Axos Bank review

The monthly fee is $0. That is the whole standing cost of holding the account, and it sits alongside the debit structure of the card, which is a debit card drawing on your bank balance.

No. The account is a bank account from Axos Bank, not a crypto platform, so there is no coin list, no crypto balance and no conversion rate to check. Anything in this comparison built around crypto trading, such as Bitpanda, is a different product.

The bank is regulated in the United States by the FDIC, under FDIC cert 35546. The name on the account is Axos Bank, so the licence sits with the bank rather than with any card programme partner.

The licence is FDIC cert 35546, and the deposit sits with a US insured depository. That is the standard protection for bank deposits in the United States, and it is a different arrangement from holding crypto with a custodian or in self custody.

It is a US retail bank account from a bank headquartered in the United States, so it is built for customers banking in that market. Anyone trading outside US would find the pricing in US dollars harder to plan around.

It is a debit card. Spending comes straight out of the current account balance, so there is no separate prepaid balance to top up and no crypto holding behind the card.

Axos Bank charges a monthly fee of $0, while Monzo Flex charges £0, Wise £0 and Bitpanda €0. Standing costs are close, so the difference sits in what the card is connected to.

Choose Axos Bank if you want a bank account with a monthly fee of $0 and nothing else attached. Choose a crypto card such as Bitpanda if spending needs to draw on digital assets, since this card is a debit card tied to a bank balance.