Holdings vs Axos Bank
If you need a high-yield business savings account (3.
Feature comparison
See how Holdings stacks up against Axos
| Feature | Holdings | Axos |
|---|---|---|
| Monthly Fee | $0 | $0 |
| Min. Balance | $0 | $0 |
| APY (Checking) | 1.75% | 0% (Basic); 0.20% (Interest Checking) |
| APY (Savings) | 1.75% | 3.60% (Business Premium Savings) |
| FDIC Insurance | Up to $3M | $250K standard; up to $200M+ via ICS |
| Free Transactions | Unlimited | Unlimited |
| Sub-Accounts | Unlimited, free | Limited |
| Built-in Accounting | Yes, free | No |
| Auto-Categorization | Yes | No |
| Nonprofit Features | Yes | No |
| Physical Debit Cards | Free | Free |
| Virtual Cards | Free | Not standard |
| Domestic ACH | Free | Free |
| Domestic Wire | Free | $15 outgoing; $0 incoming |
Why choose Holdings over Axos
1.75% APY on checking vs. 0%
Axos Basic Business Checking earns no interest. Their Interest Checking earns 0.20% — still far below Holdings' 1.75%. You'd need to move money to Axos savings to earn meaningful yield.
Built-in accounting software
Axos has no accounting tools and notably no third-party app integrations. You can't even sync with QuickBooks. Holdings includes full accounting software.
Better mobile experience
Axos user reviews consistently cite a subpar mobile app. Holdings prioritizes a clean mobile experience.
Free domestic wires
Axos charges $15 for outgoing domestic wires and $50 for international. Holdings includes free domestic wires.
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When Axos might be the better choice
Axos may be a better fit if you need 3.60% APY on savings, Unlimited ATM fee refunds, or Free cash deposits at ATMs.
Frequently asked questions
Is Holdings or Axos better for nonprofits?
Holdings. Axos doesn't offer nonprofit-specific features, has no accounting integrations, and pays 0% on checking. Holdings is purpose-built for nonprofits.
Can I switch from Axos to Holdings?
Yes. Open a Holdings account and transfer via ACH. Note that Axos savings withdrawals are limited to 20/month.
Does Axos have nonprofit banking features?
No. Axos is a general online business bank without nonprofit-specific tools.
Which has higher interest — Holdings or Axos?
Depends on the account. Axos Premium Savings (3.60%) beats Holdings' 1.75%. But Axos checking earns 0%, while Holdings checking earns 1.75%. Total value depends on how you split your funds.
Does Axos work with QuickBooks?
No. Axos notably lacks third-party app integrations. You cannot sync Axos with QuickBooks, Xero, or other accounting software.
Ready to switch?
Open your Holdings account in minutes. Keep your current bank during the transition — move at your own pace.
1.75% APY† • Zero fees^ • FDIC insured to $3M*