What You Need to Know

The interest rates for Sun Canyon are higher than typical bank rates, but lower than online accounts. The accounts do have tiered interest rates. But even the lowest tier rates are higher than typical bank rates.

Sun Canyon Bank offers online accounts. Those accounts include:

• Checking account
• Savings account
• Money market account
• Standard CDs in 6, 12, and 24-month terms

Sun Canyon allows for eight ATM transactions each month, or up to $25 per billing cycle, free of fees. The other banking institution may charge a fee. Sun Canyon will not charge a fee for those first ATM transactions.

Through the mobile app, you can make purchases and payments with Sun Canyon Digital Wallet. You load your debit card into the mobile app. You can then make purchases. Sun Canyon also supports Apple, Google, and Samsung Pay.

Most Sun Canyon accounts have fees. The money market fee is $10. To avoid fees, you must keep at least $2,500 in the account. The savings account has a fee of $5 per month. To avoid this fee, you must have a balance of at least $250. The checking account has a fee of $5 if you have less than $5,000 in your checking account. To waive the fees, you can also have set combined balances. The savings account requires $2,500 in combined accounts. The MMA requires $5,000, and the checking account requires $20,000 in combined accounts.

The opening required amounts for Sun Canyon accounts are high. The savings account requires $250 to open. The checking account requires $1,000 to open. The CDs all require $1,000 to open. The money market account requires $2,500. You must keep these amounts in the accounts to avoid the monthly fees.

Apply for an account with Sun Canyon by filling out an application online. Once your application is complete, customer service sends an email when the account activates. You can start using the account once you receive the email.

To earn the most competitive rates, you must have a high account balance. The checking account requires $50,000 for the best rates and the money market requires $100,000. The savings account requires $250,000. Balance over $250 for the savings account and over $2,500 for the MMA and checking accounts earn interest, just not the highest rate.

Digital or Mobile Banking

Sun Canyon offers a mobile banking app on the App Store or Google Play. Between the app and online banking, you can:

• Deposit checks
• Pay bills
• Make Person-to-Person payments
• View account balances and statements
• Set up account alerts
• Transfer money between accounts
• Turn off debit cards
• Download information into Quicken or QuickBooks
• Use Digital Wallet

Cool Things

Person-to-Person Payments

Through the Sun Canyon mobile app, you can pay neighbors or those across the country or world with Person-to-Person payments. The money goes directly to the recipient's debit card. They are notified by email or text and can claim the money through their phone, tablet, or computer. Person-to-Person Payments is a free feature offered to Sun Canyon customers.

History

Sun Canyon Bank has been around for almost 50 years. They are a division of Banterra Bank. They have one branch location in Sun City West, Arizona.

Sun Canyon offers online checking, saving, and money market accounts. They also offer 6, 12, and 24-month CDs.

List of Common Bank Fees

• ATM fees in the United States: $0-3
• ATM fees internationally: Not listed
• Bill pay: $0
• CD early withdrawal fees: 30-365 days of interest
• Excessive withdrawal fees: $2 per withdrawal
• Monthly service fees: $5-10
• Overdraft service fees: $10-37
• Paper bank statements: $0
• Wire transfers (Domestic): $15-27
• Wire transfers (International): $20-40

Frequently Asked Questions

Bank Information