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Welcome to mobile banking that charges no monthly fees, lets you get paid up to two days early with direct deposit^, offers easy automatic saving tools, and gives you new ways to manage your money. Forget everything you know about banking. This is banking that actually helps.


Your Varo Bank Account comes with a Varo Visa® Debit Card — which you can safely lock in your mobile banking app — but none of these fees:

- No Fee Overdraft up to $50 (see requirements below)
- No fees at 55,000+ Allpoint® ATMs worldwide
- No foreign transaction fees
- No monthly maintenance fee
- No ACH transfer fee
- No debit card replacement fee

- No minimum balance requirement
- Get paid up to two days early with direct deposit^


Your Varo Bank Account helps you stay in control of your money.

- Instantly send money to anyone who uses Varo
- Deposit checks in the app
- We’ll mail checks for you for free
- 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


Save and earn money easily and automatically. First get a Varo Bank Account, then set up your high-yield Varo Savings Account.

-Automatic savings tools let you save money without thinking
-No minimum balance requirement to earn interest
-Start earning 1.92% APY*, then earn 2.80% APY* if you meet these three requirements each calendar month:
Keep a savings balance of $50,000 or less
Make at least five qualifying Varo Visa Debit Card purchases each calendar month, AND
Receive total direct deposits of $1,000 or more in the same calendar month


To be eligible for No Fee Overdraft to overdraw your Varo Bank Account up to $50 on any transaction made with your Varo Visa Debit Card you must meet both of these requirements:

- Make at least five qualifying Varo Visa Debit Card purchases in each calendar month, AND
- Receive total payroll or government direct deposits of $1,000 or more in the same calendar month.

Once you qualify, enroll by turning on No Fee Overdraft in the app.


Keeping your money and data protected is at the top of our list.

- Your deposits are FDIC insured to at least $250,000 through The Bancorp Bank; 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 have any questions, or just want to find out more, contact our friendly Utah-based Customer Service 7 days a week, except federal holidays.


^Early access to direct deposit funds depends on timing of 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.

*Varo Annual Percentage Yields (APYs) are accurate as of January 16, 2020. The rates are variable and may change. No minimum balance required to open account. Balance in Savings must be at least $0.01 to earn interest.

1 Source: FDIC, February 2020: fdic.gov/regulations/resources/rates/

‡You must notify your financial institution immediately of any unauthorized use. For specific restrictions, limitations and other details, please consult your issuer.

Bank Account Services provided by The Bancorp Bank; Member FDIC. The Varo Visa Debit Card is issued by The Bancorp Bank pursuant to a license from Visa U.S.A. Inc and may be used everywhere Visa debit cards are accepted.

What’s New

Version 2.8.9

Courageously conquering bugs and enhancing the app so we can make banking even easier for you. Keep sending your feedback and questions to help@varomoney.com!

Ratings and Reviews

4.8 out of 5
38.2K Ratings

38.2K Ratings

Erica_Lauren1 ,


I had no problems with Varo up until an hour ago. First the chip on my card over the last week has not been working but since I didn’t get a phone call stating there was any sort of problem I kept using it by swiping instead. Fast forward to today. I am in Burlington cost factory and need to make two separate purchase my chip doesn’t work nothing new there, transaction went through by swiping. Now I go to do the second transaction and it declines, three times. I call Varo to only find out they have FROZEN my account without Even so much as a phone call. Ever other bank CALLS you FIRST to see if it’s you before they freeze your money. Now I am stranded without any money for at least 48 hours and a supervisor wouldn’t even speak to me!! This is not acceptable not to mention embarrassing when you’re in the store. A bank should not have any right to keep YOU from your OWN MONEY!! Needless to say once this gets straightened out I’ll be closing my account and telling everyone I know to not do business of any kind with VARO who holds your own money hostage and leaves you broke so you can’t even put gas in your car if you need to. And the fact the supervisor wouldn’t talk to me is extremely unprofessional and to me speaks volumes, they know they did wrong otherwise why wouldn’t he speak to me? I’m beyond upset and completely stressed out over this.

