Axos Bank vs Bank of America
Axos Bank is a full-service online bank with excellent checking and savings. How does it compare to Bank of America? Read our comparison chart below.
Axos Bank offers a range of checking and savings products. Checking options includes a up-to 1% cashback account and rewards checking account with a higher interest rate. Savings options include savings accounts and CDs with higher-than-average rates. All accounts have no monthly service fees.
While Bank of America is one of the largest banks in the U.S. with approximately 3,700 locations and 15,000 ATMs. It is known for good customer service with extended hours. It offers checking, savings, CDs, IRA, and investment accounts through Merrill Edge.
Compare Axos Bank with Bank of America, side-by-side. Read on for an in-depth look, including ratings and reviews.
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| Learn More | Learn More | |
Axos Bank | Bank of America | |
|---|---|---|
Basic Business Checking - | Bank of America Advantage Banking - Up to $500 Cash Offer | |
Benefits and Features | ||
| Savings | Up to 4.21% APY (promotional rate) | Bank of America Advantage Savings Standard Rate: 0.04% APY |
| CD | 0.20% APY. Terms of 3 months to 5 years. $1,000 minimum |
|
| Checking | Rewards Checking: Up to 3.30% APY Cashback Checking: Up to 1% cashback |  |
| Money Market | ||
| Mobile App | ||
| ATMs | approximately 91,000 partner ATMs | |
| Customer Service |
| |
| IRA CD | | |
| Locations | ||
CreditDonkey® Reviews | ||
| ||
| Savings |   | |
| CD |  | |
| Checking | | |
| Mobile App | | |
| ATMs | | |
| Locations | | |
| Pros & Cons | Pros:
| |
| Bottom Line | Full-service online bank with excellent checking and savings... | |
| Learn More | Learn More | |
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Axos Bank: Pricing information from published website as of 09/30/2026. Bank of America: Pricing information from published website as of 09/17/2026 based on 91107 zip code. | ||
Bank of America Advantage Banking - Up to $500 Cash Offer
- The up to $500 cash offer must be opened through the Bank of America promotional page.
- The offer is for new checking customers only.
- Offer expires 01/31/2027.
- To qualify, open a new eligible Bank of America Advantage Banking account through the promotional page and set up and receive Qualifying Direct Deposits*
into that new eligible account within 90 days of account opening. Your cash bonus amount will be based on the total amount of your Qualifying Direct
Deposits received in the first 90 days of account opening.
Cash Bonus Total Direct Deposits $100 $2,000 $300 $5,000 $500 $10,000+ - After the Deposit Period ends, and once you satisfy all the requirements, we will attempt to deposit the earned bonus directly into your new eligible personal checking account within sixty (60) days. The new eligible personal checking account must be open and in good standing up to and including the date any earned bonus is paid.
- Bank of America Advantage SafeBalance Banking® for Family Banking accounts are not eligible for this offer.
- Additional terms and conditions apply. See offer page for more details.
- *A Qualifying Direct Deposit is a direct deposit of regular monthly income – such as your salary, pension or Social Security benefits, which are made by your employer or other payer – using account and routing numbers that you provide to them.
- Bank of America, N.A. Member FDIC
Which is Better: Axos Bank or Bank of America?
Still need help deciding which bank reviews & deals is better? Read the in-depth reviews below. You may also be interested in comparing Axos Bank or Chase.
Articles on Axos Bank
Axos Bank Review
Axos Bank offers full-service banking completely online with no fees. Find out below whether they can replace your traditional bank account.
Axos Business Checking
Looking for affordable banking for your small business? Axos Bank offers a free business checking account or an interest-bearing account. Read on.
Articles on Bank of America
Bank of America Review
Bank of America is a national bank with many account options and user-friendly online banking. But does this convenience come at a cost? Read on.
Bank of America Problems
Bank of America may be one of the biggest banks, but many customers find a lot of issues with their banking services. What are they? Keep reading.
Bank of America CD Rates
Bank of America is one the biggest banks in the U.S. But are their CD rates worth it? Read on to find out.
How to Close a Bank of America Account
Want to close your Bank of America account? Learn how and what you need to do before you close your account.
Bank of America Hours
Bank of America is open 5-6 days a week, depending on the location. Take a look at their business hours below.
Bank of America Routing Number
Find your Bank of America routing number and learn about money transfers in our guide.
Which Do You Think is Best?
Which Bank Account is Right for You?
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