You have a lot of options when it comes to business banking in Arizona. We’ve compared different small business banking providers and their bank accounts. This will help you make a strong banking decision for your small business’s financial needs. 🏦
We looked at national, regional, and online banking platforms (no credit unions) to find the best banks for Arizona businesses.
Every bank we compared was FDIC-insured and offered a basic business checking account. You can create an account either online or in person. Most banks listed offer other financial services. These include lending services and credit cards. 💳
Best banks for small businesses in Arizona:
Relay: Best for cash flow management
🏆Verdict: Relay stands out as a business banking platform for small business owners. It is great for those aiming to enhance cash flow and save money. It has a top-rated business account.
Relay’s modern business bank accounts cater to entrepreneurs seeking cost-efficiency and interest earnings on surplus funds. Features such as Profit First and accounting integrations further enhance its appeal.
Banking Built for Business Owners
No account fees or minimums; 20 checking accounts; 2 savings accounts with 1.00%-3.00% APY; 50 virtual + physical debit cards. Open account 100% online.
Learn more
Banking features
Relay is a fee-free online banking and money management platform designed for small business owners.
Relay checking accounts come with no monthly maintenance fees. This includes no overdraft fees and no minimum balances. There is also no monthly service fee or opening cash deposit fee.
With Relay, you can open up to 20 individual checking accounts and 2 savings accounts for free. This includes up to 50 physical or virtual Visa® debit cards for your whole team. You can automatically transfer idle funds into your savings accounts to earn between 1-3% APY1 interest rates on your extra cash.
Relay offers Relay Pro which provides additional features. These features include same-day ACH transfers and seamless accounts payable integration. Integrations include accounting platforms such as Quickbooks, Xero, and Gusto.
Banking feature | Details |
Account Fees | $0 |
Minimum Balances | $0 |
Checking Accounts | Up to 20 |
Savings Accounts | None |
Money Movement | Unlimited transactions Free ACH and check deposits Domestic outgoing wires: $5 International outgoing wires: $10 Or with Relay Pro for $30/month: Unlimited outgoing domestic and international wires Same-day ACH transfers |
Cards | Up to 50 free virtual or physical debit card Mastercards |
Financing | None available |
Customer Service | Dedicated customer service via email, chat, or phone |
4.5/5 |
Chase: Best for a large branch network
🏆Verdict: Chase Bank is a great choice if you’re looking for a traditional brick-and-mortar bank with reliable branch access. It has hundreds of branch locations and thousands of Chase ATMs nationwide. This is similar to its competitors Bank of America and Capital One.
Chase offers more than just business bank accounts. You can choose from a wide selection of other financial products and services, including business credit cards.
Banking features
Chase Bank is one of the largest traditional U.S. banks. Chase is a major player in both personal and business banking. Chase has a full menu of financial products and services. It also has a broad selection of credit cards and an outstanding mobile app.
Banking feature | Details |
Account Fees | $15 monthly fee |
Minimum Balances | As low as $2000 |
Checking Accounts | 1 checking account |
Savings Accounts | 1 savings account |
Money Movement | Unlimited debit card purchases and no ATM fees ACH: $25 per month for up to 25 payments Checks: $4 check fee Domestic outgoing wires: $25 to $35 International outgoing wires: $40 |
Cards | Debit cards and credit cards are available |
Financing | Various financing options available, including lines of credit, small business loans, and commercial real estate financing |
Customer Service | Branch or online customer service via phone or email |
4.2/5 |
CrossFirst Bank: Best for simplifying the banking process
🏆Verdict: CrossFirst Bank is best for those looking for simplified banking with several basic features. You can open checking accounts, savings accounts, and lines of credit with CrossFirst Bank. They also offer a mobile app for digital banking.
Banking features
CrossFirst Bank has locations in several states. This includes two locations in Arizona. This bank offers multiple types of business checking accounts, depending on the size of your business.
Banking feature | Details |
Account Fees | $10-$20 |
Minimum Balances | $500-$10,000 |
Checking Accounts | 1 checking account |
Savings Accounts | 1 savings account |
Money Movement | Business online banking Same-day ACH services Wire transfers Remote deposit capture |
Cards | 1 debit card |
Financing | Offers lines of credit and SBA loans to businesses |
Customer Service | Contact by phone, contact form, or in person at a branch |
Google Reviews | 4.9/5 Stars |
BOK Financial: Best for well-informed banking
🏆Verdict: BOK Financial offers exceptional customer support and articles detailing resources and financial market changes. Customers have access to business checking and business savings accounts. Those who need business lending also have several options with BOK Financial.
