Axos Bank vs Varo Bank
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Axos Bank | Varo Bank | |
|---|---|---|
Rewards Checking - Up to 1.25% APY - | Online Savings Account - | |
Benefits and Features | ||
| Savings | 0.61% 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. |
| CD | 0.20% APY. Terms of 3 months to 5 years. $1,000 minimum | |
| Checking | Rewards Checking: Up to 1.00% APY Cashback Checking: Up to 1% cashback | No monthly service fee; no minimum balance; no overdraft fees |
| Money Market | ||
| Customer Service | Mon-Fri 8am - 9pm (ET) and Sat-Sun 11am to 7pm (ET) | |
| Minimum Deposit to Open | ||
| Mobile App | ||
| ATMs | Over 55,000 fee-free AllPoint ATMs | |
| Locations | ||
| Monthly Fee | ||
CreditDonkey® Reviews | ||
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| Savings |   | |
| CD |  | |
| Checking | | |
| Money Market | | |
| Mobile App | | |
| ATMs | | |
| Locations | | |
| Pros & Cons | Pros:
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| Bottom Line | Full-service online bank with excellent cashback and interest checking... | |
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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 | ||
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
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
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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