Axos Financial, Inc.

US digital bank offering banking, lending, and securities clearing services

What Axos Financial does

Axos Financial runs a US bank that operates mostly online and through mobile apps, with no reliance on a traditional branch network. It takes deposits from consumers and businesses and makes a wide range of loans, from home mortgages to commercial real estate and business credit. It also provides brokerage clearing, custody, and self-directed investing services.

How Axos Financial makes money

It earns most of its money from the interest spread between what it charges on mortgages, commercial and consumer loans and what it pays on deposits. It also collects fees from securities clearing, custody, margin lending and wealth management services.

Products & services

• Consumer and business checking, savings and money market accounts
• Residential single family and multifamily mortgage loans
• Commercial real estate and lender finance loans
• Asset-based loans, capital call facilities and equipment leasing
• Securities clearing, custody and margin lending
• Retail self-directed trading and digital advice