Save money and be informed. CreditDonkey is a bank comparison and reviews website. This website is made possible through financial relationships with card issuers and some of the products and services mentioned on this site. Advertiser Disclosure†

Axos Bank vs Bank of America

Axos Bank is a full-service online bank with excellent cashback and interest checking. 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 4,300 locations and 17,000 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, reviews, pros and cons.

 Axos Bank
Member FDIC
Bank of America
Member FDIC
 Visit SiteLearn More
 

Axos Bank

Bank of America

SPECIAL OFFER
Rewards Checking - Up to 3.30% APY - Learn More

Read Axos Bank Review

OFFER
Bank of America Advantage Banking - $200 Bonus Offer

Read Bank of America Review

 

Benefits and Features

Savings0.61% APY (balances under $25k); 0.25% APY ($25K-$100K); 0.15% APY ($100k and over)
Check
CD0.20% APY. Terms of 3 months to 5 years. $1,000 minimum
Check
CheckingRewards Checking: Up to 3.30% APY
Cashback Checking: Up to 1% cashback
Check
Money Market
0.25% APY
 
Mobile App
iOS & Android
 
ATMsApproximately 91,000 partner ATMs
Approximately 16,000+ ATMs
Customer Service
24/7
  • Mon-Fri: 8am - 9pm (ET)
  • Sat: 8am - 8pm (ET)
  • Sun: 8am - 5pm (ET)
IRA CD 
Check
Locations
Online only
Approximately 3,900 retail financial centers
 

CreditDonkey® Reviews

 Axos BankBank of America
SavingsStarStarStarStarHalf StarStarStarEmpty StarEmpty StarEmpty Star
CDStarStarStarEmpty StarEmpty StarStarStarStarHalf StarEmpty Star
CheckingStarStarStarStarStarStarStarStarStarEmpty Star
Money MarketStarStarStarStarHalf Star
Mobile AppStarStarStarStarHalf StarStarStarStarStarHalf Star
ATMsStarStarStarStarHalf Star
LocationsStarStarEmpty StarEmpty StarEmpty Star
Customer ServiceStarStarStarStarEmpty Star
Pros & ConsPros:
  • Checking with rewards
  • No monthly fee
  • Domestic ATM rebates
Cons:
  • Low CD rates
  • No physical branches
Pros:
  • Large branch network
  • Extended service hours
  • Full service banking
Cons:
  • Monthly fees
  • Low interest rates
  • Many misc. banking fees
Bottom LineFull-service online bank with excellent cashback and interest checking... Read full reviewNational bank with widespread accessibility and wide range of services... Read full review
 Visit SiteLearn 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 03/01/2024.

    Bank of America: Pricing information from published website as of 03/15/2024 based on 91107 zip code.

    Axos Bank
    Member FDIC

    Rewards Checking - Up to 3.30% APY

    Expires 6/30/2024
    • Use promo code AXOS300 and apply by June 30th, to earn up to a $300 bonus!
    • Up to 3.30% APY
    • Zero monthly maintenance fees
    • Zero overdraft or NSF fees
    • Zero minimum monthly balance reqs
    • Unlimited domestic ATM fee reimbursements
    • Online debit card management
    • Simple, 3-step process for direct deposit
    • Only $50 to open an account
    Axos Bank
    Member FDIC

    Basic Business Checking - Up to $400 Bonus

    Expires 6/30/2024
    • Business owners get up to $400 welcome bonus!*
    • Open a business checking account by June 30 and get up to $400 when you use promo code NEW400 on your application and maintain a minimum average daily balance of $50,000.*
    • Zero opening deposit and cash deposits accepted
    • Zero minimum monthly balance requirements
    • Two domestic wire reimbursements monthly
    • Unlimited domestic ATM fee reimbursements
    • Enhanced Visa benefits and first 50 checks free
    • Dedicated relationship manager and more
    Axos Bank
    Member FDIC

    CashBack Checking - Earn up to 1.00% Cash Back

    • Earn up to 1.00% cash back on signature-based purchases
    • Unlimited domestic ATM fee reimbursement
    • No monthly maintenance fee
    • $50 minimum balance required to open account
    Bank of America
    Member FDIC

    Bank of America Advantage Banking - $200 Bonus Offer

    Expires 5/31/2024
    • The $200 bonus offer is an online only offer and must be opened through the Bank of America promotional page.
    • The offer is for new checking customers only.
    • Offer expires 5/31/2024.
    • To qualify, open a Bank of America Advantage Banking account through the promotional page and set up and receive qualifying direct deposits totaling $2,000 or more into that new account within 90 days of opening.
    • Bank of America will attempt to pay bonus within 60 days.
    • Additional terms and conditions apply. See offer page for more details.
    • Bank of America, N.A. Member FDIC.
    Bank of America
    Member FDIC

