Good Experience So Far
Opened account online. I knew the answers to my credit check quiz so no problems there.
You have to separately enroll in Mobile Banking, after which I called, got through instantly to a CSR, who finished the enrollment and I had online access that day. Was able to make test deposits from my other online bank account the next day.
I pushed $1500 to the newly opened Vio account. There appears to be no hold when you PUSH money to the account.
So far, very smooth expeirence. The one contact with the CSR was fast, courteous, and she was empowered to help me.
Transferring Funds
I was dismayed to find out could only transfer 5000 a day or 20,000 a month. There is also small limit to how much an external bank can pull out. But you can have VIO wire the money which they did. Took a day extra but was able to get my funds out more quickly
Any Way To Avoid $5 Inactivity Fee
I hesitate to open this account because of "
$5 Per month after 12 months of inactivity"
https://www.viobank.com/Documents/Vio/Vio_OnlineSavings_FeeSchedule.pdf
$5K/Day Withdrawal Limit
Stay away from this bank - you can only withdraw $5k/day from a Savings account to your own bank accounts. Savings accounts should be liquid and readily accessible. Limits like this on a savings account give me no confidence about the financial stability of a bank (especially an online bank).
Data as of Q4 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 4063 |
| Year Established | 1911 |
| Employees | 2686 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.84% |
| Return on Equity - YTD | 17.9% |
| Annual Interest Income | $662.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $17.23B$14.73B |
| Loans | Q4 2018vs Q4 2017 | $12.48B$10.78B |
| Deposits | Q4 2018vs Q4 2017 | $8.84B$8.01B |
| Equity Capital | Q4 2018vs Q4 2017 | $1.69B$1.49B |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $112.5MM$101.5MM |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $90.7MM$68.1MM |
| Real Estate Owned | Q4 2018vs Q4 2017 | $20.9MM$35.2MM |
Always verify rates and promotions with the bank or credit union. We are not Vio Bank; we are a rate comparison website and cannot provide official rates or promotions.
Vio Bank Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.46% | $100 | - | High Yield Online Savings Account |
Vio Bank CD Rates
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