Skip to main content
search glass

Personal

Features

  • Highly regulated federal bank
  • First class customer service
  • Will waive ALL fees
  • Guaranteed response to your calls
  • Guaranteed funding
  • Highly competitive bank pricing
  • Receive lump sum in cash
  • Work directly with a bank - no middleman

How it works

Talk to a friendly banker

 

Sign document package

 

Receive your money and enjoy it

 

Why choose Axos Bank TM

Great rates on our products

Peace of Mind

Enjoy the confidence that comes from working with a real bank. We are a federally chartered, publicly traded, FDIC-insured financial institution.

Tailored Transaction Options

Benefit from options that suit your needs. Sell all or part of your payments. Request an advance of funds. Discuss anti-assignment or loan options.

No Middleman

Get more money and get it faster. Working directly with us helps you avoid the hassle and expense of a third party broker.

Lump-Sum Cash Payment

Receive your generous cash payment directly from us – one that reflects the true value of your structured settlement or lottery winnings.


Frequently Asked Questions


Structured Settlements

What is a structured settlement?

A structured settlement is a financial package offered to a personal injury claimant that allows compensation to be paid in pre-determined installments rather than in one lump sum of cash. These installments may be paid over a fixed period or over the recipient's lifetime. One of the questions most commonly asked by recipients of structured settlements, once they discover that they cannot receive their money all at once, is "Can I sell my structured settlement?" The answer, fortunately, is yes, you can sell your structured settlement payments.

Do I have to sell my entire structured settlement?

No, you do not have to sell your entire structured settlement. Each of our customers is in a different financial situation. Most often individuals who sell structured settlement payments to Axos Bank choose to sell only a portion of their structured settlement payments. The Axos Bank structured settlement experts will help you design a transaction that will best suit your needs.

Do I have to pay tax on the lump sum  of cash I receive from selling my settlement?

No. Pursuant to Internal Revenue Code Section 104(a)(2), court-ordered structured settlement assignments are tax free. Therefore, you will not have to pay tax on the lump sum of cash you receive for your structured settlement.

Can I use my structured settlement to get a loan through Axos Bank?

Yes. In addition to buying structured settlement payments, Axos Bank is also able to offer loans. Call Axos Bank today at 855-Axos-4U (1-855-263-3348) to speak to an Axos Bank representative and find out which option is best suited for you.

What if my structured settlement agreement or annuity policy contains anti-sale or anti-assignment language?

Even if your structured settlement or annuity policy contains anti-assignment language, Axos Bank will be able to help. Call 855-Axos-4U (1-855-263-3348) to speak to an Axos Bank representative who will be able to help you understand your options for getting a lump sum of cash for your future structured settlement payments.

What if I have previously sold some of my structured settlement payments to another company?

Axos Bank has extensive experience in dealing with individuals who have completed prior structured settlement transactions. Call us today at 855-Axos-4U (1-855-263-3348) to speak to an Axos Bank representative who can help you get the most out of your next structured settlement transaction.
 

Lottery and Prize Winners

Do I have to sell my entire lottery prize?

No. Axos Bank can purchase all or a portion of your lottery prize depending on your financial needs. Axos Bank custom tailors every transaction to meet each individual client’s specific needs. Call 855-882-6333 (1-855-882-6333) today to speak to an Axos Bank representative who can help you understand how to sell your future lottery payments and find the solution that is best suited to your unique circumstances.

Do I have to pay tax on the lump sum of cash I receive from selling my lottery prize to Axos Bank?

Selling your lottery prize payment for a lump sum of cash is generally a taxable event, but the amount of the taxes that you will actually be required to pay depends on your individual tax situation. In all cases, however, you will no longer have a tax obligation on the portion of lottery payments you have assigned. Axos Bank also offers a unique loan product exclusively for lottery winners. Taking a loan is not a taxable event. We will be happy to discuss these options with you and your tax professional. Please note that nothing in this website is intended to constitute tax advice. Neither Axos Bank nor BofI Federal Bank provides tax advice of any sort. Axos Bank encourages you to consult a qualified tax professional before making any financial decision.

What if I have previously sold some of my future lottery payments to another company? Can I sell more of my lottery payments to Axos Bank now?

Absolutely. Many of our customers sell some or all of their remaining lottery payments to Axos Bank for a lump sum of cash after having done business with other companies.

Do you charge any closing fees or other costs?

Absolutely not. Unlike other companies that claim to offer the best price but then tack on hidden fees, Axos Bank never charges hidden fees. We simply make generous cash offers for future lottery payments, without the need for a third-party broker.

How much is my lottery prize worth?

The value of your future lottery payments depends on several factors, including the state in which you won the prize, the size of each lottery payment, and the time frame in which the lottery payments are scheduled to be received. For example, a $50,000 payment that would be due tomorrow is going to be worth more than a $50,000 payment due in five years. Call Axos Bank today at 855-882-6333(1-855-882-6333) and one of our representatives will be happy to calculate the worth of your remaining lottery payments. You can also email us at [email protected] Of course, there is no cost or obligation for this service.

How long will it take to convert my lottery prize into a lump sum?

Because a court has to approve the sale of your lottery payments, the amount of time it takes to convert a lottery prize into a lump sum cash payment depends on the court and state in which your payments are being assigned. At Annuitants Federal Bank, we understand that sometimes people need cash right away, so we are often able to advance a portion of the funds within a few days after a customer signs a contract with us. If your need for cash is immediate, call an Axos Bank representative today at 855-882-6333 (1-855-882-6333) and ask about getting an advance on your lottery payment transaction.

Can I use my lottery prize as collateral for a loan?

Yes. In addition to purchasing lottery prize payments, Axos Bank offers a unique loan designed exclusively for lottery prize winners. Call 855-882-6333 (1-855-882-6333) today to speak to one of our representatives and find out which option is better for you.

What about those sites that offer quotes from multiple companies?

Websites that offer multiple quotes from competing companies basically represent brokers for brokers. The goal of Axos Bank is to cut out the middle man, not add an extra one. When you work with Axos Bank, you have the advantage of dealing directly with the financial institution that will purchase your lottery payments.

Do I need to have good credit or a job to sell my lottery prize payments?

No. We work with lottery winners in all financial situations. If your credit score is not what you would like it to be, we can work with you to improve it if you wish. As a division of BofI Federal Bank, a federally chartered bank, Axos Bank considers your financial wellness our foremost concern.
Great rates on our products

Request a Callback

What our customers are saying

"This transaction helped me put my life back on track financially...."

Thank you to everyone who helped in the process of cashing in my structured settlement!!! This transaction has helped to put my life back on track financially by owning my own house. Special thanks to Adrianna McCambridge for sharing in the joys of this huge milestone in my life. I couldn't be happier with her service. She is AWESOME! Thank you!

Kadie McMahon-San Diego, CA

March 7th, 2016

Ready to get started?

Cut out the middleman and contact us today!

 Get a Callback

Articles & Tools

View All

Article

Financial Advisors: Build Your Client List, Without Cold Calling

As the financial advisor industry becomes more crowded, financial advisors will need new skills to generate more prospects.

Article

Form ADV: Your Critical Step in Choosing the Right Financial

The Form ADV allows you to perform a background check on any registered advisor. Learn how to read this commonly overlooked document.

Article

Bringing the Mom and Pop Shop into the Digital Age

How can small businesses compete against larger behemoths? Easy – by evolving alongside their customers and embracing marketing in the digital age.