11 Best Banks in Arizona for 2024

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It might be over 100 degrees Fahrenheit outside, but Arizona residents don’t have to sweat it when it comes to banking. Here’s our list of the best banks in Arizona.

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Did you know that over 240 active, FDIC-insured financial institutions operate in Arizona? These banks serve over 7 million residents in the Grand Canyon State. 

It can be overwhelming with so many options, accounts, interest rates, and perks to consider. That’s why we’ve whipped up a shortlist of the best banks in Arizona that help you manage your finances. 

The banks on the list below serve residents of the Copper State in several ways. They may offer checking and savings accounts, money market accounts, credit cards, loans, and wealth management. 

You’ll also find several welcome bonuses and special offers you can take advantage of. These regional banks also offer the convenience of banking within your hometown without worrying about ATM fees and other fees associated with most bank accounts. 

Are you ready to learn more about the best banks in Arizona? Let’s get started!

11 Best Banks in Arizona

Among the best banks in Arizona, you’ll find several that offer the best bank account bonuses and the best CD rates. Keep an eye out for several promotions scattered throughout the list as well. 

1. Chase Bank

Take a look at the following Chase Bank promotions and take advantage of them before time runs out: 

  • Chase Total Checking®: Earn $300 when you open a new account and set up direct deposit within 90 days.
  • Chase Secure Banking℠: Go online or into a local branch and open this account, to earn up to $100. Set up your direct deposit, and you can get paid up to two days early with no minimum deposit or overdraft fees. 
  • Chase Business Complete Checking®: Open an account, and you can earn up to $300. Earn $300 when you open a new Chase Business Complete Checking® account. For new Chase business checking customers with qualifying activities.
  • Chase Private Client Checking℠: Speak with a Private Client Banker or schedule a meeting over the phone to open this account. If you deposit $500,000 or more, you can earn up to $3,000 in welcome bonuses. 

Chase operates over 4,700 branches across 48 states. Over 200 branches in Arizona alone offer personal and business accounts and wealth management.

You can also find a wealth of credit cards with Chase. Many offer welcome bonuses and offers you can use to put more money into your account.  

Chase checking accounts do not accrue interest. Some may even incorporate monthly fees that can be hard to waive under normal circumstances. 

Earn $300 bonus
Earn $100 bonus
Earn $100 bonus
MMG Rating:
5.0
MMG Rating:
4.9
MMG Rating:
4.5
MMG Rating:
4.5
MMG Rating:
4.9

If you’re new to Chase and open a Chase Total Checking® account, you can earn up to a $300 welcome bonus. To complete the requirements for this consumer checking account, set up a direct deposit within 90 days. You’ll receive your bonus within 15 business days.

If it’s a business bank account you’re looking for, look no further than the Chase Business Complete Checking® account that allows you to earn up to a $300 bonus with qualifying activities.

A $100 bonus is yours if you open a Chase Secure Banking℠ account and complete 10 qualifying transactions within 60 days. Once you complete the requirements, you should receive your Chase Secure Banking bonus within 15 days.

Open a Chase College Checking℠ account to earn a $100 bonus. To qualify for this promotion, you’ll need to make at least 10 transactions within the first 60 days between debit card transactions. You’ll receive your bonus within 15 business days.

The Chase Private Client experience unlocks access to lower rates when financing a big purchase and connects you with a private banker and investment advisor whenever you like. Save time and money with better banking benefits and special services, plus a $3,000 welcome bonus.

Earn $300 bonus
MMG Rating:
5.0

If you’re new to Chase and open a Chase Total Checking® account, you can earn up to a $300 welcome bonus. To complete the requirements for this consumer checking account, set up a direct deposit within 90 days. You’ll receive your bonus within 15 business days.

Earn $300 bonus
MMG Rating:
4.9

If it’s a business bank account you’re looking for, look no further than the Chase Business Complete Checking® account that allows you to earn up to a $300 bonus with qualifying activities.

Earn $100 bonus
MMG Rating:
4.5

A $100 bonus is yours if you open a Chase Secure Banking℠ account and complete 10 qualifying transactions within 60 days. Once you complete the requirements, you should receive your Chase Secure Banking bonus within 15 days.

Earn $100 bonus
MMG Rating:
4.5

Open a Chase College Checking℠ account to earn a $100 bonus. To qualify for this promotion, you’ll need to make at least 10 transactions within the first 60 days between debit card transactions. You’ll receive your bonus within 15 business days.

Earn $3,000 bonus
MMG Rating:
4.9

The Chase Private Client experience unlocks access to lower rates when financing a big purchase and connects you with a private banker and investment advisor whenever you like. Save time and money with better banking benefits and special services, plus a $3,000 welcome bonus.

2. U.S. Bank 

Besides ranking among the best national banks, U.S. Bank offers over 100 branches to Arizona residents. This bank also has locations in 28 states nationwide in case you need to bank while traveling. 

