Axos Bank vs BMO

Axos Bank is a full-service online bank with excellent cashback and interest checking. How does it compare to BMO? Read our comparison chart below.

Axos Bank offers a range of checking and savings products. Checking options includes a up-to 1% cashback account and rewards checking account with a higher interest rate. Savings options include savings accounts and CDs with higher-than-average rates. All accounts have no monthly service fees.

While BMO has over 900 branches and is the 8th largest bank in North America by assets. Smart Advantage checking has no fee and no minimum balance if you opt for eStatements. Savings need just $100 to open with easy ways to waive fees. Special Rate CDs require a $5,000 minimum opening deposit.

Compare Axos Bank with BMO, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

	Member FDIC	Member FDIC
	Learn More	Visit Site
	Axos Bank	BMO
	SPECIAL OFFER Rewards Checking - Up to 3.30% APY - Learn More Read Axos Bank Review	SPECIAL OFFER BMO Smart Advantage Checking Account and BMO Smart Money Checking Account - Earn $300 Cash Bonus* - Learn More Read BMO Review
	Benefits and Features
Savings	0.61% APY (balances under $25k); 0.25% APY ($25K-$100K); 0.15% APY ($100k and over)	0.01% APY. $5 reward every month you save $200 or more, for the first year.
CD	0.20% APY. Terms of 3 months to 5 years. $1,000 minimum	0.05% - 3.50% APY. Terms of 3 months to 5 years. $1,000 minimum opening deposit.
Checking	Rewards Checking: Up to 3.30% APY Cashback Checking: Up to 1% cashback	Smart Advantage, Smart Money, Relationship
Money Market	0.25% APY	0.80% APY. $25 minimum opening deposit. $10 monthly fee, waived with a $5,000 minimum daily balance.
Mobile App	iOS & Android
ATMs	approximately 91,000 partner ATMs	40,000+ BMO and Allpoint ATMs
Customer Service	24/7	Mon-Fri: 7am - 10pm (CT); Sat-Sun 8am - 8pm
IRA CD		0.05% - 1.50% APY. Terms of 3 months to 5 years. $1,000 minimum opening deposit
IRA Money Market		IRA Premium Savers: $100 minimum opening deposit. No monthly maintenance fee
Locations	Online only	981 branches
	CreditDonkey® Reviews
Savings
CD
Checking
Money Market
Mobile App
ATMs
Locations
Customer Service
Pros & Cons	Pros: Checking with rewards No monthly fee Domestic ATM rebates Cons: Low CD rates No physical branches	Pros: Free checking with eStatements Large ATM network Good financial tools Cons: Limited branches Low savings APY
Bottom Line	Full-service online bank with excellent cashback and interest checking... Read full review	Midwest bank with options for low and high-balance customers... Read full review
	Learn More	Visit Site
	Rewards Checking - Up to 3.30% APY Basic Business Checking - Up to $400 Bonus Business Premium Savings - Up to 4.01% APY	BMO Smart Advantage Checking Account and BMO Smart Money Checking Account - Earn $300 Cash Bonus* Savings Account - Up to $60 Bonus BMO Alto Online Savings Account - 4.30% APY
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Axos Bank: Pricing information from published website as of 09/27/2024. BMO: Pricing information from published website as of 12/20/2024 based on 60603 zip code.

Member FDIC

Rewards Checking - Up to 3.30% APY

Get Deal

• Build your own APY with up to 3.30% APY*
• Zero monthly maintenance fees
• Zero overdraft or NSF fees
• Zero minimum monthly balance reqs
• No initial deposit requirement
• Unlimited domestic ATM fee reimbursements
• Online debit card management
• Simple, 3-step process for direct deposit

Member FDIC

Basic Business Checking - Up to $400 Bonus

Get Deal

Expires 1/31/2025

• Business owners get up to $400 welcome bonus!* Open a business checking account by January 31, 2025 and get up to $400 when you use promo code NEW400 on your application.*
• No initial deposit requirement
• No minimum balance requirement
• No monthly maintenance fees
• Free domestic incoming wires. Two (2) outgoing domestic wire fees reimbursed per month.
• Unlimited domestic ATM fee reimbursements
• Unlimited item processing (debits, credits, and deposited items)
• Cash deposits via MoneyPass and AllPoint networks

Member FDIC

Business Premium Savings - Up to 4.01% APY

Get Deal

Expires 1/31/2025

• Unlock a bonus up to $375 with Business Premium Savings. Save more, pay lower fees, and get a limited-time bonus up to $375 with a 4.01% APY* Business Premium Savings account. Use promo code BPS375.†
• Earn 4.01% APY* With Business Premium Savings
• Free domestic and international incoming wires
• No monthly maintenance fee
• No minimum opening deposit
• No average daily balance requirement
• Business deposit accounts FDIC insured up to $250k

Member FDIC

BMO Smart Advantage Checking Account and BMO Smart Money Checking Account - Earn $300 Cash Bonus*

$300 Cash Bonus* when you have $4,000 in direct deposits within 90 days of opening between 11/1/24 – 2/3/25. *Conditions Apply. Available in the U.S. BMO Bank N.A. Member FDIC

Get Deal

Expires 2/3/2025

Which is Better: Axos Bank or BMO?

Still need help deciding which bank reviews & deals is better? Read the in-depth reviews below. You may also be interested in comparing Axos Bank or Bank of America.

In short: Axos Bank's savings, checking, and money market are notable. In particular, the checking is excellent. BMO's cd is notable.

Articles on Axos Bank

Axos Bank Review

Axos Bank offers full-service banking completely online with no fees. Find out below whether they can replace your traditional bank account.

• Axos Bank vs Bank of America
• Axos Bank vs Chase
• Axos Bank vs Discover Bank

Axos Business Checking

Looking for affordable banking for your small business? Axos Bank offers a free business checking account or an interest-bearing account. Read on.

Articles on BMO

BMO Review

BMO offers low fees and a large ATM network. But savings rates are low. However, the strong features can still make it a good bank for you. Read on.

• BMO vs Capital One
• BMO vs US Bank
• BMO vs Wells Fargo

BMO Routing Number

If you have a BMO account, you only need to be aware of one routing number. This number is 071025661. Read on and learn how to use it.

• BMO vs PNC Bank

Who Owns BMO

BMO is a publicly-traded company with significant institutional investors. These include several well-known Canadian asset management firms and banks.

Is BMO an Ethical Bank

BMO has been recognized as one of the World's Most Ethical Companies for six consecutive years. How did they earn this award? Find out.

BMO Relationship Minimum Balance

Get more perks when you open a BMO Relationship Checking Account. Find out the balance you need to reach to unlock them.

Is BMO a Good Bank

Is BMO a good choice for your banking needs? Find out here.

Is BMO a Safe Bank

Wondering about the security of your funds with BMO? They have a Financial Crimes Unit backing you up, for one. Read on for more details.

What is BMO

BMO Harris is now BMO. But are they a legit bank? Find out if you should bank with them.

BMO Smart Advantage vs Smart Money

BMO's Smart Advantage has $0 monthly fees. Smart Money has no overdraft fees. Which one is a smarter choice? Read on to find out.

Is BMO a Real Bank

BMO, is a U.S bank, part of the Bank of Montreal. It offers solid basic checking options and a large ATM network. But, is it legit? Read on to find out.

Which Do You Think is Best?

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