Axos Bank vs Varo Bank

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

	Axos Bank	Varo Bank
	Member FDIC
	Learn More	Learn More
	SPECIAL OFFER Rewards Checking - Up to 3.30% APY - Learn More Read Axos Bank Review	SPECIAL OFFER Varo Bank Account - Learn More
	Benefits and Features
Savings	0.61% APY (balances under $25k); 0.25% APY ($25K-$100K); 0.15% APY ($100k and over)	3.00% APY on all balances. Opportunity to earn 5.00% APY if your daily savings balance does not exceed $5,000 AND you make at least 5 Varo debit card purchases per month AND receive at least $1,000 in direct deposits in either the Varo Bank Account or Savings Account.
CD	0.20% APY. Terms of 3 months to 5 years. $1,000 minimum
Checking	Rewards Checking: Up to 3.30% APY Cashback Checking: Up to 1% cashback	No monthly service fee; no minimum balance; no overdraft fees
Monthly Fee		$0
Money Market	0.25% APY
Minimum Deposit to Open		$0
Mobile App	iOS & Android	iOS & Android
ATMs	approximately 91,000 partner ATMs	over 55,000 fee-free AllPoint ATMs
Customer Service	24/7	Mon-Fri 8am - 9pm (ET) and Sat-Sun 11am to 7pm (ET)
Locations	Online only	Online only
	CreditDonkey® Reviews

Savings
CD
Checking
Money Market
Mobile App
ATMs
Locations
Pros & Cons	Pros: Checking with rewards No monthly fee Domestic ATM rebates Cons: Low CD rates No physical branches
Bottom Line	Full-service online bank with excellent cashback and interest checking... Read full review
	Rewards Checking - Up to 3.30% APY Basic Business Checking - Up to $400 Bonus Business Premium Savings - Up to 4.01% APY	Varo Bank Account Online Savings Account
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. Varo Bank: Pricing information from published website as of 11/26/2024.

Member FDIC

Rewards Checking - Up to 3.30% APY

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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

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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

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.