Updates to Arvest Go mobile app and Online Banking with BlueIQ™

Thursday, August 08 at 12:05 AM
Category: Arvest News

We’ve got some good news for you – we’ve made updates to our Arvest Go mobile app and Online Banking with BlueIQ™! The Arvest Go app update will become available in the app stores on August 8. If your phone doesn’t automatically update your apps, you may need to manually download the new version of our mobile app.

These updates will help provide a better experience for our customers, and many of these updates come from feedback you’ve shared with us!

Updates to Arvest Go mobile app include:

  • Improved visibility of your account balance when making a transfer between accounts
  • Improved how account balances display when they fall below zero
  • Increased the speed in which pending transactions appear. To reduce confusion with balance calculations happening throughout the day, we removed the running balance for pending transactions. Your account balance (minus your pending transactions) will still appear at the top right of the Transactions screen, on the Accounts screen, Widget and Quick View.
  • Added more detail to the Mobile Check Deposit confirmation screen
  • Moved access to Widget and Quick View settings so they can simply be found under Settings

Update to Online Banking with BlueIQ™ includes:

  • Reduced confusion with balance calculations happening throughout the day by removing the running balance for pending transactions. Your account balance (minus your pending transactions) will still appear in the top left in the blue header on the Transactions tab, and on the Dashboard.

We’re keeping an eye on the latest in mobile trends, and plan to enhance your mobile banking experience in the future. If you have a question about any of these updates, simply visit with an associate at your local branch or call us at (866) 952-9523.

Tags: App, Arvest Go, Mobile Banking, Online Services
 

Managing Back-to-School Expenses

Monday, August 05 at 08:00 AM
Category: Arvest News


Back-to-school time can be exciting for both parents and students, but it also can bring the consequence of credit card debt. In 2017, in fact, a survey showed that more than one in five U.S. parents expected to add debt due to the purchase of back-to-school purchases.

If you are one of those who has added debt to your personal financial situation by back-to-school shopping, consider these remedies to reduce and then eliminate that debt.

Pick a Plan
Designing a sound plan to reduce and/or eliminate credit card debt may make it easier to achieve your goal. One popular first step is to pay off the credit card with the highest interest rate first. It’s the one that’s costing you the most in monthly finance charges. Another option, known as the “snowball” method, calls for paying off the card with the lowest balance first. The logic is that paying off any debt feels good and serves as positive reinforcement that the plan is working.

Pay More than the Minimum
Whatever plan you choose, paying more than the minimum required by the credit card company each month is critical. If you are able to make additional payments over your minimum payment, you may be able to reduce the amount of time it will take you to pay off your balance.

Transfer Time?
One way to manage credit card debt is by transferring your balance to a different card with a lower interest rate – or in some cases, a zero-percent introductory rate. This could reduce the amount of interest accrued on the account as you continue to pay off the principal balance over time. Some transfer offers come with other kinds of perks, such as spending bonuses or bonus earning opportunities. Consider an Arvest Personal Credit Card and enjoy 0%¹ APR for 12 billing cycles. After that, your rate will be based on credit worthiness 14.65% to 21.00%. You can also earn up to $100² in bonus rewards. Balance transfers can be conducted from the minimum $250 up to your available credit line.

While the best way to avoid interest is to pay off the full balance of your credit card each month, balance transfers are helpful when you’re unable to pay off the entire amount owed. Just be sure to research the introductory APR period, any applicable fees, and any transfer amount limitations.

Most importantly, you’ll want to establish a solid plan to make regular payments on the balance once it’s transferred.

Compassionate Creditors
Credit card companies sometimes will lower your interest rate if you simply ask. Some may give lower short-term promotional rates, while others may reduce your annual percentage rate. Either way, you could benefit.

Call the Pros
There are a variety of consumer credit counseling organizations that can help you design a plan to work your way out of credit card debt. Look online for an organization that will provide this service free of charge. Be wary, meanwhile, of an organization that offers to help eliminate debt easily for a fee. If the offer seems too good to be true, it probably is too good to be true.

1Introductory Rate: 0% introductory Annual Percentage Rate (APR) is valid on purchases and balance transfers for 12 billing cycles from date of account opening; after that the APR for purchases, and balance transfers will be based on your creditworthiness (between 14.65% and 21.00% APR) and will vary based on the prime rate. The APR for cash advances will vary based on your creditworthiness (between 14.65% and 21.00% APR) and will vary based on the prime rate. Balance transfers can be conducted from the minimum $250 up to your available credit line. The transaction fee for cash advances and cash equivalent transactions is the greater of $4 or 4% of the transaction. Foreign transaction fee is 1% of each transaction in U.S. dollars. Rates apply to new accounts only and are accurate as of January 8, 2019. Subject to credit approval. Additional limitations, terms and conditions may apply.

