Sections of this topic
In evaluating business banking options, I analyzed a wide range of financial institutions and identified the 10 best banks for small businesses in Arizona. These banks offer solid business checking accounts, competitive deposit features, merchant services, and helpful software integrations. Many also operate physical branches in key Arizona cities like Phoenix, Tucson, Mesa, and Scottsdale, providing easy access to in-person support.
To ensure a comprehensive list, I also included several financial technology companies (Fintechs) for business owners who prefer a fully digital banking experience. These platforms offer modern features, low or no fees, and powerful tools designed for managing business finances online.
While the focus was on banks with a strong presence in Arizona, I also considered national banks and Fintech providers that offer dependable, flexible business banking solutions across the U.S., bringing both innovation and accessibility to businesses throughout the state.
>> Open a Bluevine Account for Your Small Business >>
10 Best Banks for Small Businesses in Arizona
- Bluevine – Best Bank for Small Businesses in Arizona
- Lili – Best for Freelancers & Solopreneurs
- Novo – Best for Integrations & Invoicing
- Grasshopper – Best Bank for Digital Transactions
- nbkc bank – Best for Cash Deposits
- Chase Business Banking – Best for Sign-On Bonus
- Found – Best Bank for Customer Service
- Mercury – Best for Online Banking
- Live Oak – Best Bank for SBA Loans
- Wise Business – Best for International Payments
Best Banks for Small Businesses in Arizona (2025)
| Bank | Arizona Ranking Title | Why It Works Well in Arizona (Original Wording) | Free Monthly Transactions | Free Monthly Cash Deposit Limit |
| Bluevine | Best All-Purpose Business Bank in Arizona | Bluevine combines strong APY, sub-accounts, and no monthly fees — ideal for digital-focused Arizona businesses. | Unlimited (online) | No built-in option; Green Dot/Allpoint accepted (with fee) |
| Lili | Best Choice for Independent Contractors | With built-in expense tracking and cashback debit (on paid plans), Lili is perfect for Arizona’s growing freelancer economy. | Unlimited (digital) | None — cash via retail partners only (fees apply) |
| Novo | Best for Billing & Payment Simplicity | Offers built-in invoicing, digital budget “Reserves,” and seamless Stripe/Square integration — great for creative and service-based pros. | Unlimited ACH & debit | No support for cash deposits |
| Grasshopper | Best Fintech for Arizona Startups | Excellent for new tech ventures — includes tools for bill pay, bookkeeping, and business insights, all online. | Unlimited (digital) | No option for cash handling |
| nbkc bank | Best No-Fee Business Account | Reliable for Arizona businesses that want a straightforward, no-fee setup with unlimited usage and free wires. | Unlimited | Allowed via ATM networks; no exact cap published |
| Chase Business Banking | Best for Cash-Based & In-Person Business | With a solid branch presence in Phoenix, Tucson, and beyond, Chase supports brick-and-mortar operations needing physical cash services. | 20 free per month | $5,000/mo, then $2.50 per $1,000 |
| Found | Best for One-Person Enterprises | A great pick for solo owners, Found includes built-in tax tools, expense categorization, and no monthly fees. | Unlimited (digital only) | None — doesn’t allow cash deposits |
| Mercury | Best for Tech Teams & Remote Startups | Mercury is tailored to tech-focused Arizona businesses — supports multi-user access, free wire transfers, and account controls. | Unlimited ACH & checks | Not designed for cash deposits |
| Live Oak Bank | Best SBA Lending & Business Savings | Known nationally for SBA loans, Live Oak is great for Arizona firms seeking growth capital and high-yield savings. | Not meant for daily use | No cash deposit feature |
| Wise Business Banking | Best for Cross-Border Business | For Arizona companies working with Mexico or global clients, Wise offers fast, low-cost international transfers and multi-currency accounts. | Unlimited digital | No cash deposit support |
Bluevine – Best Overall Bank for Small Businesses in Arizona
Bluevine ranks as one of the best online business banking options for Arizona entrepreneurs, combining high-yield checking, no-fee banking, and access to business credit, all in a digital-first package. Designed for modern small businesses, Bluevine helps business owners across Arizona manage and grow their finances without relying on physical branches.
