Moffett Public School Receives Arvest Foundation Grant

Monday, August 12 at 08:00 AM
Category: Arvest News


The Moffett (Okla.) Public School will receive aid from the Arvest Foundation in response to the damage the school suffered due to the catastrophic flooding this past summer.

The gift was announced recently at Moffet Public School. Randi Kay Coleman, Beth Presley and Roger Holroyd, Les Smith and Mike Jacimore of Arvest Bank were on hand to present the check.

A $10,000 donation from the Arvest Foundation will be used to repair and restore areas of the Moffett Public School that were affected by the flooding earlier this year.

“On behalf of the Arvest Foundation, we are honored to present this donation to Moffett Public School,” Coleman said. “We are pleased to support such a valued education structure, such as this school system. This donation is just one of many examples that shows Arvest is committed to positively impacting the educators and youth of our community.”

Tags: Arvest, Oklahoma
 

Arvest Bank to Host ‘Dog Days of Summer’ Adoption Event

Thursday, August 08 at 01:00 PM
Category: Arvest Community News

Arvest Bank will host a “Dog Days of Summer” pet adoption event Friday, Aug. 16, at the Arvest branch at 700 Hwy. 62-65 North at the corner of Industrial Park Road in support of the Ozark Humane Society. Representatives from the Humane Society will be on-site with several pets who need a forever home. 

Arvest associates will grill hot dogs for attendees who drop by to consider adopting a pet. 

“There are some adorable pets who need a loving home. Adoptive families will tell you that the dogs or cats they take home benefit the family as much as the family is saving those animals,” said Scott Tennyson, market president of Arvest Bank in Harrison. “Anyone who’s not ready to adopt just yet can still help us support these animals by dropping by to make a donation and enjoy lunch at the same time.” 

In addition, Arvest will waive replacement fees for customers who order a pet-themed affinity debit card at any Arvest Bank branch in Harrison between Aug. 12 – 17 and will donate those funds to the Ozark Humane Society.  

About OHS: The Ozark Humane Society is a non-profit organization dedicated to the care and welfare of all animals in North Central Arkansas. The OHS operates a shelter in Harrison, which houses and cares for homeless pets, and seeks to find them permanent homes. The OHS also operates the Cause for Paws Thrift Shop, and proceeds from the Thrift Shop directly support the OHS and the shelter. Please support the OHS by adopting an animal from the shelter or by donating your time, materials and money. The OHS is looking for new members and volunteers, new ideas and enthusiasm. Follow the Ozark Humane Society on Facebook for more information. 

Arvest makes no representation that any contribution is tax deductible. Please consult your tax advisor.

About Arvest

Arvest Bank, named by Forbes magazine as one of the “World’s Best Banks” for 2019, operates more than 270 bank branches in Arkansas, Oklahoma, Missouri and Kansas through a group of 14 locally managed banks, each with its own board and management team. These banks serve customers in more than 135 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. 

About Arvest Wealth Management

Arvest Wealth Management offers wealth management, trust services and insurance products. Investments and Insurance Products: Not FDIC Insured, May Lose Value and Not Guaranteed by the Bank. Trust services provided by Arvest Bank.

Tags: Harrison, North Central Arkansas
 

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
 

3 Things to Consider When Buying Generic

Wednesday, August 07 at 02:00 PM
Category: Personal Finance

Love them or hate them, generic brands have been around for decades and are here to stay. But they have come a long way since they made their entrance in the market thirty-plus years ago. Strolling around your local grocery store aisles today, you will see a wide variety of colorful packages and enticing names on products that appear to more closely compare with their name brand counterparts. With ever-growing options for groceries from fresh and frozen food to health and wellness products, it can be difficult to determine when it is worth it to buy generic. Below are some factors to consider to make the most of your money and effort when shopping.

Price

The appeal of generic brands is the cheaper price. Consumers often reach for the store brands to save money and meet their family’s needs, but it may not always be the least expensive option. Be sure to calculate the price per unit when comparing products even if the packages look the same. Some stores place the unit price on the label, but if they don’t, use a calculator. Divide the price of the item by the number of units in the package (i.e., ounce, cup, etc.). Also, check coupons and store circulars for savings on name brands and find stores that will double or triple those coupons or allow you to stack using manufacturer, store, and even online or app coupons and rebates. A little extra research may yield even greater savings.

Taste

Taste is ultimately a personal preference. A Consumer Reports taste test* found that store brands were equal or superior to name brands in many staple grocery categories and are an average of 15-30 percent lower in price. Check the ingredients and nutrition in generic or store brand items to see how they compare to the name brand item. If you are craving a unique flavor or if you have a particular loyalty to a brand, the name brand may be the better option. If the ingredients match and you don’t have a brand preference, go with the less expensive option. If you’re having trouble deciding between generic and name brand options, consider buying both and conducting your own taste test at home.