2Bonus: Open a new Arvest Personal Credit Card to qualify for the one-time bonus of up to $100 after spending $500 on eligible purchases within the first (3) billing cycles of account opening. $100 bonus is awarded as 10,000 rewards points in the Arvest Flex Rewards™ program. Arvest Flex Rewards™ is a program where you can earn one point for every $1 you spend using your Arvest Credit Card. Eligible purchases can be made by the primary cardholder or any additional cardholders on a single Card Account. Limit one 10,000 points bonus per Card Account. Eligible purchases do NOT include fees or interest charges, balance transfers, cash advances, convenience check transactions, purchases of traveler’s checks, purchases or reloading of prepaid cards or purchases of other cash equivalents. Bonus points will be applied to your account within three billing cycles after your qualifying purchase. To be eligible for the $100 bonus offer, the Card Account must be open and not in default as of the date the bonus points are applied. For complete details, ask an Arvest associate or go to arvest.com/bonus. Offer valid from January 1 through December 31, 2019.

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The views of this article are for general information use only. Please contact and speak with a subject expert or your banker when specific advice is needed.

 

A Spin on Spending - Back to School Budgeting

Tuesday, July 30 at 09:00 AM
Category: Arvest News


As the summer comes to an end, back-to-school shopping begins and with that comes opportunities to save. Before you race to the store, or begin adding items to your online shopping cart, check to see if your area participates in the upcoming tax free weekend. This special weekend event is a staple in more than a dozen US states, including Arkansas, Kansas, Oklahoma and Missouri and allows you to skip out on paying sales tax on most back-to-school essentials in store and online.

One of the first things you should do before heading to the store or logging in to your computer, is to sit down and do an inventory check of what supplies you need for the upcoming semester. With your shopping list in hand, check to see which of the items are available for student discounts, then check online or with a cashier to see if the store offers price-match from other major retailers. When buying textbooks, calculators, or other technology – check online for gently used items. Online marketplaces often have the materials you need for a fraction of the cost.

Whether you’re living on-campus or off, limit dining out. If you bought a campus meal plan at school, use it. Sure you’ll want to splurge once in a while, but don’t make eating out a habit. Be sure to budget as you go along, and track your spending. You can view your spending activity in real time with the Arvest Go mobile app. You can save even more by bringing your own snacks and drinks purchased in bulk from a grocery store instead of a vending machine or convenience stores.
 

 

Tags: A Spin on Spending, Arvest
 

Arvest Equipment Finance Promotion

Friday, July 19 at 09:00 AM
Category: Arvest News

 

Ready to purchase or upgrade your equipment? Now’s the time to get a great deal! Take advantage of a limited-time offer from Arvest with great rates such as 4.63 percent on new or used equipment, plus qualifying refinances. But hurry! This offer won’t last long.

Visit your nearest Arvest location today.
(866) 745-1487
Arvest.com/equipment

 


Disclosure: 
Promotional interest rates available for the purchase of new or used qualified business equipment. Poultry house equipment is excluded from this promotion. New purchase money loans or refinances new to Arvest only. Refinances or renewals of current Arvest loans do not qualify. Loans to Commercial borrowers only. A $397 processing fee will apply; additional filing fees may apply. Loans must be a minimum of $10,000 and up to a maximum of $200,000 to be eligible. Promotional interest rates and loan terms for qualified borrowers are as follows: (1) 4.25% fixed interest rate for a three year term; (2) 4.63% fixed interest rate for a four to five year term. Varying payment options available depending on equipment type and condition: monthly, quarterly, semi-annually, or annual. Offer valid for applications received from July 1st, 2019 – October 1st, 2019. All loans are subject to credit approval. Rates available at all Arvest locations. 

Tags: Arvest, Arvest Equipment Finance
 

A Spin on Spending - Building Credit

Thursday, July 18 at 09:00 AM
Category: Arvest News


One of the first steps to building a good credit history is to know where you stand. Before you head to the dealership or hire a real estate agent, request a credit report, and take the necessary steps in improving your score. One way to do this is by making your loan payments on time. According to myfico.com, your credit payment history can make up 35 percent of your FICO credit score. The longer your loan payments are paid on time, the better your score can become.

It’s important to remember to keep your credit card balances low. Many of the credit bureaus’ scoring systems evaluate the amount of debt a person carries compared to their credit limits. If the amount owed is close to the limit, it’s likely to have a negative effect on your score. Maintaining high credit card balances can hurt you, even if your bills are paid on time each month.

Although it’s generally considered a plus to have established credit accounts, too many credit card accounts may have negative effects on your credit score. You should only open new accounts as needed.  When opening a new line of credit, don’t just jump at the first appealing offer – compare interest rates and fees beforehand.

 

Tags: A Spin on Spending, Arvest

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