For more information about Axos Bank, please visit. Axos Bank holds over $18.7 billion in consolidated assets and is a wholly owned unit of Axos Financial, whose common stock is listed on the NYSE under the symbol "AX" and is a component of the Russell 2000® Index, the S&P SmallCap 600® Index, the KBW Nasdaq Financial Technology Index, and the Travillian Tech-Forward Bank Index. The Certificate of Deposit Account Registry Service (CDARS) allows investors to access FDIC insurance on CDs beyond the 250,000 single-institution limit. Through its proprietary online banking platform, Axos gives customers access to a range of award-winning banking products built around competitive interest rates and no-to-low fees. *Maximum coverage of $150MM per IntraFi website as of Mathis amount is subject to change.īorn digital, Axos Bank empowers smarter money choices by offering a full suite of banking, investing and personal financial management tools in one convenient place. Interested parties should contact Axos Bank at 1-85 for a consumer deposit account and 1-83 for a commercial deposit account. Commercial and consumer clients avoid the inconvenience of opening multiple accounts to receive full FDIC insurance coverage and experience the convenience of one banking relationship.Īxos Bank offers a wide variety of award-winning products and services – including personal, small business, and commercial banking, investing, and commercial, personal, auto, and home loans – to provide an all-encompassing and convenient way to manage your financial needs. Consumers can open accounts digitally or through a relationship manager and access a best-in-class consumer online platform & mobile application. For example, if expenses paid on behalf of another company are recorded in the sweep account, but you have not received the reimbursement, then the balance should reflect the non-reimbursed items. Through IntraFi ® Network Deposits SM, the ICS program provides expanded protection of liquid deposits up to $150 million with FDIC insurance, backed by the full faith of the federal government.Īfter a streamlined account opening process through dedicated relationship managers, commercial clients receive access to a sophisticated treasury management platform capable of managing the needs of middle-market clients. Calculate what balance, if any, the sweep account should reflect. SAN DIEGO, March 13, 2023-( BUSINESS WIRE)- Axos Bank provides its Insured Cash Sweep (ICS) program, which offers multimillion-dollar FDIC insurance coverage – and peace of mind – to commercial, small business, and consumer banking clients. The Axos Bank Insured Cash Sweep offers secure and transparent protection for deposits above the $250,000 FDIC insurance limit for businesses and consumers
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