Pros
- Earn up to 3.7% APY on balances up to $3 million with Bluevine Premier
- No monthly fees or minimum opening deposit for standard business checking
- Create up to 5 free sub-accounts to better organize funds
- Unlimited fee-free ACH transfers, debit usage, and internal transfers
- Access to flexible business lines of credit (for eligible businesses)
Cons
- No physical branches, digital-only customer support
- Cash deposits only through Green Dot or Allpoint+ ATMs, with third-party fees
- No ATM reimbursements or built-in Zelle support
- Sub-accounts (Reserve) don’t earn interest
Features
- High-yield checking: Earn 1.5% APY (standard) or 3.0–3.7% with Premier
- Sub-accounts: Open up to 5, each with unique account/routing numbers
- Bill pay & ACH tools: Easily schedule vendor or contractor payments
- Cash deposits: Supported via Green Dot retail network (fees apply)
- Mobile banking: Manage funds, view balances, and pay bills on the go
- Accounting integrations: Connects with QuickBooks, Xero, and Plaid
- Live support: Available via chat and phone during business hours
- Additional tools: Line of credit access, Premier perks, card management
Mobile Banking App Reviews
Bluevine earns 4.4 stars on the App Store and 4.2 on Google Play. Arizona users praise its quick setup, simple sub-account tools, and interest-earning potential. Some report occasional delays in mobile check deposits and fees tied to third-party ATMs.
Is Bluevine Right for You?
- You want high interest on checking balances with a fee-free banking model
- You manage income streams that benefit from sub-account organization
- You prefer managing your finances entirely online
- You want access to credit without traditional bank hurdles
Bluevine is ideal for Arizona-based freelancers, startups, and remote teams looking for a modern, flexible, and interest-bearing checking solution, with no monthly maintenance fees.
>> Bluevine: Trusted by 750K+ Businesses >>
Lili – Best Bank for Freelancers & Solopreneurs in Arizona
Lili is a mobile-first banking solution built specifically for freelancers, independent contractors, and gig workers in Arizona. With its focus on automated tax tools, expense tracking, and simple invoicing, Lili helps solopreneurs manage their business finances, all from one intuitive app.
Pros
- No monthly fees or minimum balance requirements with the basic account
- Automatic expense categorization and built-in tax savings features
- Send invoices directly through the mobile app
- Early direct deposit access, get paid up to 2 days early
- Real-time alerts, mobile check deposit, and easy account insights
- Free access to 38,000+ MoneyPass ATMs
- FDIC-insured via partner bank
Cons
- No physical branches or in-person banking
- Cash deposits only via Green Dot retailers (fees apply)
- No budgeting sub-accounts or team access
- Limited compatibility with external accounting software
- Interest is only available with paid plans like Lili Pro
Features
- Business Checking: No fees, overdrafts, or minimums
- Tax Tools: Smart expense tagging, savings buckets, and auto-estimates
- Invoicing: Generate and track invoices in-app
- Mobile Banking: Easy transfers, deposits, and expense management
- Early Pay: Get paid faster via direct deposit
- Premium Plans: Lili Pro offers up to 4.15% APY, cash back, and insights
Mobile Banking App Reviews
Lili receives 4.7 stars on the App Store and 4.4 stars on Google Play. Freelancers and gig workers across Arizona value its intuitive interface, tax features, and early pay benefits. A few mention limited accounting integrations and cash deposit fees as minor drawbacks.
Is Lili Right for You?
- You’re an Arizona freelancer or solo entrepreneur who prefers banking on mobile
- You want tools for tax tracking, savings, and invoicing all in one place
- You don’t want to deal with monthly fees or credit checks
- You rarely use physical branches and don’t rely on cash deposits
Lili is a top pick for Arizona-based creatives, consultants, and contractors looking to simplify business finances through a mobile-first, all-in-one platform.
>> Start Banking Smarter With Lili >>
Novo – Best for Streamlined Business Banking & Integrations in Arizona
Novo is a top-rated online business banking platform designed for freelancers, entrepreneurs, and small business owners who prioritize speed, simplicity, and integrations. With no monthly fees, fast account setup, and strong budgeting tools, Novo is a great fit for Arizona-based businesses operating online and looking for automation.
