10 Best Banks in Arizona 2022

With over 7.5 million residents, Arizona is the 14th most populous state in the US. It’s also one of the fastest-growing — trailing only Idaho and Nevada in total percentage of growth for 2021. And guess what? All of those Arizonians need bank accounts.

Like in all big states, Arizona has a ton of banks to choose from, and it can feel overwhelming trying to narrow it down.

To help you out, this post covers the best banks for residents of Arizona. From local options to national chains and online banks, those who call The Grand Canyon State home will come away with a firm understanding of their options.

10 Best Banks in Arizona

Here are the top 10 banks in Arizona you can open an account with today:

  1. First Citizens Bank
  2. U.S. Bank
  3. Bank of America 
  4. PNC Bank
  5. BMO Harris Bank
  6. Chase Bank
  7. MidFirst Bank
  8. Wells Fargo
  9. National Bank of Arizona
  10. Alliance Bank of Arizona

1. First Citizens Bank

Now that its acquisition of CIT Bank is complete, First Citizens Bank Bank is poised to be the 19th largest national bank, with over 100 billion in total assets.

While it has several physical branches in Arizona, First Citizens Bank reaches a nationwide audience through its online presence.

They are big enough to have all the products and services customers need – including checking, savings, credit cards, mortgages, loans, CDs, and insurance – but small enough to be a community bank.

We’d recommend starting with their free checking account and expanding from there. It comes with no monthly fees when you enroll in paperless statements, no minimum balance, and free online and mobile banking with bill pay and check deposits.

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2. U.S. Bank US Bank Logo

With more than 2,000 locations in 28 states, U.S. Bank is one of the biggest banks in the Western States. Sixty-two of those branches are in Arizona, where it serves 24 different towns and cities.

U.S. Bank offers personal banking, small business banking, and wealth management services.

Most U.S. Bank accounts come with monthly fees, but the bank rewards its customers for a more involved relationship. For example, if you open a Gold Checking account, you’ll skirt the monthly fee if you also have a U.S. Bank credit card or personal loan.

Unfortunately, U.S. Bank’s savings rates are super low. If you’re looking for high-yield, your best option is to open a U.S. Bank CD — particularly their limited time “Special CDs” which tend to offer the highest rates.

U.S. Bank also has an excellent mobile app and online banking platform. It’s a great option if you tend to travel throughout the West and are looking for a wide range of financial services.

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3. Bank of America Bank of America Logo

Bank of America (BoA) is best known for its massive presence in the East. But with more than 40 branch locations throughout the state, it’s a solid option in Arizona.

As a Big Four bank, BoA comes with a wide breadth of banking services, account options, and avenues for customer support. Plus, BoA offers home and home equity loans and a full-service investment platform.

The downside is that, like its big bank counterparts, BoA doesn’t have much to offer in terms of savings rates. Unfortunately, it also tends to charge numerous account fees, and only some of those are avoidable.

4. PNC Bank PNC Bank Logo

PNC was previously limited to the Mid-Atlantic but has recently expanded its reach by acquiring BBVA USA (formerly BBVA Compass) in 2020.

Now that the deal is official, all BBVA locations have converted into PNC branches. This means that there are now 64 PNC locations in Arizona, making the Pittsburgh-based bank a solid option.

PNC’s financial product line includes deposit accounts, small business banking, credit cards, and loans.

Plus, the bank has an all-in-one account bundle known as the PNC Virtual Wallet. These accounts tend to have sign-up bonuses for new customers. Check out the current PNC Bank bonuses.

The move to absorb BBVA makes PNC the fifth-largest bank in the US. This means plenty of support and account options. However, it also means low-interest rates. The highest savings account APY that PNC currently offers is a meager 0.05%.

5. BMO Harris Bank BMO Harris Logo

Chicago-based BMO Harris, which is only available in 8 states, has 45 branches in Arizona. It’s on the smaller end of the bigger banks in this list but still comes with the same wide range of account options that you should expect.

As a BMO Harris customer, you can choose from many different checking accounts and credit cards. When it comes to savings accounts, there’s one traditional account and one money market. CDs are available with rates as high as 3.50%. BMO Harris also offers personal, auto, and home loans, and lines of credit.

Finally, BMO Harris provides a very well-rated mobile app and a ton of digital tools to help you manage your money online.

