Account Closure
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How much do I need to fund on my first deposit?
For Velo, you must fund a minimum of $2,500 within 30 days to open the Checking Account. This must be done in one deposit. Anything below $2...
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How much time do I have to fund my account before it is automatically closed?
Checking accounts must be funded within 30 days of opening. Accounts that are not funded within 30 days, or that at any time maintain a $0 b...
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How do I re-open my Velo checking account if it has been automatically closed due to non-funding?
Simply initiate a transfer to your Velo checking account within the first 30 days after you receive auto-closure notification and when the f...
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Can I still access my mobile and online banking account information after closure?
You’ll be able to access and save your Velo eStatements through the Velo mobile app or online banking for 60 days after account closure.