Varo has average check clearing waiting times. They have cash advances. They have a credit builder card. The cash load is not free but relatively easy even though the limit is pretty low. They do no... See more
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Review summary
Created with AI, based on recent reviews
What people talk about most
Reviews shaping this summary
I enjoy the various Locations to load my Varo Debit Card and Varo Credit Card. When shopping, sometimes, I spend money periodically and while I"m at the business. I can load funds so I don't have to s... See more
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I have alot going on knowing exactly when my money will be deposited help alot with someone has anxiety. I just wish the app would be little bit better for people that has vision disability I have a... See more
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Simple to sign up and get started. The tools make understanding your options easy. I would ignore a lot of the noise they generate after you get started of lines of credit or the secured card. Those p... See more
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Company details
About Varo Bank
Written by the company
Take control of your money.
Join a bank that sets you up for a better financial future. From getting your paycheck 2 days early to no-fee banking to cash advances when you need them, peace of money starts here.
FDIC insured – backed by the full faith
and credit of the U.S. government.
Free Banking
No monthly fees, 40,000 fee-free ATMs, and cash deposits for $0 at over 7,000 CVS nationwide.1
Learn More* Loans and optional services have fees
Early Direct Deposit
Get paid up to 2 days early when you set up your direct deposit with Varo.2
Learn More
Varo Advance
One of the highest cash advance amounts around. Once qualified, borrow up to $250 instantly and $500 over time.3
Learn More
High APY Savings
Save more with our super high Annual Percentage Yield. Earn 5.00% on your first $5,000.4
Learn More
Varo Believe Credit Builder
No interest, no fees, no credit history required. Just an easy way to build your credit.5
Learn More
Varo Line of Credit
The best way to access cash when you need it. Borrow between $600-$2,000. Eligibility required.6
Learn More
Varo to Anyone
Send money to anyone, no matter where they bank. It’s fast, free, and secure.
Learn More
1 Fees apply to out-of-network withdrawals & cash deposits, Varo Advance, and Varo Line of Credit. A full list of Varo fees can be found here.
2 We give you access to your direct deposits from employer and government payers on the day we receive them, which is typically up to 2 days earlier than your scheduled pay date.
3 Based on April 2024 internal Varo research among single standalone loans with repayments of 30 days or less, no subscription fees or early wage payment requirements. Varo Advance(VA) is a small dollar line of credit. Initial limits range from $20-$250, work your way up to $500 over time. Fees range from $1.60 - $40 based on loan amount. Current limit can be viewed in the Varo App. Only one outstanding advance at a time, must be repaid in full prior to requesting a new advance. Varo Bank Account, with minimum Qualifying Direct Deposit (QDD) of $800 in current or previous calendar month required. Limits and eligibility evaluated daily and may change at any time. Qualifying direct deposits are electronic deposits of your paycheck, pension or government benefits (such as Social Security or unemployment) from your employer or government agency to the extent that can be identified. Tax refunds and government stimulus payments, Person-to-Person payments (such as Venmo or Varo to Anyone), and funds deposited using a Varo routing number are not considered a direct deposit. Add'l qualifications apply.
4 Annual Percentage Yield (APY) is accurate as of December 11, 2024. Start earning 2.50% APY, then qualify to earn 5.00% APY on your balance up to $5,000.00 next month by 1) Receiving direct deposit(s) totaling $1,000 or more; and 2) End the month with a positive balance in all your Varo Accounts. Qualifying direct deposits are electronic deposits of your paycheck, pension or government benefits (such as Social Security or unemployment) from your employer or government agency to the extent that can be identified. Tax refunds and government stimulus payments, Person-to-Person payments (such asVenmo or Varo to Anyone), and funds deposited using a Varo routing number are not considered a direct deposit.
5 Varo Believe is a secured credit card designed to help you build credit; however, a variety of factors impact your credit and not all factors are equally weighted. You must add money before using, money added sets the spending limit. Funds spent are held in your Varo Believe Secured Account to pay off any balance in full monthly, when due. Quals apply.
6 The Varo Line of Credit (VLOC) is a short term loan with credit limits ranging from $600 - $2000. A flat fee of $60 to $400 is assessed with each advance based on the amount. Once qualified your credit limit may fluctuate based on a variety of factors. You may only take one VLOC advance out at a time. Eligibility and/or credit limit information is available in the Varo App. Quals apply.
Contact info
United States
- varomoney.com
4.1
Great
6K reviews
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I started off liking this bank
I started off liking this bank, however, my advance amount drops even though Ipaid it before the dure date. I was told the system automatically determines it. My last deposit was late which was strange but it came the next day. Didn't have an issue with it coming early before. Otherwise I do like the bank but honestly, I may change. I'll see how it goes.
