Don’t Let Scammers Scrooge Your Holiday

Tuesday, October 10 at 01:00 PM
Category: Personal Finance
Shoppers looking for a good deal this holiday season should also be aware of increasingly aggressive and creative scams designed by criminals to steal money and personal information. According to the FBI’s Internet Crime Complaint Center (IC3) 2016 Internet Crime Report, the IC3 received a total of 298,728 complaints with reported losses in excess of $1.3 billion in 2016.  This past year, the top three crime types reported by victims were non-payment and non-delivery, personal data breaches, and payment scams. The FBI wants shoppers to be extra vigilant of the following schemes and red flags.
 
Online Shopping Scams: If a deal looks too good to be true, it probably is. Steer clear of unfamiliar sites offering unrealistic discounts on brand name merchandise or gift cards as an incentive to purchase a product, as you may end up paying for an item, giving away personal information, and receive nothing in return except a compromised identity. In addition, do not open any unsolicited e-mails or click on the links provided. Before shopping online, secure all bank and credit accounts with strong and different passwords. The same should be done for airline and rewards accounts, because the emergence of these offerings has led to an increase in the demand for and resale value of stolen information.
 
Social Media Scams: Beware of posts on social media sites that appear to offer vouchers or gift cards, even if it appears the offer was shared by an online friend. Some may pose as holiday promotions or contests that lead to participation in an online survey designed to steal personal information. In addition, do not post photos of event tickets on social media sites as fraudsters can use the barcode to recreate tickets for resale.
 
Craigslist Scams: Websites like Craigslist or eBay are especially popular during the holiday season, as people look for bargains or sell unneeded items for cash. Take steps to protect yourself by recognizing scams. Most scams attempts involve one or more of the following (source: https://www.craigslist.org/about/scams*):
  • Email or text from someone that is not local to your area.
  • Vague initial inquiry, e.g. asking about "the item." Poor grammar/spelling.
  • Western Union, Money Gram, cashier check, money order, Paypal, shipping, escrow service, or a "guarantee."
  • Inability or refusal to meet face-to-face to complete the transaction.
  • Requests for personal financial info (bank account, social security, Paypal account, etc.).
Smartphone App Scams: Some apps, often disguised as games and offered for free, may be designed to steal personal information from your device. Before downloading an app from an unknown source, look for third-party reviews and be mindful that alternative app marketplaces can potentially include stolen content and compromised versions of otherwise trustworthy applications.

Work-From-Home Scams: Beware of postings offering work that can be done from the comfort of home, as these opportunities may have unscrupulous motivations behind them. Take caution when money is required up front for instructions or products, or when a job post claims “no experience necessary.” Carefully research individuals or companies before providing them with personal information and never provide personal information when first interacting with a potential employer.
 
Additional steps to avoid becoming a victim of fraud:
  • Check bank and credit card statements routinely, including immediately after making an online purchase and weeks following the holiday season.
  • Only purchase merchandise from a reputable source.
  • Don’t trust a website to be secure just because it claims to be.
  • Do not respond to spam e-mails or click on links contained within them.
  • Avoid filling out forms contained in e-mails that ask for personal information.
  • Be cautious of all e-mail attachments and scan them for viruses before opening.
  • Verify requests for personal information from businesses or financial institutions by contacting them using the main contact information on their official website.
  • Be cautious when dealing with individuals outside of your own country.
How to report fraud: Consumers who suspect they’ve been victimized should immediately contact their financial institution and then law enforcement. Arvest customers with concerns about their accounts can report fraud by emailing reportfraud@arvest.com.
 
They are also encouraged to file a complaint with the FBI’s Internet Crime Complaint Center (www.ic3.gov*) regardless of dollar amount lost, and provide all relevant information regarding the complaint.
 
Links marked with * go to a third-party site not operated or endorsed by Arvest Bank, an FDIC-insured institution.
 
 

 

Tags: Consumer Protection, Financial Education, Privacy and Security, Technology
 

Arvest to Arvest Transfers Now Here

Wednesday, October 04 at 06:55 PM
Category: Arvest News

Now you can make a transfer from one eligible Arvest consumer account to another customer’s eligible Arvest account in a few simple steps! 

From the Online Banking with BlueIQ™ Dashboard:

 

  • Select ‘Transfer Now’
  • Select ‘Another Arvest checking account (Arvest to Arvest)’
  • Enter the recipient last name (if sending funds to a business, enter the last name of a signer on the account), the recipient checking account and the dollar amount
  • Choose the ‘From’ account
  • Select ‘Preview’
  • Select ‘Confirm’ 

It’s that easy! 

Keep these guidelines in mind to determine if your transfer will be successful:

 

  • The ‘To’ account must be an Arvest consumer checking or Money Market account or a business checking or Money Market account.
  • The ‘From’ account must be an Arvest consumer checking or Money Market account.
  • The ‘To’ and ‘From’ accounts must be open at least 30 calendar days and must not currently be overdrawn past their overdraft limit.
  • Last name and account number of ‘To’ account must exactly match our records.
  • Funds must be available in the funding account. The amount available includes your overdraft limit. If the amount of the transfer exceeds your account balance, the remainder of the transfer will cause your account to overdraft, and you will be charged an overdraft fee. 

