Vio Bank

Deposits held and insured by MidFirst Bank

Overview / Commentary
501 NW Grand Boulevard
Oklahoma City, OK 73118
Deposits held and insured by MidFirst Bank

Related Posts

Vio Bank New Cornerstone Money Market Offers Competitive Rate - 9/15/2021

Vio Bank (internet bank) has added the Cornerstone Money Market account, which earns a competitive rate on all balances. Minimum opening deposit is $100.

Another Drop At Vio From .76% To .66% APY - 10/26/2020

Over the weekend they dropped another .10%

High Yield Online Savings 0.76% - 10/7/2020

More Bad News Another Rate Cut

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VIO New Customer

Posted by: |

I am a new customer to VIO Bank in October 2019. I was a little concerned about some of the negative reviews before I decided to set up an account. My experience has been very good so far. The online process to apply for the online savings worked very well and smoothly. Further, I made a minor mistake in attempting to enroll in the online banking capability and they were very helpful in assisting me to correct the error and complete my enrollment. So far, they have displayed solid attention to security steps and provided phone assistance to answer questions and get me set up. I would advise potential customers to unfreeze their credit reporting at the big three bureaus. My impression is that if you don't, you will not succeed in trying to open an account.

Please Read This Positive Review

Posted by: |

After reading several negative reviews, l would like to clarify how "linked" transactions work. Regarding daily ($5,000) and monthly ($20,000) deposit/withdrawal limitations: These limits ONLY apply for transactions "initiated" from your Vio external transactions panel. If you don't want to be limited by Vio's policies, simply establish your linked account(s) from an external source (other bank), and initiate transactions through THEM. This way, the linked institution's policies (if better) will supercede Vio's limitations. For instance, one of my linked banks has FAR greater transaction limits and no 5 day holds, etc. Simply put, wherever the transaction is "initiated" from determines whose policies will be enforced. Vio's FAQ page substantiates what I've noted, although in far less detail. My experience with Vio has been good to this point, including their customer service. Hope this helps.

Everyone Deserves A Second Chance.

Posted by: |

On June 12, i discovered the 2.52% APY rate that VIO Bank began offering on June 7 so I phoned with questions about limits on external transfers. Dominique was very cordial and answered all my questions. THEN, I read reviews on this site which contradicted what I was told by phone. Phones again and Casey gave me different information which mirrors the negative reviews on this website.

Thus, I kept my $ at other banks.

August 19, 2019, phoned VIO again because my other banks keep lowering their rates. Spoke to Alicia who confirmed the $5K daily and $20K monthly ACH limits if initiated at VIO website. I also confirmed that to close an account with a large amount there is no closing fee but wire transfer costs $18.

BOTTOM LINE: I will now go through the application process and report any new findings thereafter.

Money Stolen From My Savings Account With VIO And They Refuse To Return My Money

I opened an account with VIO the on line division of Midfirst Bank. It was fully funded by the end of April 2021. I signed onto my account May 28 2021 and saw there were 6 withdrawals made over a 2 week period ranging from $9000 to 9980 and totaling $58600, I notified them immediately and they told me to file a dispute which I did. About 2 weeks later they send me a letter saying the dispute was denied with no supporting documentation. I contact a supervisor at Midfirst and he tells me to file another dispute. I do it and I get a call saying they have recovered $16000 from the other bank, Sutton, and would deposit it into my account. I get a call at the end of the week saying they are still denying my dispute. They refuse to give me back my $42000 even though in their band disclosure it states if you are a victim of identity theft and something like this happens and you report it within 2 days your liability can be no more than $50.00. Then Fedex delivers to me a check for the balance of my money less the $42000 with a letter saying they are closing my account. If I were you and I found this out the hard way don't bank with Vioi Bank.



Data as of Q2 2021

Data displayed below is for insuring bank: MidFirst Bank
Learn why bank health matters

Health Grade Components

FDIC Certificate #4063
Year Established1911
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD2.85%
Return on Equity - YTD36.85%
Annual Interest Income$604.0MM
Assets and Liabilities
AssetsQ2 2021vs Q2 2020$31.05B$24.33B
LoansQ2 2021vs Q2 2020$25.23B$18.72B
DepositsQ2 2021vs Q2 2020$20.57B$16.08B
Equity CapitalQ2 2021vs Q2 2020$2.60B$1.59B
Loan Loss AllowanceQ2 2021vs Q2 2020$199.4MM$154.7MM
Unbacked Noncurrent LoansQ2 2021vs Q2 2020$61.2MM$42.2MM
Real Estate OwnedQ2 2021vs Q2 2020$15.0MM$12.5MM
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Vio Bank Savings Account Rates

0.51%$100-High Yield Online Savings Account

Vio Bank Money Market Rates

0.55%--Cornerstone Money Market

Vio Bank CD Rates

0.70%$500-120 Month High Yield Online CD
0.60%$500-84 Month High Yield Online CD
0.50%$500-60 Month High Yield Online CD
0.40%$500-48 Month High Yield Online CD
0.30%$500-36 Month High Yield Online CD
0.15%$500-9 Month High Yield Online CD
0.15%$500-12 Month High Yield Online CD
0.15%$500-24 Month High Yield Online CD
0.15%$500-18 Month High Yield Online CD
0.10%$500-6 Month High Yield Online CD

Vio Bank is an Internet only bank and does not have branch locations. Its headquarters is located at 501 NW Grand Boulevard - Oklahoma City, OK 73118

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.