Checking & Savings accounts
One seamless banking experience. Spend, save, and grow your money — all from a single dashboard designed for clarity and control.
Checking account
Your everyday spending account with a unique account number and routing number. Enjoy real-time balance updates, unlimited transactions, instant peer-to-peer transfers, and downloadable statements.
High-yield savings
Open multiple savings plans alongside your checking account. Earn competitive APY, track compound growth daily, and set automated deposits. Flexible withdrawals — no penalties.
Everything you get with a Velovance account
Instant transfers
Send money to any Velovance account in seconds — 24/7, 365 days a year. Real-time confirmation and unique transaction references for every move.
International payments
Send money to over 150 countries using IBAN, SWIFT/BIC, or local transfer methods. Competitive exchange rates and full payment tracking included.
Real-time balance
Your balance updates instantly with every transaction. No waiting days for pending charges or deposits to clear.
Transaction history
Full searchable history of every transaction. Export statements in CSV or PDF for tax purposes or personal record-keeping.
Two-factor authentication
Protect your account with multi-factor authentication via authenticator app or SMS. Real-time fraud alerts on every transaction.
Instant notifications
Email notifications for every deposit, withdrawal, and transfer. Stay informed about every movement in your account.
Checking vs. Savings — at a glance
| Feature | Checking | Savings |
|---|---|---|
| Purpose | Everyday spending, bills, transfers | Building wealth, emergency fund, goals |
| Interest rate | 0.00% APY | Competitive tiered APY |
| Minimum balance | $0 — no minimum | $100 minimum to open |
| Monthly fee | $0 — no monthly fees | $0 — no monthly fees |
| ATM access | 55,000+ fee-free ATMs | Not applicable |
| Debit card | Included (virtual & physical) | Not applicable |
| FDIC insured | Up to $250,000 | Up to $250,000 |
Choose the savings plan that fits your goals
Flexible savings
No minimum balance · Withdraw anytime
Perfect for emergency funds or short-term goals. Access your money whenever you need it with no penalties.
Growth CD
$1,000 minimum · 12-month term
Lock in a higher rate for 12 months. Great for medium-term goals like a vacation or down payment fund.
Premium CD
$10,000 minimum · 24-month term
Maximum returns for long-term savers. Build wealth faster with our highest available APY.
Open an account in 3 simple steps
Fill out the application
Provide your basic information — name, email, phone, and identity verification. Takes about 5 minutes.
Verify your identity
Upload a government-issued ID and complete our secure KYC verification process.
Fund your account
Make an initial deposit via bank transfer or crypto. Your account is ready to use immediately.
Start banking better today
Join thousands of customers who trust us with their everyday banking and long-term savings.
Open an account →No credit check · No minimum balance · Cancel anytime
Member FDIC. Deposits held at Velovance are insured up to $250,000 per depositor.
Annual Percentage Yields (APYs) are current as of June 19, 2026 and subject to change without notice.
See our Rate Disclosures for complete terms and conditions.