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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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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Can't do what I want with my own money or debit card
I tried to transfer money from my debit card to my PayPal and you would not let me do that I'm very disappointed and you not let me do what I want with my own money they said my name must match My debit card on my PayPal well my name is the same I ain't change my damn name at all and it's just keeping me from doing what I need to do thank you
July 2, 2026
Reply from Varo Bank
IID: 7f931d3d-cd01-4ddf-a94a-39d4aae513a0
The customer left a negative review because they were not able to transfer funds from their debit card to paypal 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.
Reply from Varo Bank
The customer left a negative review because they feel Varo is a scam.
Review Response : We’re not a scam, and we’ve got the banking charter to prove it! If you have any other concerns with an account, please visit the link in our bio so we can get in touch.
Well so far everything has been good
Well so far everything has been good. Although I'm still waiting for my check to post. But It didn't post until 5pm last week. I'm hoping that it's earlier this week. Other than that. Varo Banking is great.
July 1, 2026
I make over $800 a month and it will…
I make over $800 a month and it will only let me borrow $20 at a time. That’s ridiculous.
July 1, 2026
Ive been with varo for a while now
Ive been with varo for a while now. My son’s father passed away in March and I started receiving my son’s Social Security survivor benefits in April and have been fighting with Social Security over the past two months so that I could start receiving his back pay amount because at the end of May I became homeless per se. My phone broke the first week of June and lost my wallet the first week of June as well due to being homeless and I had no idea that my back pain for my son was deposited on June 12. That’s what I’ve needed for the past two months so that I can purchase a vehicle and get a place for my son so that he has a roof over his head so finally when I find out I got my back Money at the end of June I went out and purchased a new phone so I could access my bank account and when all of a sudden done I received an email from this company stating that they need to verify my identity I guess because of the dollar amount that was deposited into my account, which is my son‘s backpay amount from his father passing away and now I have to jump through hoops just to verify my identity and who I am just so that you people don’t close my account out and send me a check which is gonna take me longer to receive my son’s money not to mention his regular monthly benefits are deposited into this bank account, so be perfectly honest with you, I’m probably going to call Customer Service this morning and see if I can just go ahead and close my account have the money sent after my son gets his monthly benefit this month and then just go ahead and open up a new bank account somewhere because this is actually caused me more hindrance than help being Varo! It’s a shame because I actually really do like this bank never had any issues all the way up until now and it’s crazy. You can’t even see the Social Security is the ones who deposited my son‘s back pay amount of $15,772..! I mean, I don’t understand what the freaking problem is! But like I said, it’s OK because I’m gonna call today and see if you all can use some other type of verification as far as proof of address because if not then I’m gonna see that go ahead closing my account out you guys actually could’ve made a lot of money off of my account but all of a sudden because of transaction stuff which is like I said hey Social Security deposit for Survivor benefits for my son I have to verify who I am and it’s absolutely ridiculous because I shouldn’t have to do that. I am who I am. I seriously exhausted. Some random Hojo schmo is going to deposit $15,000 in my bank account. !!
June 26, 2026
Reply from Varo Bank
IID: 6eaad1b1-fc7c-4030-ae6d-d8c39031c8fa
The customer left a negative review because they were not able to login to the Varo 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.
If I could rate zero I would
If I could rate zero I would. I was loving Varo paying before Advance date. I got a a Credit Card with them and never used it seen my credit score dropped 55 points. Look nothing changed but I wasn’t using the credit card never activated the card. Not knowing your credit score.impact your Advance. I call myself paying early as usual and they let you borrow the money right back. I made arrangements on my light bill not knowing they were going to deduct my Advance. Crazy part I up my direct deposit o over $700 in Varo account. For them to drop it down $100 never been late always paid early. My lights was turned off because arrangement wasn’t kept. I closed my Savings and changed to CashApp as long as you paying on time or early they never go down they only go up. I would never recommend this bank. I thought it was good bank. They move backwards to me.
June 25, 2026
Unprompted review
Amazing App!!
This app has been a life saver, I have been able to do direct deposit, cash checks and so much more!! I would recommend this app to anyone!!
June 30, 2026
Great fast and very easy to navigate…
Great fast and very easy to navigate when sending and receiving money
June 30, 2026
Varo lowered my advance amount even…
Varo lowered my advance amount even though I have been paying everything on time every time.
June 29, 2026
Best online bank
Best online bank . Been with them two months always get my direct deposit early and now they have zelle!
June 29, 2026
Love this card their the best so far
June 29, 2026
Accessibility
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 stop at a Bank. One less of a trip.
June 29, 2026
Reply from Varo Bank
Thanks for the kind words! We’re so glad to be a part of many success stories and look forward to continuing to serve our customers! 🎉
Faster loan an advance system
June 29, 2026
Reply from Varo Bank
Varo offers loan products with limits up to $2000. Our loan products have clear and upfront fees and no late fees. Eligibility is required, but you can visit varomoney.com to learn more!
Super Easy to Get Up and Running
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 products are fine they just are a little overly aggressive at trying to push you into them.
June 29, 2026
Reply from Varo Bank
We’re thrilled to hear about your positive experience! Varo’s mission is all about making banking more inclusive. Thank you for trusting us on your journey—we’re excited to keep supporting you!
Online banking with Varo is easy.
I love the convenience of an online bank. Take money and go to a location, put it on, and you are good to go. Direct Deposit is even easier. Scanning a check is difficult for me, however, I made it work.
June 26, 2026
Reply from Varo Bank
We’re thrilled to hear about your positive experience! Varo’s mission is all about making banking more inclusive. Thank you for trusting us on your journey—we’re excited to keep supporting you!
All good experiences so far.
June 29, 2026
Reply from Varo Bank
Thank you so much for sharing your experience! At Varo, we’re committed to making banking empowering for everyone. We’re here to help you reach your financial goals, every step of the way!
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