The Top 10 Arizona Financial Institutions of 2023
More than seven 14th most populous, Arizona is home to over 5 million people. Not only is it one of the fastest-growing states, but by 2021 it will rank third in the nation behind only Idaho and Nevada in terms of total percentage growth. And I'll be darned Those Arizonans could use some checking accounts.
Arizona, like most large states, has a plethora of banking options, making the process of selecting one feel daunting.
This post provides information on the top Arizona financial institutions. Residents of The Grand Canyon State will have a thorough understanding of their banking options, from neighborhood institutions to national chains and virtual institutions.
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Top 10 Arizona Banks
If you're looking to open a bank account in Arizona, here are the 10 best options:
Check Out the Top Arizona Bank Bonuses and Deals
One, Citizens First Bank
First Citizens Bank Bank, with over $100 billion in assets following its recent acquisition of CIT Bank, is poised to become the 19th largest national bank.
First Citizens Bank serves a national audience with its extensive online presence in addition to its many Arizona locations.
They are sizable enough to provide a full range of banking services to their clientele, such as checking and savings accounts, credit cards, mortgages, loans, certificates of deposit, and insurance policies, while remaining locally focused and personable.
To begin, have them open a free checking account, and then see where it goes from there. In addition to having no monthly fees or minimum balance requirements, this account also offers free bill pay, check deposits, and online banking services when used with a mobile device.
The Cost of Verification Is Zero
2. U S Bank
U.S. Foods has over 2,000 locations in 28 different states. S Bank is a major financial institution in the Western United States. There are 62 of them in Arizona, where it serves 24 different cities and towns.
U S Services include banking for individuals, banking for small businesses, and wealth management.
Most U S There is a monthly fee associated with bank accounts, but customers who actively engage with their bank are rewarded. The monthly fee for a Gold Checking account, for instance, can be avoided in conjunction with a U. S A personal loan or a credit card from the bank
To make a long story short, unfortunately U S The savings rates offered by banks are extremely low. It's best to open a U. S Certificates of deposit (CDs) from banks, particularly the time-sensitive "Special CDs" that they occasionally offer.
U S The bank's online banking and mobile app are both top-notch. If you frequently visit multiple Western states and need access to a wide variety of financial services, this is a fantastic option.
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U S Institution: SmartlyTM Checking Account
Accessible via the internet
Bank of America (No. 3)
The Eastern region is where Bank of America (BoA) is most visible and well-known. More than 40 locations across Arizona make it a viable choice.
Given its status as one of the "Big Four" financial institutions, Bank of America offers a comprehensive suite of banking products and services, as well as numerous account types and ways to contact customer service. BoA also provides a comprehensive investment platform in addition to mortgage and home equity loans.
One drawback is that, like other major financial institutions, BofA does not offer competitive interest rates on savings accounts. Unfortunately, it also has a penchant for charging a plethora of account fees, of which only a subset can be avoided.
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Forth, PNC Bank
Until the 2020 acquisition of BBVA USA (formerly BBVA Compass), PNC was only able to serve the Mid-Atlantic region.
All BBVA locations have officially become PNC branches now that the merger is complete. In light of this, PNC Bank, headquartered in Pittsburgh, Pennsylvania, is now a strong option in the state of Arizona, with 64 branches throughout the state.
PNC offers a wide variety of banking services, such as personal and business checking and savings accounts, credit cards, and loans.
In addition, PNC offers a unified banking solution in the form of the PNC Virtual Wallet. Sign-up bonuses are common for these accounts. PNC Bank Bonuses: Current and Up-to-Date
With the acquisition of BBVA, PNC has become the fifth largest bank in the United States. Support and account choices are thus abundant. This, however, also means low interest rates. PNC's highest annual percentage yield (APY) for savings accounts is currently zero. 05%
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BMO Harris Bank, No. 5
The Chicago-based financial institution BMO Harris, which is only available in 8 states, has 45 locations throughout the state of Arizona. Although it is one of the smaller banks on this list, it still offers the standard variety of checking and savings accounts.
When you become a BMO Harris customer, you'll have access to a wide variety of checking and credit card options. One type of savings account is a conventional savings account, while the other is a money market savings account. There are 3 percent CDs available. 50% Personal loans, car loans, mortgages, and credit lines are all available from BMO Harris.
In conclusion, if you're looking for a reliable online banking service, BMO Harris has a top-notch mobile app and a wide range of other digital resources to choose from.
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Bank No. 6: Chase
JPMorgan Chase is a major financial institution in the United States. Its headquarters are located in New York, but it has nearly 5,000 locations across 48 different states. Arizonans have the most convenient access to this bank thanks to its over 200 locations throughout the state.