There are many U.S. Bank promotions to take advantage of, including the Silver Business Checking Package. Open this account, and you could earn up to $800 when you:

  • Deposit $15,000 within 30 days
  • Maintain that balance for 60 days
  • Enroll in online or mobile banking 

U.S. Bank doesn’t offer competitive savings rates. However, you can use Special CDs to take advantage of higher interest rates. 

MMG Rating:
4.5

U.S. Bank has three business checking accounts, Gold and Platinum — including a free option with its Silver Business Checking. You can apply for an account online, over the phone or in person at a branch (U.S. Bank has branches in 26 states).

$800 Bonus
MMG Rating:
4.5

U.S. Bank has three business checking accounts, Gold and Platinum — including a free option with its Silver Business Checking. You can apply for an account online, over the phone or in person at a branch (U.S. Bank has branches in 26 states).

3. Alliance Bank of Arizona

Based out of Phoenix, Alliance Bank of Arizona offers some of the best checking accounts and is a member-FDIC. It is also a division of the Western Alliance Bancorporation. 

While Alliance Bank of Arizona offers several personal accounts, including checking and savings accounts, the main focus is commercial banking. You can also find business checking, money market, savings accounts, and CDs. 

Alliance Bank of Arizona is a full-service bank offering online and mobile banking. The mobile app struggles to rival national banks for a seamless experience, but it’s still a convenient way to bank in Arizona. 

4. First Citizens Bank 

First Citizens Bank acquired CIT Bank and remains a strong force in Arizona. You’ll find many physical branches in Arizona, which makes banking convenient, especially when you have an issue. 

You’ll find several accounts at First Citizens Bank, including checking and savings accounts, CDs, mortgages, loans, and credit cards. This community bank offers a free checking account as well. 

With this free checking account, you can avoid monthly fees if you enroll in paperless statements. There is no minimum balance required for this account. 

Free checking account
 

Experience hassle-free banking with a free checking account. No fees, no minimum balance requirement, and the convenience of 24/7 digital banking, bill pay, and mobile deposits. Enroll in paperless statements to avoid the monthly fee. Make your life easier with better banking.

Open a First Citizens online savings account for easy access and mobility. Enjoy convenience with no minimum balance requirement and no monthly service charges. Earn interest on your daily balance and receive monthly credits with competitive rates.

Free checking account

Experience hassle-free banking with a free checking account. No fees, no minimum balance requirement, and the convenience of 24/7 digital banking, bill pay, and mobile deposits. Enroll in paperless statements to avoid the monthly fee. Make your life easier with better banking.

Open a First Citizens online savings account for easy access and mobility. Enjoy convenience with no minimum balance requirement and no monthly service charges. Earn interest on your daily balance and receive monthly credits with competitive rates.

5. Ally Bank 

If you’re after superior savings accounts, Ally Bank offers up to 4% APY with no minimum deposit. Ally doesn’t charge monthly fees either. 

Unlike national banks, Ally Bank is an online-only financial institution. This classification allows it to offer customers higher APY rates without sacrificing quality. 

Ally Bank is known for its customer service and extensive ATM network. This bank will also reimburse you up to $10 per statement cycle for any out-of-network ATM fees you incur. 

In addition to the Online Savings account, the Interest Checking Account comes with a debit card and the chance to use Zelle to send and receive money. You can also earn 0.1% APY on balances under $15,000, but you’ll earn up to 0.25% APY if you have more than $15,000 in your account. 

6. Bank of America

Bank of America offers a wide variety of financial products, including checking and savings accounts, credit cards, loans, and investing services. Bank of America also offers bank accounts and loans to businesses.

If you open a basic Advantage SafeBalance checking account, you can easily waive the $4.95 monthly fee. You can also use Zelle to manage your money and invest in mutual funds through Merrill Edge. 

Bank of America requires a $100 deposit for its savings accounts, which earn you up to 0.01% APY. It’s not much compared to Ally Bank’s 4% APY, but Bank of America also offers many other banking services. 

Use several Bank of America promotions to put more money in your bank account.

7. BMO Harris Bank

Did you know that BMO Harris Bank is one of a handful of banks that let you overdraft? The list includes Chase, Bank of America, PNC Bank, and Wells Fargo.  

BMO Harris is based out of Chicago and resides in just eight states. However, it offers various accounts and services, from checking and savings to money market accounts, CDs, and more. 

The BMO Harris Bank mobile app incorporates several handy tools to manage your money. You can also view your accounts anytime, including any CDs you obtain, with interest rates as high as 4.75% APY. 

If you open a Smart Money account, you can waive the $5 monthly fee if you’re under 25. You can also get $300 when you deposit $4,000 or more within the first 90 days of account ownership. 

Many customers love BMO Harris Total Look. This interactive tool lets you view your banking accounts across institutions so you can keep everything in one place. 

BMO Harris offers personal, home, and auto loans and lines of credit. Most account fees are waived when you opt for eStatements, and you only need $25 to open a savings account. 

