Best Banks in Arizona
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Looking for a new bank in Arizona? This helpful guide to the best banks in Arizona will make choosing easy.
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U.S. Bank Smartly® Checking and Standard Savings - Up to $700 Bonus
Earn up to $500 with a new Bank Smartly Checking account. Complete the following within 90 days of account opening:
- Enroll in online banking or the U.S. Bank Mobile App
- Make two or more direct deposit(s) totaling $3,000 to $4,999.99 to earn $100, $5,000 to $9,999.99 to earn $300 or $10,000 or more to earn $500
Earn up to $200 with a new Standard Savings account.
- Make new money deposit(s) totaling $15,000 or more by July 17, 2024
- Maintain that balance until October 31, 2024
Offer may not be available if you live outside of the U.S. Bank footprint or are not an existing client of U.S. Bank or State Farm.
BMO Smart Advantage Checking - $250 Cash Bonus
Open a new BMO Smart Advantage Checking account and get a $250 cash bonus when you have a cumulative total of $4,000 in qualifying direct deposits within 90 days of account opening. Offer is limited to one per customer and is not available for existing BMO personal checking customers (including signers on joint accounts) or those who have closed a BMO personal checking account within the past 12 months. Conditions apply.
Bank of America Advantage Banking - $200 Bonus Offer
- The $200 bonus offer is an online only offer and must be opened through the Bank of America promotional page.
- The offer is for new checking customers only.
- Offer expires 5/31/2024.
- To qualify, open a Bank of America Advantage Banking account through the promotional page and set up and receive qualifying direct deposits totaling $2,000 or more into that new account within 90 days of opening.
- Bank of America will attempt to pay bonus within 60 days.
- Additional terms and conditions apply. See offer page for more details.
- Bank of America, N.A. Member FDIC.
Chase Total Checking® - $300 Bonus
- New Chase checking customers enjoy a $300 bonus when you open a Chase Total Checking® account with qualifying activities
- Access to more than 15,000 Chase ATMs and more than 4,700 branches
- Chase Mobile® app - Manage your accounts, deposit checks, transfer money and more -- all from your device.
- JPMorgan Chase Bank, N.A. Member FDIC
- Open your account online now
- Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com.
- Chase Overdraft Assist℠ - no overdraft fees if you're overdrawn by $50 or less at the end of the business day or if you're overdrawn by more than $50 and bring your account balance to overdrawn by $50 or less at the end of the next business day*
Choosing the right bank doesn't have to be hard. But it is a decision that you shouldn't take too lightly.
After all, your bank will be a part of your financial future as well as your everyday life. And your ideal bank will ultimately depend on your own individual needs.
In this guide, you'll find the best banks in Arizona, for checking, savings, and even budget-friendly bankers.
Best Banks in Arizona
We looked at a range of features to ensure you could identify the best bank to suit your needs. Convenience, priorities, and services are all major factors.
Now let's dive in and look at the top banks in the state.
BMO Smart Money Checking - $250 Cash Bonus
Open a new BMO Smart Money Checking account and get a $250 cash bonus when you have a cumulative total of $4,000 in qualifying direct deposits within 90 days of account opening. Offer is limited to one per customer and is not available for existing BMO personal checking customers (including signers on joint accounts) or those who have closed a BMO personal checking account within the past 12 months. Conditions apply.
Chase Secure Banking℠ - $100 Bonus
- New Chase checking customers enjoy a $100 checking account bonus when you open a Chase Secure Banking℠ account with qualifying transactions. Open online or at any Chase branch.
- Set up direct deposit and you may get your money up to two business days early-exclusively for Chase Secure Banking℠ customers.
- No minimum deposit to open an account and get started plus no overdraft fees with a Chase debit card that helps you stay within your balance.
- No need to worry about overdraft fees - Chase Secure Banking℠ allows you to spend only the money you have available.
- Chase Secure Banking℠ customers told us they save an average of more than $40 per month on fees after opening their account.
- Track your credit score, get a personalized action plan provided by Experian™ to help improve your score and receive identity monitoring for free through Chase Credit Journey®.
- Pay bills, cash checks and send or receive money with Zelle® with a Chase Secure Banking℠ account.