Pros
- No monthly fees or minimum balance requirements
- Fast, fully digital account setup (often within minutes)
- Free incoming and outgoing ACH transfers, mailed checks, and incoming wires
- Extensive integration support: QuickBooks, Stripe, Shopify, Square, Zapier, and more
- Allocate funds into up to 20 budget “pockets” for expense planning
- Refunds all ATM fees worldwide
- Real-time transaction tracking and app-based controls
Cons
- No physical branches, entirely online
- No option to deposit cash directly (must use workarounds like money orders)
- Doesn’t offer interest on balances
- No built-in lending or credit products
- Limited check deposit functionality (mobile-only and occasional delays)
Features
- Business Checking – No monthly fees, minimums, or hidden charges
- Novo Reserves – Set aside funds in up to 20 customizable buckets for taxes, savings, or projects
- Invoice & Payment Tools – Send invoices and accept ACH, card, or Stripe payments
- ATM Reimbursements – Unlimited fee refunds on ATM withdrawals worldwide
- App Control – Instantly freeze/unfreeze your card, transfer funds, or track spending
- Integrations – Connects with QuickBooks, Stripe, Slack, Square, Etsy, Zapier, and more
Mobile Banking App Reviews
Novo’s app is rated 4.7 stars on the App Store and 4.6 stars on Google Play. Users love the clean design, fast onboarding, and smooth integrations. Some note delays with mobile check deposits.
Is Novo Right for You?
- You operate a fully digital business in Arizona and don’t need cash deposits or branch access
- You want simple, no-fee banking with automated budgeting and invoicing
- You rely on business tools like QuickBooks or Stripe for daily operations
- You don’t need interest-earning accounts or business lending products
Novo is a smart choice for Arizona-based freelancers, e-commerce sellers, and consultants who prefer a modern, digital-first banking experience with minimal friction.
>> Simplify Your Business Finances With Novo >>
Grasshopper – Best for Digital-First Businesses & Tech Startups in Arizona
Grasshopper Bank is a fully digital, FDIC-insured bank built for startups, solopreneurs, and modern agencies. With high-yield checking, cashback rewards, and fee-free digital services, Grasshopper is ideal for Arizona entrepreneurs seeking a scalable, tech-enabled banking platform.
Pros
- Earn up to 2.25% APY on balances up to $250,000
- No monthly fees or minimum balance requirements
- Unlimited fee-free ACH transfers, payments, and incoming wires
- Unlimited virtual and physical debit cards
- Up to 1% cashback on debit purchases with qualifying activity
- Integrates with QuickBooks, Gusto, Plaid, and more
- Built-in invoicing and payment tools
- Tailored for startups, freelancers, and digital-first founders
Cons
- No physical branches or in-person support
- No support for cash deposits
- No mobile check deposit support currently
- No business loans or credit lines
Features
- High-Yield Checking – Earn up to 2.25% APY with no balance tiers
- Founder-Friendly Interface – Modern dashboard designed for ease of use
- Unlimited Debit Cards – Issue team cards with spending controls
- Cashback Rewards – Earn up to 1% on eligible business spending
- Bill Pay & Invoicing – Manage outgoing payments and invoice clients in-app
- Integrations – Connect with QuickBooks, Gusto, Plaid, and other platforms
Mobile Banking App Reviews
Grasshopper’s app holds 4.6 stars on the App Store and 4.5 on Google Play. Users love the clean experience and founder-friendly features, though some mention the lack of mobile check deposits.
Is Grasshopper Right for You?
- You run a digital-first business in Arizona and don’t require physical banking
- You want interest on checking balances and cashback on purchases
- You value smart tools for expense management and payment tracking
- You don’t need loans or cash-handling capabilities
Grasshopper is a great fit for Arizona startups, remote teams, and digital entrepreneurs looking for modern banking without the overhead of a traditional branch model.
>> Start Banking Smarter With Grasshopper >>
nbkc bank – Best for Low-Fee Banking With Hybrid Access in Arizona
nbkc bank (National Bank of Kansas City) offers the simplicity of online banking with the reliability of a traditional financial institution. Although it doesn’t have branches in Arizona, it’s a strong option for small businesses across the state thanks to its no-fee structure, wide ATM access, and strong customer service.
