Axos Bank is a 100% online bank offering Rewards Checking with unlimited ATM fee reimbursements, no monthly fees, and up to 3.30% APY on checking with qualifying activities. Its High Yield Savings account pays approximately 4.66% APY — one of the highest rates among FDIC-insured savings accounts in 2026. Formerly Bank of Internet USA, Axos has held a federal banking charter since 2000 and is among the longest-established online-only banks in the US.
Axos stands out for ATM access: Rewards Checking reimburses every domestic ATM surcharge with no monthly cap, making it one of the few accounts that works seamlessly for cash needs without a branch network.
Axos Bank at a Glance
Axos Checking Account Options
Who Axos is best for: Anyone who uses cash regularly but wants an online bank — unlimited ATM reimbursement solves the branch problem entirely. Also strong for high-balance savers who want both a competitive checking rate and a top HYSA rate at one institution.
Trade-offs: No Zelle (use external transfer or wire), no branches, and Rewards Checking APY requires qualifying direct deposits and debit purchases each month to earn the top rate.
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