Arvest Bank’s checking account pays a reasonable rate of interest; however, you will need to keep a large balance in it to avoid fees. Unless you have $20,000 to put in the account, you’ll need to opt for one of the bank’s more basic checking accounts. The bank’s small ATM network and lack of ATM fee refunds also restricts your access to physical cash.
The bank, however, charges less for overdraft fees than other competitors.
$20,000 minimum balance to avoid a monthly fee to earn the highest APY.
Small ATM network.
Peer-to-peer transfers incur a fee.