Pros
- No monthly maintenance fees or minimum balance requirements
- Free incoming wires, ACH transfers, and bill pay
- Access to over 37,000 fee-free ATMs via the MoneyPass network
- Supports cash deposits through compatible ATMs
- Integrates with QuickBooks and Autobooks for invoicing and accounting
- Live customer support via phone, chat, or email
- Offers business savings and CDs besides checking
Cons
- Only one physical branch (Kansas City, MO)
- No APY on standard business checking accounts
- Cash deposits require ATM access, and no retail deposit partners
- Fewer advanced digital features than newer Fintech banks
Features
- Business Checking – No monthly fees, overdrafts, or minimums
- Savings Options – Business money market and CDs available
- ATM Access – Use 37,000+ MoneyPass ATMs across the U.S.
- Invoicing Tools – Use Autobooks for built-in billing and payments
- Mobile & Online Banking – Clean and simple digital interface
- Integrations – Compatible with QuickBooks, Plaid, Autobooks, and more
- Customer Support – U.S.-based, multi-channel support
Mobile Banking App Reviews
NBKC’s app holds a 4.6-star rating on the App Store and 4.5 on Google Play. Users praise its stability, fee-free setup, and responsive service, though it’s slightly behind Fintechs in innovation.
Is NBKC Right for You?
- You want reliable, no-fee banking without complexity
- You prefer digital banking with strong customer support
- You need invoicing tools and ATM access across Arizona
- You don’t require local branches or APY on checking
nbkc bank is a strong option for Arizona business owners who want simple, affordable banking with traditional service values, even if it’s entirely online.
>> Start Banking Smarter With nbkc bank >>
Chase Business Banking – Best for Arizona Businesses Needing Full-Service & Branch Access
Chase Business Banking brings the size, trust, and versatility of a national brand to small business owners across Arizona. With a wide branch and ATM presence throughout cities like Phoenix, Tucson, Mesa, and Scottsdale, Chase offers everything from daily business banking to credit solutions, merchant services, and lending, making it a top pick for those who value both digital and in-person support.
Pros
- Access to 4,700+ branches and 15,000+ ATMs nationwide, with strong coverage in Arizona
- Multiple business checking tiers tailored to transaction volume and account balances
- Built-in Chase QuickAccept® for accepting card payments on the go
- Zelle® for Business for quick vendor and client transfers
- Full suite of business lending options, including SBA loans and credit lines
- Integrates with accounting software like QuickBooks and Xero
- Advanced fraud protection and account security tools
Cons
- Monthly maintenance fees ($15–$95) unless waived by balance or transaction activity
- Standard business checking accounts don’t earn interest
- Transaction limits on lower-tier accounts (e.g., 20–100 free per month)
- Cash deposit limits, unless using a higher-tier plan
- The mobile app can feel complex for first-time business users
Features
- Business Checking – Choose from Complete, Performance, or Platinum based on your needs
- Merchant Services – Accept card payments via QuickAccept® with same-day deposits
- Zelle® for Business – Send and receive payments securely
- Mobile Banking – Full-featured app for deposits, bill pay, and monitoring
- Lending – Apply for SBA loans, equipment financing, and lines of credit
- Accounting Integrations – Compatible with QuickBooks, Xero, and more
- Support – In-branch help, 24/7 phone support, and dedicated business specialists
Mobile Banking App Reviews
Chase’s mobile app is rated 4.8 on the App Store and 4.4 on Google Play. Users like its robust functionality, though new business users may need time to learn all its features.
Is Chase Right for You?
- You run a business in Arizona and need physical branch or ATM access
- You accept in-person payments or frequently handle cash
- You want a comprehensive, full-service bank with lending and merchant tools
- You’re able to meet account balance or transaction requirements to waive fees
Chase is an excellent option for Arizona business owners who want a dependable bank with both digital and local support, especially those managing cash, teams, or physical operations.
