Axos Bank

Digital bank · San Diego, United States

Axos Bank is a fully digital, branchless bank chartered as a California state savings bank and headquartered in San Diego. It launched as a digital bank on 4 July 2000 and reported 28.9 billion dollars in total assets to the FDIC as of 30 June 2026. Its parent, Axos Financial Inc, trades on the NYSE as AX and also owns Axos Clearing and Axos Invest. Axos serves consumers and businesses nationwide with checking, treasury management, commercial lending and industry-specific programs for title, escrow and property-management companies, but excludes cryptocurrency, cannabis and internet-gambling businesses and requires business signers to be US residents with a Social Security number.

Legal name: Axos Bank
Regulated by: FDIC (US), California Department of Financial Protection and Innovation
Licence confirmed: yes, on a regulator's own list
Established: 2000
Website: www.axosbank.com

Scores, 0 to 10

7.5Lowest fees

Basic Business Checking has no monthly fee, no minimum balance, unlimited transactions and two free outgoing domestic wires each month. · source

7.5Customer satisfaction

Trustpilot score of 4.3 out of 5 from about 1,300 reviews. · source

6.5United States

Nationwide FDIC-insured digital bank with no retail branches; Basic Business Checking has no monthly fee, but business signers must be US residents with a Social Security number. · source

6.5Fast digital onboarding

Business Checking opens online with no initial deposit requirement, though signers must be US residents with a Social Security number. · source

5.5Financial strength & stability

Axos Financial trades on the NYSE as AX with about 30.0 billion dollars in consolidated assets as of 30 June 2026, but neither the bank nor the holding company shows a public credit rating on its investor page. · source

5.0Online businesses: e-commerce and SaaS

Basic Business Checking integrates with QuickBooks and lists merchant processing as an associated service, but no multi-currency collection account or marketplace payout product is described. Basic Business Checking integrates directly with QuickBooks for accounting automation, though no revenue-based financing product is published. · source

4.5Business cards (Visa, Mastercard)

Business Checking includes a debit card with ATM fee reimbursement, but Axos's business pages describe no dedicated business credit card or virtual card program. · source

4.0Cross-border payments, FX and multi-currency accounts

Axos publishes no multi-currency account, FX margin or foreign-currency payment rail; it offers only free international incoming wires. Commercial banking offers Treasury Management, Analyzed Business Checking with an earnings credit, and IntraFi Network Deposits, but no multi-currency cash pooling is published. · source

4.0Best interest on business balances

Insured Cash Sweep expands deposit insurance to 265 million dollars, but Axos publishes no specific yield rate for Basic Business Checking balances. · source

4.0Fintech companies that need a partner bank

Commercial banking serves payment processors with API integrations, but Axos's own commercial page names no dedicated fintech-partnership, BaaS or correspondent-lending program. · source

4.0Startups & VC-backed companies

Business Checking has no minimum deposit and opens online, but Axos publishes no venture-debt or pre-revenue startup program. · source

3.0On-ramp: buy crypto with fiat

Crypto businesses are declined as a restricted industry, while a 2026 CEX.IO guide says Axos customers can fund exchange purchases by card and ACH; the bank itself publishes no policy for business transfers to exchanges. · source

3.0Bitcoin

Sister company Axos Invest offers retail thematic portfolios holding bitcoin ETFs from a 1,000 dollar minimum under its March 2026 brochure, but no outright bitcoin is bought or held and the bank has no BTC service for companies. · source

2.5Foreign-owned & non-resident companies

A business signer must be a US resident with a physical US address and Social Security number; non-resident aliens without a US address are excluded. · source

2.5Off-ramp: crypto to fiat in a business account

Axos declines applications from cryptocurrency businesses and publishes no source-of-funds process for exchange proceeds, so a company paid in crypto should expect questions or refusal. · source

2.0Trade, manufacturing & import-export

No letters of credit, guarantees or trade-finance product is described on Axos's commercial or business banking pages. · source

1.5High-risk verticals (iGaming, cannabis, adult, forex)

Applications are declined outright for cannabis distributors and dispensaries, internet gambling businesses and companion services, listed as restricted industries. · source

1.5Ethereum

The March 2026 Axos Invest brochure mentions bitcoin and other digital asset ETFs in retail portfolios but does not name ether, and the bank offers no ETH service to companies. · source

1.0Crypto-friendly bank

Business banking applications are declined outright for cryptocurrency businesses, listed as a restricted industry. · source

1.0Crypto wallet and custody for a business

Axos Bank offers no crypto wallet or custody for businesses in 2026; its only visible step is a trademark application for AXOS DIGITAL ASSETS filed in January 2026 and still pending. · source

1.0Accept crypto payments

Axos lists cryptocurrency as a restricted industry for business applications and offers no crypto acceptance for merchants as of 2026. · source

1.0Stablecoins (USDC, USDT and others)

No stablecoin account, payout or settlement exists for Axos business clients in 2026, and crypto firms are a restricted industry for account opening. · source

Sources

Built on public information and the BankStore team's own aggregated experience; no confidential client or partner data. Bank Index and BankStore are not banks. This is information, not financial advice.