Axos Bank

What Axos Bank does

Axos Bank is a digital-first, branchless bank headquartered in San Diego, California, operating as a wholly-owned subsidiary of Axos Financial, Inc. (NYSE: AX). Founded in 2000 (rebranded from Bank of Internet USA in 2018), the bank serves more than 500,000 consumer customers and over 40,000 small business customers nationwide, with approximately $28.2 billion in consolidated assets as of December 2025. It operates a multi-segment platform spanning consumer banking (checking, savings, mortgages, personal, auto, and marine loans), small business banking (checking, savings, SBA loans, payroll via Rollfi, merchant services), commercial banking and specialty lending (small-balance CRE, bridge and construction, equipment finance including the acquired Verdant Commercial Capital franchise, lender finance, mortgage warehouse), and securities clearing and investment services through wholly-owned subsidiaries Axos Clearing LLC and Axos Invest, Inc.

The technology backbone is a unified cloud-native digital platform distributed via web and the Axos All-In-One mobile app, supporting fully online account opening, self-serve lending applications, biometric authentication, and dedicated commercial borrower portals. Proprietary components include the HomeAdvantage real estate cash-rewards platform (850+ agents), the ClickSwitch direct-deposit migration tool, the Evo AI virtual assistant, Rate Watch mortgage alerts, and the Axos Insured Deposit / InsureGuard+ programs that extend FDIC coverage up to $265 million via IntraFi Network Deposits. Distribution is entirely self-serve digital for consumer/SMB segments, supplemented by dedicated relationship managers and embedded partnerships (Rollfi for payroll, Qualia for title/escrow) for commercial verticals.

The revenue model is dominated by net interest income (Q4 FY2024: $331.7 million, +18.4% YoY) from loan-versus-deposit spreads across mortgages, consumer loans, commercial loans, and equipment finance, supplemented by recurring transaction fees from securities clearing (Axos Clearing), mortgage origination/servicing fees, advisory and brokerage fees (Axos Invest), and equipment leasing income (Verdant). The bank reported $385.1 million in Q4 FY2024 non-GAAP revenue (+25.1% YoY), with a 47.9% efficiency ratio, reflecting the structural cost advantage of a branchless, digital-first operating model.

Name

Axos Bank

Legal name

Axos Bank

Website

https://axosbank.com

Company type

Public

Founded year

2000

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Axos Bank is a branchless digital bank offering consumer deposits, mortgages, personal and auto loans, small business banking, commercial lending, equipment finance, securities clearing, and investment services to over 500,000 retail and 40,000+ small business customers nationwide, operating as a wholly-owned subsidiary of NYSE-listed Axos Financial (AX).

Ownership category

akta.pro rank

Product category

Digital Banking

NAICS

Depository Credit Intermediation (5221)

SIC

National Commercial Banks (6021)

akta.pro primary industry

Embedded Deposit Accounts & Digital Wallet Infrastructure (FSAGALAE)

akta.pro secondary industry

Embedded Lending & Credit (POS, Working Capital, Credit Lines) (FSAGALAD)

Keywords

• Digital banking services
• Commercial real estate lending
• Consumer deposit accounts
• Mortgage lending
• Equipment financing

Headquarters

HQ city

San Diego

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Net Interest Income (NII): Primary revenue driver through interest rate spreads between loans originated/held (mortgages, personal loans, auto loans, commercial loans) and deposit funding costs. As a digital-first bank, Axos passes competitive deposit rates to consumers while earning higher margins on its loan portfolio.
2. Mortgage Origination and Servicing Fees: Revenue from originating and servicing residential mortgage loans including conforming, FHA, VA, jumbo, and portfolio/non-QM products. Zero-lender-fee promotions drive volume; revenue earned on loan origination fees and servicing rights.
3. Securities Clearing (Axos Clearing LLC): Revenue from securities clearing and custody services provided to broker-dealers through Axos Clearing LLC, generating fees per transaction and account maintenance charges.
4. Equipment Finance (Verdant Commercial Capital): Equipment leasing and financing revenue through the Verdant Commercial Capital division, acquired by Axos Bank in late September 2025. Originated $1.07 billion in 2025 with over $4 billion in total financing origin since 2017.
5. Investment Advisory and Brokerage (Axos Invest): Fee-based revenue from managed portfolios, self-directed trading, and advisory services offered through Axos Invest LLC and Axos Invest, Inc. Registered investment adviser generating advisory fees and brokerage commissions.