>> Start Banking Smarter With Chase Business >>
Found – Best for Freelancers & Sole Proprietors in Arizona
Found is a mobile-first banking platform built specifically for freelancers, gig workers, and sole proprietors in Arizona. With no monthly fees and tools built into the app, like expense tracking, invoicing, and tax savings, Found simplifies financial management for self-employed individuals who want everything in one place.
Pros
- No monthly fees, overdrafts, or minimum balance minimums
- Auto-categorization of business expenses for tax purposes
- Built-in tax estimates and automatic savings suggestions
- Create and manage invoices directly within the app
- Early access to direct deposits (up to 2 days early)
- Fee-free access to 40,000+ Allpoint ATMs nationwide
- Receive payments via ACH, card, or check
- FDIC-insured through Piermont Bank
Cons
- Not suitable for multi-member LLCs or incorporated businesses
- No sub-accounts or shared user access
- Limited integrations with external accounting platforms
- Doesn’t offer interest on checking or savings balances
- No support for cash deposits
Features
- Mobile Banking – App-based business checking with real-time alerts
- Tax Tools – Estimate quarterly taxes, tag expenses, and auto-save
- Invoicing – Create, send, and track client invoices in-app
- Card Management – Freeze cards, manage receipts, and monitor activity
- Financial Reports – Access profit & loss summaries and tax-ready documents
Mobile Banking App Reviews
Found earns 4.8 stars on the App Store and 4.6 stars on Google Play. Arizona users praise the simple interface, tax-readiness tools, and overall convenience. Some users mention the lack of cash deposit options as a downside.
Is Found Right for You?
- You’re a freelancer, 1099 contractor, or sole proprietor in Arizona
- You want a no-fee, app-based banking solution with built-in tax tools
- You don’t need to deposit cash or access physical branches
- You prefer all-in-one money management that’s mobile-friendly
Found is a brilliant choice for Arizona’s growing community of remote workers, creatives, and gig economy pros who need smart, intuitive banking without the burden of traditional fees or paperwork.
>> Manage Your Business Easily With Found >>
Mercury – Best for Arizona Startups & Tech-Driven Businesses
Mercury is a sleek, digital-only banking platform designed for startups, SaaS companies, and fast-growing online businesses. With no fees, customizable controls, and access to high-yield cash management through Mercury Treasury, it’s a perfect fit for Arizona’s tech-forward entrepreneurs.
Pros
- No monthly fees, overdrafts, or balance requirements
- Includes both digital checking and savings accounts
- Earn up to 5.45% APY through Mercury Treasury (separate program)
- Create sub-accounts for budgeting, payroll, or specific projects
- Virtual and physical debit cards with team-level controls
- Multi-user support with customizable access roles
- Integrates with tools like QuickBooks, Xero, Zapier, and Plaid
- Access to startup perks, investor connections, and Mercury Raise
- FDIC-insured through partner banks (Evolve Bank & Choice Financial)
Cons
- No option to deposit cash
- Interest not earned on regular balances, Treasury required
- International wire transfers may include fees
- Not suitable for check-based businesses or those needing physical banking
Features
- Digital Checking & Savings – Modern dashboard with intuitive design
- Mercury Treasury – Automate investing idle cash for high-yield returns
- Sub-Accounts & Rules – Segment funds and automate cash flow
- Team Permissions – Custom access for founders, bookkeepers, and staff
- API Access – Build financial workflows or automate reporting
- Global Payments – Send and receive international wires with ease
- Integrations – Sync with accounting, payroll, and finance apps
Mobile Banking App Reviews
Mercury scores 4.4 on the App Store and 4.2 on Google Play. Users like the clean interface and fast onboarding, though some note that the mobile app lacks some features found on the desktop version.
Is Mercury Right for You?
- You run a startup, SaaS, or digital business in Arizona
- You want advanced features like API access, sub-accounts, and automation
- You don’t deal with cash or require branch access
- You’re looking to maximize returns on idle funds with Mercury Treasury
Mercury is a top choice for Arizona entrepreneurs who want to build and scale using smart financial infrastructure. If you’re looking for a bank that moves as fast as your business, Mercury delivers the tools and flexibility you need.
