Two branches of the Dunfermline Building Society and a Barclays Bank in Renfrewshire have been targeted in recent months.
The Dunfermline branch on Johnstone's High Street was raided on November 25 and their premises on Gilmour Street, Paisley, were hit on December 13.
The third incident happened at Barclays Bank in Johnstone on February 6.
A Police Scotland spokesman said: "A 44-year-old man has been arrested and is presently detained in police custody in connection with the incidents."
The suspect will appear at Paisley Sheriff Court on Monday.