Intro: Finding the Top Banks in Arizona

A bank is much more than just a place to store your money. It is important to choose the right bank to fit all of your financial needs, from investing for your future to purchasing your next car.

It is also important to select a bank that will provide you with the most value and not nickel and dime you with fees and high interest rates on loans.

Doing your research when choosing a bank is essential, but searching for a bank in Arizona is no easy task. There are many things to consider when selecting among banks in AZ, like:

Are there any hidden fees? Are their loan rates competitive? Will the bank be easily accessible when traveling?

Best Banks in Arizona Red Award EmblemAward Emblem: Best 17 Banks in Arizona

There is an almost insurmountable number of Arizona banks to choose from, making the job of choosing the best bank in Arizona extremely difficult.

To help, we have used our stringent selection methodology to find the best banks in Arizona. Whether you are looking for the best banks in Tucson, the best banks in Phoenix, or the best banks in Mesa, we’ve got you covered.

The banks on this list represent the best that Arizona has to offer. These banks are backed by decades of experience and have distinguished reputations among Arizona banks.

Our detailed reviews will provide you with all of the information you need to select the Arizona bank that is right for you.

AdvisoryHQ’s List of the Top 17 Best Banks in Arizona

List is sorted alphabetically (click any of the bank names below to go directly to the detailed review section for that Arizona bank):

Click here for 2016’s ranking of the Top 17 Best Banks in Arizona

Top 17 Best Banks in Arizona | Brief Comparison & Ranking

Best Banks in Arizona

Highlighted Features

Academy BankMost locations open 7 days a week
Arizona Bank & TrustDonates to breast cancer research through the Pink Ribbon debit card
Bank of AmericaKeep the Change savings program
Bank of the WestFinancial education resource center
BBVA Compass BankAffordable & accessible home loans
BMO Harris BankTotal Look financial dashboard
Comerica BankVast array of business banking tools & strategies
FirstBankWide selection of loan products
First National Bank TexasVariety of business banking solutions
JPMorgan Chase BankAutomatic savings program
MidFirst BankiSave savings program designed for kids aged 12-17
New York Community BankSimple, automated overdraft protection
U.S. BankDynamic online investment tools
UMB BankDigital Genius program teaches account holders how to use digital banking tools
Washington FederalStrong commitment to developing local communities
Wells Fargo BankTrusted wealth management services
Western Alliance BanksNationally-recognized banking services & expertise

Table: Top 17 Best Banks in Arizona | Above list is sorted alphabetically

AdvisoryHQ’s Selection Methodology

What methodology does AdvisoryHQ use in selecting and finalizing the credit cards, financial products, firms, services, and products that are ranked on its various top-rated lists?

Please click here “AdvisoryHQ’s Ranking Methodologies” for a detailed review of AdvisoryHQ’s selection methodologies for ranking top-rated credit cards, financial accounts, firms, products, and services.

Detailed Review – Top Ranking Best Banks in Arizona

Below, please find a detailed review of each bank on our list of top banks in Arizona. We have highlighted some of the factors that allowed these Arizona banks to score so high in our selection ranking.

See Also: Best Banks in Colorado | Ranking | Best Colorado Banks in Denver, Colorado Springs, etc.

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Arizona Bank & Trust Review

Arizona Bank & Trust is a division of Heartland Financial USA, Inc., a multi-billion financial services company.

Though part of a multi-billion dollar chain of banks, Arizona Bank & Trust still believes that outstanding customer service is the most important core value they can offer to their customers.

As a best bank in Arizona, Arizona Bank & Trust offers a variety of financial services to consumers, including checking, saving, loans, and investment products.

Arizona Bank & Trust is conveniently located throughout Arizona with banks in Phoenix, AZ, banks in Chandler, AZ, as well as locations in Mesa, Tempe, Gilbert, Gold Canyon, and Scottsdale.

Key Factors That Enabled This Firm to Rank as a Best Bank in Arizona

Below are key factors that enabled Arizona Bank & Trust to be rated as one of this year’s best banks in Arizona.