>> Start Banking Smarter With Mercury >>
Live Oak Bank – Best for High-Yield Savings & SBA Loans in Arizona
Live Oak Bank is a digital-only, FDIC-insured institution that specializes in high-yield savings accounts and SBA loans. It’s a smart choice for Arizona-based businesses with significant cash reserves or long-term funding needs. While it doesn’t offer everyday banking services like checking or debit cards, Live Oak excels at helping businesses grow savings and access structured financing.
Pros
- Earn up to 4.00% APY on business savings
- No monthly fees or minimum balance requirements
- One of the top SBA lenders for 7(a), 504, and USDA loans
- Fully digital application and funding process
- Competitive rates on business CDs
- Access to industry-specific lending professionals
- FDIC-insured through Live Oak Bank
Cons
- No checking account or tools for daily banking
- No branch access or support for cash/check deposits
- No debit card or mobile check deposit features
- Lacks accounting software integrations
Features
- High-Yield Business Savings – Earn up to 4.00% APY with no fees or balance minimums
- Business CDs – Lock in higher rates for long-term savings goals
- SBA & USDA Lending – Ideal for expansions, equipment purchases, and refinancing
- Digital Onboarding – Open and manage accounts 100% online
- Dedicated Loan Advisors – Industry-focused guidance tailored to your sector
- Mobile Dashboard – Monitor balances and manage loan accounts easily
Mobile Banking App Reviews
Live Oak’s app scores 4.7 stars on the App Store and 4.5 on Google Play. Arizona users note its easy navigation and straightforward lending process, though some would prefer broader banking features.
Is Live Oak Right for You?
- You want to maximize savings with one of the best business APYs available
- You’re applying for an SBA loan or need long-term financing
- You already have another account for everyday business transactions
- You prefer a fully digital, no-branch-needed experience
Live Oak Bank is best used as a secondary financial solution for Arizona business owners who want to grow idle funds and access strategic lending, not for handling daily transactions.
>> Start Banking Smarter With Live Oak Bank >>
Wise Business – Best for International Payments & Global Reach in Arizona
Wise Business (formerly TransferWise) is a go-to platform for Arizona businesses that operate globally. Whether you’re a freelancer in Phoenix, an e-commerce seller in Scottsdale, or a remote-first team based in Tucson, Wise offers simple, transparent international banking with multi-currency support, without the typical fees of traditional banks.
Pros
- Hold and convert 40+ currencies at real exchange rates
- Receive local bank details in the U.S., UK, EU, Australia, and more
- International transfers up to 6–8x cheaper than traditional banks
- No monthly maintenance fees or minimums
- Send invoices and receive payments globally
- Works with QuickBooks, Xero, and other accounting platforms
- A debit card is available for international business spending
Cons
- Not a traditional U.S. bank—no FDIC insurance
- No support for check or cash deposits
- Doesn’t offer lending products
- No mobile check deposit or interest-bearing accounts
- Customer service is primarily via email
Features
- Multi-Currency Account – Store, send, and receive funds in 40+ currencies
- Local Account Numbers – Receive payments as if you had a bank account in other countries
- Borderless Debit Card – Make international purchases at low FX rates
- Transparent Transfers – View exchange rates and fees upfront
- Invoicing Tools – Bill clients in foreign currencies with built-in tracking
- Integrations – Compatible with QuickBooks, Xero, and more
Mobile Banking App Reviews
Wise is rated 4.7 stars on the App Store and 4.6 on Google Play. Arizona users value the fast international transfers, clear fees, and multi-currency access, though some wish customer support were more responsive.
Is Wise Business Right for You?
- You regularly send or receive international payments
- You work with overseas vendors, contractors, or clients
- You don’t need cash deposits or access to a physical bank
- You’re a freelancer, consultant, or global small business in Arizona
Wise Business is an ideal solution for Arizona companies involved in cross-border transactions. While it’s not a full-service bank, it’s unmatched when it comes to efficient, affordable international money management.
>> Start Banking Smarter With Wise >>
Methodology: How I Chose the Best Banks for Small Businesses in Arizona
To create this list, I focused on what matters to small business owners in Arizona, from Phoenix to Flagstaff and beyond. Here’s what I looked for:
- Flexible Business Lending: I prioritized banks that offer SBA loans, lines of credit, and working capital, especially for startups and seasonal businesses. Fast approvals and transparent terms were key.