Pricing tiers

Go-to-market motion1 record

Distribution channels7 records

Marketing channels6 records

Core offering

Axos Bank is a digital-first, branchless bank delivering FDIC-insured consumer and business banking products—including high-yield checking and savings accounts, mortgages, home equity loans, personal and auto loans, SBA loans, commercial real estate lending, equipment finance, securities clearing (Axos Clearing), and investment services—through online and mobile platforms. The bank also serves specialty commercial segments such as title and escrow companies, HOA/property managers, payment processors, hedge funds, and broker-dealers via dedicated relationship-managed offerings.

Product overview

Axos Bank is a digital-first banking platform (operating since 2000, rebranded from Bank of Internet USA in 2018) organized as a multi-product, multi-channel financial services company traded on NYSE as AX with approximately $28.2 billion in consolidated assets. The offering is a platform-plus-modules architecture built around three core business lines: (1) Consumer Banking encompassing deposit products (Axos ONE checking+savings bundle, Axos Checking, Summit Savings, First Checking/First Savings for teens, Premier Banking with InsureGuard+), lending (mortgages including FHA/VA/Jumbo/DSCR/Portfolio loans, home equity loans/HELOCs, personal loans $7K–$50K, auto loans, marine loans), and investment services (Managed Portfolios, Self-Directed Trading); (2) Small Business & Commercial Banking encompassing business checking/savings/bundles, SBA loans, merchant services, payroll services (via Priority Rollfi), treasury management, and a broad commercial lending suite (Small Balance Commercial Real Estate, Equipment Finance including acquired brand Verdant Commercial Capital, Lender Finance, Bridge & Construction Lending, Commercial Term Loans, Lines of Credit, Mortgage Warehouse Lending); and (3) Specialized Commercial Services for verticals including Title & Escrow (integrated with Qualia), HOAs, Third Party Payment Processors, 1031 Exchange Intermediaries, Fiduciary Services, Hedge Funds, and Technology & Life Sciences. Additional modules include AI assistant (Evo), financial planning tools (Personal Finance Manager, Credit Score Monitoring, Rate Watch), and a Refer a Friend program.

Differentiator

Problem solved

Functional benefit

Brands

• Axos ONE: A checking and savings bundle product offering up to 4.21% APY on savings and 0.51% APY on checking.
• Axos Checking
• Summit Savings
• InsureGuard+ Savings
• Verdant Commercial Capital

