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!
Best Banks in Arizona
Free checking that actually pays you. No monthly fees. No minimum balance. Earn $75 bonus. Get paid up to 2 days early with direct deposit. FDIC insured.
- Earn $75 bonus
- No monthly fees ever
- Get paid 2 days early with direct deposit
America's largest bank with thousands of branches. Best if you want a physical location nearby and a $400 cash bonus just for switching your direct deposit.
- Thousands of branches and ATMs nationwide
- $400 bonus with direct deposit
- No monthly fees with $500+ deposits
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. Current
Arizona summers are brutal on a budget. Phoenix electric bills hit $400+ from June through September just to keep the AC running. Tucson and Mesa workers in hospitality and construction don't always get a paycheck on the same day. One blown compressor or transmission failure on the 101 and you're underwater for a week. If you're paycheck-to-paycheck like most working Arizonans, that gap between deposits is exactly when the costly stuff happens.
Current closes that gap. Set up your direct deposit ($200 or more) using code PAYROLL75 and you get $75 in free cash just for doing what you were going to do anyway. After that, you can pull up to $750 of your next paycheck early, with no interest, no credit check, and no application. The money's already there in the app whenever you need it. For a renter in downtown Phoenix, a server in Old Scottsdale, or anyone keeping a Tucson house cool through 110° summers, that's the difference between paying rent on time and eating a $50 late fee.
No monthly fees. No minimum balance. No overdraft charges. Get paid up to two days early. The account opens in two minutes from your phone, no branch visit. Current is FDIC insured, BBB A-rated, and trusted by 4M+ Americans.
And if it's not for you, close it in 60 seconds. No fees, no calls, no penalty. Switch your paycheck and claim your $75 here.
- Get instant access to up to $750 with no credit check and no interest
- $75 bonus with code PAYROLL75 and setting up $200 direct deposit
- No monthly fees, no overdrafts, and no hidden charges
2. Chase Total Checking®
$400 is two weeks of groceries for most Arizona families. That's exactly what you leave on the table by sticking with the same checking account you opened years ago. Chase pays new customers $400 just to open a Total Checking® account and set up direct deposit. The bonus hits within 90 days. Most working Arizonans qualify on the first try.
The requirement is straightforward: open a new Total Checking® account and have $1,000+ in qualifying direct deposits within 90 days of enrollment. The $15 monthly fee waives itself automatically once your paycheck starts rolling in, so the account is effectively free. Offer expires soon, so if you've been thinking about switching, this is the window.
Beyond the bonus, Chase has a major footprint across Arizona. Branches across Phoenix, Tucson, Mesa, Scottsdale, Tempe, Chandler, and Flagstaff, plus thousands of free Chase ATMs. Plus 16,000+ free ATMs and 5,000+ branches nationwide for whenever you cross into California, Nevada, New Mexico, or Utah. Zelle is built in. The mobile app is top-rated. And you can link a Chase savings account or credit card later, all under one login.
If you want the biggest checking bonus on the market and a national bank with real Arizona presence, claim your $400 with Chase here.
- Access 15,000+ fee-free ATMs and 4,700 branches
- Earn a $400 bonus with qualifying direct deposits
- Free debit card with contactless payments
- Get paid up to 2 days early with direct deposit
3. Your Money Deserves More Than a Checking Account
Current and Chase handle your checking. Done. But Arizona's soaring cost of living, summer electric bills, and real estate market mean most residents are juggling bigger money problems: climbing credit card debt, stretched thin on savings, and wondering if they'll ever get ahead.
If those sound familiar, here are six financial tools Arizona residents are actually using to break the cycle:
National Debt Relief – Credit card debt piling up faster than paychecks can cover? National Debt Relief negotiates with creditors to reduce what you owe. Arizona clients typically save 24-48% of enrolled debt. Real relief. Not a loan. Not a Band-Aid.
Upstart – Need to consolidate high-interest debt but banks keep rejecting you? Upstart uses AI to approve people traditional lenders turn down. Lower rates than credit cards. Funds fast. No prepayment penalties.
Monarch Money – Stop losing track of money spread across multiple accounts and apps. Monarch brings everything into one dashboard. See your real net worth. Create an actual budget. Stop guessing about where your money goes. 7-day free trial, 50% off first year with code MONARCHVIP.
EarnIn – Summer AC bill hits early. Car breaks down before payday. EarnIn lets you access up to $1,000 of wages you've already earned, zero interest, zero fees. You decide what's fair. Saves Arizona workers from predatory payday loans.
Arrived – Want real estate income without becoming a landlord managing Arizona rental properties? Arrived owns rental properties nationwide and you own fractional shares. Earn passive income from rent and property appreciation. Real diversification.
Robinhood – Never invested because it seemed complicated and expensive? Robinhood strips away the complexity and commissions. Buy stocks and ETFs with zero fees. No minimums. Get a free stock worth up to $200 just for signing up.
Want more Arizona banking options? Keep reading for 8 additional banks below.
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.
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. 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.
FAQs
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.
Yes, you can have more than one bank account. However, opening several banking accounts can quickly become tricky to keep track of them all.
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.
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.
Which Bank Is Right for You?
Free checking that actually pays you. No monthly fees. No minimum balance. Earn $75 bonus. Get paid up to 2 days early with direct deposit. FDIC insured.
America's largest bank with branches and ATMs in every major city. Earn $400 cash just for setting up direct deposit. Best if you want in-person banking or need a teller for business deposits, wire transfers, or safe deposit boxes.
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?
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