Press Release

Axos Offers Customers Earlier Access to Paychecks

Company Release - 9/25/2019 8:00 AM ET

With Direct Deposit Express, many Axos checking-account customers can access their paychecks up to two days early

SAN DIEGO--(BUSINESS WIRE)-- Axos Bank (“Axos” or the “Bank”), the banking subsidiary of Axos Financial, Inc. (NYSE: AX), today announced a new account feature that allows customers to access their paychecks up to two days early free of charge.

Direct Deposit Express is an early direct deposit feature for Axos customers with Essential Checking accounts, and will be rolled out next month to customers with Nationwide Premier Checking, Nationwide Direct Checking, and Nationwide Interest Checking accounts. Customers with those accounts who set up direct deposit can receive their funds up to two days early, depending on the payer’s support of the feature and timing of the payer’s funding. There is no cost to customers for using Direct Deposit Express, which launched earlier this month.

“Direct Deposit Express is just another example of our commitment to liberating our customers from the constraints of traditional banking,” said Axos President and CEO Greg Garrabrants. “By giving customers earlier access to their hard-earned paychecks, we’re able to deliver on our promise of Banking Evolved.”

Axos Bank’s Essential Checking account offers unlimited domestic ATM fee reimbursements, no overdraft or insufficient-fund fees, no monthly maintenance fees, and no monthly balance requirements. To learn more visit https://www.axosbank.com/Personal/Checking/Essential-Checking.

About Axos Financial, Inc. and Axos Bank

Axos Financial, Inc. is the holding company for Axos Bank, a nationwide bank that provides consumer and business banking products through its low-cost distribution channels and affinity partners. With over $11.2 billion in assets, Axos Bank provides financing for single and multifamily residential properties, small-to-medium size businesses in target sectors, and selected specialty finance receivables. Its wholly-owned non-bank subsidiaries, Axos Clearing LLC and Axos Invest, Inc. (formerly WiseBanyan, Inc.), provide comprehensive securities clearing services to introducing broker-dealers and registered investment advisor correspondents and digital investment advisory services to retail investors, respectively. Axos Financial, Inc.’s common stock is listed on the NYSE under the symbol “AX” and is a component of the Russell 2000® Index and the S&P SmallCap 600® Index. For more information about Axos Bank, please visit axosbank.com.

Greg Frost
SVP, Corporate Communications
Axos Bank
Phone: 1-858-376-6370
Email: gfrost@axosbank.com

Johnny Lai, CFA
VP, Corporate Development and Investor Relations
Axos Financial, Inc.
Phone: 1-858-649-2218
Email: jlai@axosfinancial.com

Source: Axos Financial, Inc.