Arvest Preferred Club Checking Account Reviews (June 2021)

Highlights
Monthly Fee	$0 - $18
ATM Fee: Out-of-Network	$2
Minimum Balance to Avoid Monthly Fee	N/A
APY (Annual Percentage Yield)	0.02%

Arvest Preferred Club Checking Account Review

Arvest Preferred Club Checking Account is offered by Arvest Bank, a bank founded in 1961 and based in Fayetteville, AR. Arvest Preferred Club Checking Account is available in 50 states (and Washington, DC).

Key Takeaways

Low APY. The maximum annual percentage yield for this account is only 0.02%.
Charges a monthly fee. This account charges a monthly service fee of up to $18, but there are ways to waive the fee.
Bill pay. Pay your bills to practically anyone in the United States through Arvest Bank.
Hard credit pull. Arvest Bank may require a hard pull on your credit report to open a checking account.

Arvest Preferred Club Checking Account Pros & Cons

Pros	Cons
Available in all 50 states. Interest-yielding account. Access to physical branches. Free debit card and the option to lock/unlock the card if lost or stolen	No signup bonus. Does not provide access to a nationwide ATM network. Monthly service charge. Charges a higher than average fee on out-of-network ATM transactions.

Arvest Preferred Club Checking Account FAQ

Are checking accounts from Arvest Bank federally insured?

Yes, your Arvest Bank checking accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #8728). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What APY does Arvest Preferred Club Checking Account offer?

Arvest Preferred Club Checking Account Rates & Terms
Description
APY (Annual Percentage Yield)	0.02%

Arvest Preferred Club Checking Account offers an APY of 0.02% (APY stands for annual percentage yield, rates may change). However, to earn interest account holders must keep an average beginning day balance of $50.

What are the account minimums for Arvest Preferred Club Checking Account?

Arvest Preferred Club Checking Account requires a minimum initial deposit of $50 to open an account.

Arvest Preferred Club Checking Account Account Minimums
Description	Amount
Minimum Opening Deposit	$50
APY Minimum Balance	$50
Minimum Combined Balance to Avoid Monthly Service Fee	$25,000

What fees does Arvest Preferred Club Checking Account charge?

This account charges a monthly service fee of up to $18.

Arvest Preferred Club Checking Account Fees
Description
ATM Fee: In-Network	$2
Check Cashing Fee	$0
Debit Card Replacement Fee	$7.50
Early Account Closure	$0
Foreign Transaction Fee (Debit Card)	0%
Monthly Fee	$0 - $18
NSF Fee	$17
Online Bill Pay Fee	$0
Overdraft Item Fee	$17
Overdraft Protection Fee (per transfer)	$10
Paper Statement Fee	$10
Returned Deposit Fee (Domestic)	$17
Returned Deposit Fee (International)	$17
Stop Payment Fee	$0
Wire Transfer Fee - Domestic (Incoming)	$25
Wire Transfer Fee - Domestic (Outgoing)	$10
Wire Transfer Fee - International (Incoming)	$10
Wire Transfer Fee - International (Outgoing)	$40
ATM Fee: Out-of-Network	$2

Does Arvest Preferred Club Checking Account charge overdraft fees?

Yes, Arvest Preferred Club Checking Account charges a $17 fee for every overdraft fee.

Arvest Preferred Club Checking Account offers overdraft protection at a cost of $10 per transaction.

What features and perks does Arvest Preferred Club Checking Account offer?

This account includes the following features:

Check images with statement - Reconciling your accounts and complying with document retention standards is easier when you have access to a copy of your checks.
Fraud monitoring - Arvest Preferred Club Checking Account monitors transactions for potentially unauthorized activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
Mobile Banking Services - Arvest Preferred Club Checking Account allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.

What is the customer support email for Arvest Preferred Club Checking Account?

The customer support email for Arvest Preferred Club Checking Account is interact@arvest.com.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.