A checking account is an essential financial tool that provides easy access to your funds for daily transactions, bill payments, and more. However, there's more to a checking account than just basic banking functions.
A checking account is a fundamental tool for managing daily finances, but there's much more to it than just basic banking. Arizona Financial offers a range of features and services that can help you get the most out of your checking account.
What is a checking account?
A checking account is a type of deposit account that allows for frequent deposits and withdrawals. It's primarily used for day-to-day transactions like paying bills, making purchases, and transferring funds. Checking accounts often come with a debit card, checks, and online banking capabilities, providing easy access to your funds.
How to open a checking account
- Gather required documents: You’ll need identification (such as a driver's license or passport), your Social Security number, and proof of address.
- Visit a branch or apply online: You can open an account by visiting an Arizona Financial branch or applying online through our website.
- Choose the right account type: Arizona Financial offers unique free checking account options with no monthly service fee for teens, young adults and seasoned money managers alike.
How do checking accounts earn interest?
Some checking accounts offer the opportunity to earn interest or dividends on your balance. These accounts typically require maintaining a higher minimum balance but reward you with interest, helping your money grow over time.
How does a checking account affect your credit score?
While checking accounts don't directly impact your credit score, managing your account responsibly can indirectly influence it. Overdrafts or unpaid fees reported to collection agencies can negatively affect your credit score. Additionally, some credit reporting agencies consider the history of your bank account management when calculating your credit score.
Types of checking accounts at Arizona Financial
- Premier Checking & Free Checking: Our checking accounts offer everything you need and more! You can count on the 24/7 convenience of mobile banking, no monthly service fee, and access to nearly 30,000 surcharge-free ATMs nationwide.
- Young Adult and Teen: Our Teen Checking Account options are available for members ages 13-17. We also offer Young Adult Checking Account options for members ages 18-24 years old.
How to open an account with us
- The opening deposit amount: A debit or credit card to make the $20 account opening deposit.
- Valid identification: A valid driver's license, state ID card, or passport. We'll also verify your identity (including joint owners) as part of the account opening process.
- Security questions: Information to answer and pass your unique verification questions.
Arizona Financial has options to help you manage your money effectively and reach your financial goals. For more details on our checking accounts, please visit our Checking Account page. Here, you'll find comprehensive information on account features, eligibility, and how to apply.
