Banking
This is Axos’s main banking business. It takes deposits, makes consumer and business loans, offers mortgages, auto loans, commercial real estate loans, and provides cash management and banking services through its online...
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Axos Financial is a digital bank and financial services company. Through its banking unit, Axos Bank, it takes customer deposits, makes loans, and offers checking, savings, mortgage, commercial, and specialty lending products. It also serves some businesses with treasury and cash-management services, plus other banking tools that let customers handle most of their finances online without a branch network.
Its main customers are consumers, small businesses, professionals, and commercial borrowers, along with certain specialized client groups such as auto dealers and real estate investors. Axos makes money in the same basic way as a bank: it pays interest on deposits, earns interest on loans, and collects fees for account services, loan origination, servicing, and other banking activities.
What makes Axos different is its digital-first model. By relying less on physical branches, it can reach customers across the country through technology and keep its service focused on online account opening, lending, and deposit gathering. That makes it more of a nationwide online bank than a traditional local branch bank.
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