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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
 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)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.
CD0.20% APY. Terms of 3 months to 5 years. $1,000 minimum 
CheckingRewards Checking: Up to 1.25% 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 10/06/2022

Axos Bank
Member FDIC

Rewards Checking - Up to 1.25% APY

  • Use the promo code RC100 when you apply for a Rewards Checking account by 3/31/2023. Then have qualifying direct deposit(s) to earn a $100 welcome bonus!
  • Up to 1.25% 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
Axos Bank
Member FDIC

Basic Business Checking - $200 Bonus

  • New business owners get a $200 welcome bonus!
  • Zero monthly maintenance fees
  • Unlimited Transactions
  • Unlimited domestic ATM fee reimbursements
  • $0 Minimum Opening Deposit requirement
  • 2 Free Domestic Wires, monthly
  • Cash Deposit capability via MoneyPass and AllPoint networks
Axos Bank
Member FDIC

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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Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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