
Arvest Bank, one of the largest banks in the United States, offers a wide range of financial services to both residents and non-residents. If you’re a foreigner looking to open an account with Arvest Bank USA, step by step guide will walk you through the process. We’ll cover everything from required documents to account types, fees, and even the latest updates in 2025.
About Arvest Bank
Arvest Bank is a community-based financial institution serving customers in Arkansas, Kansas, Missouri, and Oklahoma. Known for its customer-centric approach, Arvest offers a variety of banking products, including checking and savings accounts, loans, credit cards, and investment services. The bank also provides robust online and mobile banking platforms, making it convenient for customers to manage their finances.
How to Open Arvest Bank USA Account for Foreigners 2025: Step-by-Step Guide
1. Choose the Right Account Type
Arvest Bank offers several account types tailored to different needs:
- Checking Accounts: Ideal for everyday transactions.
- Savings Accounts: For saving money and earning interest.
- Certificates of Deposit (CDs): Fixed-term deposits with higher interest rates.
- Money Market Accounts: Combines features of checking and savings accounts.
As a foreigner, you can open any of these accounts, but it’s essential to choose one that aligns with your financial goals.

2. Gather Required Documents
To open an account, you’ll need the following documents:
- Passport: A valid passport is mandatory for identification.
- Visa: Proof of your legal status in the U.S. (e.g., student visa, work visa, or green card).
- Proof of Address: A utility bill, rental agreement, or bank statement from your home country.
- Tax Identification Number (TIN) or Social Security Number (SSN): If you don’t have an SSN, you may need to apply for an Individual Taxpayer Identification Number (ITIN).
- Initial Deposit: The amount varies depending on the account type.

3. Visit a Branch (Offline Process)
If you prefer to open an account in person:
- Locate the nearest Arvest Bank branch using their branch locator tool.
- Schedule an appointment or walk in with your documents.
- A bank representative will guide you through the account opening process, including KYC (Know Your Customer) verification.
- Complete the application form and submit your documents.
- Make the initial deposit to activate your account.
4. Online Account Opening Process
Arvest Bank also allows you to open an account online:
- Visit the official Arvest Bank website
- Select the type of account you want to open.
- Fill out the online application form with your personal and financial details.
- Upload scanned copies of your required documents.
- Complete the KYC process by verifying your identity via video call or by visiting a branch.
- Fund your account using a wire transfer or debit/credit card.

5. KYC and Biometric Updates
Arvest Bank follows strict KYC regulations to prevent fraud and ensure compliance. During the account opening process, you may be required to:
- Provide biometric data (fingerprints or facial recognition) at a branch.
- Update your KYC information periodically, especially if your visa or address changes.
Account Features and Charges
Account Opening Charges
- Most checking and savings accounts have no opening fees.
- Certificates of Deposit (CDs) may require a minimum deposit of $1,000 or more.
Minimum Balance Requirements
- Checking Accounts: 50–50–100 (varies by account type).
- Savings Accounts: $100.
- Money Market Accounts: $2,500.
Interest Rates
Arvest Bank offers competitive interest rates on savings accounts, CDs, and money market accounts. Here’s a general overview:
Account Type | Daily Interest Rate | Yearly Interest Rate |
---|---|---|
Savings Account | 0.01%–0.05% | 0.10%–0.50% |
Money Market Account | 0.05%–0.10% | 0.50%–1.00% |
12-Month CD | 0.10%–0.20% | 1.00%–2.00% |
Rates are subject to change. Check the latest rates on Arvest Bank’s website.
Fixed Deposit Rates
Arvest Bank offers fixed deposit options with terms ranging from 6 months to 5 years. Interest rates vary based on the term and deposit amount.
Special Schemes and Facilities
Senior Citizen Schemes
Arvest Bank offers special benefits for senior citizens, including:
- Higher interest rates on savings accounts and CDs.
- Discounts on loan processing fees.
MIS (Monthly Income Scheme)
Arvest Bank does not currently offer a traditional MIS scheme, but their CDs provide a fixed income over a specified term.
Insurance
Arvest Bank partners with insurance providers to offer:
- Life insurance.
- Home and auto insurance.
- Health insurance for account holders.
Digital Banking Features
Mobile Apps
Arvest Bank’s mobile app is available for iOS and Android. Features include:
- Account balance checks.
- Fund transfers.
- Bill payments.
- Mobile check deposits.
Online Payment Methods
Arvest Bank supports:
- Zelle for instant money transfers.
- Online bill pay.
- Wire transfers for international transactions.
Customer Facilities
- 24/7 customer support via phone, email, and live chat.
- Free access to ATMs within the Arvest network.
- Financial planning and investment advisory services.
Latest Updates in 2025
Arvest Bank is rolling out several updates in 2025 to enhance customer experience:
- Introduction of multi-currency accounts for foreigners.
- Enhanced mobile app features, including budgeting tools.
- Lower fees for international wire transfers.
- Expanded branch network in key U.S. cities.
Frequently Asked Questions (FAQ)
1. Can I open an account without an SSN?
Yes, you can open an account with an ITIN if you don’t have an SSN.
2. What is the minimum deposit for a savings account?
The minimum deposit is $100.
3. Are there fees for online banking?
No, Arvest Bank’s online and mobile banking services are free.
4. Can I open an account remotely?
Yes, you can start the process online but may need to visit a branch for KYC verification.
5. Does Arvest Bank offer accounts in foreign currencies?
Not currently, but multi-currency accounts are expected to launch in 2025.