Axos Bank

Axos Bank

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More info of Axos Bank

Unlike other traditional institutions, Axos Bank is part of the new generation of online or digital banks. Founded in 2000, it accumulated in 2020 more than $14 billion in assets and net income of nearly $216 million.

Its commitment over these two decades has been to deliver more value, innovative services and fewer fees.

Axos Bank emerged as a modern fintech that continues to improve to offer you simple management and quick access to your finances. This translates into the use of a mobile app for Android and Apple devices, biometric authentication for added security, alerts/notifications about your movements, online card management, payment automation and more.

Axos Bank has almost everything a traditional bank offers, such as personal/commercial banking, loans, mortgages and SME solutions. Still, you get a secure experience, 24-hour service, intuitive interaction and everything you need at your fingertips.

History of Axos Bank

When we look at Axos Bank's brief history, it's no wonder it's positioned in an increasingly digitized world. According to its own account, this evolution has been marked by several milestones:

• 2000. Born under the name Bank of Internet USA on the 4th of July with a basic current account.
• 2005. After showing sustained growth, Bofi Holding goes public on Nasdaq under the name "BOFI".
• 2009-2014. This stage of development brought with it an award-winning checking account; family, commercial and industrial loans; business banking products; and deposit instruments for financial advisors. They also incorporated Costco partner mortgages through H&R Block.
• 2016. Began materialization of its universal banking platform for a superior online experience. Named one of the fastest growing companies and opened a physical office in Las Vegas.
• 2018. This year they launch their Universal Digital Bank platform after two years of work, added unsecured personal loans and established an alliance with English bank Nationwide. In addition, they merged all their brands into what we now know as Axos Bank.

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