Axos Bank consolidates all deposit accounts from its various brands – BofI Advisor, Bank X, NetBank, Apartment Bank, Rentiers Federal Bank, Virtus Bank and UFB Direct – so if you have different accounts within Axos, each will not be provided separately by the FDIC, which covers $250,000 per account, per depositor. This means that if you have $300,000 combined in different accounts, only $250,000 is covered by FDIC protection.