This unique checking account is run through a dedicated app that you can download through Google Play and the iPhone App Store. There are no overdraft fees with the account. The app also has a budgeting tool called My $ Manager.
Itâ€™s technically a digital account since itâ€™s run through the AxiomGO app, although you canâ€™t log into Axiom Bankâ€™s online banking and use the bill pay features. You also canâ€™t write checks with this account, meaning that your only means of making transactions is with a debit card, by transferring money through the app or by telephone banking. If you opt to use telephone banking, your first four phone calls of the month are free, but itâ€™ll cost you $2.50 per phone call beyond that.
This account may also not be the best option if youâ€™re a frequent ATM user. Thatâ€™s because you can only use the Allpoint ATM network. This network has 55,000-plus ATMs in it, but thatâ€™s a bit less than the 60,000-plus ATMs that normally come with an Axiom Bank checking account.
To get this account, youâ€™ll need to download the AxiomGO app from your app store of choice. You can complete the application process through the app. You will need to provide a Social Security number, a driverâ€™s license or other ID and the account numbers from any of your current bank accounts to transfer an opening deposit.