Discover Axos Bank Golden Checking for those 55+. Enjoy zero maintenance fees, free personal checks, and ATM fee reimbursements. Learn if it’s right for you.
Introduction: Banking for the Golden Years
As someone who’s always appreciated the value of smart financial decisions, I was excited to check out Axos Bank’s Golden Checking account, designed specifically for those 55 and older. At first glance, it promised a lot: zero fees, free personal checks, and some nice perks like ATM fee reimbursements. But does it live up to the hype? Let’s dive into what makes this account a strong contender for anyone looking for hassle-free banking with a few extra rewards.
For more offers from Axos Bank, including those offering lucrative cash bonuses, see our guide to the best Axos Bank Bonuses here.
Key Takeaways
- No Monthly Maintenance Fees – Say goodbye to fees with Golden Checking. No maintenance charges here!
- Free Personal Checks – Get complimentary checks every six months.
- ATM Fee Reimbursements – Up to $8 in domestic ATM fee reimbursements per month.
- 0.10% APY – While the APY isn’t as high as some savings accounts, it’s solid for a checking account.
Why Axos Bank Golden Checking Might Be Perfect for You
If you’re 55 or older, you’re probably looking for a checking account that simplifies your life. After all, retirement or semi-retirement is all about living stress-free, right? The Golden Checking account at Axos Bank is tailored to meet those needs, offering features that make managing your finances easier without the usual hassle. Here’s why this account stands out.
1. No Monthly Maintenance Fees
Let’s be real—bank fees can be a huge pain. Whether it’s a monthly maintenance fee or charges for things like overdrafts, it adds up. That’s why the no monthly maintenance fees on the Golden Checking account are a game-changer. You won’t have to worry about unnecessary charges eating into your balance. And, as a 55+ account holder, this is a benefit that’ll keep your finances in check without any added stress.
If you care about earning bank bonuses when signing up for a new checking account, check out our list of the best bank promotions.
2. Free Personal Checks
Now, this might sound a bit old-school, but let’s face it: even in our digital age, there are times when you need to write a check. And with free personal checks provided every six months, this account gives you just what you need without making you pay for a box. It’s nice to have this option, especially for those who prefer traditional ways of paying or gifting money.
3. ATM Fee Reimbursements
One of the standout features of the Golden Checking account is the ATM fee reimbursements. You can get up to $8 in ATM fees reimbursed each month, which is pretty great, especially if you travel or often find yourself at ATMs that charge high fees. I’ve used plenty of accounts where the ATM fees can be brutal, so it’s nice to see a bank that covers those costs, giving you more freedom when accessing your money.
4. 0.10% APY – Steady, Not Spectacular
The APY (Annual Percentage Yield) on Golden Checking is 0.10%, which, in the world of checking accounts, is a pretty decent rate. While it’s not going to make you rich, it does provide a little extra on your balance, and the best part is that there’s no minimum balance requirement. This makes it a solid option if you’re looking for a place to park your money with no fees and some passive interest. For higher APY rates, see our list of the best checking and savings accounts with impressive interest rates.
5. Digital Banking Tools
Banking isn’t just about the basics anymore. Axos offers a suite of digital tools that make managing your account even easier. With their all-in-one app, you can sync all your financial accounts into one dashboard, automate your bill payments, track your spending habits, and even monitor your credit score for free. These tools are excellent for staying on top of your finances and making smarter financial choices.
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Our Take: Is Axos Bank Golden Checking Worth It?
So, is the Golden Checking account right for you? If you’re 55 or older and you’re looking for a checking account that offers no monthly fees, free checks, and a handful of useful features like ATM fee reimbursements and solid security, it’s definitely worth considering. While the APY isn’t as high as some of the best savings accounts, it still gives you a little extra for keeping your money in the account.
The digital tools provided by Axos are another reason this account stands out. If you enjoy managing your money digitally, this account offers a range of easy-to-use features to help you do just that. Plus, with state-of-the-art security, you can bank with peace of mind.
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