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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Axos Bank | Varo Bank | |
|---|---|---|
Rewards Checking - Up to 3.30% 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) | 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 |
| 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 02/21/2023. Varo Bank: Pricing information from published website as of 10/06/2022 | ||
Rewards Checking - Up to 3.30% APY
- Use the promo code RC100 when you apply for a Rewards Checking account by 06/30/23. Then have qualifying direct deposit(s) to earn up a $100 welcome 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
Basic Business Checking - $100 Bonus
- Business owners get up to $100 welcome bonus!*
- Choose smarter business banking by June 30 and enjoy up to $100.* Just use promo code SBIZ100 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
Essential Checking
- Unlimited domestic ATM reimbursements
- No monthly maintenance fees
- No annual fee
- No overdraft or non-sufficient funds fee
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 Bank offers full-service banking completely online with no fees. Find out below whether they can replace your traditional bank account.
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.
Which Do You Think is Best?
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