Here are a few more helpful details:

 

  • Availability: Transfers are immediate and recipients have immediate access to the transferred funds when made by Arvest’s 8 p.m. cut-off time. Transfers made after 8 p.m. will be available the next business day.
  • Fees: There is no fee to make an Arvest to Arvest Transfer. However, fees can result under certain circumstances. You will be charged a fee when:
    • The amount of the transfer exceeds your checking or Money Market account available balance.
    • You exceed the monthly transaction limit (6) when you make a transfer from your Money Market account.
  •  Business Day Limits: Customers may transfer up to $2,500 per online banking ID per business day from an eligible Arvest consumer checking or Money Market account to an eligible Arvest consumer checking or Money Market account or business checking or Money Market account. The limit for Private Banking customers is $5,000 per online banking ID per business day. 

 

If you have additional questions about Arvest to Arvest transfers, feel free to Ask Arvest or give us a call at (866) 952-9523. 

Tags: Online Services
 

Arvest Bank Promotes Davis to Vice President

Monday, October 09 at 01:00 PM
Category: Arvest Community News
Arvest Bank is pleased to announce that Andy Davis has been promoted to vice president, commercial banker for the Fayetteville market.
 
Davis, who has eight years of experience with Arvest Bank, has held a variety of roles, including consumer and commercial loan assistant, and a credit analyst. Most of his time has been spent working as a credit analyst and commercial banker. As a commercial banker, Davis generates, evaluates and approves commercial loans, among other duties.
 
“Andy is a true asset to our team in Fayetteville,” said Ladd Lanier, commercial loan manager for Arvest in Fayetteville. “His effort and enthusiasm is evident every day, and he prides himself on going the extra mile for his clients. This promotion to vice president is well-deserved and we look forward to even better things from Andy in the future.”
 
Davis earned a bachelor’s degree in business management – with a focus in organizational leadership – at the University of Arkansas. A Bentonville native, Davis lives in Fayetteville with his wife and daughter. He is the current president-elect for the Northside Fayetteville Rotary Club and treasurer of the advisory board for the Salvation Army of Northwest Arkansas, among other civic activities.
 
About Arvest 
Arvest Bank, named by Forbes magazine as one of “America’s Best Large Employers” for 2017, operates more than 250 bank branches in Arkansas, Oklahoma, Missouri and Kansas through a group of 16 locally managed banks, each with its own board and management team. These banks serve customers in more than 120 communities, with extended weekday banking hours at many locations. Arvest also provides a wide range of banking services including loans, deposits, treasury management, credit cards, mortgage loans and mortgage servicing. Arvest is an Equal Housing Lender and Member FDIC.
Tags: Associates, Fayetteville
 

Arvest Named Best of the Twin Lakes for 3rd Year in a Row

Friday, October 06 at 02:00 PM
Category: Arvest Community News
Arvest Bank in North Central Arkansas has been named Best Bank, Best Mortgage Company, and Best Wealth Management in the Baxter Bulletin’s "Best of Twin Lakes" reader’s poll.
 
Every year, the Baxter Bulletin newspaper has asked readers for their thoughts – and votes – to determine the Twin Lakes’ best of the best! Arvest has been voted the No. 1 bank for three consecutive years by readers and, for the first time this year, it was voted No. 1 for mortgage and wealth management!
 
Arvest was founded on the principles that our customers’ needs come first, and our associates are focused on providing the best customer experience. We continually strive to be active and involved members of the communities we serve, and we will always work to put the needs of our customers first as we continue to fulfill our mission, “People helping people find financial solutions for life.”
 
On behalf of Arvest Bank in North Central Arkansas, we would like to extend the warmest thank you to the readers of the Baxter Bulletin and congratulate all 2017 "Best of Twin Lakes" award recipients. 
Tags: North Central Arkansas
 

Fayetteville, Ark., Annual Tree Giveaway

Wednesday, October 11 at 02:00 PM
Category: Arvest Community News
Arvest is once again partnering with the City of Fayetteville for their annual Celebration of Trees on Saturday, October 28th, at 7:00 a.m. Mayor Lioneld Jordan, the City of Fayetteville Parks and Recreation Department, and the City of Fayetteville Urban Forestry Advisory Board will be giving out FREE trees and shrubs to City residents. The 19th annual tree giveaway, locally recognizing Arbor Day, will be held on the Arvest Bank Plaza on the Northeast corner of Fayetteville’s Historic Downtown Square. The event is held annually with the goal of helping to grow the urban forest. Adults should be prepared to show proof of their City residency before selecting a tree or shrub. 
 
The Celebration of Trees is a one day event, but growing a tree is a sustained endeavor that positively impacts the urban forest in Fayetteville for years into the future. 
 
Date: Saturday, October 28 
Time: 7:00 a.m. until supplies are exhausted 
Location: Arvest Bank Plaza on Center Street on the Downtown Historic Square
 
Quantities: Limited and available on a first come, first served basis. Limit (2) plants per adult Fayetteville resident that is present at the event. 
 
Trees available this year will include: 
  • American Hornbeam – Carpinus caroliniana 
  • Arrowood Viburnum – Viburnum dentatum 
  • Carolina Buckthorn – Rhamnus caroliniana 
  • Eagleston Holly – Ilex x attenuatta 
  • Paw Paw – Asimina triloba 
  • Pecan – Carya illinoinensis 
  • Persimmon – Diospyros virginiana 
  • Redbud – Cercis canadensis 
  • Rusty Viburnum – Viburnum rufidulum 
  • White Oak – Quercus alba 
  • Willow Oak – Quercus phellos 
 
Tags: Fayetteville

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