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UFB Direct review 2024: Accounts, rates, fees, and more

UFB Direct is an online bank that offers competitive interest rates for checking and savings accounts with minimal fees.

Yahoo Personal Finance· Getty Images
Ivana Pino
·Senior Writer
3 min read

Headquartered in San Diego, UFB Direct is an online division of Axos Bank. It offers checking, savings, and money market accounts, as well as home loans. UFB does not have any physical branches.

Here’s a look at the products offered by UFB Direct:

  • Freedom Checking Account: UFB Direct’s Freedom Checking account has no monthly maintenance fees or minimum deposit requirements. It also offers 5.25% APY. Customers can boost their earnings by bundling this account with the UFB Secure Savings account, allowing them to earn a combined APY of up to 5.45%. The Freedom Checking account also comes with a complimentary debit card and access to over 90,000 ATMs.

  • Secure Savings: The UFB Secure Savings account is a high-yield savings account that offers up to 5.25% APY on all balances. There are no maintenance or service fees and no minimum balance required. This account ranks among our list of the 10 best high-yield savings accounts available today.

  • Secure Money Market Account: This account offers up to 5.25% APY with no monthly maintenance fees for balances of $5,000 or more. If your balance falls below this threshold, you’ll be charged a $10 monthly maintenance fee.

  • Mortgages: UFB Direct offers home loans through Axos Bank, which will waive its full lender fee for loan amounts of $250,000 and above, or reduce its lender fee by $200 for loan amounts of less than $250,000 when certain conditions are met.

Here’s a closer look at the fees you may be responsible for as a UFB Direct customer:

Here are some of the major pros and cons to consider before becoming a UFB Direct customer:

  • Pros:

    • Competitive rates on checking and savings accounts: UFB offers well above 5% APY for its checking and savings accounts.

    • 24/7 customer service: Customers can get assistance 24/7 via telephone and secure messaging.

  • Cons:

    • Monthly maintenance fee for money market account: For account holders with a balance of less than $5,000, a $10 monthly fee applies.

    • No physical branches: UFB is an online-only bank, meaning that customers don’t have the added convenience of having a physical branch location to visit.

The UFB Direct mobile app allows customers to bank from their mobile devices, with the ability to deposit checks, review account balance and history, transfer money between accounts, pay bills, contact a customer service representative, and more. The app is available for download on both the App Store and Google Play and has an average rating of 4.8 on both storefronts.

UFB Direct customer service representatives are available 24/7 via telephone and secure message.

Yes. UFB Direct is a part of Axos Bank, an FDIC-insured financial institution.

UFB Direct’s routing number is 122287251.

Yes. UFB Direct is an online division of Axos Bank.