Join the first all-digital bank in the country! No monthly fees on Varo Bank Accounts.
LET’S DITCH THE FEES
Your Varo Bank Account comes with a contactless Varo Bank Visa® Debit Card — which you can safely lock in seconds in your mobile banking app — but none of these fees:
- No fees at 55,000+ Allpoint® ATMs worldwide in stores like Target, CVS, and Walgreens - No foreign transaction fees - No monthly maintenance fee - No ACH transfer fee
Plus: - No minimum balance requirement - Get paid up to two days early with direct deposit^ - Use Google Pay™ and Samsung Pay™ for quick, contactless payments
MANAGE YOUR MONEY EASILY
Your Varo Bank Account helps you stay in control of your money.
- Get an instant cash advance of up to $100^^ - Instantly send money to anyone who uses Varo - Track spending and account activity with instant alerts - Link external accounts to see all your outside finances in one place - Transfer money to and from external accounts - We’ll mail checks for you for free
SAVE AND EARN MORE
Save and earn money easily and automatically with a high-yield Varo Savings Account. - Automatic savings tools let you save money without thinking - There’s no minimum balance required to open an account - Start earning 0.81% APY*, and then earn up to 2.80% APY* if you meet these requirements each qualifying period** ● Make at least five qualifying Varo Bank Visa® Debit Card purchases AND ● Receive qualifying total direct deposits of $1,000 or more
Additionally, you will need to meet these daily balance requirements at close of business during the calendar month: ● Do not exceed a daily savings balance of $10,000 for the entire calendar month AND ● Keep your bank and savings account balances greater than or equal to $0.00
STAY SAFE AND SECURE Keeping your money and data protected is at the top of our list.
- Your deposits are FDIC insured up to $250,000 through Varo Bank, NA; Member FDIC - Your debit card is protected with Visa® Zero Liability*** - Your data is protected with advanced 256-bit AES-level encryption, access control, secure processes, and audits
If you’re a current customer with a Varo loan, we strongly recommend you do not switch to the Android app right now. We’ll start offering lending services for Android next year!
^Early access to direct deposit funds depends on timing of the payer’s submission of deposits. We generally post such deposits on the day they are received which may be up to 2 days earlier than the payer’s scheduled payment date.
^^To qualify for a Varo Advance your account must be at least 30 days old with a balance of $0.00 or greater, with qualifying direct deposits in the Varo Bank Account and/or Varo Savings Account of at least $1,000 over the past 31 days. Your Varo Bank Account and/or Savings Account must not be overdrawn, and your Varo Bank Account cannot be suspended or closed. For Advances over $20, Varo will review your payment history and qualifications monthly and may increase your credit limit.
*Annual Percentage Yield (APY) is accurate as of October 1, 2020. These rates are variable and may change. No minimum balance required to open an account. Balance in Savings must be at least $0.01 to earn interest.
**The qualifying period begins the first calendar day of the month and ends at close of business on the last business day of the month
***You must notify your financial institution immediately of any unauthorized use. For specific restrictions, limitations and other details, please consult Varo Bank Customer Service.
Google Pay is a trademark of Google LLC. Samsung Pay is a trademark or registered trademarks of Samsung Electronics Co. Ltd. Samsung Pay is available on select Samsung devices.
Banking Services provided by Varo Bank, N.A. Member FDIC. Visa® Debit Card is issued by Varo Bank, N.A. pursuant to a license from Visa U.S.A. Inc and may be used everywhere Visa debit cards are accepted.