"Preferred Club" from Arvest Bank

The Basics

Minimum Opening Deposit
 
$100.00
A $100.00 deposit is required to open this account.
Monthly Service Fee
 
$16.00
The Monthly Service Fee of $16.00 can be waived by maintaining one of the following minimum balances:
- $20,000 in deposits
- $20,000 in personal loans
- $25,000 in loans and deposits
- $100,000 in mortgage loans
- $50,000 in brokerage assets
- $250,000 in managed trust assets.
Interest Rate
 
0.10%
The account earns 0.10% interest.

Debit Cards & Using ATMs

Arvest Rewards
 
$24.95/yr
This account includes 'Arvest Rewards' program to earn points for gifts and other items.
Non-affiliated ATM Usage Fee
 
$2.00/per use
There is a $2.00 fee each time you use a non-affiliated ATM.
International ATM Usage Fee
 
$2.00/per use
There is a $2.00 fee each time you use a ATM in another country.

Electronic & Telephone Banking

Online Banking Free
Email Alerts
 
Included with online banking
This Email Alert feature enables you to receive:
- Warnings when your balance falls below a certain threshold;
- Notice of deposits or withdrawals over a certain threshold;
- Reminders that bills are coming due for payment.
Activity Download
 
Included with online banking
You can download 475 days of transaction history in the following formats:
- Quicken 2007 and above;
- QuickBooks 2007 and above;
- MS Money for 2007 and above.
Online Billpay Free
Mobile Banking
 
Free
This institution supports:
- A downloadable mobile application to view account balances, view recent activity, transfer funds, pay bills;
- An iPhone application to view account balances, view recent activity, transfer funds, pay bills.
Automated Phone Banking Free

Checks & Statements

Unlimited Check Writing Yes
Free or Discounted Checks
 
Yes
Free basic checks for the life of the account.
Monthly Paper Statements Yes
Check Images with Statements Included
Electronic Statements No
Online Check Images
 
Yes
Images of canceled checks can be viewed online for 450 days.

Overdrawing the Account

Insufficient Funds Fee
 
$15.93/per item
The Insufficient Funds Fee is $15.93 per overdraft.
Overdraft Protection Unavailable

Savings and Money Market Accounts

Savings Account
 
Fee Waived
'Savings Account' requires $100.00 to open and $100.00 to earn interest.
Current APY Information:
- 0.10% at minimum balance to earn interest;
- 0.10% at minimum balance to avoid fees;
- 0.10% at $25,000.00
The account has a monthly service fee of $2.00. This fee can be waived if you:
- Maintain a minimum balance of $100.00;
- Maintain a average balance of $500.00.
Money Market
 
Fee Waived
The 'Money Market' account requires $100.00 to open and $100.00 to earn interest. It may be opened with a Preferred Club, Arvest Club, Private Banking or Investor Checking account.
Current APY Information:
- 0.10% at minimum balance to earn interest;
- 0.20% at minimum balance to avoid fees;
- 0.35% at $25,000.00
The account has a monthly service fee of $9.47. This fee can be waived if you maintain a minimum balance of $2,500.00.

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