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.

	Axos Bank	Varo Bank
	Member FDIC
	Visit Site	Learn More
	SPECIAL OFFER Rewards Checking - Up to 3.30% APY - Learn More Read Axos Bank Review	SPECIAL OFFER Online Savings Account - Learn More
	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		$0
Money Market	0.25% APY
Minimum Deposit to Open		$0
Mobile App	iOS & Android	iOS & Android
ATMs	Approximately 91,000 partner ATMs	Over 55,000 fee-free AllPoint ATMs
Customer Service	24/7	Mon-Fri 8am - 9pm (ET) and Sat-Sun 11am to 7pm (ET)
Locations	Online only	Online only
	CreditDonkey® Reviews

Savings
CD
Checking
Money Market
Mobile App
ATMs
Locations
Pros & Cons	Pros: Checking with rewards No monthly fee Domestic ATM rebates Cons: Low CD rates No physical branches
Bottom Line	Full-service online bank with excellent cashback and interest checking... Read full review
	Visit Site	Learn More
	Rewards Checking - Up to 3.30% APY Basic Business Checking - Up to $400 Bonus CashBack Checking - Earn up to 1.00% Cash Back	Online Savings Account Varo Bank Account
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 04/10/2024. Varo Bank: Pricing information from published website as of 11/08/2023.

Member FDIC

Rewards Checking - Up to 3.30% APY

Get Deal

Expires 6/30/2024

Use promo code AXOS300 and apply by June 30th, 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 $400 Bonus

Get Deal

Expires 6/30/2024

Business owners get up to $400 welcome bonus!*
Open a business checking account by June 30 and get up to $400 when you use promo code NEW400 on your application and maintain a minimum average daily balance of $50,000.*
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

CashBack Checking - Earn up to 1.00% Cash Back

Get Deal

Earn up to 1.00% cash back on signature-based purchases
Unlimited domestic ATM fee reimbursement
No monthly maintenance fee
$50 minimum balance required to open account

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.