Chase has all the services and products you'd expect from a major financial institution. You can find everything from personal to business banking to loans and investment services here.
Further, if you open a Chase Total Checking account and set up direct deposit, Chase will give you a bonus. Chase is just doing what they always do, which is to offer excellent deals to attract new customers.
Also, its mobile banking app is among the best in the industry. Chase's mobile app is widely regarded as among the best in the industry because of the convenience it provides to users while they're on the go.
In addition, Chase's credit cards are widely considered to be among the company's most notable offerings. There is a wide variety of cards available, most of which offer signup bonuses and rewards at the higher end of the scale.
However, there is a catch: Chase has a wide variety of account fees that can be difficult to avoid. Before signing up for one of those, make sure you fully grasp how it functions.
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Bank 7 MidFirst
Financial institution MidFirst Bank, with its headquarters in Oklahoma City and FDIC insurance coverage, is privately owned. There are twenty branches and sixty automated teller machines (ATMs) throughout the state of Arizona, with the majority concentrated in and around the Phoenix metropolitan area.
MidFirst provides the convenience of a big bank with the friendly service of a local institution. It's also something of a hybrid bank, in that it offers both traditional and online-only accounts.
MidFirst's high annual percentage yields (APYs) are its primary selling point, as they are among the highest of any Arizona traditional bank. For instance, the annual percentage yield (APY) on a Freedom Money Market account can range from zero to one. Deposits receive a 20% bonus Better yet, it offers an eChecking account that can earn you zero percent in interest. 60%
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Count Wells Fargo as Number Eight
Wells Fargo has more physical locations than any other bank in the United States, with more than 4,700. There are 170 of them in Arizona, making them a great choice for anyone looking for local, in-person service and convenience.
Wells Fargo is a convenient banking option for everyone because of the wide range of accounts it offers to suit customers of all ages and income brackets. It also provides a comprehensive set of the best business bank accounts, with tiers tailored to meet the needs of businesses of all sizes.
Wells Fargo has fees and similarly low savings rates as other large banks, but its convenience is hard to beat.
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Nine. Arizona's National Bank
The National Bank of Arizona is headquartered in Phoenix and operates more than 55 branches and offices throughout the state. Zions Bancorporation, a bank and holding company that is a member of the FDIC, is the company's owner.
Five distinct checking accounts, two distinct savings accounts, and three distinct Money Market accounts are just some of the many financial services provided by National Bank of Arizona. CDs, credit cards, internet and mobile banking are all available.
The fees charged by National Bank of Arizona are similar to those charged by other conventional financial institutions. There is a monthly fee associated with each type of checking account; however, if you meet certain requirements, you can avoid paying the fee.
Overall, this is a great option if you want a full-service community bank but don't want to sacrifice on the number of branches or types of accounts offered.
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Alliance Bank of Arizona, Number Ten
Arizona-based Alliance Bank is a part of Western Alliance Bancorporation, an FDIC-insured institution. It's headquartered in Phoenix and has several satellite locations across major metropolitan areas in Arizona, such as Gilbert, Tucson, Mesa, Chandler, Flagstaff, and Scottsdale.
Alliance is primarily a commercial bank, though it does offer a number of personal deposit accounts. Small and large businesses alike will find the bank's selection of business checking, savings, money market, and certificate of deposit accounts to be extremely useful.
Alliance also provides traditional banking services, including full online and mobile banking, but it falls a little short. Those looking for a polished mobile experience should look elsewhere, as the app has received mostly negative reviews in both the App Store and the Google Play Store.
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- For more information, please stop by Western Alliance Bancorporation's website at WesternAllianceBancorporation.
Questions & Answers
Which is Arizona's premier financial institution?
It's all relative to your specific needs. The two banks with the most locations are Chase and Wells Fargo. The National Bank of Arizona and MidFirst are two excellent choices if you're looking for a local institution.
What makes a bank great for you is more important than where it's located. First, prioritize what it is that you need from a banking partner. Knowing your needs will make making a choice much simpler. If your current financial institution isn't meeting your needs, look elsewhere.
The number of financial institutions in Arizona.
It's estimated that Arizona is home to more than a hundred different banks. Of those, the above-mentioned banks (Chase, Wells Fargo, PNC, U S Most traditional storefronts (e.g., banks, grocery stores, and other retail establishments)
You don't have to restrict yourself to a local bank if you bank online because most of them are available nationwide. Free checking and savings accounts, overdraft protection, and higher savings rates are just some of the extras commonly offered by online banks.
Where can I find information about banks in Phoenix, Arizona?