Pink Ribbon Debit Card

When consumers open a checking account with Arizona Bank & Trust, they are given the option to get a free Pink Ribbon debit card.

This special card is Arizona Bank & Trust’s way of giving back to the community in a big way through helping to fund breast cancer treatments and recovery at Banner MD Anderson Cancer Center.

This program gives the customers of this prestigious Arizona bank the power to make a difference in their community and in the lives of many women and their families.

Every time a Pink Ribbon debit card is used, Arizona Bank & Trust donates 2.5 cents to this wonderful cause.

Last year, consumers helped raise over $10,000 to help support the Banner Health Mission, and that initiative is in full swing again this year.

The Pink Ribbon debit card program and Arizona Bank & Trust’s dedication to the communities that it serves sets it apart from other Arizona banks and makes it truly a best bank in Arizona.

Cash Rewards Checking

A checking account that pays you is always a treat, and Arizona Bank & Trust’s Cash Rewards checking account does just that.

This top notch checking account earns interest each month and offers monthly cash reward incentives when you sign up for direct deposit, have 15 signature-based purchases monthly, and sign up for eStatements.

This tiered interest earning checking account also offers many other great benefits, such as:

  • ATM refunds
  • Unlimited check writing
  • Free debit card
  • Free online banking with bill pay
  • Free eStatements
  • Free mobile banking
  • Only $25 minimum opening deposit
  • Overdraft privilege up to $500

Women’s Financial Forum

Arizona Bank & Trust hosts a Women’s Financial Forum to help women with the various aspects of financial management. The forum is designed with women in mind and is presented as an instructive and social program.

The Women’s Financial Forum provides financial tools and resources to empower women to take charge of their financial future.

With a mission to recognize the value women place on specific needs by providing advocacy, resources, and financial and philanthropic education, the Women’s Financial Forum is yet another way that Arizona Bank & Trust ranks as a best bank in Arizona.

Non-Profit Financing

Arizona Bank & Trust believes that a strong nonprofit sector is vital for a healthy community.

For this reason, they provide financing opportunities for nonprofit organizations in their communities so that these organizations can concentrate on further pursuing their mission.

Their nonprofit banking services extend to:

  • Financing
  • Cash/Treasury management
  • Merchant credit card services
  • Wealth management 
  • Health savings accounts

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First National Bank Texas Review

Since first opening their doors in 1901, the First National Bank of Texas has been serving its communities with great banking solutions, world-class customer service, and convenience.

Though originally founded in Texas, this bank now also serves Arizona and New Mexico and has banks in Phoenix, AZ, banks in Mesa, AZ, and banks in Tucson.

From its humble beginnings serving central Texas, First National Bank Texas now holds over $1.3 billion in assets and operates over 300 locations.

The bank employs over 3,200 banking professionals and prides itself on being a community bank whose focus is on the financial success of its customers.

Key Factors That Enabled This Firm to Rank as a Best Bank in Arizona

Below are key factors that enabled First National Bank Texas to be rated as one of this year’s best banks in Arizona.

First National Bank Texas - bank in arizona

Photo courtesy of: Best Banks in Arizona

Mobile App

First National Bank Texas understands that time is precious, and that accessibility is key to staying on top of your bank accounts.

It is for this reason that they give their customers the option to check balances, transfer money, and find bank locations via their mobile app.

Their mobile app is available as a free download on iTunes.

At First National Bank Texas, managing your finances is as easy as opening your phone, which is one of the reasons they have been chosen as a best bank in Arizona.

Business Accounts

As one of the most notable banks in AZ, First National Bank Texas is dedicated to the communities they serve, including helping the businesses that fuel the local economy.

This Arizona bank offers a variety of business banking solutions to help local businesses grow and flourish. Their business financial product offerings include:

  • Checking
  • Interest-bearing accounts
  • Business debit & credit cards
  • Merchant services
  • Small business online services
  • Commercial online services

Live Chat

It can be frustrating when you have a banking question but have to navigate through a sea of electronic phone options before you are able to speak to a live person.

