Arvest Bank Review
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At a glance
Overview
Arvest Bank is best for consumers in Arkansas, Kansas, Oklahoma and Missouri who like working with a smaller bank and having a local branch.
Highlights:
Low FeesHighlights:
CDs
Checking
Savings
MMA
Offers featured here have been sponsored which impacts how, where, and in what order the products appear. Not all offers are displayed on this page.
These are sponsored offers rated highly by us for competitive rates, fees, and minimums.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 4.7/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 4.4/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 4.6/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Offers featured here have been sponsored which impacts how, where, and in what order the products appear. Not all offers are displayed on this page.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Overall
Arvest Bank is a regional bank headquartered in Fayetteville, Arkansas, that offers accounts across Arkansas, Kansas, Oklahoma and Missouri. With checking account options and CDs with competitive rates, this bank will appeal to a wide base of customers in the area. Given its local nature, you won’t find in-network ATMs outside of Arvest’s main operating area, and you’ll have to pay a fee to use out-of-network ATMs.
Pros
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Reasonable minimum deposit amounts mean most accounts are accessible to a broad range of consumers.
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The bank’s overdraft fee is significantly lower than the average fee.
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Arvest offers competitive APYs for its CDs.
Cons
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Higher APYs can be found elsewhere.
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There is a fee to use an out-of-network ATM.
Arvest Bank banking products
Arvest Bank Savings
Pros
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The monthly service is only $2 and can be waived by a minimum daily balance of $100 or an average daily balance of $500.
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There is also a children’s savings account that has no minimum balance requirement or monthly fees.
Cons
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Higher yields can be found elsewhere — especially at online banks.
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A withdrawal fee is charged for each debit in excess of six per month.
Arvest Bank CD overview
Pros
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The minimum balance is standard.
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The APYs are competitive.
Cons
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A minimum balance of $95,000 is required to earn the highest possible rates on some terms.
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You can’t open CDs online, only over the phone.
Arvest Bank Money Market Account
Pros
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A $100 deposit is all that is needed to open an account.
Cons
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A $10 monthly fee applies on account balances that fall below $2,500.
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While yields for the money market account are solid, higher rates can be found elsewhere.
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A withdrawal fee is charged for each debit in excess of six per month.
Arvest Bank Free Blue Checking
Pros
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Arvest’s overdraft fee is significantly lower than the average fee nationally.
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Free Blue Checking charges no monthly maintenance fee.
Cons
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Arvest Bank charges a $2.50 fee to use an out-of-network ATM.
Bank fees
| Fee | Charged? |
|---|---|
| Overdraft fee | $17 |
| Non-sufficient funds fee | None |
| Monthly maintenance fees | $0 - $12 |
| Out-of-network ATM fee | $2.50 |
| Excessive transaction fee | $5 |
Customer experience
Physical presence. Arvest Bank is a Fayetteville, Arkansas-based regional bank with more than 200 branches in Arkansas, Kansas, Oklahoma and Missouri.
Customer service. Customers can reach Arvest customer service by phone Monday through Friday from 7:00 a.m. to 8:00 p.m. CT and Saturday from 8:00 a.m. to 5:00 p.m. CT. There’s also a 24-hour account information line that’ll help you with basic account questions.
Digital experience. Arvest customers have access to highly rated apps for both Android and iOS. Customers can set up alerts, set up recurring payments and schedule payments in advance.
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Review methodology
We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. Read our full review methodology.
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