- Bank from anywhere with access to more than 15,000 Chase ATMs, more than 4,700 Chase branches, the Chase Mobile® app and Chase.com.
- JPMorgan Chase Bank, N.A. Member FDIC.
Bank of America Business Advantage Checking Account - $200 Bonus Offer
- Open a new eligible business checking account by June 30, 2024
- Make Qualifying Deposits* of $5,000 or more in new money within 30 days of opening the new eligible business checking account
- Maintain an average balance of $5,000 for the next 60 days (day 31-90) during the maintenance period**
**The maintenance period begins thirty-one (31) days after account opening and ends ninety (90) calendar days after account opening.
Member FDIC
Silver Business Checking Package - Up to $800 Bonus
Earn up to an $800 bonus when you open a new, eligible U.S. Bank business checking account online with promo code Q1AFL24 and complete qualifying activities, subject to certain terms and limitations. Offer valid through April 23, 2024. Member FDIC. Complete these steps to earn the offer:
Earn your $350.
- Complete $5,000 in new money deposits within 30 days of account opening and maintain for 60 days after account opening.
Earn your $800.
- Complete $25,000 in new money deposits within 30 days of account opening and maintain for 60 days after account opening.
Bank of America: Best Overall
For Arizona residents who want the option to visit a physical branch and get in-person support, consider Bank of America, one of the largest banks in the U.S. serving retail customers.
One of the biggest perks to working with a national bank is convenience. Bank of America has more than 100 branches across Arizona, which means it's easy to find an ATM when you need one.
And since they're a big bank, they offer an extensive range of financial products as well. They have a range of checking and savings options for customers of all types.
Bank of America Advantage SafeBalance Banking® is a great start for students and young adults, and the fee is waived for those under 25 years old, or if you maintain a minimum daily balance of $500 or more in your account. There are no overdraft fees either.
Bank of America Advantage Plus Banking® offers overdraft protection and will waive the $12 monthly fee for a few easy requirements.
Bank of America Advantage Relationship Banking® account will accrue interest, monthly service fee is waived when you maintain a minimum daily balance of $20,000 in your account during each statement cycle.
You can also avoid monthly maintenance fees for eligible Bank of America checking and savings accounts by being a member of the Bank of America Preferred Rewards® program.
Their savings APY won't be as high as an online bank, but they do offer a wide range of other products, including credit cards, home and auto loans, and investing through Merrill.
Bank of America Advantage Banking - $200 Bonus Offer
- The $200 bonus offer is an online only offer and must be opened through the Bank of America promotional page.
- The offer is for new checking customers only.
- Offer expires 5/31/2024.
- To qualify, open a Bank of America Advantage Banking account through the promotional page and set up and receive qualifying direct deposits totaling $2,000 or more into that new account within 90 days of opening.
- Bank of America will attempt to pay bonus within 60 days.
- Additional terms and conditions apply. See offer page for more details.
- Bank of America, N.A. Member FDIC.
Wells Fargo: Best National Bank
When it comes to choosing a bank to give your business, there's a lot to consider, but one of the biggest factors is convenience. In the state of Arizona, there aren't many banks with more locations than Wells Fargo, which has at least 170 branches in the Grand Canyon State.
Wells Fargo customers get access to a wide range of useful banking services including checking and savings accounts, CDs, credit cards, home loans, and more.
And in addition to their personal banking options, they are also an excellent choice for small business owners, recognized as a top small business lender by the Small Business Administration (SBA).[1]
Savings Account - $525 Bonus
Open a new eligible consumer savings account. Provide the bonus code at account opening. Bonus code can be obtained by providing your email address. Deposit $25,000 or more in new money to the savings account within 30 days of account opening. Maintain at least $25,000 in the account until 90 days after account opening.
Personal Checking Account - $300 Bonus
Open a new qualifying consumer checking account. Receive a total of $1,000 or more in qualifying direct deposits to the new checking account within 90 calendar days from account opening (qualification period). Bonus will be deposited to the account within 30 days after the qualification period. This offer is for new checking account customers only.
