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

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.

18Th Century Banking

While VIO offers a better interest rate than many, we were quite surprised by the stunningly antique style of doing business. We were closing on a house and went to do a wire transfer to the escrow company. Can't do it online. No digital form. Instead, we had to download a PDF with many fields and then manually send it in. It was then rejected because we use a digital signature (which we didn't). We then resubmitted it and were told that we needed to fill out yet another form and had to have it notarized. All this to do a wire transfer. At that point we weren't able to close on time. They held our money hostage. If I wanted to recreate Pony Express technology I would have bought a horse.



Data as of Q3 2021

Data displayed below is for insuring bank: MidFirst Bank
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Health Grade Components

FDIC Certificate #4063
Year Established1911
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD2.7%
Return on Equity - YTD33.83%
Annual Interest Income$897.0MM
Assets and Liabilities
AssetsQ3 2021vs Q3 2020$31.28B$28.17B
LoansQ3 2021vs Q3 2020$25.67B$22.51B
DepositsQ3 2021vs Q3 2020$20.37B$17.86B
Equity CapitalQ3 2021vs Q3 2020$2.72B$1.80B
Loan Loss AllowanceQ3 2021vs Q3 2020$189.0MM$175.9MM
Unbacked Noncurrent LoansQ3 2021vs Q3 2020$49.7MM$63.8MM
Real Estate OwnedQ3 2021vs Q3 2020$12.6MM$12.0MM
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Vio Bank Savings Account Rates

0.50%$100-High Yield Online Savings Account

Vio Bank Money Market Rates

0.56%--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.