Axos Bank vs Varo Bank
Axos Bank is a full-service online bank with excellent cashback and interest checking. How does it compare to Varo Bank? Read our comparison chart below.
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Learn More | Learn More | |
Axos Bank | Varo Bank | |
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Basic Business Checking - Up to $400 Bonus - | Online Savings Account - | |
Benefits and Features | ||
Savings | 0.61% APY (balances under $25k); 0.25% APY ($25K-$100K); 0.15% APY ($100k and over) | 3.00% 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 3.30% APY Cashback Checking: Up to 1% cashback | No monthly service fee; no minimum balance; no overdraft fees |
Monthly Fee | ||
Money Market | ||
Minimum Deposit to Open | ||
Mobile App | ||
ATMs | Approximately 91,000 partner ATMs | Over 55,000 fee-free AllPoint ATMs |
Customer Service | Mon-Fri 8am - 9pm (ET) and Sat-Sun 11am to 7pm (ET) | |
Locations | ||
CreditDonkey® Reviews | ||
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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... | |
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 06/14/2024. Varo Bank: Pricing information from published website as of 11/08/2023. |
Basic Business Checking - Up to $400 Bonus
- Business owners get up to $400 welcome bonus!*
- Open a business checking account by August 1 and get up to $400 when you use promo code NEW400 on your application.*
- No initial deposit requirement
- No minimum balance requirement
- No monthly maintenance fees
- Free domestic incoming wires. Two (2) outgoing domestic wire fees reimbursed per month.
- Unlimited domestic ATM fee reimbursements
- Unlimited item processing (debits, credits, and deposited items)
- Cash deposits via MoneyPass and AllPoint networks
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
Business Interest Checking - 1.01% APY
- Business owners get up to $400 welcome bonus!*
- Open a business checking account by August 1 and get up to $400 when you use promo code NEW400 on your application.*
- Up to 1.01% APY**
- $100 minimum opening deposit
- Pay no monthly maintenance fee with an average daily balance of at least $5,000
- Unlimited domestic ATM fee reimbursements
- Up to 100 free items per month, $0.50 per item thereafter (includes debits, credit, and deposited items)
- Up to 60 items per month for Remote Deposit Anywhere (includes monthly per item processing limitation)
- Free online banking, image statements, and Bill Pay
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.
Articles on Axos Bank
Axos Bank Review
Axos Business Checking
Is Axos Bank Safe
Which Do You Think is Best?
Which Bank Account is Right for You?
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