First National Bank Texas understands that sometimes you want to speak to a representative quickly and with as little hassle as possible. That is why they offer a live chat option on their website.

Consumers simply go to the live chat page and enter their name, contact information, and the nature of their inquiry and are connected with an agent who can help them resolve their issue.

The live chat option has a convenient schedule for customers: Monday-Friday from 8 A.M. to 7 P.M. and on Saturday from 10 A.M. to 6 P.M.

Open Seven Days a Week

Most of the First National Bank Texas branches in Arizona are located inside Walmart stores. This convenient location allows them to have extended operating hours beyond those of most banks.

Many First National Bank Texas service centers are open until 6 P.M. Monday-Wednesday and until 7 P.M. Thursday-Friday. Adding to customers’ convenience, they are also open from 10 A.M.-6 P.M. on Saturday and from 12 P.M.-4 P.M. on Sunday.

It is rare to find a bank with operating hours on Sunday, part of the reason that this bank ranks as a best bank in Arizona and making it a good choice for consumers who favor convenient times to run their personal banking errands.

Related: Top Missouri Banks | Ranking | Finding The Best Bank in Missouri

MidFirst Bank Review

MidFirst Bank is one of the largest privately owned banks in the United States. Having a large reach but remaining privately owned allows this bank to offer competitive products and services while maintaining the service and flexibility of a community bank.

MidFirst Bank offers its customers a full range of personal, commercial, trust, private banking, and mortgage banking products and services.

With over $11 million in assets and several banks in the Phoenix, AZ area, MidFirst Bank is a solid choice for anyone looking for banks in Arizona.

Key Factors That Enabled This Firm to Rank as a Top Bank in Arizona

Listed below are key factors that enabled MidFirst Bank to be rated as a best bank in Arizona.

eChecking Account

MidFirst Bank’s eChecking Account is designed with the busy consumer in mind. This account is perfect for those who want the convenience of banking electronically while earning increased interest earning rates.

In fact, the more transactions made each month, the higher the earning potential becomes on this interest-bearing checking account.

Depending on the amount of qualifying activity on the account each month, interest tiers range from 0.40% APY to 1.20% APY.

In addition to the increased interest earning potential, holders of this Arizona bank’s eChecking Account also enjoy a loan discount when they sign up for the auto payment option.

iSave Savings Program

The iSave Savings program is designed to get kids up to age 17 excited about saving. With this program, children and teens can earn up to $25 by utilizing MidFirst Bank’s iSave match program.

When 12 consecutive monthly deposits are made into an iSave account, this Arizona bank matches 50% of the average highest single deposit made.

Other benefits of this kid-friendly savings program include:

  • No monthly fees
  • Educational materials
  • Custom deposit journal
  • Interest earned on all balances
  • Six free withdrawals per month
  • Just $25 minimum deposit to open account
  • Interest compounded daily and paid monthly

Investment Services

MidFirst Bank provides investment services to the consumers of its Arizona banks.

With MidFirst Investment Services Executives available at its banks in Phoenix, AZ to help create an investment portfolio to meet the needs of their customers, MidFirst Bank lives up to its commitment to helping its customers succeed. 

These investment service executives can help determine the best financial solution to help clients build wealth over the long term and reach their financial goals.

MidFirst Bank Investment Services can help create and maintain an investment portfolio that is tailored to each individual customer, making them one of the top banks in AZ. 

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Western Alliance Bank Review

Western Alliance Bank is the primary subsidiary of Western Alliance Bancorporation, which is one of the fastest growing bank holding corporations in the United States.

Western Alliance ranked #4 on Forbes’ 2017 list of “Best Banks in America” and currently holds more than $17 billion in assets.

Western Alliance Bank prides itself on being the go-to bank for business and credits its success to its local teams of experienced bankers who deliver superior service.

Western Alliance serves Arizona through its full-service banking division, Alliance Bank of Arizona.

With 9 offices in Arizona, including banks in Phoenix and banks in Tucson, Western Alliance Bank is well suited to serve the residents of Arizona.