Personal Checking Account - $3,500 Bonus
Open a new Premier Checking account or upgrade your existing checking account to a Premier Checking account. Use promo code at account opening. Offer code can be obtained by providing your email address. Deposit $500,000 or more to qualifying linked accounts within 45 days of account opening or upgrade. Maintain a balance of $500,000 or more in the qualifying linked accounts for at least 90 days after account opening or upgrade.
Personal Checking Account - $2,500 Bonus
Open a new Premier Checking account or upgrade your existing checking account to a Premier Checking account. Use promo code at account opening. Offer code can be obtained by providing your email address. Deposit $250,000 or more to qualifying linked accounts within 45 days of account opening or upgrade. Maintain a balance of $250,000 or more in the qualifying linked accounts for at least 90 days after account opening or upgrade.
Personal Checking Account - $325 Bonus
Open a new qualifying consumer checking account. Receive a total of $1,000 or more in qualifying direct deposits to the new checking account within 90 calendar days from account opening (qualification period). Bonus will be deposited to the account within 30 days after the qualification period. This offer is for new checking account customers only.
PNC Bank: Best for Checking and Savings
PNC Bank, which previously operated as BBVA in Arizona, has good options for both checking and savings accounts, meaning it's a versatile choice for people with a range of needs.
There is no minimum deposit to open a PNC Bank Standard Savings Account but it requires a balance of at least $1 to earn interest.[2]
However, their standard savings account interest rates are low. Their High Yield Savings account with a more competitive rate is only available to eligible markets. If you're looking for a higher interest rate, consider an online bank like Ally.
With their online checking account, the PNC Bank Virtual Wallet, it's easy to track deposits to your account as well as when you need to pay bills, and you'll even get warnings when you're at risk of overdrawing.
PNC does charge a $5 monthly service fee, but you can get it waived in several ways, like keeping a minimum of $300 in your account. The fee is also waived for customers under 18.[3]
Their customer service reportedly leaves something to be desired, as it's limited to certain hours during the workweek. For in-person support, you can also visit one of their branches.
Virtual Wallet with Performance Select Checking - $400 Bonus
Open a new Virtual Wallet with Performance Select checking account and make qualifying direct deposits totaling $5,000 or more within 60 days of account opening. Bonus will be awarded within 60-90 days of meeting the requirements.
Virtual Wallet Checking Pro - $200 Bonus
Open a new Virtual Wallet Checking Pro online. Set up and receive qualifying direct deposits totaling $2,000 or more within 60 days of account opening.
Virtual Wallet with Performance Spend Checking - $200 Bonus
Open a new Virtual Wallet with Performance Spend checking account and make qualifying direct deposits totaling $2,000 or more within 60 days of account opening. Bonus will be awarded within 60-90 days of meeting the requirements.
Virtual Wallet Checking - $100 Bonus
Open a new Virtual Wallet checking account and make qualified direct deposits totaling $500 or more within 60 days of account opening. Bonus will be awarded within 60-90 days of meeting the requirements.
Chase: Best for Checking
For those Arizonans who value ease and convenience, Chase offers a powerful combination of brick-and-mortar access with over 200 branches and digital tools thanks to their user-friendly mobile banking app.
Chase has one of the largest numbers of branches and ATMs in the state, as well as the rest of the US, meaning that you'll always have access to your money, both at home and on the road.
Through the mobile app, you can pay bills, send money, deposit checks on the go, and much more, all secured with facial recognition, fingerprint sign-in, and high-tech encryption.
Chase Total Checking® - $300 Bonus
- New Chase checking customers enjoy a $300 bonus when you open a Chase Total Checking® account with qualifying activities
- Access to more than 15,000 Chase ATMs and more than 4,700 branches
- Chase Mobile® app - Manage your accounts, deposit checks, transfer money and more -- all from your device.
- JPMorgan Chase Bank, N.A. Member FDIC
- Open your account online now
- Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com.
- Chase Overdraft Assist℠ - no overdraft fees if you're overdrawn by $50 or less at the end of the business day or if you're overdrawn by more than $50 and bring your account balance to overdrawn by $50 or less at the end of the next business day*
Chase Secure Banking℠ - $100 Bonus
- New Chase checking customers enjoy a $100 checking account bonus when you open a Chase Secure Banking℠ account with qualifying transactions. Open online or at any Chase branch.
