Axos Bank has FDIC insurance on deposit accounts up to the standard limit of $250,000 per depositor, per account category, at each FDIC-insured bank

Axos Bank is an FDIC-insured institution. This means your money in checking accounts, savings accounts, money market accounts, and certificates of deposit (CDs) at Axos is covered by FDIC insurance up to $250,000 per account category. The FDIC (Federal Deposit Insurance Corporation) is a federal agency that protects deposits if a bank fails.

Axos Bank's FDIC insurance certificate number is 35156. You can verify this yourself by searching the FDIC's Bank Find tool at banks.fdic.gov — enter "Axos Bank" and your state to see the current insurance status and coverage details.

The $250,000 limit applies per depositor per account category. This means if you have $200,000 in a savings account and $100,000 in a checking account at Axos, both are fully covered because they are different account categories. If you have two savings accounts at Axos with $150,000 in each, only $250,000 total is covered across both savings accounts, because they fall under the same category.

Key Takeaways

  • Axos Bank is FDIC-insured, and deposits are covered up to $250,000 per account category per depositor.
  • The $250,000 limit resets for each account type — savings, checking, money market, and CDs are counted separately.
  • Joint accounts have their own $250,000 limit, separate from individual accounts held at the same bank.
  • You can verify Axos Bank's FDIC status anytime using the FDIC's Bank Find tool at banks.fdic.gov.

How the $250,000 limit works across different account types

FDIC insurance groups accounts into categories, and each category has its own $250,000 protection. At Axos Bank, the main categories are:

  • Single accounts (in your name alone): $250,000 covered
  • Joint accounts (shared with another person): $250,000 covered per joint account owner, so a joint account with two owners has $500,000 total coverage
  • Retirement accounts (IRAs, SEP-IRAs, self-directed IRAs): $250,000 covered per account
  • Payable-on-death accounts (POD, where you name a beneficiary): $250,000 per beneficiary
  • Trust accounts: $250,000 per beneficiary, up to five beneficiaries

If you have a single savings account with $180,000 and a single checking account with $100,000 at Axos, both are fully covered because they are separate categories. If you add a second savings account with $150,000, only $250,000 total across all your single savings accounts is covered — the extra $30,000 is not protected.

Certificates of deposit (CDs) at Axos are also FDIC-insured under the same $250,000 limit per category. If you hold multiple CDs at Axos, their balances combine toward your $250,000 CD coverage limit.

Joint accounts and retirement accounts have separate coverage

A joint account at Axos Bank receives its own $250,000 coverage limit, separate from any individual accounts you hold there. If you and your spouse have a joint savings account with $200,000 and you also have an individual savings account with $100,000, the joint account is fully covered and your individual account is fully covered — they do not combine.

Retirement accounts (traditional IRAs, Roth IRAs, SEP-IRAs) at Axos are also covered separately. You can hold up to $250,000 in an IRA at Axos and be fully protected, even if you also have $250,000 in a regular savings account at the same bank.

Payable-on-death (POD) accounts work differently. If you name one beneficiary on a POD savings account at Axos with $300,000, only $250,000 is covered. If you name two beneficiaries and split the account equally ($150,000 each), both beneficiaries' shares are covered because the limit is $250,000 per beneficiary.

What FDIC insurance does and does not cover

FDIC insurance protects your deposits if Axos Bank fails and cannot return your money. It covers the balance in your account on the day the bank closes, up to the limit for your account category. The FDIC will transfer your covered deposits to another FDIC-insured bank or send you a check, usually within a few business days.

FDIC insurance does not cover losses from fraud, theft, or unauthorized transactions on your account. If someone steals your debit card and drains your account, that is a separate matter handled by Axos's fraud department and your account agreement, not by FDIC insurance. FDIC insurance also does not cover investment products like stocks, bonds, or mutual funds, even if you buy them through Axos.

Money market accounts at Axos are covered by FDIC insurance because they are deposit accounts. However, if Axos offers a money market mutual fund (a different product), that fund is not FDIC-insured — it would be protected by SIPC (Securities Investor Protection Corporation) instead, which is a different insurance system.

