Axos First Checking
Visa·United States only.Verified July 2026
TeenFDIC insuredNo monthly fee
Illustration — not the actual card design.
Strengths
- The only option in the panel that reimburses out-of-network ATM fees (up to $12/mo), plus access to 95,000 ATMs.
- Absolute zero fees — no overdraft, no NSF: a teen's mistake never costs money.
- Early direct deposit, useful for working teens.
Weaknesses
- The most bare-bones option in the panel: no chores, no education, no customizable limits.
- The fixed $100/day cash cap frustrates older teens.
- Criticized customer support and no physical presence.
Monthly fees
$0/mo
$0 — no monthly, overdraft or NSF fees.
Parental controls
Joint account: full visibility, alerts, card lock. Fixed daily limits ($100 cash / $500 debit), not customizable — training wheels rather than controls. No chores or allowances.
Savings features
0.10% APY on checking with no conditions; companion First Savings account at 0.25%. Early direct deposit (up to 2 days).
Security
Card lock, alerts, biometric login, Visa zero liability.
FDIC coverage
Yes — direct: Axos Bank, Member FDIC (up to $250,000).
Investing
None for minors (Axos Invest is adults-only).
Financial education
Nearly none — no dedicated content in the app.
Customer support
Online-only bank, no branches. Online/phone support with mixed customer reviews (Trustpilot 1.8/5, responsiveness complaints).
Geographies
United States only.