Vio Bank Review

How does your bank stack up?

  • Financial Rates: 3.5 Star Icon
  • Customer Service: 2.5 Star Icon
  • Website Experience: 5.0 Star Icon
  • Bank Fees: 5.0 Star Icon
Advertiser Disclosure
Savings/MMA · Member FDIC Insured


  • Competitive interest rates
  • Low required opening amounts
  • Variety of CD terms available
  • No monthly fees


  • Limited personal accounts offered
  • Customer service not available 24/7
  • No business accounts offered
  • Specific transfer regulations

What You Need to Know

Vio Bank offers competitive interest rates on their CDs and high yield savings account. The interest rates are much higher than typical brick and mortar bank rates. Vio Bank interest rates are competitive with other online accounts. They monitor their interest rates to keep them competitive with national rates.

Vio Bank accounts have low opening required amounts. All the different CD terms only require $500 to open. The high yield savings account only requires $100 to open.

Vio Bank offers a good variety of CD terms. The CDs range in length from six-month to 120-month terms. Each of the CDs requires $500 to open. They are all FDIC insured and can be opened online. The CD terms all earn competitive interest rates.

The savings account at Vio Bank does not have a monthly fee. There is no required balance to avoid a monthly fee. The CDs only have a fee if the money is withdrawn before the maturity date of the CD.

Vio Bank offers limited personal deposit accounts. Only a personal savings account and CDs are available. The CD terms range from six-months to 120-months. No checking or money market accounts are available.

Customers cannot reach a Vio Bank representative 24/7. Customer service has specific hours of operation. They are open Monday through Friday from 7:00 a.m. to 9:00 p.m. Central Time. Saturday they are open from 8:00 a.m. to 6:00 p.m. Sunday they open from 12:00 p.m. to 4:00 p.m.

Vio Bank does not offer business accounts. Only personal deposit accounts are available. Those accounts include a personal high yield savings account and CDs. The CDs range in term from six-month CDs to 120-month CDs.

Money can only be transferred from the savings account to external bank accounts. If you want to make a wire transfer, you must submit the forms 72 hours before the transfer takes place. Federal regulations only allow six withdrawals per month from your savings account.

Cool Things

Savings Calculators

The Vio Bank website offers savings calculators. Calculate how to reach a specific goal or how interest rates affect your savings goals. Calculate how much money you will have after ten years or how much to save to become a millionaire.


Vio Bank is an online division of MidFirst Bank. MidFirst Bank is one of the five largest privately-owned banks in the United States. They have over $15 billion in assets and $1.5 billion in capital. MidFirst Bank has over 600,000 customers. They offer banking services in Oklahoma, Arizona, California, Colorado, and Texas.

With Vio Bank, MidFirst can offer accounts to more than just those who live around a branch location. Vio Bank offers accounts across the nation. They offer an online savings account and CDs.

Awards and Recognition

  • Best High Yield Savings Account by CNBC
  • MidFirst Bank received Superior Bank Safety Rating from IDC

Frequently Asked Questions

Is Vio Bank FDIC insured?

Yes. Vio Bank is FDIC insured. The FDIC is an agency of the United States government that protects funds deposited in banks, up to $250,000 per customer, per bank. The money deposited in FDIC insured banks means money is backed by the full faith and credit of the United States government.

How do I access my money?

Through electronic transfers or wire transfers. Only the savings account can have money transferred into external accounts. A wire transfer requires 72-hour notice before it is to take place.

Does Vio Bank offer mobile banking?

Mobile banking with Vio Bank is coming soon. With the app, you will be able to transfer money, check account balances, and see account history. You must enroll in online banking before you can use mobile banking.

Is Vio Bank free?

Yes. There are no monthly fees for the Vio Bank savings account. There is not a required balance to keep in the savings account to avoid a fee. The only fee CDs have is if you withdraw the money before the maturity date.

Is Vio Bank a good bank?

The accounts offer competitive interest rates. Vio Bank in an entirely only bank. There are no branch locations. Vio Bank only offers a savings account and CDs. No checking accounts or business accounts available.

Is Vio Bank secure online?

Vio Bank uses security measures that comply with federal law. Their computer, files, and buildings are secure and have safeguards. Vio Bank encrypts account information.

Does Vio Bank offer competitive interest rates?

Yes. Vio Bank offers competitive interest rates. Their rates are competitive with other online accounts. Interest rates are not tiered. Any balance earns the competitive rate.

Can I use Vio Bank for my business accounts?

No. Vio Bank only offers a personal deposit savings account and CDs. No business accounts or checking accounts are available.

How is Vio Bank online banking different from the online banking my bank offers?

Vio Bank is an entirely online bank. There are no branch locations. The interest rates are more competitive than other brick and mortar bank rates. Everything for your account is online.

Do Vio Bank checking accounts pay interest?

Vio Bank does not offer checking accounts. The only accounts offered are a savings account and CDs.

How do I reach customer service?

Email, mail, or phone. Customer service has specific hours they are available. You can follow Vio Bank on Facebook or Twitter. Vio Bank does not have branch locations.

Does Vio Bank offer bill pay?

No. No checking or money market accounts are available through Vio Bank. Because of this, bill pay is not offered with Vio Bank accounts.

Can I deposit cash?

No. Deposit money through electronic deposits or wire transfers.

How long do transfers take?

Deposits made through electronic transfers are typically available the same business day.

Can I sign up for direct deposit to Vio Bank accounts?

Yes, money can be directly deposited into Vio Bank accounts. Money can only be deposited into Vio Bank CDs during the grace period before maturity.

Bank Contact Information

Vio Bank
P.O. Box 76149
Oklahoma City, OK 73147

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American Express
Savings (Rate as of 7/18/2024)
APY 4.25%
Rate 4.16%
For APY $0
Monthly Fee $0.00
Min to Avoid Fee $0
Checkbook No
Member FDIC
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Savings (Rate as of 7/18/2024)
APY 4.50%
Rate 4.50%
For APY $0
Monthly Fee $0.00
Min to Avoid Fee $0
Checkbook No
Member FDIC
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