ATM reimbursements
• No monthly maintenance fees
• No annual fee
• No overdraft or non-sufficient funds fee

Get Deal

Which is Better: Axos Bank or Bank of America?

Still need help deciding which bank reviews & deals is better? Read the in-depth reviews below. You may also be interested in comparing Axos Bank or Chase.

In short: Axos Bank's savings and checking are notable. In particular, the checking is excellent.

Articles on Axos Bank

Axos Bank Review

Axos Bank offers full-service banking completely online with no fees. Find out below whether they can replace your traditional bank account.

• Axos Bank vs Ally Bank
• Axos Bank vs Chime
• Axos Bank vs Marcus

Is Axos Bank Legit

Is Axos Bank safe and legit? Find out if Axos is a good bank and learn more about its pros, cons, and common complaints.

• Axos Bank vs Chase
• Axos Bank vs Discover Bank
• Axos Bank vs Varo Bank

Articles on Bank of America

Bank of America Review

Bank of America is a national bank with many account options and user-friendly online banking. But does this convenience come at a cost? Read on.

• Bank of America vs Citibank
• Bank of America vs US Bank

How to Close a Bank of America Account

Want to close your Bank of America account? Learn how and what you need to do before you close your account.

Bank of America Hours

Bank of America is open 5-6 days a week, depending on the location. Take a look at their business hours below.

Bank of America Routing Number

Find your Bank of America routing number and learn about money transfers in our guide.

Which Do You Think is Best?

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