July 13, 2026
Reply from Varo Bank
IID: 76aa98ac-6aa0-4016-894e-fbcbb674d1f6
The customer left a review because they were not happy with the Advance eligibility
Review Response: We appreciate your review and we assure you that this is not an experience we want our customers to have. We want to better understand the issues you’ve been facing and provide some ways forward where we can. Though we can’t directly assist here, our 24/7 live chat support is available in the Varo app— just select My Varo > Help and support > Chat with us and our chatbot will guide you through your issue and get you connected to a live agent if needed. We’re dedicated to getting this resolved for you.
Very easy user friendly app with great
Very easy user friendly app with great customer service and easy transactions!
July 19, 2026
Reply from Varo Bank
It’s feedback like this that drives us to keep pushing forward—thanks for being part of the community!
Dont let u get intacash to borrow or…
Dont let u get intacash to borrow or anything u have to wait until u get to a certain limit
July 19, 2026
Reply from Varo Bank
IID: 75dc1b89-0baa-41b9-869f-651940d11017
The customer left a negative review because they were not happy with the lending limits
Review Response: We appreciate your review and we assure you that this is not an experience we want our customers to have. We want to better understand the issues you’ve been facing and provide some ways forward where we can. Though we can’t directly assist here, our 24/7 live chat support is available in the Varo app— just select My Varo > Help and support > Chat with us and our chatbot will guide you through your issue and get you connected to a live agent if needed. We’re dedicated to getting this resolved for you.
I really never had any problems can not…
I really never had any problems can not get greater than that.
July 16, 2026
Reply from Varo Bank
It’s feedback like this that drives us to keep pushing forward—thanks for being part of the community!
Reply from Varo Bank
It’s feedback like this that drives us to keep pushing forward—thanks for being part of the community!
Reply from Varo Bank
It’s feedback like this that drives us to keep pushing forward—thanks for being part of the community!
I’ve never had a bank that allowed me…
I’ve never had a bank that allowed me to borrow! I will bank with Varo for a lifetime !
July 18, 2026
Reply from Varo Bank
It’s feedback like this that drives us to keep pushing forward—thanks for being part of the community!
Cannot access my money
July 18, 2026
Reply from Varo Bank
IID: b388b9cc-12e0-4531-b126-ab0027e2bdeb_20260327
The customer left a negative review because they were unable to access their account
Review Response: We appreciate your review and we assure you that this is not an experience we want our customers to have. We want to better understand the issues you’ve been facing and provide some ways forward where we can. Though we can’t directly assist here, our 24/7 live chat support is available in the Varo app— just select My Varo > Help and support > Chat with us and our chatbot will guide you through your issue and get you connected to a live agent if needed. We’re dedicated to getting this resolved for you.
Very misleading advertisement too many…
Very misleading advertisement too many rules. The interest rate drop 4.4 point to 3.75 in one month
July 1, 2026
Reply from Varo Bank
IID: f019fcc4-4c52-4110-8036-26323e735345_20260516
The customer left a negative review because they were not happy with the savings account interest rates
Review Response: We appreciate your review and we assure you that this is not an experience we want our customers to have. We want to better understand the issues you’ve been facing and provide some ways forward where we can. Though we can’t directly assist here, our 24/7 live chat support is available in the Varo app— just select My Varo > Help and support > Chat with us and our chatbot will guide you through your issue and get you connected to a live agent if needed. We’re dedicated to getting this resolved for you.
u have one check get rejected and u …
u have one check get rejected and u put a pause on mobile deposit
July 15, 2026
Reply from Varo Bank
IID: 4338988e-2efb-416a-bba7-05ba9fefec07_20260511
The customer left a negative review because they were not happy with the Mobile check deposit features.
Review Response: We appreciate your review and we assure you that this is not an experience we want our customers to have. We want to better understand the issues you’ve been facing and provide some ways forward where we can. Though we can’t directly assist here, our 24/7 live chat support is available in the Varo app— just select My Varo > Help and support > Chat with us and our chatbot will guide you through your issue and get you connected to a live agent if needed. We’re dedicated to getting this resolved for you.
False advertising
Your ad said up to 250 can be borrowed as an advance my advanced was $20 which didn't mean no good at all so I'm not happy at all
July 10, 2026
Reply from Varo Bank
IID: c2314201-5215-4bd8-8a55-01480dd184a7
The customer left a negative review because they were not happy with the advance limits
Review Response: We appreciate your review and we assure you that this is not an experience we want our customers to have. We want to better understand the issues you’ve been facing and provide some ways forward where we can. Though we can’t directly assist here, our 24/7 live chat support is available in the Varo app— just select My Varo > Help and support > Chat with us and our chatbot will guide you through your issue and get you connected to a live agent if needed. We’re dedicated to getting this resolved for you.