8. MidFirst Bank

Some of Arizona's best money market accounts can be found at MidFirst Bank. You can earn up to 0.6% APY with the MidFirst Bank Titanium Money Market Account. 

MidFirst Bank incorporates five checking accounts, three savings accounts, and various CDs and IRAs. You can open checking and savings accounts for kids and teens, often with no monthly fees or minimum deposits. 

This bank is privately owned but offers FDIC-insured accounts across 22 locations in Arizona.  In addition to free checking accounts, MidFirst Bank is known for its customer service. 

Open a MidFirst Bank eChecking account to earn up to 3% APY. This regional bank also offers loans, credit cards, and online resources you can use to increase your financial knowledge. 

9. National Bank of Arizona 

Zions Bancorporation owns the National Bank of Arizona, which is based in Phoenix. It’s also a member-FDIC with 55 physical branches within the state. 

You can open several checking, savings, and money market accounts with the National Bank of Arizona. Choose from eight checking accounts, two savings accounts, and two money market accounts. 

The National Bank of Arizona also offers credit cards, CDs, and mobile banking. You can also visit the National Bank of Arizona online to manage your finances. 

Most National Bank of Arizona accounts come with a monthly fee attached. However, you can waive them by meeting qualifying requirements, which are achievable. 

The National Bank of Arizona is a community bank that offers several banking services. Check out the National Bank of Arizona if you’re an Arizona resident to see how it can help your finances. 

10. PNC Bank

This bank is well-known for its Virtual Wallet accounts, which bundle a checking and savings account to make managing your money much easier. PNC Bank is also one of many banks that don’t require Social Security numbers when you sign up for an account. 

There are over 60 physical PNC Bank locations in Arizona. This bank offers numerous deposit accounts, credit cards, loans, and business services. 

You won't pay any monthly maintenance fees if you keep $300 in this account. 

To open a Standard Savings Account, you’ll need $25. However, you can waive that requirement if you open the account online. 

PNC Bank offers up to 4.5% APY on savings account balances. It also rewards members with $100 for referrals. 

11. Wells Fargo

Many people know Wells Fargo as one of the largest banks in the U.S., but it also offers Arizona residents 170 physical branches for local banking. This bank has also been recognized as a top small business lender by the Small Business Administration (SBA). 

Wells Fargo offers several accounts, from standard checking and savings to CDs, credit cards, home loans, and more. You can also open several business bank accounts, whether you’re just starting or already established. 

Wells Fargo offers customers across Arizona several convenient banking options.

FAQs

What is the most popular bank in Arizona?

Several banks vie for the title of the most popular bank in Arizona. These include Chase, Wells Fargo, PNC Bank, Arizona Bank & Trust, and U.S. Bank. 

Can you have more than one bank account? 

Yes, you can have more than one bank account. However, opening several banking accounts can quickly become tricky to keep track of them all. 

Which of the best banks in Arizona let you open a bank account online?

Most banks in Arizona will let you open a bank account online. However, some accounts may require you to visit a physical branch based on the nature of the account, even if that bank offers the option to open other account types online. 

What are some of the best credit unions in Arizona?

Arizona's best credit unions include Navy Federal Credit Union, OneAZ Credit Union, Tucson Federal Credit Union, and Deer Valley Credit Union. There are more than a handful of credit unions within Arizona’s state lines.  

Banking Right in the Heat of Arizona

Withstanding the harsh Arizonian climate can be challenging, but who says banking there has to follow suit? The best banks in Arizona offer residents an easy way to manage their money and keep their cool doing it. 

We hope this article helps you find the best Arizona banks you can work with to manage your finances. Whether through checking and savings accounts or CDs and money market accounts, keeping track of your funds is simple with the best banks in Arizona. 

Even better, you can often earn a welcome bonus for signing up for a new account. Check out these amazing banks if you live in Arizona and want to bank differently. 

Which of the best banks in Arizona will you bank with? 

Earn $300 bonus
Axos Bank® Rewards Checking
5.0

A free account with unlimited ATM fee reimbursements. You don't have to worry about keeping a minimum balance with Axos' Rewards Checking. As with the bank's other checking accounts, there are no monthly fees, and all fees charged by domestic ATM operators are reimbursed. Axos doesn't charge any ATM fees itself.

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About the author

Brian Meiggs
Hi, I'm Brian Meiggs! A personal finance expert, entrepreneur, and the founder of My Millennial Guide. My drive is to help others unlock the wealth of freedom and pave the path to financial success. With my bachelor's degree in finance, I help millennials follow the smart money in order to increase their earning potential and start building wealth for the future. I write regularly about side hustles, investing, and general personal finance topics aimed to help anyone earn more, pay off debt, and reach financial freedom. I have been quoted in major publications including Business Insider, Yahoo Finance, NASDAQ, Discover, GoDaddy, BiggerPockets, Fox News, Debt.com, Quick Sprout, Money Geek, MSN Money and many more!