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.

	Axos Bank	Charles Schwab Bank
	Member FDIC
	Visit Site	Learn More
	SPECIAL OFFER Rewards Checking - Up to 3.30% APY - Learn More Read Axos Bank Review	SPECIAL OFFER High Yield Investor Checking – Unlimited ATM Rebates - 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)	0.48% 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	0.45% APY, $0.01 account minimum
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
	Visit Site	Learn More
	Rewards Checking - Up to 3.30% APY Basic Business Checking - Up to $400 Bonus CashBack Checking - Earn up to 1.00% Cash Back	High Yield Investor Checking – Unlimited ATM Rebates Schwab Bank Investor Checking™ Schwab Bank Investor Savings
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 04/10/2024. Charles Schwab Bank: Pricing information from published website as of 04/11/2024.

Member FDIC

Rewards Checking - Up to 3.30% APY

Get Deal

Expires 6/30/2024

Use promo code AXOS300 and apply by June 30th, to earn up to a $300 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 - Up to $400 Bonus

Get Deal

Expires 6/30/2024

Business owners get up to $400 welcome bonus!*
Open a business checking account by June 30 and get up to $400 when you use promo code NEW400 on your application and maintain a minimum average daily balance of $50,000.*
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

CashBack Checking - Earn up to 1.00% Cash Back

Get Deal

Earn up to 1.00% cash back on signature-based purchases
Unlimited domestic ATM fee reimbursement
No monthly maintenance fee
$50 minimum balance required to open account

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 Chase.

In short: Axos Bank's checking is excellent.