Banking features
BOK Financial is a great option for customers who prefer to be hands-on with their banking. You’ll have plenty of resources to manage your money at your fingertips. There are also several ways to contact your banking representatives if you need help with your account.
Banking feature | Details |
Account Fees | $0 for Business Access account |
Minimum Balances | $0 for Business Access account |
Checking Accounts | 1 checking account |
Savings Accounts | 1 savings account |
Money Movement | Free Online and mobile access Free Bill Pay transactions Domestic and international wire availability (price dependent on account) |
Cards | 1 business debit card |
Financing | Offers credit cards/lines of credit and SBA loans |
Customer Service | In-person at a branch or contact by phone |
2.9/5 |
Republic Bank of Arizona: Best for personalized community banking
🏆Verdict: Republic Bank of Arizona allows you to know your banker and support your local Arizona community. Getting to know your banker allows for personalized service. This bank offers business checking and lending services. It also has savings accounts to make your money grow.
Banking features
Republic Bank of Arizona is a locally-owned community business bank. They focus on the greater Phoenix area and specialize in making sure the banking experience is smooth for all clients. They have local leadership and localized decision-making.
Banking feature | Details |
Account Fees | $12-$15 |
Minimum Balances | $1,000-$2,500 ($100 to open account) |
Checking Accounts | 1 checking account |
Savings Accounts | 1 savings account |
Money Movement | Free Online Banking & Bill Pay Remote deposit capture 150+ free transactions (depending on account) |
Cards | 1 debit card |
Financing | Credit cards, business loans, and SBA loans offered |
Customer Service | Visit in person or inquire by phone or online form |
4.2/5 |
Alliance Bank of Arizona: Best for industry expertise
🏆Verdict: Alliance Bank of Arizona offers industry-specific advice for various industries. These industries range from hospitality to healthcare. This bank has lending in addition to business checking and business savings accounts.
Banking features
Alliance Bank of Arizona would be a great choice for a business owner who needs an industry-specific banking solution. They offer multiple types of business checking accounts for differently-sized businesses.
Banking feature | Details |
Account Fees | $16 |
Minimum Balances | $2,500 ($100 opening deposit) |
Checking Accounts | 1 checking account |
Savings Accounts | 1 savings account |
Money Movement | Free Online Banking, Bill Pay, and eStatements 200 free transactions/items during the statement cycle |
Cards | 1+ debit/ATM cards |
Financing | Offers credit cards, business loans, and asset-based lending |
Customer Service | Contact via phone, email, or in-person at headquarters; can also connect with a banker |
3.0/5 |
BMO Harris Bank: Best for location flexibility
🏆Verdict: BMO Harris Bank offers access to over 40,000 ATMs nationwide and has many physical branches in Arizona. Their mobile banking app provides a snapshot of all accounts at once. They also offer personalized support with their online chat.
Banking features
If you find yourself on the move as a business owner in Arizona, BMO Harris Bank would be a great choice for your banking solution. This bank is fee-free with several available banking features. This bank is transparent about rarer fees that you may face.
Banking feature | Details |
Account Fees | $0 |
Minimum Balances | $0 ($25 opening deposit) |
Checking Accounts | 1 checking account |
Savings Accounts | 1 savings account |
Money Movement | 40,000+ ATM access across the US Unlimited free transactions Mobile check deposit Zelle availability Digital Bill Pay |
Cards | 1 debit card |
Financing | Multiple credit cards available |
Customer Service | Online chat, by phone, or in-branch |
1.7/5 |
Flagstar Bank: Best for traditional banking
🏆Verdict: Flagstar Bank offers a mobile app but specializes in traditional brick-and-mortar banking. You cannot open a business account with Flagstar Bank online. Flagstar Bank has multiple types of business checking accounts for differently-sized businesses.
Banking features
If in-person branch visits work for you, then Flagstar Bank is a great option. This bank provides access to thousands of ATMs nationwide. It also offers waivable account fees and low-to-no minimum balances.
