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

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 3.30% APY (not cash back) when monthly activity requirements are met — typically a minimum direct deposit amount, a minimum number of debit purchases, and an active Axos investment account. CashBack Checking, a separate Axos product, is the account that earns cash back on debit purchases instead of APY. 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

Reported minimum deposits for Axos Bank CDs conflict across sources — some describe a $1,000 minimum, others describe no minimum. Confirm the current figure directly at axosbank.com before opening, and compare against Ally, Discover, and American Express, which have historically offered CDs with $0 minimum deposits.

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

Written by WealthVieu

WealthVieu researches and writes data-driven personal finance guides using primary sources including the IRS, Bureau of Labor Statistics, Federal Reserve, and Census Bureau.