- Set up direct deposit and you may get your money up to two business days early-exclusively for Chase Secure Banking℠ customers.
- No minimum deposit to open an account and get started plus no overdraft fees with a Chase debit card that helps you stay within your balance.
- No need to worry about overdraft fees - Chase Secure Banking℠ allows you to spend only the money you have available.
- Chase Secure Banking℠ customers told us they save an average of more than $40 per month on fees after opening their account.
- Track your credit score, get a personalized action plan provided by Experian™ to help improve your score and receive identity monitoring for free through Chase Credit Journey®.
- Pay bills, cash checks and send or receive money with Zelle® with a Chase Secure Banking℠ account.
- Bank from anywhere with access to more than 15,000 Chase ATMs, more than 4,700 Chase branches, the Chase Mobile® app and Chase.com.
- JPMorgan Chase Bank, N.A. Member FDIC.
Chase College Checking℠ - $100 Bonus
- Enjoy $100 as a new Chase checking customer when you open a Chase College Checking℠ account and complete 10 qualifying transactions within 60 days of coupon enrollment.
- No Monthly Service Fee while in school up to the graduation date provided at account opening (five years maximum) for students 17-24 years old.
- Students ages 18-24 with a Social Security Number can open an account online or at a Chase branch. Students with no Social Security number or who are 17-year-olds can only open an account at a branch.
- Keep track of your money in the Chase Mobile® app. The app helps you manage your money.
- Zelle® is available in more than 1,000 banking apps in the U.S. So you can send and receive money from almost anyone you know and trust who has a bank account in the U.S.
- Access to more than 15,000 Chase ATMs and more than 4,700 branches.
- JPMorgan Chase Bank, N.A. Member FDIC
- Chase Overdraft Assist℠ - no overdraft fee if you're overdrawn by $50 or less at the end of the business day or if you're overdrawn by more than $50 and bring your account balance to overdrawn by $50 or less at the end of the next business day*
Chase Private Client - $3,000 Bonus
- You're eligible for up to a $3,000 bonus when you open a new Chase Private Client Checking℠ account with qualifying activities.
- Speak with a Private Client Banker to open your Chase Private Client Checking℠ account today. Schedule your meeting at your nearest branch or over the phone.
- Priority service for everyday banking. Receive personalized attention from a dedicated Chase Private Client Banker who is ready to help you.
- Earn $1,000 when you deposit $150,000 or earn $2,000 when you deposit $250,000 or earn $3,000 when you deposit $500,000.
- No ATM fees worldwide.
- No Chase fee on incoming or outgoing wire transfers.
- Enjoy higher limits on Chase Private Client debit card purchases and ATM withdrawals, as well as higher Zelle® and Chase QuickDeposit℠ limits.
- Deposit products provided by JPMorgan Chase Bank, N.A. Member FDIC. Deposit products are FDIC insured up to the maximum amount allowed by law.
BMO: Best Economical Checking
Looking for a low-cost checking account? Then you might consider BMO Bank.
First, their BMO Smart Advantage Checking offers unlimited transactions and no fees.
Next, the BMO Smart Money Checking is free to use if you're under 25. For everyone else, there is a modest $5 monthly maintenance fee, but no overdraft fees.
For even more perks, the BMO Relationship Checking offers free transactions even at out-of-network ATMs, Mastercard ID Theft Protection on a BMO Bank Debit Mastercard, and earns interest.
The minimum deposit with BMO is $25, and they also offer a range of other services, including savings accounts and CDs, home and auto loans, retirement accounts, credit cards, and more.
BMO Smart Advantage Checking - $250 Cash Bonus
Open a new BMO Smart Advantage Checking account and get a $250 cash bonus when you have a cumulative total of $4,000 in qualifying direct deposits within 90 days of account opening. Offer is limited to one per customer and is not available for existing BMO personal checking customers (including signers on joint accounts) or those who have closed a BMO personal checking account within the past 12 months. Conditions apply.
