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 Savings Drops To 2.27% APY - 10/11/2019

Following several other banks, the savings rate at Vio Bank dropped to 2.27% APY on 10/11/2019, from it's previous rate of 2.42%.

New Rate Leader - Vio Bank's High Yield Online Savings, 2.52% APY - 6/7/2019

Vio Bank's High Yield Online Savings (2.52% APY) is now the rate leader for nationally available savings accounts that do not require a large minimum balance.

Online Savings Account 2.52% APY - 6/7/2019

Benefits of a High Yield Online Savings Account: Flexibility to grow your money and access it when needed. We regularly monitor the competition to ensure our rates are some of the best in the nation. Interest is compounded daily, growing your money fast. Your money is FDIC insured up to $250,000.00 Only $100 minimum to open. Six free withdrawals per monthly statement cycle. No monthly fee.

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VIO New Customer

Posted by: Dbak7Q8FM | Oct 24, 2019

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: DaveB | Aug 10, 2019

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: weltwon | Jun 12, 2019

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.

Not Trustworthy

Posted by: mlb | Aug 24, 2019

Like many here, we made application for a joint account with VIO. Before advancing the application, we read 20+ pages of information. By the time we got to the end of application, we timed out & had to reapply. We reapplied but only to learn that it couldn't be processed. Two phone calls later we learned we had been denied. They refused to tell us why for "security reasons." Meanwhile all our personal information is out there. PLUS we have excellent credit without any financial problems ever & we were shocked that we were denied without reason. I learned a denial is an adverse action & they are required to tell me why my application was denied. Customer Service was contacted & their reply was nonresponsive to my request for the reason for denial. I will continue to pursue this with MidFirst & FDIC, but will never bank with them EVER. Very poor customer service. Very disappointing.



Data as of Q3 2019

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 - YTD1.4%
Return on Equity - YTD15.95%
Annual Interest Income$626.2MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$21.61B$16.47B
LoansQ3 2019vs Q3 2018$15.38B$11.93B
DepositsQ3 2019vs Q3 2018$11.55B$8.66B
Equity CapitalQ3 2019vs Q3 2018$1.71B$1.70B
Loan Loss AllowanceQ3 2019vs Q3 2018$112.5MM$112.5MM
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$30.3MM$69.6MM
Real Estate OwnedQ3 2019vs Q3 2018$23.0MM$22.2MM
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Vio Bank Savings Account Rates

1.95%$100-High Yield Online Savings Account

Vio Bank CD Rates

1.80%$500-60 Month High Yield Online CD
1.75%$500-48 Month High Yield Online CD
1.70%$500-9 Month High Yield Online CD
1.70%$500-36 Month High Yield Online CD
1.65%$500-6 Month High Yield Online CD
1.65%$500-12 Month High Yield Online CD
1.65%$500-24 Month High Yield Online CD
1.60%$500-18 Month High Yield Online CD
1.40%$500-120 Month High Yield Online CD
1.30%$500-84 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.