Arvest Bank Services for Personal and Business Use

Arvest Bank offers a wide range of services for both personal and business use. With over 280 branches and 16 states to serve, they make banking convenient and accessible.

Their personal banking services include free online banking, bill pay, and mobile banking, allowing you to manage your finances on the go. You can also take advantage of their free financial tools and resources.

For business banking, Arvest offers cash management services, including remote deposit capture and online banking with payment processing. This helps businesses streamline their financial operations and make payments efficiently.

Arvest Bank's business services also include lines of credit, term loans, and equipment financing, providing businesses with the financial flexibility they need to grow and succeed.

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Arvest Bank offers a variety of CD accounts with competitive fixed rates. You can choose from terms ranging from 31 days to 5 years, allowing you to tailor your investment to fit your unique finances and time constraints.

The minimum opening deposit for all CDs is $1,000, making it accessible to those who want to start building their savings. You can also opt for interest distribution that suits your financial needs, such as reinvesting in your CD or transferring to another Arvest Bank deposit account.

Here are the available CD terms:

Note: The article section only mentions terms ranging from 31 days to 5 years, so I've only included those in the list.

Arvest Bank offers a range of savings accounts to suit different needs, including a regular savings account and the Cool Blue Savings account for customers under 18.

The regular account has a $100 minimum to open and a $2 monthly service charge, which can be waived with a $100 minimum daily balance.

You can make unlimited deposits and have up to six free withdrawals per month before incurring a fee.

Cool Blue Savings has a $50 minimum opening deposit and no monthly fee.

Arvest Bank savings accounts require a low minimum deposit of $50-$100 and have a $2 waivable monthly fee.

A withdrawal fee of $5 will be charged for each debit exceeding the included six per month.

You can choose from various and flexible terms ranging from 31 days to 5 years when opening a CD account, which requires a $1,000 minimum deposit.

Competitive CD rates are offered, with higher APYs for larger balances.

There is no monthly service fee for CD accounts.

To earn the highest APY, you'll need a high minimum balance of $95,000.

You can only open a CD over the phone, as there is no online option.

Here's a summary of the key features of Arvest Bank savings accounts:

Arvest Bank offers a money market account with a $100 minimum deposit requirement.

This account earns better interest than a standard savings account, especially for those who maintain higher balances.

The $10 monthly service fee can be waived by keeping a minimum daily balance of $2,500.

You can earn up to six penalty-free withdrawals per month with this account.

Arvest interest is paid on a daily collected balance at the current money market rate on tiered balances.

Here are some key features of Arvest Bank's money market account:

Arvest Bank offers a range of financial services to cater to different needs.

Arvest Bank provides several home lending options, including home equity loans, mortgage programs, construction loans, FHA and VA loans, and rural development loans.

If you're in the market for a new home or looking to refinance your current one, Arvest Bank has a mortgage program that can help.

Here are some of the home lending options offered by Arvest Bank:

Arvest Bank offers a range of checking accounts to fit different financial needs. You can choose from six account types, each with its own set of features and fees.

The Free Blue account is a basic option that comes with a free debit card, unlimited check-writing privileges, and up to $400 in overdraft protection, all for no monthly fee. To avoid paying a fee, you just need to enroll in Arvest e.Statements.

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The Basic Blue account is similar to Free Blue, but you'll pay a $3 monthly fee for paper account statements with images. This account is a good option if you prefer to receive paper statements.

The myBlue account offers the same features as Free Blue and Basic Blue, plus unlimited online BillPay, IDProtect, and account holder AD&D insurance, for a $6 monthly fee. This account is a good choice if you want extra perks.

Arvest Club and Preferred Club accounts offer even more features, including family AD&D insurance, higher overdraft coverage, and interest on your account balance. The Arvest Club account costs $12 per month, while the Preferred Club account earns interest on your balance and comes with a $18 monthly service fee that can be waived if you have at least one of the required accounts.

Here are the monthly fees for Arvest Bank's checking accounts:

Arvest Bank's checking accounts have low or no minimum deposit requirements, making it easy to open an account.

CD accounts are a type of savings account that offers a fixed interest rate for a specific term, typically ranging from a few months to several years. You can choose from various terms at Arvest Bank, ranging from 31 days to 5 years.

To open a CD account at Arvest Bank, you'll need to deposit a minimum of $1,000. This is a relatively reasonable minimum balance requirement compared to some other financial institutions.

Arvest Bank CD rates are competitive, and they can increase with larger account balances. This means that if you have more money to invest, you may be able to earn a higher interest rate.

One thing to keep in mind is that there is a high minimum balance requirement to earn the highest APY - $95,000. This may not be feasible for everyone, but it's worth considering if you have a large sum of money to invest.

If you're interested in opening a CD account at Arvest Bank, you can do so over the phone, but unfortunately, there is no online option available.

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Arvest Bank offers a range of financial services, including loans and credit cards. They have different options for home lending, such as home equity loans, mortgage programs, construction loans, FHA and VA loans, and rural development loans.

Arvest Bank's home lending options can be a good fit for various needs, whether you're looking to renovate your home or purchase a new one. With these options, you can choose the one that best suits your financial situation.

Here are some of the home lending options offered by Arvest Bank:

In addition to home lending options, Arvest Bank also offers credit card choices for individuals and businesses.