Quality

Historically, name brand products were perceived as higher-quality premium items compared to generic or store brands. Today, however, generic brands offer more premium items and more product choices than ever before. A recent survey* indicated that 75 percent of consumers perceive store brands as equal or better in quality compared to name brands. New generic products are available in “healthier” categories such as organic, plant-based, vegan and natural. Generic brands are required to meet the same standards as name brands and are tested by independent companies before they become available for purchase. So even if you’re trying to eat healthier, high-quality foods, generic brands might save you some money.

Which Products to Buy Generic

Below are a few staple grocery products* that are nearly always worth buying generic – they are typically as good or better than their name brand counterparts and usually cheaper.

  • Milk and Juice
  • Seasonings and spices
  • Frozen fruit and vegetables
  • Canned vegetables and beans
  • Baking and cooking supplies (baking mixes, flour, sugar, salt)
  • Snack foods (spreads and dips, dried fruit, pickles and olives, nuts and cookies)
  • Fresh produce
  • Cereal

When choosing between generic brands and the equivalent name brand products, consider price, taste and quality. Generic products are usually the cheapest, but it can save you even more to check coupons and specials on name brand items. Compare ingredients and nutrition and, if you can, sample multiple products to see which taste you prefer. A generic label doesn’t always indicate a lower quality and might even exceed the name brand. A little time and research might satisfy both your taste buds and your wallet.

Links marked with a * go to a third-party site not operated or endorsed by Arvest Bank, an FDIC-insured institution.

Tags: Financial Education
 

How to Identify Student Loan Assistance Scams

Wednesday, August 07 at 02:00 PM
Category: Personal Finance

Arvest Bank is warning consumers about student loan assistance scams.

In these types of scams, borrowers receive phone calls, emails, letters, and/or texts offering them relief from their federal student loans or warning them that student loan forgiveness programs would end soon. Usually, the so-called student loan debt relief companies offering these types of services don’t offer any relief at all. Often they’re just fraudsters who are after your money.

Here are some signs to help you identify a scam by a student loan debt relief company:

  • They require you to pay up-front or monthly fees for help. It is illegal to charge an up-front fee for this type of service, so if a company requires a fee before they do anything, that’s a huge red flag—especially if they try to get your credit card number or bank account information. In some cases, they may even step in and ask you to pay them directly, promising to pay your servicer each month when your bill comes due. Free assistance is available through your federal loan servicer.
  • They promise immediate and total loan forgiveness or cancellation. No one can promise immediate and total loan forgiveness or cancellation. Most government forgiveness programs require many years of qualifying payments and/or employment in certain fields before your loans can be forgiven. Also, student loan debt relief companies do not have the ability to negotiate with your federal loan servicer for a “special deal” under the federal student loan programs. Payment levels under income-driven payment plans are set by federal law.
  • They ask for your Federal Student Aid (FSA) ID. The U.S Department of Education or its partners will never ask you for your FSA ID password. Your FSA ID is used to sign legally binding documents electronically. It has the same legal status as a written signature. Do not give your FSA ID password to anyone or allow anyone to create an FSA ID for you. If a company has access to your FSA ID information, they can make changes to your account without your permission.
  • They ask you to sign and submit a third-party authorization form or a power of attorney. These are written agreements giving the third party legal permission to talk directly to your federal loan servicer and make decisions on your behalf. Debt relief companies often want these authorizations so that they can change your account and contact information, so you don’t realize that they aren’t actually paying your monthly student loan bill.
  • They claim that their offer is limited and encourage you to act immediately. Student loan debt relief companies often try to instill a sense of urgency by citing “new laws” or discontinuing programs as a way to encourage borrowers to contact them immediately.
  • Their communications contain spelling and grammatical errors. While many of the communications sent out by these companies look very formal (for example, fold-and-tear letters with safety patterns), they often contain spelling and grammatical errors. If you notice unusual capitalization, improper grammar, or incomplete sentences in the communication you receive, that’s a red flag.

What should you do if you’ve already shared your information or paid one of these student loan debt relief companies? You need to complete the following tasks:

  • Log in to your Department of Education account and change your FSA ID. Do NOT share your new FSA ID password with anyone!
  • Contact your federal loan servicer to revoke any power of attorney or third-party authorization agreement that your servicer has on file. You should also make sure no unwanted actions were taken on your loans.
  • Contact your bank or credit card company, and request that payments to the company be stopped.
  • File a complaint with the FTC*.
  • File a report of suspicious activity through the Federal Student Aid Feedback System*.

 Links marked with * go to a third-party site not operated or endorsed by Arvest Bank, an FDIC-insured institution.

 Source: https://studentaid.ed.gov/sa/repay-loans/avoiding-loan-scams

 

    

Tags: Financial Education

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