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Arvest Bank Customer Review

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hercules12345's Profile Image

1 out of 5 marks

Reviewed by hercules12345

Apr 9th 2011

Arvest disobeys the law!

Back in 2009, the IRS sent Lindsey Mgt. Company, Inc. a third party summons requesting the bank name and account number of the account from which my rent is drafted. Well, I live with my brother and it is HIS account the rent is drafted from. I thought I was safe. However, Lindsey Mgt. told me that unless I filed a Petition to Quash the summons, they would comply. (Perhaps because my name is on the lease.) So I did and I lost. IRS got the bank name (Arvest) and the account number (my brother's). Then they send a third party summons to Arvest asking them to turn over multiple years of bank statements from MY BROTHER'S ACCOUNT! No matter that the Summons had my name on it and their privacy policy states that they wouldn't do it and even the local Harrison, AR branch mgr. said that they wouldn't, they did it anyway. Arvest bank honored a third party summons directed at me and turned over bank statements from an account I had NO signing authority over. My brother's personal privacy was violated!

Previous to this I had my account information turned over to the IRS for one year without so much as a "by your leave" within one week of the date on the Summons. The IRC gives a period of 20 days for a target of a third party summons to file a Petition to Quash in federal court, but I wasn't even afforded the opportunity. Marvelous customer service! Subsequently, I closed my account.

I WILL NEVER HAVE A BANK ACCOUNT WITH THESE SCOUNDRELS AGAIN! In fact, I can do just fine without a bank account, thank you very much!

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Other Arvest Bank Reviews

Trisha72701's Profile Image

Reviewed by Trisha72701

Jan 31st 2015

5 out of 5 marks

Great Bank!

I have used Arvest since the early 90's.....many different loans, on-line banking and customer service - i have never had a problem with this bank in 20yrs . Every employee is knowlegeable and friendly...all transactions have been flawless....Highly recommend!

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GuyRR's Profile Image

Reviewed by GuyRR

Jan 13th 2015

4 out of 5 marks

Excellent service

After 15 years I never had a problem. Left Arkansas two years ago and I am still looking for a service to match Arvest. So far they remain my main bank and at 2000 miles they still give me better service than Bank of America and Wells Fargo that are local. I have had a few mistakes now and then fixed over the phone, never any significant problem. The interest rate is as bad as everywhere else. I have had seven loans with them, six at this branch without any issues.

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