6. Chase Bank Chase Bank Logo

JPMorgan Chase is one of the largest banks in the US. It’s based out of New York City but has nearly 5,000 branches in 48 states. More than 200 of those branches are in Arizona, making it the most accessible bank in the state.

You can find all of the product offerings you’d expect from a big bank with Chase. So whether you’re looking for a personal or business account, loans, or wealth management, you’re covered.

Plus, Chase offers a signup bonus when you sign up for Chase Total Checking and enroll in direct deposit. This is business as usual for Chase, which regularly offers some of the best promotions for new customers.

It also has one of the best mobile banking experiences of any big bank. The Chase app is regularly recognized as one of the best in the business and gives you full access on the go.

On top of all that, where Chase arguably stands out the most is with its credit cards. There are many different cards to choose from, which tend to live on the higher end of enrollment bonuses and spending rewards.

Of course, we have to mention a downside: Chase charges numerous account fees, which can be tricky to get around. Make sure you understand how those work before signing up.

7. MidFirst Bank MidFirst Bank Logo

MidFirst Bank is a privately-owned, FDIC-insured financial institution based out of Oklahoma City. The bank has 20 locations and 60 ATMs in Arizona, most of which are found within the Phoenix Valley.

With MidFirst, you can get the personal touch of a community bank without compromising on account options. It also operates as a bit of a hybrid bank, with both traditional and online-only accounts available.

Overall, the biggest selling point for MidFirst is that it has some of the highest APYs of any brick-and-mortar bank in Arizona. For example, if you sign up for a Freedom Money Market account, you get an APY of up to 0.20% on your deposits. Its eChecking account is even better, which earns up to 0.60%.

8. Wells Fargo Wells Fargo Bank Logo

With more than 4,700 locations, Wells Fargo has the largest physical presence of any bank in the United States. Arizona houses 170 of them, making it a great option if you’re looking for in-person customer support and branch access throughout the state.

Wells Fargo has a variety of accounts tailored to various income levels and age groups, making it a one-size-fits-all banking partner. It also offers a robust suite of best business bank accounts, with tiers that are designed to serve all types of businesses, from small startups to large-scale enterprises.

As with any big bank, you can expect some fees and comparably low savings rates, but it’s tough to top Wells Fargo on convenience.

9. National Bank of Arizona

Based out of Phoenix, the National Bank of Arizona has more than 55 offices and branches scattered throughout the state. It’s owned by Zions Bancorporation, a member-FDIC bank and holding company.

National Bank of Arizona offers a wide range of banking products with five different checking accounts, two savings accounts, and three Money Market options. It also has CDs, credit cards, and online and mobile banking.

National Bank of Arizona’s fee schedule mirrors that of most other traditional banks. Each checking account has a monthly fee, but fortunately, they’re all avoidable with qualifying requirements.

Overall, If you’re looking for a full-service community bank but don’t want to compromise on locations or account variety, this is a really good option.

10. Alliance Bank of Arizona

Alliance Bank of Arizona is a division of Western Alliance Bancorporation, member-FDIC. It’s based in Phoenix and has a handful of branches in Arizona’s larger cities, including Gilbert, Tucson, Mesa, Chandler, Flagstaff, and Scottsdale.

Alliance offers a variety of personal deposit accounts, but its main focus is on commercial banking. The bank offers business checking, savings, money market, and CD accounts, making it a great place for entrepreneurs and businesses of all shapes and sizes.

Alliance also offers full-service online and mobile banking, but unfortunately, it falls a bit short in that department. The mobile app is poorly rated in the App Store and the Google Play Store, so those who value a seamless mobile experience should look elsewhere.

Frequently Asked Questions

What is the best bank in Arizona?

It depends on what you’re looking for. If you want the most branches, go with Chase or Wells Fargo. If you want more of a community feel, the National Bank of Arizona or MidFirst are worthy banks to check out.

The best bank in any state comes down to what you need out of it. Make a list of the top things you want from a banking partner, and go from there. Once you know what you’re looking for, it’ll get a lot easier to decide. Also, don’t hesitate to switch banks if your current provider isn’t getting it done.

How many banks in Arizona are there?

There are around 100 different bank providers with a physical presence in Arizona. Of those, the above-mentioned banks (Chase, Wells Fargo, PNC, U.S. Bank, and so on) account for the vast majority of brick-and-mortar locations.