Checking your coverage with the FDIC's Bank Find tool

You can verify your coverage at Axos Bank using the FDIC's free Bank Find tool. Go to banks.fdic.gov, search for "Axos Bank," and select your state. The tool will show Axos's FDIC certificate number (35156), the date it was insured, and a link to detailed coverage information.

The Bank Find tool also lets you use the FDIC's Coverage Calculator, a separate tool that walks you through your specific account setup at Axos and tells you exactly how much is covered. You enter the account types you hold, whether accounts are joint or individual, and any beneficiary designations, and the calculator shows your coverage amount.

If you hold accounts at multiple banks, the FDIC's Coverage Calculator is especially useful because it helps you track your total protected deposits across all institutions. Remember that FDIC insurance is per bank, not per person — if you have $200,000 at Axos and $200,000 at another FDIC-insured bank, both amounts are fully covered because they are at different banks.

What happens if Axos Bank fails

If Axos Bank were to fail, the FDIC would step in to protect your covered deposits. The FDIC does not require you to do anything — you do not need to file a claim or contact the FDIC directly. The FDIC will either transfer your account to another FDIC-insured bank (usually within one to three business days) or send you a check for your covered balance.

In practice, bank failures are rare, and the FDIC has a strong track record of protecting depositors. Since 2008, the FDIC has handled the failure of fewer than 100 banks, and in nearly all cases, depositors with balances under $250,000 received their full balance without delay.

If your balance exceeds the $250,000 limit in a single account category at Axos, the amount over the limit is not protected by FDIC insurance. That uninsured portion would be treated as a general claim against the bank's assets in a failure scenario, meaning you might recover some or all of it depending on the bank's financial situation, but there is no may provide.

Keeping your deposits fully protected at Axos

If you have more than $250,000 to deposit, you have several options to keep all your money FDIC-insured. The simplest is to open accounts in different categories — for example, a single savings account, a joint savings account with your spouse, and an IRA. Each category has its own $250,000 limit.

Another option is to spread deposits across multiple FDIC-insured banks. You could keep $250,000 at Axos and $250,000 at another bank, and both amounts would be fully covered. This approach also reduces your risk if one bank fails, though the FDIC's protection makes this less critical.

If you use Axos's sweep or linked account features, make sure you understand how the FDIC counts those balances. Some banks offer sweep accounts that automatically move money between linked accounts to stay within insurance limits, but you should confirm with Axos how this works for your specific setup.

Frequently Asked Questions

Does Axos Bank FDIC insurance cover my debit card if it gets stolen?

No. FDIC insurance protects your deposits if the bank fails, not if your card is stolen or your account is hacked. If your debit card is used fraudulently, contact Axos's fraud department immediately. Your liability is usually limited by your account agreement and federal law, but this is handled separately from FDIC insurance.

If I have $300,000 in a single savings account at Axos, how much is covered?

Only $250,000 is covered by FDIC insurance. The remaining $50,000 is uninsured. To protect the full $300,000, you could open a joint savings account with a spouse or family member (which has its own $250,000 limit) or move $50,000 to another FDIC-insured bank.

Are money market accounts at Axos FDIC-insured?

Yes, if the money market account is a deposit account (not a mutual fund). Axos's money market deposit accounts are FDIC-insured up to $250,000. However, if Axos offers a money market mutual fund, that product is not FDIC-insured — confirm with Axos which type you hold.

Can I have multiple accounts at Axos and have each one covered up to $250,000?

Only if they are in different categories. Two savings accounts at Axos combine toward a single $250,000 limit. But a savings account and a checking account are separate categories, so each can be covered up to $250,000. A joint account is also a separate category from your individual accounts.

How do I know if my specific account setup at Axos is fully covered?

Use the FDIC's Coverage Calculator at banks.fdic.gov. Enter your account types, whether they are joint or individual, and any beneficiary names, and the calculator will show your exact coverage amount. You can also call Axos directly and ask them to review your account structure.