What is Axos Bank's minimum balance requirement?

Axos Bank has no minimum balance requirement on any personal deposit account. Essential Checking, Rewards Checking, and High Yield Savings all charge no monthly fee and require no minimum balance. You can open and maintain any Axos account with $0.

Is there a minimum deposit to open an Axos Bank account?

Axos Bank requires no minimum opening deposit on Essential Checking or Rewards Checking. High Yield Savings also has no minimum opening deposit. You can open any Axos account with $0 and fund it later.

Does Axos Bank Rewards Checking require a minimum balance to earn cash back?

Axos Rewards Checking earns up to 1% cash back on debit signature purchases. No minimum balance is required to earn cash back. However, the cash back rate can vary based on monthly activity requirements such as direct deposit amount and minimum transaction count. Check current Axos terms for the latest qualifying conditions.

What happens if my Axos account balance drops to zero?

Axos Bank does not charge a monthly fee or a low-balance fee if your account reaches $0. The account remains open with no charge. If a transaction would overdraft the account, Axos offers overdraft protection through a linked account, or the transaction may be declined depending on account settings.

Does Axos have a minimum balance for CDs?

Axos Bank CDs typically require a $1,000 minimum deposit to open. Once a CD is opened, no ongoing minimum balance is required, but withdrawing funds before maturity triggers an early withdrawal penalty.

Is Axos Bank FDIC insured?

Yes. Axos Bank is FDIC-insured and deposits are protected up to $250,000 per depositor per account type, consistent with all FDIC-member banks.

Does Axos Bank Have a Minimum Balance? No — How Every Account Works

Axos Bank has no minimum balance requirement and no monthly fee on any personal checking or savings account. Essential Checking, Rewards Checking, and High Yield Savings all require $0 to open and maintain. Because Axos charges no monthly fees, there is no minimum balance needed to avoid a charge at any account tier.

Axos Bank Account Minimums at a Glance

Account	Minimum to Open	Ongoing Minimum	Monthly Fee
Essential Checking	$0	$0	$0
Rewards Checking	$0	$0	$0
CashBack Checking	$0	$0	$0
High Yield Savings	$0	$0	$0
CDs	$1,000	$0 after opening	$0

No Monthly Fee on All Accounts

Axos Bank operates as an online-only bank and does not charge monthly maintenance fees on any personal deposit account. Because there is no fee, there is no balance threshold to manage. A customer who opens a Rewards Checking account with $50 and maintains that balance pays nothing each month.

This is consistent with other online banks such as Ally, Discover, and Capital One. Axos differentiates from those banks primarily through its rewards checking structure and CD terms.

Essential Checking

Essential Checking is Axos’s basic no-fee checking account. It has no minimum balance, no monthly fee, and earns interest on all balances. The account provides unlimited domestic ATM fee reimbursements and access to the Axos mobile app for deposits and transfers. There are no transaction fees for standard debit card purchases or ACH transfers.

Rewards Checking

Rewards Checking is Axos’s premium checking account with no monthly fee and no minimum balance. The account earns up to 1% cash back on signature-based debit card purchases when monthly activity requirements are met. These requirements typically include a minimum direct deposit amount and a minimum number of transactions per month. The specific conditions and cash back percentage may vary. Review current Axos terms for qualifying thresholds.

High Yield Savings

Axos High Yield Savings has no minimum balance requirement and no monthly fee. It earns a competitive APY on any balance including $1. For current rates, see the Axos savings account guide.

Axos CDs

Axos Bank CDs require a $1,000 minimum deposit to open. Once opened, no ongoing minimum is required, but early withdrawal triggers a penalty. This is higher than Ally, Discover, and American Express, which all offer CDs with $0 minimum deposits.

For a full overview of Axos Bank accounts and features, see the Axos Bank complete guide.

Written by WealthVieu

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