- Low or No Fees: I looked for banks with no monthly fees, affordable ACH/wire costs, and clear fee structures. Extra points went to accounts that waive fees with simple balance or usage requirements.
- Support for Cash Deposits: Many businesses in retail, food service, and trades still handle cash. I included banks that offer ATM cash deposits or retail network access (like Green Dot or Allpoint+) with minimal fees.
- Strong Mobile & Online Access: Whether you’re running a business from home in Sedona or traveling across the state, I focused on banks with top-rated apps, responsive dashboards, and seamless digital tools.
- Easy Account Setup: Opening a business bank account shouldn’t take days of paperwork. I favored platforms with fully digital sign-up processes and intuitive interfaces.
- No High Minimums: I preferred accounts with low or no opening deposit and balance requirements, so that freelancers, side hustlers, and new startups can get started with ease.
- Positive Customer Feedback: I factored in user reviews from the App Store, Google Play, and Trustpilot to understand real-world experiences with customer service, app performance, and usability.
- Earn While You Bank: I gave extra credit to accounts offering interest on balances (APY), especially Fintechs like Bluevine or Grasshopper offering up to 4%.
- Integration with Business Tools: I prioritized banks that sync easily with tools like QuickBooks, Xero, Shopify, and Stripe, making bookkeeping and operations simpler.
- Local Access or Great Support: I considered whether the bank had branches in Arizona or offered reliable customer service (phone, chat, or email), because sometimes you just need to talk to a human.
>> Earn Up to 3.7% APY on Business Checking >>
Best Banks for Small Businesses in Arizona – Frequently Asked Questions (FAQs)
Still trying to decide which bank is right for your Arizona-based business? Here are some frequently asked questions that can help guide your choice:
What’s the Best Business Bank in Arizona?
The best bank depends on your business size, industry, and how you operate. Whether you’re running a service-based business in Scottsdale, a retail shop in Tucson, or a remote startup out of Flagstaff, the banks in this guide offer a range of options, from local branch access to 100% digital banking platforms.
Should I Choose a Local Arizona Bank or a National Fintech?
Local banks can offer more personalized service and are often a better fit for cash-handling businesses or those seeking relationship-based lending. On the other hand, Fintechs like Novo, Bluevine, and Mercury appeal to Arizona entrepreneurs who want low fees, mobile-first convenience, and automation. The choice comes down to whether you prioritize branch access or digital efficiency.
Can I Open a Business Bank Account in Arizona Without Good Credit?
Yes, especially through online banks and Fintech platforms. Most don’t check your credit to open an account. However, keeping your account in good standing (e.g., avoiding overdrafts or flagged activity) is still important, as banks monitor your usage over time.
Are Startup Loans Available from Arizona Banks?
Some banks in Arizona do offer SBA loans or startup financing, but they often require strong documentation and business plans. If you’re just starting out, you may have better luck with Fintech lenders offering short-term capital or microloans that don’t require extensive financial history.
Which Banks Are Most Commonly Used by Arizona Businesses?
Chase, Bank of America, and Wells Fargo have a strong presence in Arizona and are widely used by small businesses for their in-person services and loan access. However, Fintech options like Grasshopper, Mercury, and Found are growing in popularity among freelancers, e-commerce sellers, and remote teams for their digital tools and zero monthly fees.
>> Bluevine: Simplify Your Small Business Banking >>
Bottom Line: Best Banks for Small Businesses in Arizona
The right banking partner depends on how your business operates: fully online, cash-based, or somewhere in between. I curated this list specifically for small businesses in Arizona, focusing on essential features, low fees, and flexibility for a wide range of industries.
From Chase’s extensive branch network to Fintechs like Novo, Grasshopper, and Bluevine, there’s a reliable option for every business type. Whether you’re a freelancer in Phoenix, a shop owner in Tucson, or a startup founder in Tempe, these banks are designed to help you manage money efficiently and grow with confidence. Choose the one that best fits your workflow and financial goals.
>> Open Your Bluevine Business Account Today! >>
