Axos Bank vs Relay

Axos Bank is a full-service online bank with excellent cashback and interest checking. 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

	Visit Site	Visit Site
	SPECIAL OFFER Rewards Checking - Up to 3.30% APY - 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% APY: Earn 1% APY on savings balances of less than $50,000, 1.5% APY on savings between $50,000 and $250,000, 2% APY on savings balances between $250,000 and $1,000,000 and 3% APY on savings balances of more than $1,000,000.
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
Money Market	0.25% APY
APY		N/A
Customer Service		Phone: Monday - Friday, 9 am - 5 pm ET; Email: Everyday
Minimum Deposit to Open		$0
ACH Transfer Fee		$0
ATMs		55,000+ AllPoint ATMs
Balance Requirement		None
Cash Deposit Fee		$0 for cash deposits at Allpoint ATMs
Incoming Wire Transfer Fee		$0
Locations		Online only
Out of Network ATM Fee		Fee from ATM owner
Outgoing Wire Transfer Fee		$5 for domestic; $10 for international
Overdraft Fee		$0
Monthly Fee		$0
	CreditDonkey® Reviews

Savings
CD
Checking
Money Market
Mobile App
ATMs
Locations
Customer Service
Fees
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 cashback and interest checking... Read full review	One of the best online business banking accounts for large teams... Read full review
	Visit Site	Visit Site
	Rewards Checking - Up to 3.30% APY Basic Business Checking - Up to $200 Bonus Essential Checking	No-Fee Business Checking
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 09/05/2023.

Member FDIC

Rewards Checking - Up to 3.30% APY

Get Deal

Use promo code SUNNYBONUS and apply by December 31st, 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 $200 Bonus

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Business owners get up to $200 welcome bonus!*
Choose smarter business banking by September 30 and enjoy up to $200.* Just use promo code NEWSBC 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

No-Fee Business Checking

$0 monthly service fee
$0 minimum opening deposit
Open up to 20 individual business checking accounts
Earn up to 3% APY with automated savings
Issue up to 50 Visa® debit cards to your team

Banking services provided by Thread Bank and Evolve Bank & Trust; Members FDIC.

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Which is Better: Axos Bank or Relay?

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.