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Submitted questions will be answered by an Arvest banker and may appear on the Arvest Blog.

International Banking Feature

Tuesday, December 23 at 11:11 AM

Arvest's Marta Morrow is featured in an article on International Banking services published by the Daily Oklahoman.

"If an Oklahoma business owner has a problem in Pakistan or trouble in Thailand, Marta Morrow may be the banker of choice.  Morrow worked for 13 years at Bank of Oklahoma before she was hired early this year by Arvest Bank to launch and lead its international banking department as a senior vice president. Globalization of business is growing, and Arvest wanted to offer in-house services to its local customers who need help in their efforts to venture abroad. Previously, Arvest would contract for international services it was unable to provide."

Read more of Don MeCoy's article online here

For more information on International Banking, you can visit the Treasury Management section of the Arvest webstie, or ask your local Arvest lender for more info.

 

 

Be Aware of ACH Debit Fraud Risks

Friday, December 12 at 08:27 AM

Has your company been a victim of ACH Debit Fraud?  Are you aware that the occurrences of ACH Debit Fraud are on the rise?  What is ACH Debit Fraud? 

ACH Debit Fraud is the act of fraudulently using another entity’s banking information to electronically withdraw funds from its accounts.  You might think that you could not fall victim to this type of fraud because you do not allow other entities to electronically debit your account.  Nothing could be further from the truth.

Consider this…  every check that you write and distribute has the information needed to commit ACH debit fraud – the account number and the banking routing number.  Those pieces of information are displayed on the front of every check that you write.If that information gets into the wrong hands, your hard-earned account balances could be at risk.  As more entities make the option available to pay by electronic check, either on the Internet or by telephone, the potential for this type of fraud continues to increase.

How can you protect your company’s accounts?  Arvest Bank offers ACH Fraud Blocker that only allows the entities that you have authorized to electronically debit funds from your business accounts.  If you do not allow any entities to electronically debit your account, Arvest Bank can code your account to block all ACH debits.Implementing this service is quick, easy and inexpensive.  For only $8.00 per month per account, you can be rest-assured that your business accounts are being protecting from this growing type of electronic fraud.

For more information, please contact your local Treasury Management Representative.
 

Equipment Leasing Through Arvest

Thursday, December 04 at 04:22 PM

Did you know that Arvest Bank offers Equipment Leasing? It’s true! When your company needs new or used equipment such as a trailer, forklift or even a printer, a lease program may be the answer to your financing needs. Almost anything used by your business, small or large, can be financed with a lease through Arvest Bank. Commercial vehicles and trailers, new and used types of equipment for offices and businesses, and various types of technological equipment such as computers and scanners are available for lease.

So what are the advantages of equipment leasing? Here are just a few reasons why leasing may be the right choice for you:

Tax treatment. The IRS does not consider an operating lease to be a purchase, but rather a tax-deductible overhead expense. Therefore, you can deduct the lease payments from your corporate income.
 
100 percent financing. With leasing, there is very little money down - perhaps only the first and last month's payment are due at the time of the lease. Since a lease does not require a down payment, it is equivalent to 100 percent financing. That means that you will have more money to invest in revenue-generating activities.
 
Flexibility. As your business grows and your needs change, you can add or upgrade at any point during the lease term through add-on or master leases. If you anticipate growth, be sure to negotiate that option when you structure your lease program. You also have the option to include installation, maintenance and other services, if needed.
 

Contact our expert leasing team today for a personalized assessment of your needs and financing options!
 
Leasing@arvest.com
 
(479) 573-1427 or (866) 745-1487