Products and services

• Axos ONE All-in-one personal banking bundle that combines a high-yield savings account with a no-fee checking account, designed for individual consumers seeking higher APYs on everyday deposits.
• Axos Checking Consumer checking account with up to 4.21% APY, no monthly fees, no minimum balance, and unlimited domestic ATM fee reimbursement at 95,000+ ATMs.
• Summit Savings High-yield consumer savings account designed for balances up to $250,000, offering premium APY rates for customers meeting specified activity or balance thresholds.
• First Checking Entry-tier consumer checking account targeting customers who prefer a straightforward checking relationship with no minimum balance requirements and no monthly fees.
• First Savings Entry-tier consumer savings account with tiered APY and no monthly maintenance fee.
• InsureGuard+ Savings Consumer savings product leveraging IntraFi Network Deposits / InsureGuard+ technology to provide expanded FDIC coverage up to $265 million per depositor, aimed at high-net-worth households.
• Axos Premier Banking White-glove personal banking tier for high-balance clients featuring dedicated banker support, ATM fee waivers, free wire transfers, and free standard checks.
• Managed Portfolios Automated, advisor-supported investment portfolios for individual investors seeking diversified, professionally managed brokerage accounts.
• Self-Directed Trading Self-directed retail brokerage account allowing individual investors to buy and sell stocks, ETFs, options, and other securities on their own.
• Home Purchase Loans Residential mortgage suite for home buyers offering conforming, FHA, VA, jumbo, super jumbo, DSCR, and portfolio loan programs.
• Home Refinance Loans Mortgage refinance suite covering rate-and-term, cash-out, and streamline FHA/VA refinance options for existing homeowners.
• Home Equity Loans and HELOC Lump-sum home equity loans and revolving home equity lines of credit (HELOCs) for homeowners seeking to leverage residential equity.
• Personal Loans Unsecured personal installment loans for individual consumers covering debt consolidation, major purchases, and other personal needs.
• Auto Purchase and Refinance Loans New, used, and refinance auto loans for individual borrowers, originated directly to consumer customers.
• Marine Loans Recreational marine financing covering boat and yacht purchase loans and refinance for individual borrowers.
• Basic Business Checking Entry-tier small business checking account with no monthly fee for small businesses and sole proprietors.
• Business Premium Savings High-yield business savings account designed for small and mid-sized businesses to earn interest on operating cash balances.
• Axos Business Bundle Bundle combining a Business Premium Savings, Basic Business Checking, and Business Savings account at combined relationship pricing for small businesses.
• Treasury Management Treasury management solutions including ACH origination, wire transfers, positive pay, remote deposit, and cash-management tools for business clients.
• SBA Loans SBA-guaranteed small business loans, including SBA 7(a) and SBA 504 programs, offered to qualifying small businesses.
• Merchant Services Payment processing and merchant services for small and mid-sized businesses accepting card payments.
• Payroll Services Payroll processing services for small and mid-sized businesses, integrated with Axos business banking accounts via Rollfi.
• Insured Cash Sweep (Business) Insured cash sweep program for business customers using InsureGuard+ / IntraFi Network Deposits to provide expanded FDIC coverage on operating cash balances.
• Small Balance Commercial Real Estate Lending Commercial real estate lending program for smaller-balance CRE loans on multifamily and other income-producing properties.
• Commercial Real Estate Bridge and Construction Lending Short-term bridge, construction, and development loans on income-producing commercial real estate properties.
• Equipment Finance (Verdant Commercial Capital) Equipment financing and leasing solutions for businesses, originated through the Verdant Commercial Capital division.
• Lender Finance Specialty financing solutions provided to non-bank lenders, fintech companies, and similar institutional counterparties.
• Commercial Term Loans Senior secured commercial term loans extended to mid-market and larger commercial borrowers for growth, refinancing, and acquisition financing.
• Commercial Lines of Credit Revolving commercial lines of credit providing working capital and operational liquidity to commercial borrowers.
• Mortgage Warehouse Lending Short-term warehouse credit facilities provided to independent mortgage bankers to fund residential loan origination.
• Title and Escrow Banking Banking services tailored to title and escrow companies, integrated with the Qualia real estate platform.
• HOA and Property Management Banking Lockbox, reserve, and operating banking services for homeowner associations, community associations, and property management firms.
• Third Party Payment Processors Banking

Quantifiable outcome

• 66% productivity increase and 80% defect rate reduction from AI implementations (OutSystems 2026 Innovation Award)
• +4 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

AI capability6 records

Feature7 records

Partnerships

Six partnerships are on record, tiered core and supporting.

