Axos Bank vs Charles Schwab Bank

Axos Bank is a full-service online bank with excellent cashback and interest checking. How does it compare to Charles Schwab Bank? 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 Charles Schwab Bank offers an Investor Checking account with unlimited ATM fee reimbursements worldwide and no foreign transaction fees. No minimum to open and no service fee. It is tied to a brokerage account but you don't have to use it.

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

	Member FDIC	Charles Schwab BankBank of AmericaWells Fargo
	Learn More	Learn More
	Axos Bank	Charles Schwab Bank
	SPECIAL OFFER Rewards Checking - Up to 3.30% APY - Learn More Read Axos Bank Review	SPECIAL OFFER 18-Month CD - Up to 3.90% APY - Learn More Read Charles Schwab Bank Review
	Benefits and Features
Savings	0.61% APY (balances under $25k); 0.25% APY ($25K-$100K); 0.15% APY ($100k and over)	0.15% APY
CD	0.20% APY. Terms of 3 months to 5 years. $1,000 minimum	Offers brokered CDs from other banks. Minimum deposit of $1,000.
Checking	Rewards Checking: Up to 3.30% APY Cashback Checking: Up to 1% cashback
Money Market	0.25% APY
Mobile App	iOS & Android
ATMs	approximately 91,000 partner ATMs	Unlimited ATM fee rebates when used with ATMs with the Visa, Interlink logo. Available worldwide.
Customer Service	24/7	24/7 Live Customer Service (Telephone and Chat)
Locations	Online only	345 branches across the country. You may also open an account online.
	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: No account minimum No service fees Refund all ATM fees Cons: Only checking or savings Must do banking online
Bottom Line	Full-service online bank with excellent cashback and interest checking... Read full review	Popular brokerage with a free checking account that refunds ATM fees... Read full review
	Rewards Checking - Up to 3.30% APY Axos ONE - Earn up to 4.21% APY Basic Business Checking - Up to $200 Bonus	18-Month CD - Up to 3.90% APY 3-Month CD - Up to 3.85% APY 6-Month CD - Up to 3.79% APY
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 11/21/2025. Charles Schwab Bank: Pricing information from published website as of 02/12/2026.

Member FDIC

Rewards Checking - Up to 3.30% APY

Get Deal

• Build your own APY with up to 3.30% APY*
• Zero monthly maintenance fees
• Zero overdraft or NSF fees
• Zero minimum monthly balance reqs
• No initial deposit requirement
• Unlimited domestic ATM fee reimbursements
• Online debit card management
• Simple, 3-step process for direct deposit

Member FDIC

Axos ONE - Earn up to 4.21% APY

Learn More

• Earn up to 4.21% APY* on savings, and 0.51% APY* on checking when you meet requirements.
• Get your money up to 2 days early.
• No monthly maintenance, minimum balance, account opening, or overdraft fees.

Member FDIC

Basic Business Checking - Up to $200 Bonus

Get Deal

Expires 6/30/2026

• Open a Basic Business Checking account using promo code START200 by June 30, 2026.
• Every dollar counts when you're starting out. That's why new businesses can earn up to $200 opening a new Basic Business Checking account today.
• No initial deposit requirement
• No minimum balance requirement
• No monthly maintenance fees
• Free domestic incoming wires. Two (2) outgoing domestic wire fees reimbursed per month.
• Unlimited domestic ATM fee reimbursements
• Unlimited item processing (debits, credits, and deposited items)
• Cash deposits via MoneyPass and Allpoint networks

Which is Better: Axos Bank or Charles Schwab Bank?

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 Bank of America.

In short: Axos Bank's 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 Bank of America

Axos Business Checking

Looking for affordable banking for your small business? Axos Bank offers a free business checking account or an interest-bearing account. Read on.

Articles on Charles Schwab Bank

Charles Schwab Bank Review

Charles Schwab is more than a brokerage. It also offers high yield checking and savings interest rates that might far surpass your local bank. Read on to learn the pros and cons.

• Charles Schwab Bank vs Wells Fargo

Charles Schwab High Yield Savings

Charles Schwab Bank has a savings account with no fees and a free debit card. But how does its APY stack up against other accounts?

Charles Schwab Routing Number

You'll need the right routing number to transfer money in or out of your Charles Schwab bank account. Find yours and learn more about money transfers in our guide.

Which Do You Think is Best?

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