Arizona's capital city of Phoenix is one of the country's largest, so you won't have any trouble opening a bank account there. In fact, Phoenix is home to more than seventy-five financial institutions, all of which are represented here.
All the banks in Phoenix, Arizona are listed here.
- The Academy Bank
- CU Aviation Credit Union
- The Credit Union of Alaska, USA
- The Credit Union of Alhambra
- Credit Union of American Airlines
- Banc of Arizona Trust
- Credit Union Central of Arizona
- Credit Union of Arizona
- Credit Union of Arizona
- This is a Bank of America (BoA) ATM.
- English Central Bank
- The Western Bank
- Bank One
- The Bankers Trust Co.
- Bank of Banners
- The Credit Union of Bashas Associates
- Founded in 1889, Bell State Bank & Trust is a pillar of the community
- Financial Institution: BMO Harris
- BNY Mellon
- Institutions BOK Financial
- The Credit Union of Canyon State
- Founded in 1889, Comerica Bank
- Bank of Compass
- Western Union Federal Credit Union
- DCU Credit Union, Serving the Greater Deer Valley Area
- A Financial Cooperative Serving the Desert Area
- Financial Institution for Business Success
- The Western Pennsylvania Agriculturalists and Merchants Bank
- The Credit Union of Farmers Insurance
- Initially, a Credit Union
- The Original Fidelity Bank
- The Original Worldwide Financial Institution
- Financial Institution Number One in Texas
- Bank of the West (First Western)
- The Credit Union of the Florida West Coast
- Banking on Glaciers
- A Goldwater Institution
- The Johnson Banking Company.
- Chase Bank
- Federal Reserve Bank Of Kansas City
- Lending Institution of the Legacy
- The Credit Union of Marisol
- Bank of Mayo Employees
- Located in the Meadows Bank
- The Bank of Greater Phoenix
- Bank of Mid-America
- Mutual of the Mountains Credit Union
- Federal Credit Union of the Navy
- Community Bank of New York
- The Bank of OneWest
- Institution of Preeminence in the Pacific
- Company, Parkway Bank And Trust
- First National Bank of Omaha
- The Republic Bank of Arizona
- Maritime Commercial Bank of the Seacoast
- The Shamrock Federal Cooperative Credit Union
- Financial Cooperative of the Sierras
- Credit Union of Southwest Airlines
- Arizona Health Care Federal Credit Union
- Sunflower Financial Institution
- Financial Cooperative of the SunWest
- Bank of Northen Trust
- The Credit Union of the West (TruWest)
- The U-Haul Federal Credit Union
- S Bank
- UMB Bank
- The United Methodist Church's Savings and Loan Association
- Credit Union of the West, Vantage
- United States Government, Washington
- The Wells Fargo Bank
- National Bank of West Valley
- Banco Western Alliance
- Bank of Wilmington
Tell me about the Tucson, Arizona, banking options.
When compared to Phoenix, Tucson is a major city, but it is not quite on par with Phoenix. Here, you'll find the same kinds of national and local options that you would in Phoenix.
See below for a comprehensive directory of Tucson financial institutions:
- In the Interest of the Academy Bank
- CU Employees of APC
- Bank of Central Arizona
- State of Arizona Credit Union
- It's the Bank of America (BoA)!
- The West Bank
- Banking Institution BMO Harris
- The Bank of Canyon Country
- Bank of Commerce of Arizona
- Banco Compasso
- Priority One Federal Credit Union
- The Original Texas First National Bank
- Bank & Trust for First Citizens
- Bank of Glaciers
- Superb Western Bank
- The Credit Union of Hughes
- Chase Bank
- ONE West BANK
- The Pacific Premier Banking Corporation
- Federal Cooperative of Pima County
- Credit Union Pyramid
- The SunWest Federal Credit Union
- Norther Trust Bank
- Federal Credit Union of Tucson
- The Credit Union of Old Pueblo of Tucson
- S Bank
- Credit Union of the West, Vantage
- Government of Washington
- Bank of Wells Fargo
- The Western Alliance Bank
- In the First National Bank of Zion
What Top Arizona Bank Should You Use?
Many different financial institutions serve the state of Arizona.
Though I've done my best to recommend some excellent options, ultimately it's up to you to determine which financial institution is best for you. It's possible that there's a neighborhood bank in your area that's ideal for you.
The next step is signing up with a bank, whether it be a local institution or a major one on a national scale. If you decide to go in person, bring sunglasses.Share: Feel free to forward this article to your Facebook friends! Facebook Tweet out this piece if you found it useful! Twitter Publish this piece on your LinkedIn LinkedIn Feel free to forward this piece via Whatsapp to your friends and family. Whatsapp Send this piece to a friend by email Email
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