Account Disclosure Information

Overdraft Protection

Your checking account comes with a preset overdraft limit, which is available on most personal checking accounts between 30 and 120 days from when overdraft coverage is requested, subject to approval. Generally, you must not have more than two insufficient funds items presented for payment and your account must not be overdrawn more than two consecutive days in the first 30 days after you request overdraft coverage to be approved.

Once approved for overdraft coverage, we will pay—at our sole discretion—checks and other items that cause your ledger balance to go into a negative balance up to the amount of your overdraft limit. Unless you specifically decline overdraft coverage, or request SafetyLink, or opt into Extended Overdraft Coverage, your account will default to Basic Overdraft Coverage.

Please note that Bright Solutions has no overdraft coverage and therefore checks and other items that overdraw your account may be returned; however, unlike other account types, Arvest will not charge a fee.

Basic Overdraft Coverage covers these type of items:

• Checks you write and checks initiated by BillPay online or via our mobile application
• ACH electronic payments for bills automatically deducted from your account
• Recurring debit card transactions, such as a monthly membership or subscription

Basic Overdraft Coverage does not cover everyday (one-time) debit card transactions or ATM transactions. We will usually decline these transactions at the point of sale or at the ATM if the transaction will exceed your available balance at the time the transaction is initiated. If we do pay such transactions, we will not charge you an overdraft fee. However, we will charge a $17 fee for other types of items (for instance, checks) presented and paid into the negative.

Extended Overdraft Coverage covers these type of items:

• All of the items included in Basic Overdraft Coverage
• Everyday debit card transactions
• Cash withdrawals from ATMs
• One-time online debit card transactions such as utilities, online shopping and reservations

If you have selected Extended Overdraft Coverage, we will authorize ATM transactions or everyday debit card transactions even if the transaction exceeds your available balance at the time the transaction is initiated, at our discretion and up to the available overdraft limit remaining for your account. However, such a transaction may generate a fee when the balance in your account after we post all credits and debits for the day is less than the amount we need to pay a transaction. If checks or other items clearing your account would cause a negative balance, you will be assessed a $17 fee for each item presented for payment and paid into the negative.

Insufficient Funds: If we return a check or other item unpaid at our discretion or because it would cause a negative ledger balance on your account in excess of your overdraft limit (if any), we will not charge you a fee. However, the merchant may charge you fees.

Must bring account positive: If you select our overdraft coverage program, you should understand that you are still responsible for bringing your account to a positive balance. If your account maintains a negative ledger balance at the end of the nightly posting process each business day for 35 consecutive days, we may remove your overdraft coverage. If your account maintains a negative ledger balance at the end of the nightly posting process each business day for 56 days, we may close your account.

Decline Overdraft Coverage

You may determine that you do not want any overdraft coverage at all. If you are concerned about managing your account with the overdraft options previously described, we can remove all coverage. When you decline overdraft coverage, checks and other items presented for payment from your checking account that would cause a negative ledger balance may be returned. We will not charge you for items that we return unpaid. Among many other things, this could include a recurring transaction on your debit card. We will also decline everyday debit card transactions and ATM transactions that would exceed your available balance at the time the transaction is initiated.

The order in which items are posted to your account depends on when the items are presented to the bank for payment. This is important if there is not enough money in your account to pay for all of the transactions presented to the bank. This can affect the number of transactions either paid into overdraft or returned unpaid, as well as the amount of fees you may have to pay.

SafetyLink

SafetyLink Transfer Service is available for all personal checking account products except Bright Solutions™. Eligible funding accounts include Money Market and Savings Accounts. SafetyLink transfers are limited to 6 transfers per month. Certain transactions conducted on your funding account will reduce the available number of SafetyLink transfers available to you during that month (i.e., statement cycle). When funds are not available or you have reached your transfer limit, checks and other items clearing your account will be subject to a $17 fee if it results in an overdraft. Review the SafetyLink Transfer Plan Agreement for complete details.

Additional Information

For a complete discussion of overdraft issues, refer to Deposit Account Agreement & Disclosure and the Overdraft Coverage Options document.

Bright Solutions $25 minimum deposit required to open account. All other accounts $50 minimum opening deposit required. 

*Registration/activation required. 

¹ Debit cards are free with new checking accounts or for expired card replacements; a fee applies for non-expired card replacements.

² Mobile Check Deposit is available for eligible Arvest checking or savings accounts open and in good standing for 60+ days.

³ EmpowerED content is provided by EverFi and is intended to serve as a general guideline and may not apply to every individual situation.

⁴ Benefits are available to personal checking account owner(s), and their joint account owners subject to the terms and conditions for the applicable Benefits. Some Benefits require authentication, registration and/or activation. Benefits are not available to a “signer” on the account who is not an account owner or to businesses, clubs, trusts, organizations and/or churches and their members, or schools and their employees/students. Identity Theft Resolution Services and Identity Theft Expense Reimbursement Coverage extends to eligible family member(s). Family includes: Spouse, persons qualifying as domestic partner, and children under 25 years of age and parent(s) of the account owner who are residents of the same household. Identity Monitoring includes eligible dependent family members when activated by the account holder; separate registration is not required.

⁵ Special Program Notes: The descriptions herein are summaries only and do not include all terms, conditions and exclusions of the Benefits described. Please refer to the actual Guide to Benefit and/ or insurance document for complete details of coverage and exclusions. Coverage is provided through the company named in the Guide to Benefit or in the certificate of insurance. Insurance Products are not insured by the FDIC or any Federal Government Agency; Not a deposit of or guaranteed by the bank or any bank affiliate. 

⁶ One form of monitoring (Credit File, Identity, or Dark Web Monitoring) must be active at the time of discovery of the identity theft event.

⁷ The ATM owner may charge an additional fee for the use of an ATM or terminal not owned and operated by Arvest Bank, including for balance inquiry, deposit, or withdrawal.

⁸ Medications may only be prescribed where allowed by law. In certain states, a Veterinary-Client-Patient-Relationship (VCPR) must be established to diagnose and treat patients through eVets and only advice and virtual veterinary triage may be provided without a VCPR.

⁹ Fees could reduce earnings on interest-bearing accounts. 

¹⁰ Direct Deposits must be ACH credits. Debit card credits don’t count toward direct deposits.