Axos Bank Rewards Checking Review: Earn Up to 3.30% APY with No Fees!

Discover Axos Bank Rewards Checking account—earn up to 3.30% APY with no fees and ATM reimbursements! See if it’s the right choice for you.

Introduction: The Checking Account That Rewards You

I’ve always been skeptical of high-interest checking accounts. Many promise big returns, but few actually deliver. So when I stumbled upon Axos Bank Rewards Checking, I was intrigued—and I’ll admit, a little skeptical. But after diving into the details, I was pleasantly surprised. Here’s why Axos Bank might just be the checking account for those looking to earn more with zero hassle.

Key Takeaways

• Earn Up to 3.30% APY – This account offers one of the highest APYs available for a checking account.
• No Fees – No monthly maintenance fees, overdraft fees, or minimum balance fees.
• ATM Fee Reimbursements – Get reimbursed for domestic ATM fees, making it easy to access your cash anywhere.
• Multiple Ways to Qualify for Rewards – Meet simple criteria like direct deposits and debit card usage to start earning interest.

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Why Choose Axos Bank Rewards Checking?

Axos Bank Rewards Checking isn’t your typical checking account. The biggest draw for many is its high APY of up to 3.30%. This is a substantial amount compared to the national average (47x higher, to be exact). I mean, who wouldn’t want to earn this much on their checking balance? This is an easy way to make your money work harder for you without a ton of extra effort.

But let’s dive into the details to see if the rewards live up to the hype.

For more offers from Axos Bank, including those offering lucrative cash bonuses, see our guide to the best Axos Bank Bonuses here.

1. No Fees, No Hassle

The first thing I noticed when reviewing the Axos Bank Rewards Checking account was the no fees policy. Zero monthly maintenance fees, overdraft fees, or minimum balance requirements. I don’t know about you, but I’ve had my fair share of accounts that charge fees just for breathing. So, if you’re tired of those sneaky charges, this account offers some much-needed relief. No one wants to spend money on fees when you don’t have to, right?

2. Earn Up to 3.30% APY

Here’s where it gets really interesting. You can earn up to 3.30% APY on your account balance, which is almost unheard of. To qualify for the full 3.30% rate, you’ll need to meet a few simple requirements, such as setting up direct deposit of $1,500 or more each month and completing at least 10 debit card transactions of $3 or more. These are straightforward tasks that can be easily incorporated into your regular banking routine, making it simple to earn that high interest.

3. ATM Fee Reimbursements

One of the standout perks for me was the ATM fee reimbursements. You can access any ATM in the U.S. and get those fees reimbursed. This can be a huge lifesaver if you’re like me and tend to frequent ATMs that aren’t part of your bank’s network. It’s one of those features that sounds too good to be true, but Axos Bank delivers on it.

4. Easy Ways to Earn More

In addition to direct deposit, there are several ways you can boost your APY. For instance, if you maintain an average daily balance of $2,500 or more in Axos Invest Managed Portfolios or Self-Directed Trading accounts, you can earn additional interest. This is great if you already invest or plan to do so in the future. There’s also the option to earn interest by making your monthly loan payments through your Rewards Checking account.

5. No Minimum Balance Required

A major headache with many accounts is the minimum balance requirement. With the Axos Bank Rewards Checking account, there’s no minimum balance requirement to open or maintain the account. This makes it an appealing option for people who want a high-interest checking account without having to keep a large sum of money locked away.

Our Take: Is Axos Bank Rewards Checking Right for You?

So, after everything I’ve looked at, I have to say Axos Bank Rewards Checking is a solid choice if you’re in the market for a checking account that offers more than just basic features. With up to 3.30% APY, no fees, and ATM fee reimbursements, this account is definitely a step up from many traditional accounts. However, the key is that you need to meet certain requirements like direct deposits and debit card usage. If you can do that, you’re golden.

If you’re interested in earning cash bonuses, find the best bank bonuses here.

But if you’re looking to earn more on your checking balance while avoiding the usual fees, Axos Bank Rewards Checking is definitely worth considering. Just be sure to check whether you meet the qualifying criteria before opening the account.

APPLY FOR YOUR AXOS BANK REWARDS TODAY!