Arizona offers scenic desert views, warm weather, and a growing economy. From Phoenix and Tucson to smaller cities across the state, there are plenty of options for managing your money.
If you’re comparing banks in Arizona, this list can help you find the right match based on your financial habits, goals, and preferences.
11 Best Banks in Arizona
From statewide branches to local credit unions with strong community ties, the best banks in Arizona offer convenience, solid interest rates, and modern tools to help you stay on top of your finances.
1. U.S. Bank
U.S. Bank is one of the largest commercial banks in the U.S. It’s home to 62 branches in 24 different cities in Arizona.
2. SoFi
SoFi’s Checking & Savings account is one of the best online options in Arizona, combining strong rates with no monthly fees.
3. Upgrade
Upgrade is another top online bank for Arizona residents, offering a fee-free checking account with rewards and a high-yield savings option.
4. Chase Bank
Chase Bank is one of the most widely available banks in Arizona, with more than 200 branches across the state.
5. Arizona Bank & Trust
Arizona Bank & Trust is a notable community bank with branches strategically located throughout the Valley in cities such as Chandler, Gilbert, Mesa, Phoenix, Scottsdale, and Tempe.
6. Bank of America
With a solid presence in Arizona through over 40 branch locations, Bank of America is a familiar and reliable option. It offers a rich array of services, including checking and savings accounts with specialized options for children.
7. WaFd Bank
WaFd Bank has around 30 locations across Arizona, with branches in cities like Casa Grande, Gilbert, Mesa, Phoenix, Scottsdale, Sun City, and Tucson.
8. PNC Bank
PNC Bank is a major bank that used to operate under BBVA in Arizona. It was founded in 1845 and provides a full suite of digital banking tools and products.
9. Foothills Bank
Foothills Bank, established in 1997 and headquartered in Yuma, has rapidly become one of the best banks in Arizona. It also has branches in Flagstaff, Kingman, Lake Havasu City, Prescott, Tucson, and more.
10. National Bank of Arizona
National Bank of Arizona (NBAZ) is a renowned local bank that has been serving the state since 1984. Headquartered in Phoenix, NBAZ operates over 50 branches across the state.
11. Wells Fargo
Wells Fargo is considered one of the oldest banks in the U.S. It was founded in 1852 and has about 170 branch locations in Arizona, along with a highly rated mobile app.
How to Choose the Best Bank in Arizona
With so many options available, finding the best banks in Arizona can feel a bit overwhelming. However, by comparing each bank and considering your needs, you will find the right one. Here are some things to consider:
- Products: Choose a bank that offers all the products you’re seeking. These may include checking accounts, savings accounts, money market accounts, CDs, loans, investment, and retirement accounts. You’ll notice some banks offer a more extensive selection than others.
- Rates: If saving money is a priority, interest rates are likely to be a top priority. Choose a bank that prides itself on competitive interest rates. Typically, online banks excel with rates because their overhead costs are lower.
- Fees: Common bank fees include monthly maintenance fees, service fees, and overdraft fees. If possible, go with a bank with minimal fees or one that makes it easy to weave them. Fees can take away from your financial goals, so it’s best to avoid or minimize them if you can.
- Locations: You may prefer to bank in-person. If this is the case, opt for a full-service community bank with brick-and-mortar branches near your home or workplace. Otherwise, you may have to perform all your banking online.
- Digital tools: If you prefer digital banking from an online bank or brick and mortar bank, look for digital tools like online account access, mobile apps, and virtual assistants. Fortunately, most banks offer them these days.
- Customer service: Customer service is crucial, especially if you plan to bank there for a long time. Make sure the bank you go with offers reliable and prompt customer service. This may be via phone, email, live chat, or social media.
- Reputation: Typically, larger banks have excellent reputations, especially if they’ve been around for a while. However, you should read reviews and ratings before you commit to any bank.
Bottom Line
Finding the right bank in Arizona depends on your financial needs, whether you prefer a national bank with extensive branch access, a community-focused credit union, or an online bank with high savings rates and low fees. With options ranging from traditional institutions to digital-first banking solutions, Arizona residents have plenty of choices to manage their money efficiently.
Before opening an account, consider factors like fees, interest rates, and convenience. Whether you need a basic checking account, a high-yield savings option, or specialized financial services, choosing the right bank can help you reach your financial goals while providing the flexibility and support you need.
Frequently Asked Questions
What is the best bank in Arizona?
There is no hard and fast answer to this question. The best bank in Arizona is based on your particular needs. If you prefer an online banking experience, for example, SoFi or Upgrade will likely be a great fit. However, if in-person customer support is important to you, you may be better off with Chase Bank or WaFd Bank, as these financial institutions have brick-and-mortar locations throughout the state.
What are some national banks in Arizona?
Arizona has plenty of large, national banks you can explore. These include but are not limited to Chase, U.S. Bank, Wells Fargo, and PNC Bank. Remember, while national banks typically offer a wide range of products, you may not be able to receive personalized customer service like you would if you chose a regional bank or local bank.
What are the largest banks in Arizona?
Compared to all the banks in the state, Chase has the largest physical presence, with more than 200 locations, so it’s a great option if your priority is easy branch access and in-person service. Wells Fargo has over 170 locations, making it the second-largest bank in Arizona.
MidFirst Bank is one of the largest privately owned banks in Arizona, and also in the U.S.
How many banks are in Arizona?
There are about 100 banks in the Grand Canyon state. However, you can also choose from online banks, which service customers in all states, including Arizona. Just make sure you’re okay with online and mobile banking.
What are the best smaller banks in Arizona?
If you like the idea of banking with a smaller financial institution, rest assured there are plenty of options in Arizona. Several examples include Scottsdale Community Bank, Republic Bank of Arizona, Canyon Community Bank, National Bank of Arizona, Alliance Bank, and West Valley National Bank.
Are Arizona banks FDIC insured?
Most local banks and large banks in Arizona are insured by the Federal Deposit Insurance Corporation. This can give you the peace of mind of knowing the funds in your personal account or business account will be protected in the event of a bank failure. Arizona credit unions are usually insured by the National Credit Union Administration.