    Bank of America Business Advantage Checking Account - $200 Bonus Offer

    Expires 6/30/2024
    Earn a cash bonus in three steps:
    1. Open a new eligible business checking account by June 30, 2024
    2. Make Qualifying Deposits* of $5,000 or more in new money within 30 days of opening the new eligible business checking account
    3. Maintain an average balance of $5,000 for the next 60 days (day 31-90) during the maintenance period**
    *Qualifying Deposits are deposits of new money, which is money not currently or previously held in any account at Bank of America or Merrill
    **The maintenance period begins thirty-one (31) days after account opening and ends ninety (90) calendar days after account opening.
    Member FDIC
    Bank of America
    Member FDIC

    Bank of America Advantage SafeBalance Banking®

    • Banking that helps you stay within your balance.
    • No monthly maintenance fee each statement cycle when you meet one of the following: an owner of this account is under the age of 25 or maintain a minimum daily. balance of $500 in your account or are a member of Bank of America Preferred Rewards®.
    • 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.

    In short: Axos Bank's savings and checking are notable. In particular, the checking is excellent.


    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.

    Is Axos Bank Legit

    Is Axos Bank safe and legit? Find out if Axos is a good bank and learn more about its pros, cons, and common complaints.

    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 Savings Account Interest Rate

    Bank of America's Advantage Savings has a standard APY way below the national average. Read on to find out more.

    Bank of America High Yield Savings

    Bank of America offers various banking products and services. But does it have a high-yield savings account? Find out here.

    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?


    You Might Also Like

    How Much Are ATM Fees

    How Much Are ATM Fees

    Felt robbed by ATM fees? Find out just how much cash they're taking from you.
    Best Bank for 18 Year Olds

    Best Bank for 18 Year Olds

    Opening a bank as an 18-year-old is one of the best ways to start learning about money early. But with all your options, where do you even start?
    Best Teen Checking Accounts

    Best Teen Checking Accounts

    A good teen checking account can be your kid's training wheels to become financially responsible. Discover 10 picks like Capital One MONEY and more.
    Open Business Checking Account Online

    Open Business Checking Account Online

    Do it yourself: open your business checking account online in no time. Read this comprehensive review of the top 6 banks to make an informed choice.
    Best Business Bank Accounts for LLC

    Best Business Bank Accounts for LLC

    The best banks for LLCs have low fees and valuable perks to help your business grow. Here are the best business bank accounts for all types of LLCs.
    How Old Do You Have to Be to Open a Bank Account

    How Old Do You Have to Be to Open a Bank Account

    Learn the minimum age to open a bank account and the many different types of account options available to individuals under 18 years old.
    Best Free Business Checking for Freelancers and Side Hustlers

    Best Free Business Checking for Freelancers and Side Hustlers

    Which banks offer the best free business checking accounts for freelancers? Find the top interest rates and business perks for independent contractors.
    Best Business Checking Account

    Best Business Checking Account

    Cut banking costs and keep more money in your business. Here are the best business checking accounts (#1 is free).
    4 Types of Checking Accounts

    4 Types of Checking Accounts

    The right checking account can help you manage your money better. But there are many options. Find out which checking account is best for you.
    Best Student Checking Accounts

    Best Student Checking Accounts

    A student checking account allows you to manage your money with fewer fees and requirements. Find the best student checking accounts offered by the top banks.

    Next Page:

    About CreditDonkey
    CreditDonkey is a bank comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

    Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

    †Advertiser Disclosure: Many of the offers that appear on this site are from companies from which CreditDonkey receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). CreditDonkey does not include all companies or all offers that may be available in the marketplace.

    *See the card issuer's online application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However, all information is presented without warranty. When you click on the "Apply Now" button you can review the terms and conditions on the card issuer's website.

    CreditDonkey does not know your individual circumstances and provides information for general educational purposes only. CreditDonkey is not a substitute for, and should not be used as, professional legal, credit or financial advice. You should consult your own professional advisors for such advice.

    About Us | Reviews | Deals | Tips | Privacy | Do Not Sell My Info | Terms | Contact Us
    (888) 483-4925 | 680 East Colorado Blvd, 2nd Floor | Pasadena, CA 91101
    © 2024 CreditDonkey Inc. All Rights Reserved.