How to open an Axos Bank account and what are the requirements?

In an increasingly digital and convenience-focused world, online banking institutions are gaining ground as they offer consumers an attractive alternative to traditional banks. Axos Bank is one of the leading exponents of this financial revolution.

It was founded in 2,000 as Bank of Internet USA and became Axos Bank in 2018. Axos Bank is a digital bank, so it has no physical branches. However, this is not a limitation.

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It currently offers a wide range of banking products and services, including checking and savings accounts, personal and business loans, payroll services, e-commerce services, mortgage loans and more.

How to open an Axos Bank account?

Requirements to open an Axos Bank account

If you are interested in opening an account with this bank, you must make sure you meet the requirements they demand. These are:

  • Be at least 18 years old.
  • Have valid identification, such as a driver's license or passport.
  • Provide a valid Social Security number.

Account Opening Process

If you do indeed meet the requirements, you will need to follow these steps:

1. Log in to the Axos Bank website.

Once on the home page, find and select the "Open an Account" option. This button will direct you to the online application process.

2. Choose the type of account

Axos Bank offers a variety of checking and savings accounts to meet your financial needs. You can select from options such as Essential Checking, Rewards Checking, CashBack Checking, Savings, among others. Be sure to choose the account that best suits your financial goals.

Rewards Checking Account

Rewards Checking Account

Fee free online account with interest payments of up to 3.30% APY and a $300 gift for new customers who sign up for the Rewards Checking Account.
High Yield Savings account

High Yield Savings account

Savings account with a profitability well above the average, with total availability of your money and with the possibility of requesting an ATM card to withdraw money.
Cashback Checking account

Cashback Checking account

Online checking account without fees, which offers you a debit card at no cost and the reimbursement of up to 1% of the amount of the purchases in which you sign the receipt.
Essential Checking Account

Essential Checking Account

Commission-free online checking account, with free debit card and fee reimbursement at ATMs you use in the United States

3. Complete the online application form

Once you have selected your account type, you will be redirected to an online application form. Here, you will need to provide your personal information; this includes name, address, Social Security number, date of birth and other details necessary to open the account. Be sure to fill out all fields accurately.

4. Verify your identity

Axos Bank takes the security and protection of your identity very seriously. Therefore, you will be asked to provide valid identification, such as a driver's license or passport, to verify your identity. It is important that you have these documents at hand before starting the application process.

5. Wait for approval

After completing the previous steps, the bank will review your application. If it meets all the requirements and is approved, you will receive notifications on how to access your account online. In a short time, you'll be ready to start managing your finances efficiently.

6. Deposit funds into your account

To complete the account opening process, you will need to make a minimum initial deposit, which can range from $50 to $250 for a high-yield savings account. You can do this by wire transfer, check or direct deposit from another bank account.

As you can see, opening an Axos Bank account is a simple process that you can do online and the requirements are minimal. If you are looking for an online bank account that is convenient and offers you options to meet your financial needs, Axos Bank is an excellent choice.

Why choose Axos Bank for your finances?

This bank stands out for several key reasons, which make it stand out in the competitive world of online banking:

Innovation and advanced technology.

Axos Bank has embraced cutting-edge technology. It has developed a state-of-the-art online platform that allows customers to access their accounts and conduct transactions efficiently from the convenience of their electronic devices.

This means you can manage your money anytime, anywhere, completely eliminating the need to visit a physical branch.

Wide range of products and services

This bank offers a wide variety of banking products designed to meet the diverse financial needs of its customers. Whether you're looking for a savings or checking account, investment products or personal loans, you're likely to find an option that perfectly suits your financial goals.

Competitive rates and additional benefits

This online bank prides itself on offering competitive rates and attractive benefits, which means you can maximize your savings while taking advantage of additional perks. These benefits can include favorable interest rates, cash rewards, and cash back programs, among others.

Customer experience focused on satisfaction

Axos Bank strives to deliver a high-quality customer experience. Their customer service is available to assist you with any questions or issues you may have, giving you peace of mind knowing you are backed by a professional team.

Español: ¿Cómo abrir una cuenta en el Axos Bank y qué requisitos tiene?