Yes. Vio Bank deposits are FDIC-insured through MidFirst Bank, a Member FDIC institution.
Deposits at Vio Bank are insured by the Federal Deposit Insurance Corporation (FDIC) up to $250,000 per depositor, per ownership category, because Vio Bank is a division of MidFirst Bank, a Member FDIC institution.
FDIC insurance is a federal government protection that covers deposit accounts at insured banks in the event of a bank failure. It ensures that depositors receive their insured funds quickly and in full, up to applicable limits.
No depositor has ever lost a single penny of FDIC-insured funds since the FDIC was established in 1933.
The standard FDIC insurance amount is $250,000 per depositor, per insured bank, for each ownership category. This means your total coverage depends on how your accounts are structured and titled.
Ownership categories are the different ways deposit accounts can be held, and each category is insured separately. Common ownership categories include single accounts, joint accounts, certain retirement accounts such as IRAs, and trust accounts.
Deposits held in different ownership categories at the same bank are insured separately, which may allow for total coverage above $250,000 when accounts are properly structured.
FDIC insurance covers deposit products such as savings accounts, money market accounts, and certificates of deposit (CDs). These accounts are protected up to applicable limits when held at an FDIC-insured institution.
FDIC insurance does not cover investments such as stocks, bonds, mutual funds, life insurance policies, or annuities, even if these products are purchased through a bank.
Vio Bank operates as a division of MidFirst Bank, so deposits held at Vio Bank are considered deposits at MidFirst Bank for FDIC insurance purposes. This means your Vio Bank balances are combined with any other deposits you may hold at MidFirst Bank when calculating your total coverage.You can independently verify MidFirst Bank’s FDIC membership by using the FDIC’s BankFind tool and searching for “MidFirst Bank.”
If an FDIC-insured bank fails, the FDIC protects insured depositors by ensuring access to their covered funds, typically within a short period of time. This protection applies automatically—depositors do not need to apply for coverage.
Yes. Vio Bank deposits are FDIC-insured through MidFirst Bank, a Member FDIC institution.
The FDIC insures deposits up to $250,000 per depositor, per insured bank, for each ownership category.
Because Vio Bank is a division of MidFirst Bank, deposits held at Vio Bank are combined with any deposits held at MidFirst Bank when calculating total FDIC coverage.
FDIC insurance protects covered deposits, ensuring depositors receive their insured funds up to applicable limits, typically within a short period of time.
You can verify FDIC insurance by searching for MidFirst Bank in the FDIC’s BankFind tool, which confirms its status as a Member FDIC institution.