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Axos Bank vs Varo Bank


 Axos Bank
 Visit SiteLearn More
 

Axos Bank

Varo Bank

SPECIAL OFFER
Rewards Checking - Up to 1.25% APY - Learn More

Read Axos Bank Review

SPECIAL OFFER
Online Savings Account - Learn More

 

Benefits and Features

Savings0.61% APY (balances under $25k); 0.25% APY ($25K-$100K); 0.15% APY ($100k and over)0.50% APY on all balances. Opportunity to earn 5.00% APY if your daily savings balance does not exceed $5,000 AND you make at least 5 Varo debit card purchases per month AND receive at least $1,000 in direct deposits in either the Varo Bank Account or Savings Account.
CD0.20% APY. Terms of 3 months to 5 years. $1,000 minimum 
CheckingRewards Checking: Up to 1.00% APY
Cashback Checking: Up to 1% cashback
No monthly service fee; no minimum balance; no overdraft fees
Money Market
0.25% APY
 
Customer Service Mon-Fri 8am - 9pm (ET) and Sat-Sun 11am to 7pm (ET)
Minimum Deposit to Open 
$0
Mobile App 
iOS & Android
ATMs Over 55,000 fee-free AllPoint ATMs
Locations 
Online only
Monthly Fee 
$0
 

CreditDonkey® Reviews

 Axos Bank
SavingsStarStarStarStarHalf Star
CDStarStarStarEmpty StarEmpty Star
CheckingStarStarStarStarStar
Money MarketStarStarStarStarHalf Star
Mobile AppStarStarStarStarHalf Star
ATMsStarStarStarStarHalf Star
LocationsStarStarEmpty StarEmpty StarEmpty Star
Pros & ConsPros:
  • Checking with rewards
  • No monthly fee
  • Domestic ATM rebates
Cons:
  • Low CD rates
  • No physical branches
Bottom LineFull-service online bank with excellent cashback and interest checking... Read full review
 Visit SiteLearn More

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 07/01/2020.

Varo Bank: Pricing information from published website as of 5/14/2022

Axos Bank
Member FDIC

Rewards Checking - Up to 1.25% APY

  • $100 Promo with Code "RC100"
  • Up to 1.25% APY
  • Zero monthly maintenance fees
  • Zero overdraft or NSF fees
  • Zero minimum monthly balance reqs
  • Unlimited domestic ATM fee reimbursements
  • Zero Minimum Balance Requirement
  • Only $50 to open an account
Axos Bank
Member FDIC

High Yield Savings - Up to 0.61% APY

  • 0.61% APY on balance < $25,000
  • 0.25% APY on balance $25K-$100K
  • 0.15% APY on balance > $100K
  • No monthly maintenance fees
  • No minimum balance requirements
  • $250 minimum opening deposit
  • Free incoming wires
  • Zero minimum balance requirement
Axos Bank
Member FDIC

Essential Checking

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

Articles on Axos Bank

Is Axos Bank Safe

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 Review

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

Which Do You Think is Best?





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