Keep in mind that most online banks are available nationally, so there’s no need to limit yourself to a local institution. Online banks typically offer added perks like free checking and savings, overdraft protection, and higher savings rates.

What banks are in Phoenix, AZ?

Phoenix is one of the biggest cities in the US, so you won’t have trouble finding a bank. In fact, there are over 75 different banks in Phoenix, and Every bank included in this list is available.

Here is a full list of banks in Phoenix, AZ.

  • Academy Bank
  • Aero Credit Union
  • Alaska USA Credit Union
  • Alhambra Credit Union
  • American Airlines Credit Union
  • Arizona Bank & Trust
  • Arizona Central Credit Union
  • Arizona Credit Union
  • Arizona State Credit Union
  • Bank Of America (BoA)
  • Bank Of England
  • Bank Of The West
  • Bank One
  • Bankers Trust Company
  • Banner Credit Union
  • Bashas Associates Credit Union
  • Bell State Bank & Trust
  • BMO Harris Bank
  • BNY Mellon
  • BOK Financial
  • Canyon State Credit Union
  • Comerica Bank
  • Compass Bank
  • Credit Union West Credit Union
  • Deer Valley Credit Union
  • Desert Schools Credit Union
  • Enterprise Bank & Trust
  • Farmers And Merchants Bank Of Western Pennsylvania
  • Farmers Insurance Group Credit Union
  • First Credit Union
  • First Fidelity Bank
  • First International Bank & Trust
  • First National Bank Texas
  • First Western Trust Bank
  • FirstBank
  • Florida West Coast Credit Union
  • Glacier Bank
  • Goldwater Bank
  • Johnson Bank
  • Chase Bank
  • Kansas State Bank Of Manhattan
  • Legacy Credit Union
  • Marisol Credit Union
  • Mayo Employees Credit Union
  • Meadows Bank
  • Metro Phoenix Bank
  • MidFirst Bank
  • Mountain America Credit Union
  • Navy Federal Credit Union
  • New York Community Bank
  • OneWest Bank
  • Pacific Premier Bank
  • Parkway Bank And Trust Company
  • Pinnacle Bank
  • Republic Bank AZ
  • Seacoast Commerce Bank
  • Shamrock Foods Credit Union
  • Sierra Pacific Credit Union
  • Southwest Airlines Credit Union
  • Southwest Health Care Credit Union
  • Sunflower Bank
  • SunWest Credit Union
  • The Northern Trust Company
  • Trustbank
  • TruWest Credit Union
  • U-0Haul Credit Union
  • S. Bank
  • UMB Bank
  • United Methodist Credit Union
  • Vantage West Credit Union
  • Washington Federal
  • Wells Fargo Bank
  • West Valley National Bank
  • Western Alliance Bank
  • Wilmington Trust

What banks are in Tucson, Arizona?

Tucson isn’t quite on the same level as Phoenix, but it’s still a major city. You can expect to find all of the same national and local options that you would in the Phoenix area.

Here is a full list of banks in Tucson:

  • Academy Bank
  • APC Employees Credit Union
  • Arizona Central Credit Union
  • Arizona State Credit Union
  • Bank Of America (BoA)
  • Bank Of The West
  • BMO Harris Bank
  • Canyon Community Bank
  • Commerce Bank Of Arizona
  • Compass Bank
  • First Credit Union
  • First National Bank Texas
  • First-Citizens Bank & Trust Company
  • Glacier Bank
  • Great Western Bank
  • Hughes Credit Union
  • Chase Bank
  • OneWest Bank
  • Pacific Premier Bank
  • Pima Credit Union
  • Pyramid Credit Union
  • SunWest Credit Union
  • The Northern Trust Company
  • Tucson Credit Union
  • Tucson Old Pueblo Credit Union
  • S. Bank
  • Vantage West Credit Union
  • Washington Federal
  • Wells Fargo Bank
  • Western Alliance Bank
  • Zions First National Bank

Which of the Best Banks in Arizona is for You?

As you can see, Arizona has a wide range of banks and credit unions to choose from.

While I’ve done my best to outline what I feel are the best overall picks, only you can decide which bank is right for you. There might even be a local bank in your community that’s a perfect match.

Whether you end up going with a community bank or a national powerhouse, the next step is signing up. Just don’t forget your sunglasses if you decide to go in person!