As soon as I qualified for 5% apr
As soon as I qualified for 5% apr, Varo conveniently dropped their high yield savings to 3.75%.
May 1, 2026
Reply from Varo Bank
IID: d614cbcb-2ff3-480b-9c36-497e2ade1232_20260508
The customer left a negative review because they were not happy with the APY on savings account
Review Response: We appreciate your review and we assure you that this is not an experience we want our customers to have. We want to better understand the issues you’ve been facing and provide some ways forward where we can. Though we can’t directly assist here, our 24/7 live chat support is available in the Varo app— just select My Varo > Help and support > Chat with us and our chatbot will guide you through your issue and get you connected to a live agent if needed. We’re dedicated to getting this resolved for you.
Easy to use and so convenient
Easy to use and so convenient- I’ve ditched all my physical cards!
July 17, 2026
Reply from Varo Bank
It’s feedback like this that drives us to keep pushing forward—thanks for being part of the community!
Well
Well, can’t connect my bank account to it. I also can’t connect my debit card to it so I have it if I can’t use it for what I’m doing so you need to fix those issues because you won’t have customers.
July 17, 2026
Unprompted review
Reply from Varo Bank
The customer left a negative review because they were not happy as they were not able to link external account to Varo
Review Response: We appreciate your review and we assure you that this is not an experience we want our customers to have. We want to better understand the issues you’ve been facing and provide some ways forward where we can. Though we can’t directly assist here, our 24/7 live chat support is available in the Varo app— just select My Varo > Help and support > Chat with us and our chatbot will guide you through your issue and get you connected to a live agent if needed. We’re dedicated to getting this resolved for you.
Varo has average check clearing waiting…
Varo has average check clearing waiting times. They have cash advances. They have a credit builder card. The cash load is not free but relatively easy even though the limit is pretty low. They do not send or receive wires. Overall, no frills but no fees so pretty good banking experience. Especially if your other banks have all closed your accounts.
July 16, 2026
Reply from Varo Bank
Love to hear it! At Varo, service and simplicity are a priority. Thank you for taking the time to share this experience! We look forward to continuing to serve our customers for many years to come.
Very great banking service
Very great banking service! Easy free cash withdraws and I get paid two days early. The app is very easy to use
July 16, 2026
Reply from Varo Bank
It’s feedback like this that drives us to keep pushing forward—thanks for being part of the community!
Great bank but the loan options are…
Great bank but the loan options are unfair. I got a lot of deposits and no loan but 20.
July 1, 2026
Reply from Varo Bank
IID: 5eb4c13d-83cb-4937-9a71-6d2b38c69c20
The customer left a review because they were not happy with the Advance eligibility
Review Response: We appreciate your review and we assure you that this is not an experience we want our customers to have. We want to better understand the issues you’ve been facing and provide some ways forward where we can. Though we can’t directly assist here, our 24/7 live chat support is available in the Varo app— just select My Varo > Help and support > Chat with us and our chatbot will guide you through your issue and get you connected to a live agent if needed. We’re dedicated to getting this resolved for you.
Not happy
I am very unforgiving when it comes to banks. I do not like it when I can't get it to my app becuase of the damn password taht you have had me change at least 6 times.
July 16, 2026
Reply from Varo Bank
IID: c28f0ad0-5f85-4262-ad68-afc062feff39
The customer left a negative review because they were not able to login to their Varo app
Review Response: We appreciate your review and we assure you that this is not an experience we want our customers to have. We want to better understand the issues you’ve been facing and provide some ways forward where we can. Though we can’t directly assist here, our 24/7 live chat support is available in the Varo app— just select My Varo > Help and support > Chat with us and our chatbot will guide you through your issue and get you connected to a live agent if needed. We’re dedicated to getting this resolved for you.
Reply from Varo Bank
Love to hear it! At Varo, service and simplicity are a priority. Thank you for taking the time to share this experience! We look forward to continuing to serve our customers for many years to come.
Holding my disputed credit amount…
Holding my disputed credit amount instead of giving me back the money I need to repurchase the item
July 16, 2026
Reply from Varo Bank
IID: 66168c78-074a-407d-9386-b821e18d3c74_20260502
The customer left a negative review because they were not happy with the dispute timeliness
Review Response: We appreciate your review and we assure you that this is not an experience we want our customers to have. We want to better understand the issues you’ve been facing and provide some ways forward where we can. Though we can’t directly assist here, our 24/7 live chat support is available in the Varo app— just select My Varo > Help and support > Chat with us and our chatbot will guide you through your issue and get you connected to a live agent if needed. We’re dedicated to getting this resolved for you.
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