BMO Smart Money Checking - $250 Cash Bonus
Open a new BMO Smart Money Checking account and get a $250 cash bonus when you have a cumulative total of $4,000 in qualifying direct deposits within 90 days of account opening. Offer is limited to one per customer and is not available for existing BMO personal checking customers (including signers on joint accounts) or those who have closed a BMO personal checking account within the past 12 months. Conditions apply.
BMO Relationship Checking - $400 Cash Bonus
Open a new BMO Relationship Checking account and get a $400 cash bonus when you have a cumulative total of $7,500 in qualifying direct deposits within 90 days of account opening. Offer is limited to one per customer and is not available for existing BMO personal checking customers (including signers on joint accounts) or those who have closed a BMO personal checking account within the past 12 months. Conditions apply.
MidFirst Bank: Best Customer Service
If customer service is your primary concern, then MidFirst Bank may be the right option for you.
MidFirst Bank ranked top in the Southwest in J.D. Power's U.S. Retail Banking Satisfaction Study, which considers factors like fee structures, product versatility, and problem-solving capability.[4]
Keep in mind, MidFirst Bank is based in Oklahoma and operates only 25 branches in Arizona, so it may be a little harder to find a branch near you compared to major banks like Bank of America or PNC.
They offer a range of services including:
- Free online checking accounts
- Interest-earning checking accounts
- Money market accounts
- Traditional savings accounts
- Kids savings account (designed for kids 17 and under)
- CDs
- IRAs
- Credit cards
- Home, auto, and equity loans
- Investment services
Note: The checking and savings accounts all require a $100 minimum deposit.
Other Banks to Consider
If none of the banks above are the right fit for you, that doesn't mean that there aren't any other options, or even any good ones.
Let's take a look at some solid options for other banks you should give your consideration if you're looking for options in Arizona.
US Bank
US Bank is one of the largest banks in the United States and it has a lot to offer its customers.
While it doesn't have the largest number of branches in Arizona, it does have nearly 60 locations spread around the state.
Their savings rates are moderate, with the best offered for their longer term CDs, and customers also get access to useful services like checking and savings accounts, credit cards, investment and retirement accounts and more.
U.S. Bank Smartly® Checking and Standard Savings - Up to $700 Bonus
Earn up to $500 with a new Bank Smartly Checking account. Complete the following within 90 days of account opening:
- Enroll in online banking or the U.S. Bank Mobile App
- Make two or more direct deposit(s) totaling $3,000 to $4,999.99 to earn $100, $5,000 to $9,999.99 to earn $300 or $10,000 or more to earn $500
Earn up to $200 with a new Standard Savings account.
- Make new money deposit(s) totaling $15,000 or more by July 17, 2024
- Maintain that balance until October 31, 2024
Offer may not be available if you live outside of the U.S. Bank footprint or are not an existing client of U.S. Bank or State Farm.
Silver Business Checking Package - Up to $800 Bonus
Earn up to an $800 bonus when you open a new, eligible U.S. Bank business checking account online with promo code Q1AFL24 and complete qualifying activities, subject to certain terms and limitations. Offer valid through April 23, 2024. Member FDIC. Complete these steps to earn the offer:
Earn your $350.
- Complete $5,000 in new money deposits within 30 days of account opening and maintain for 60 days after account opening.
Earn your $800.
- Complete $25,000 in new money deposits within 30 days of account opening and maintain for 60 days after account opening.
Gold Business Checking Package - Up to $800 Bonus
Earn up to an $800 bonus when you open a new, eligible U.S. Bank business checking account online with promo code Q1AFL24 and complete qualifying activities, subject to certain terms and limitations. Offer valid through April 23, 2024. Member FDIC. Complete these steps to earn the offer:
Earn your $350.
- Complete $5,000 in new money deposits within 30 days of account opening and maintain for 60 days after account opening.
Earn your $800.
- Complete $25,000 in new money deposits within 30 days of account opening and maintain for 60 days after account opening.
Platinum Business Checking Package - Up to $800 Bonus
Earn up to an $800 bonus when you open a new, eligible U.S. Bank business checking account online with promo code Q1AFL24 and complete qualifying activities, subject to certain terms and limitations. Offer valid through April 23, 2024. Member FDIC. Complete these steps to earn the offer:
Earn your $350.