Arvest Bank is deeply rooted in the communities it serves, with a strong commitment to supporting local businesses and organizations. This is evident in its dedication to providing financial support and resources to small businesses and entrepreneurs.

Arvest Bank has a network of over 300 branches across four states, making it a convenient and accessible banking option for many individuals and businesses.

Arvest Bank's Community Development Group offers financial assistance to low-to-moderate-income individuals and families, helping them achieve financial stability and independence.

Arvest Flex Rewards is an excellent way to earn rewards on your purchases. You can earn rewards on eligible purchases at more than 15 million retailers worldwide.

One of the benefits of Arvest Flex Rewards is that it offers a low introductory APR. This means you can enjoy a low interest rate on your purchases for a certain period of time.

No annual fee is another benefit of Arvest Flex Rewards. This means you can use the card without worrying about an extra fee every year.

Visa’s Zero Liability service is also included with Arvest Flex Rewards. This means you're protected against unauthorized transactions.

Arvest Bank's Family Card is a convenient solution for families who need to share a credit line. Each family member gets a separate card with access to the shared credit line.

You can set limits on their use, giving you control over how much they can spend. This is especially useful for parents with teenagers or college students who need access to funds for emergencies or essential expenses.

Here are some benefits of the Arvest Family Card:

This card is an ideal solution for families who want to share expenses or provide access to funds for family members.

Arvest Bank offers a variety of business banking services, including financing options, management services, and protection programs.

Their business accounts range from basic to premier services, designed for small and medium-sized business needs. Small businesses can choose from three business banking accounts.

You can open a Free Small Business Checking account with a minimum balance of $100, which includes a business CheckCard, online and mobile banking, and 24-hour account access. Electronic statements are free, but paper statements with images will cost $5 per month.

The Small Business Checking account has a $10 monthly flat fee, allowing 200 transactions per monthly statement. You'll still pay $0.50 for each item over the 200 maximum. This account also includes up to $400 of overdraft protection, unlimited ACH debit and credit transactions, and up to 15 free online bill payments per month.

The Small Business Club Checking account has the same requirements and benefits as the Small Business Checking account, but you can avoid the $15 monthly fee by maintaining a moderate loan or deposit balance.

Here's a comparison of the three business banking accounts:

FNB Community Bank has a more limited selection of personal savings accounts compared to Arvest Bank, with only one regular savings account available.

The minimum amount required to open a savings account at FNB Community Bank is $100.

This higher minimum balance requirement may be a barrier for individuals who are just starting to build their savings.

FNB Community Bank's limited account options may also make it less appealing to customers who are looking for a variety of savings choices.

Farmers and Trust is a bank that offers a range of financial services to its customers. One of its notable credit card options is the Foundation Credit Card, which is designed to help customers establish and build their credit.

This card has manageable credit limits and low payment options, making it a great choice for those who are just starting out with credit. The Foundation Credit Card is a great tool for building credit.

Arvest Bank's credit card options, on the other hand, are more geared towards customers with well-established credit. They offer rewards-based credit cards that can provide more benefits to customers with good credit.

The bank has a history of strategic acquisitions that have helped it grow and expand its services.

In 2009, the bank acquired SolutionsBank of Overland Park, Kansas, a move that added six branches and $511 million in assets to its portfolio.

The bank's acquisition of Union Bank in 2012 was another significant milestone, expanding its reach and capabilities.

In 2013, the bank acquired 29 branches in Arkansas, Kansas, Missouri, and Oklahoma from Bank of America, solidifying its presence in the region.

Bear State Financial, with 42 branches and $2.2 billion in assets, was acquired by the bank in 2018, further enhancing its financial muscle.

In June 2010, a U.S. senator from Arkansas was accused of pushing for an increase to an asset threshold in a financial regulation bill to benefit Arvest.

This move was seen as a way to protect banks in Arkansas from being affected by the bill.

The CEO of the Benton County Arvest Bank, Dennis Smiley, resigned in March 2014 after being investigated by the FBI for loan fraud.

He was later sentenced to 97 months in prison for obtaining loans wrongfully, coercing subordinates, and forging family members' signatures in 2016.

Arvest Bank is a smaller bank with local branches, which is great for consumers in Arkansas, Kansas, Oklahoma, and Missouri who prefer a more personal banking experience.

It's worth noting that Arvest Bank doesn't offer the best rates for most of its deposit products.

Arvest Bank has a CD rating of 4.9/5 and a checking rating of 4.9/5 from Bankrate.

These high ratings are a testament to the bank's competitive rates, fees, and minimums.

Arvest Bank is a community bank that creates jobs for local people, reinvests money back into the community, and helps small businesses grow.

By banking with Arvest Bank, you're supporting the local economy and contributing to the bank's efforts to thrive in the community.

Arvest Bank's strong ratings and community-focused approach make it a great choice for consumers in the region.

Arvest Bank is a bank holding company that operates in the United States, specifically in Arkansas, Oklahoma, Missouri, and Kansas.

It was founded in 1970 by Bob Harrison and Jim Roberts, who merged their two banks to create the bank we know today.

Arvest Bank has over 300 branches across its four-state footprint, making it a significant presence in the region.

The bank offers a wide range of financial services, including personal banking, business banking, and mortgage loans.

Arvest Bank is a subsidiary of Arvest Bank Group, Inc., a publicly traded company listed on the NASDAQ stock exchange under the ticker symbol "ABGK".