• Priority Rollfi (Priority Technology Holdings, Inc.)coreTechnology or Integration · 3 February 2026Axos Bank selected Rollfi as its embedded payroll and benefits technology partner following a competitive RFP process. Rollfi provides API-based modular infrastructure to automate payroll processing, streamline tax compliance, and deliver connected employee benefits management within Axos's digital banking ecosystem for commercial banking clients. The partnership enhances back-office capabilities for Axos's small business banking customers.
• Qualia (Bank Partner Network)coreTechnology or Integration · 5 January 2026Axos Bank joined Qualia's Bank Partner Network, integrating its specialized title and escrow banking services with Qualia's digital real estate closing platform. The partnership provides title and escrow companies with robust integrations including positive pay, daily clearing, wire integrations, enhanced security protocols, and improved operational efficiency, reducing manual processes and mitigating fraud risk for shared clients.
• Verdant Commercial CapitalcoreStrategic or Co-development Partner · 23 September 2025Axos Bank acquired Verdant Commercial Capital for $43.5 million, significantly expanding its equipment leasing business. Verdant achieved $1.07 billion in originations in 2025 and has a total financing origin of over $4 billion since 2017. The acquisition adds equipment finance capabilities including ABS securitization structures rated by Moody's, with earn-out provisions and expected accretion to earnings by 2027.
• HomeAdvantage Partners LLCcoreStrategic or Co-development PartnerAxos Bank partners with HomeAdvantage, a licensed real estate broker, to provide home buyers access to 850+ real estate agents nationwide. HomeAdvantage enables Axos mortgage customers to earn cash rewards equal to 20% of the agent's commission upon closing. The partnership differentiates Axos's mortgage offering from competitors and drives referral volume for both parties.
• IntraFi Network DepositssupportingTechnology or IntegrationAxos Bank uses IntraFi Network Deposits to offer InsureGuard+ Savings, enabling depositors to access FDIC coverage up to $265 million through the network's multi-institution deposit placement service. Deposits are split into $250,000 increments placed across multiple FDIC-insured institutions within the IntraFi network, maximizing deposit insurance coverage.
• ClickSwitch (Direct Deposit Migration)supportingTechnology or IntegrationClickSwitch is an automated direct deposit migration tool offered through Axos Bank, enabling new customers to easily transfer their direct deposit accounts from previous banks to Axos with minimal friction, reducing churn risk and accelerating account activation.

Scale indicators16 records

Recent moves6 records

Expansion highlights6 records

Emerging players

• Chime: Leading consumer neobank with checking, savings, and early-payday features targeting mass-market and underbanked consumers — a primary competitor for the same digital-first demographic.
• Varo Bank: Chartered mobile-first neobank competing for the same digital-first consumer savings market with no-fee checking and high-yield savings — a closer niche overlap than incumbent banks.

Direct peers

• LendingClub Bank: Digital bank formed from the merger of LendingClub and Radius Bank, offering high-yield savings and personal loans — directly comparable consumer fintech-banking model.
• Ally Financial / Ally Bank: Largest US digital-only bank; offers high-yield online savings, checking, auto loans, mortgages, and investment products with a comparable no-branch model and similar target customer base.
• SoFi Technologies: National chartered digital bank offering high-yield savings, checking, personal loans, mortgages, and investment services — closely matching Axos's full-stack consumer fintech-plus-bank model.
• Discover Financial Services: Direct-to-consumer bank with online savings, checking, credit cards, and personal loans — competing head-to-head for the same fee-averse, rate-conscious consumer demographic.
• Marcus by Goldman Sachs: Goldman Sachs's online bank offering high-yield savings and personal loans with no branches — directly comparable product set and customer acquisition playbook.

Broad incumbents

• Charles Schwab Bank: Brokerage-led bank offering high-yield deposits, money market funds, and FDIC-sweep coverage, with comparable cash-management positioning to Axos Premier/InsureGuard+.
• Synchrony Financial: Large consumer finance company with a digital deposit franchise and broad lending products (credit cards, installment loans, partner financing), overlapping with Axos's consumer lending and digital banking.
• Capital One: Major US bank with a strong digital and direct-to-consumer presence (Capital One 360), high-yield savings, and consumer/card lending — overlapping Axos's consumer banking core.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights8 records

Customer concentration

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments5 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Axos Bank