- Complete $5,000 in new money deposits within 30 days of account opening and maintain for 60 days after account opening.
Earn your $800.
- Complete $25,000 in new money deposits within 30 days of account opening and maintain for 60 days after account opening.
U.S. Bank Payment Solutions
- Accept payments online, in-store and on the go.
- Swipe, tap, insert: 2.60% + 10¢
- Key-in transaction: 3.50% + 15¢
- Online payments: 2.90% + 30¢
- Access funds quickly. With Everyday Funding feature, you can access your payments within hours, seven days a week.
Platinum Business Money Market Account - 4.60% APY
Receive a bonus interest rate of 4.50% (4.60% APY) from the account opening date when you open a new Platinum Business Money Market Account and complete qualifying activities1, subject to certain terms and limitations. Offer valid through June 5, 2024. Member FDIC. Complete these steps to earn the offer:
- Open a new Platinum Business Money Market Account
- Deposit $25,000 - $2,999,999.99 in new money deposits
Automated Investor by U.S. Bancorp Investments NEW
- Investing is made easy with Automated Investor!
- Whether you're just starting out or well on your way, our robo-advisor can help you work towards your goals with low fees and a low minimum of just $1,000. With ongoing rebalancing as the markets change, it helps you stay on track and minimize risk so your money can work harder for you. Questions? Human help is always just a phone call away. Get started in just minutes.
- Only available to existing clients of U.S. Bancorp Investments and its affiliate U.S. Bank. Not a customer yet? Get started by calling 866-758-8655.
WaFD Bank
WaFD Bank is a smaller Seattle-based bank with around 30 locations in Arizona, with over 230 branches spread around 8 western states.
Despite its smaller size, there's a lot to like about WaFD Bank, including a free checking account, an interest-bearing checking account, savings accounts for kids and teens, and more.
How to Choose the Best Bank in Arizona
Just like you're laying down roots in Arizona, your money also needs a financial home. Here's what to consider when choosing the right bank:
Accessibility
Convenience is key. Choose a bank with branches close to your home and work, so you have easy access to ATMs and in-person support.
Checking and savings accounts
Pick a bank with the accounts and features you need. For example, some banks' checking accounts may have overdraft assistance or free budgeting tools.
Monthly fees
Some banks (especially traditional banks) charge a monthly fee unless you maintain a certain minimum balance or meet other criteria. This doesn't have to be a dealbreaker, as long as you can easily meet the requirements.
Additional services
Looking for more than banking? Banks usually also offer credit cards, loans, investment tools, and small business products. Look into the bank's other services if you want a one-stop-shop.
Bottom Line
It isn't hard to find a good bank in the state of Arizona if you know what you're looking for. For nationwide access and the widest range of banking options, consider a national bank like Bank of America.
If a combination of services is your desire, consider a versatile bank like PNC. If convenience is your main concern, you'll probably want to go with a big national bank like Wells Fargo, Chase, or US Bank.
For low-cost checking options, consider BMO or a smaller bank like WaFD.
If customer service and a friendly touch is what you're looking for, MidFirst Bank may be right for you, as long as they have a branch in your area.
References
- ^ U.S. Small Business Administration. 100 most active SBA 7(a) lenders, Retrieved 5/7/2022
- ^ PNC Bank. Consumer Schedule of Service Charges and Fees Standard Savings, Retrieved 5/7/2022
- ^ PNC Bank. Consumer Schedule of Service Charges and Fees, Retrieved 5/7/2022
- ^ "J.D. Power U.S. Retail Banking Satisfaction Study": J.D. Power, 2019.
Jeremy Harshman is a creative assistant at CreditDonkey, a bank comparison and reviews website. Write to Jeremy Harshman at jeremy.harshman@creditdonkey.com. Follow us on Twitter and Facebook for our latest posts.
Note: This website is made possible through financial relationships with some of the products and services mentioned on this site. We may receive compensation if you shop through links in our content. You do not have to use our links, but you help support CreditDonkey if you do.
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