Axos Bank Cashback Checking account review

Updated

Heard of a bank rewarding you for using an account? Rewards are common with credit cards, but now they've moved into the universe of management tools. That's what Axos' Cashback Checking account offers you, which gives you up to 1% back every time you make a signature purchase, and it only takes $50 to open.

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Commissions
Account management: $ 0
Check deposit: Consult
Check writing: Consult
Transfers: Consult
Advantage
Checkbook: With checkbook
Comment: You get 1% back on all purchases that require a signature, as long as you maintain a daily balance over $1,500. For lower balances the reimbursement is 0.50%.
Requirements
Minimum deposit: $ 50
Comment: You must be a legal resident of the United States and have a Social Security Number and a personal identification document.

Additional information of Cashback Checking account

Axos Bank CashBack Checking accountThe Axos online bank Cashback Checking account comes with a rewards program, where you get cashback on all signature-based purchases you make.

The cashback you receive can be either 1% or 0.5%. To get the maximum percentage, you must maintain a daily balance of $1,500 and above. If on a particular day, your balance falls below that amount, the bank applies the lower percentage for that month.

These rewards are for purchases with your debit card and where you sign the receipt. These rewards are awarded on the last day of the cycle and in the form of a deposit to your Cashback Checking account.

Other advantages of this banking product, would be:

  • Referral program
  • Access to mobile banking
  • Alert settings
  • Unlimited use of checks
  • Payment automation with Bill Pay
  • No maintenance fee
  • Unlimited withdrawals of ATM usage fees
  • Biometric authentication: Fingerprint, voice or face recognition

If your current spending is very active, you can get a lot out of Axos Bank's Cashback Checking account. But if you think this financial product is not for you, you can find other interesting accounts, such as those offered by Regions Bank or Capital One.

Español: Cuenta Cashback Checking de Axos Bank