Axos Bank vs Relay

Axos Bank is a full-service online bank with excellent checking and savings. How does it compare to Relay? 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 Relay lets you open up to 20 individual business checking accounts and 50 debit cards at no extra charge. There's also free cash deposits and free mailed checks through the app. There's no monthly fee.

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

	Axos Bank	Relay
	Member FDIC
	Learn More	Visit Site
	SPECIAL OFFER Basic Business Checking - Learn More Read Axos Bank Review	SPECIAL OFFER No-Fee Business Checking - Learn More Read Relay Review
	Benefits and Features
Savings	0.61% APY (balances under $25k); 0.25% APY ($25K-$100K); 0.15% APY ($100k and over)	Earn up to 3.00% APY. Earn 1.11% APY on Starter Plan, 1.75% APY on Grow Plan, and 3.00% APY on Scale Plan.
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	Up to 20 individual business checking accounts; no monthly fees; no overdraft fees
Monthly Fee		$0
Money Market	0.25% APY
APY		N/A
Minimum Deposit to Open		$0
Mobile App	iOS & Android
ACH Transfer Fee		$0
ATMs	approximately 91,000 partner ATMs	55,000+ AllPoint ATMs
Balance Requirement		None
Cash Deposit Fee		$0 for cash deposits at Allpoint ATMs
Customer Service	24/7	Phone: Monday - Friday, 9 am - 5 pm ET; Email: Everyday
Incoming Wire Transfer Fee		$0
Locations	Online only	Online only
Out of Network ATM Fee		Fee from ATM owner
Outgoing Wire Transfer Fee		$8 for domestic; $5 (Local Network), $25 (SWIFT Network) for international
Overdraft Fee		$0
	CreditDonkey® Reviews

Savings
CD
Checking
Mobile App
ATMs
Locations
Fees
Customer Service
Pros & Cons	Pros: Checking with rewards No monthly fee Domestic ATM rebates Cons: Low CD rates No physical branches	Pros: Up to 20 checking accounts Up to 50 debit cards $0 monthly fee Earn interest with automated savings Cons: No paper checks
Bottom Line	Full-service online bank with excellent checking and savings... Read full review	One of the best online business banking accounts for large teams... Read full review
	Learn More	Visit Site
	Basic Business Checking Business Premium Savings - Up to 3.60% APY Axos ONE - Earn up to 4.21% APY	No-Fee Business Checking 25% Discount on Scale Plan
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 05/12/2026.

No-Fee Business Checking

$0 monthly service fee
$0 minimum opening deposit
Open up to 20 individual business checking accounts
Earn up to 3.00% APY with automated savings
Issue up to 50 Visa® debit cards to your team

Banking services provided by Thread Bank, Member FDIC.

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25% Discount on Scale Plan

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Get Scale Plan for $90/month instead of $120/month. This offer is for a limited time only and may change without notice.

Which is Better: Axos Bank or Relay?

Still need help deciding which business is better? Read the in-depth reviews below. You may also be interested in comparing Axos Bank or Bank of America.