Discover the Axos Bank Rewards Checking Account, with a maximum APY that beats even the top savings accounts. Learn about its perks in our Axos Rewards Checking account review.

With the Axos Rewards Checking account you have unlimited domestic ATM fee reimbursements. It also has no minimum balance requirements, unlimited free mobile deposits, and a limited-time welcome offer. Read on and learn all about it.

The Axos Bank Rewards Checking Account is a high-yielding checking account that offers a maximum APY of 1.25%. However, this is a tiered rate and not everyone will qualify for it. 

To earn the maximum APY, account holders must meet all the requirements for all tiers. The requirements include receiving monthly direct deposits of $1,500 or more.

You must also use the Axos Visa® Debit Card for a total of 10 transactions per month. It also requires that you sign up for Account Aggregation/Personal Finance Manager in Online Banking.

Plus, you must maintain an average daily balance of $2,500 per month in an Axos Managed Portfolios Account. Additionally, you have to maintain an average daily balance of $2,500 per month in an Axos Self Directed Trading Account. 

Finally, you must use the Rewards Checking account to make the full monthly Axos consumer loan payment.

The account also offers unlimited free mobile deposits. This is ideal for people who still get paid with physical checks and don’t want to run to a branch location or incur extra fees for doing so.

The account is FDIC insured and covers you for up to $250,000 per depositor, per institution, in the event of a bank failure. Additionally, it charges no monthly maintenance fees, no ATM withdrawal fees, and no overdraft fees. 

However, it does charge stop payment fees and insufficient funds fees.

Now that you are familiar with this account, let’s have a look at its main benefits and disadvantages. Our Axos Rewards Checking account review would not be complete without it.

The Axos Rewards Checking account does not have any specific credit score requirements for people who wish to open an account. So no need to worry about that.

If you like what you have seen in this Axos Rewards Checking account review, you might want to take the next step and apply for this account.

If that is the case, click the link below and we are going to show you how to do it.