Banking feature | Details |
Account Fees | $0 |
Minimum Balances | $0 ($100 opening deposit) |
Checking Accounts | Up to 4 free checking accounts |
Savings Accounts | 1 savings account |
Money Movement | 56,000+ Flagstar ATMs Unlimited check writing 200 free transactions per month Treasury management |
Cards | 1 debit card |
Financing | Offers business loans and lines of credit |
Customer Service | Visit in person, by phone, or with the online form |
Google Reviews | 1.3/5 |
MidFirst Bank: Best for a variety of banking options
🏆Verdict: MidFirst Bank offers over half a dozen business checking account types. They also have options for business savings and business investing. You have options for business lending at MidFirst Bank in addition to its other services.
Banking features
MidFirst Bank offers dozens of options for banking solutions. These options are incredibly varied and each option has its benefits. There are also no minimum balances or account fees for certain business checking accounts.
Banking feature | Details |
Account Fees | $0 |
Minimum Balances | $0 |
Checking Accounts | 1 checking account |
Savings Accounts | Number of accounts offered |
Money Movement | 100+ MidFirst Bank ATMs Free online and mobile banking Free Bill Pay (up to 10 monthly) |
Cards | 1 debit card |
Financing | Express lending, lines of credit, term loans, and SBA loans offered |
Customer Service | Contact via in-branch, by appointment, or by phone |
2.2/5 |
1st Bank Yuma: Best for local banking
🏆Verdict: 1st Bank Yuma is an Arizona bank that offers multiple services. It’s best for business owners who want to keep their banking solution at a state-specific bank. This bank also has multiple options to earn interest on bank funds, even with checking accounts.
Banking features
1st Bank Yuma would be a great option if you’re a local business owner who wants to support the local economy and make interest on their funds. Earn interest with higher minimum balances in various business checking or savings accounts.
Banking feature | Details |
Account Fees | $5-$12 |
Minimum Balances | $0-$1,500 ($100-$1,000 opening deposit) |
Checking Accounts | 1 checking account |
Savings Accounts | 1 savings account (checking accounts have interest options as well) |
Money Movement | Free online banking Bill Pay available Incoming and outgoing wires $15-$45 depending on wire type |
Cards | 1 debit card |
Financing | Offers credit cards and business loans |
Customer Service | In-person at a branch, by phone, or via an online form |
2.3/5 |
National Bank of Arizona: Best for easy switching
🏆Verdict: National Bank of Arizona offers banking services designed to help you grow. Additionally, they offer a Business Switch Kit that helps businesses make the switch to the National Bank of Arizona. This bank is a community bank and offers online and mobile banking.
Banking features
National Bank of Arizona has provided excellent customer service for its over 40 years of existence. They provide several different resources in addition to their banking services. They have a Small Business Diversity Banking program to promote diversity in banking.
Banking feature | Details |
Account Fees | $8-$25 |
Minimum Balances | $1,000-$10,000 ($50 opening deposit) |
Checking Accounts | 1 checking account |
Savings Accounts | 1 savings account |
Money Movement | Wire transfer services Online and mobile banking Mobile check deposit |
Cards | 1 debit card |
Financing | Offers business term loans, SBA loans, and credit cards/lines of credit |
Customer Service | By phone or in person at a branch |
1.7/5 |
Final verdict: What’s the best bank for small businesses in Arizona?
We reviewed 11 of the top banks for small businesses in Arizona. Each bank offers unique benefits and features. Which banking solution is the best for your business?
The answer ultimately depends on your business’s specific needs and preferences. If you’re looking for convenient digital banking without pesky fees, Relay would be a great choice for you! 💚
The best part? You can apply for a Relay account in minutes online. You don’t have to go in person to a branch.
Banking Built for Business Owners
No account fees or minimums; 20 checking accounts; 2 savings accounts with 1.00%-3.00% APY; 50 virtual + physical debit cards. Open account 100% online.
Learn moreRelay is banking built for small business owners. If you need more support and features in your banking solution to secure your business’s finances, sign up for Relay today.
Want to explore more options for your business bank account? Compare Relay with traditional national banks like Wells Fargo, Chase, and Bank of America.