The company considers itself to be a leader in business banking but also offers a variety of personal banking options as well.

Key Factors That Enabled This Firm to Rank as a Best Bank in Arizona

Below are key factors that enabled Western Alliance Bank to be rated as one of this year’s best banks in Arizona.

Industry Expertise

Western Alliance Bank has a number of trained professionals who can provide expert support to clients across a wide range of professional industries.

No matter what field of business you are in, it is likely that this Arizona bank has a team of professionals with the expert industry knowledge, tools, and support that you need in order to be successful.

Alliance Bank of Arizona touts industry expertise in the fields of:

  • Homeowner associations
  • Real estate and construction
  • Legal
  • CPAs and accounting
  • Healthcare
  • Manufacturing and distribution
  • Hospitality and tourism
  • Technology and startups
  • Municipal and local government
  • Nonprofits
  • Renewable energy
  • Architecture and engineering
  • Education
  • Retail

Card Services

Western Alliance not only offer excellent checking and savings options for business, but it also offers card services for merchants, business credit cards, and payroll cards.

If you are looking to attract new customers, grow revenue, and boost sales, getting customized payment processing products and merchant services is a good fit for you.

Merchant Services, which is offered through Western Alliances’ vendor, TransFirst®, will allow you to:

  • Accept credit and debit cards
  • Purchase and/or lease card processing equipment
  • Gain multiple authorization networks and transaction processing choices

Don’t like writing checks to pay your employees? Don’t have direct deposit? With Western Alliance’s Payroll Cards, you can now pay your employees with a Visa or MasterCard payroll card.

This feature is provided by their vendor, Skylight® ONE, and offers employees convenience and additional purchasing options. For the employer, this service can:

  • Streamline your payroll process and eliminate multiple vendors
  • Eliminate paper checks, saving money
  • Go paperless and support the environment

Personal Interest Checking

This personal, interest-bearing checking account is perfectly suited to fit the needs of most consumers. There is only a $100 minimum deposit required to open, and interest is earned as long as there is a daily balance of at least $.01 in the account.

This checking account allows for an unlimited number of checking transactions and comes with free online banking with bill pay.

As an added bonus to certain customers of this Arizona bank, the $10 monthly maintenance fee is waived for account holders aged 55 and older.

International Banking

Western Alliance Bank is passionate about helping businesses succeed and that passion extends to helping them to grow their business globally.

Their International Banking group offers products and services to help businesses expand to and succeed in global trade markets.

They offer a full line of international products to their clients, including:

  • Foreign exchange services
  • Letters of credit
  • Lines of credit

Read More: Best Banks in New Jersey | Ranking | Best New Jersey Banks

To browse exclusive reviews of all top rated banks in Arizona, please click on any of the links below: 

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Conclusion – Top 17 Best Banks in Arizona

Over the years, banks have become more than just a place to store money.

Through market growth and the development of innovative technology, banks have begun aiding their clients in growing their wealth, planning for retirement, and protecting their assets against fraud.

There are many things to consider when selecting your own personal best bank in Arizona, such as the fees associated with doing business there and the range of products available.

The best banks in Arizona on this list offer much more to consumers than simply checking and savings accounts.

They also offer an array of helpful financial products and services including online banking, mobile banking, financial resources and tools, retirement and investment services, and loans to help individuals achieve their financial goals.

Whether you are searching for the best banks in Phoenix, AZ or the best banks in Mesa, AZ, this list of the best banks in Arizona encompasses all of the state.

While these banks each offer their own unique line of banking services and solutions, they all share a common commitment to providing outstanding customer service and helping the communities they serve to flourish.

AdvisoryHQ (AHQ) Disclaimer:

Reasonable efforts have been made by AdvisoryHQ to present accurate information, however all info is presented without warranty. Review AdvisoryHQ’s Terms for details. Also review each firm’s site for the most updated data, rates and info.

Note: Firms and products, including the one(s) reviewed above, may be AdvisoryHQ's affiliates. Click to view AdvisoryHQ's advertiser disclosures.