Developer Response ,

Hi Erica - We're sorry to hear about your service experience. We will reach out to you directly to explain and correct this situation. We have emailed you at your registered email address. If you have any additional concerns or questions, please reply to that email. We're here to help!

astiiiiiiiiiiiiiiiiiiiii ,

It’s a good “First Time Bank Acct”

I actually enjoy Varo! It’s structured nicely and the layout is easy to find your way around. I really do like the fact that there isn’t a maintenance fee. I’m using Varo as an alternative because I was having fraudulent issues with a chain Bank who refused to close the account. I’ve had a good experience with Varo EXCEPT for how long it takes for the mobile check to be deposited. If the check is over $200, do not expect your funds for 1-5 business days (and hopefully you’ll remember to deposit the check before the weekend!). This is a good bank to have if you’re new to banking or only making less than $200 deposits. I once made a deposit that was over $580 and I had $200 deposited the next day, while waiting for the remaining to be deposited 7 days later (5 business days + the wknd). I have a check that is over $250 and I’m waiting on the $200 to be deposited one day, and the remaining two days from now. Also, the balance doesn’t automatically refresh all of the time - so it’s very important that you keep mental (or noted) track of your transactions. Again! GREAT app, but it’s better suited for part-time workers or retail employees who are barely making $300. I’ll definitely be looking into a different bank after Varo, hopefully a credit union. It’s also kind of strange that they offer linking your Cashapp to Varo, but there is no clear instruction on how to execute that.

Developer Response ,

Hello! Thank you so much for the feedback! We always look for ways to improve so we are constantly changing our processes. We hear your concerns with the mobile check deposit availability time frame, please note timing depends on how long the account has been open and account history so it is very possible for the time frame and limit of your check deposit to change to what best suits your account needs. If you ever need to deposit a check higher than your limit or need emergency access, always feel free to contact our customer service team at help@varomoney.com!

If you are having trouble linking an external account, please contact our team so we can assist further. With that, I would also like to invite you to participate in a neat feature we have called, "Suggest a Feature" right in your Varo mobile app. Here you can add an idea or you can vote on an existing one you find would be helpful for your banking needs!

Devonte112233445566778899p ,

Money Issues

I ordered a pizza on my debit card through Varo and they for some reason didn’t approve the whole amount of the pizza, even though the money was there. Pizza Hut cancels my order for being $4 short (which I even transferred more money from my saving to the checking to cover it) they said there was going to be a $30 hold on my card and that they refunded me the money for the order and couldn’t tell me why my card was declining. A week a day later the $30 hold is still on my card. I called Pizza Hut customer service and they have even expressed and EMAILED me saying they have already refunded the money and it should be there by now. This happened on a Tuesday the 8th... its now Wednesday...: the 16TH! When I called Varo they said it would be off by MONDAY... the 13th. I am a college student and had no extra money for the weekend to eat. I legit ate the same pizza for 3 days because of this. I WILL BE SWITCHING BACK TO “SIMPLE”. At least my paycheck was consistently deposited into my account the SAME TIME every week & I never had an issue with this stupid Authorization charge. Not to mention they know their app needs an update and they still haven’t made the changes... maybe worry less about overdrafts and more about quality service. Seriously can’t wait to get paid TODAY so I can switch my Direct Deposit back to SIMPLE!

Side note : somehow my comment keeps getting deleted but no worries. I have it saved in my notes, nothing a copy and paste can’t solve 😌

Developer Response ,

We're very sorry if you received service that was anything less than great. That is definitely not the experience we want our customers to have. We appreciate you providing us with this feedback. However, this is not a private platform and I would love to assist you further with this issue but I wasn't able to find your account with your Apple ID Could you email us at appreview@varomoney.com so we can review your situation further? Once you email us, we'll be sure to assist you as soon as possible!


Varo Money, Inc.
230.1 MB

Requires iOS 11.0 or later. Compatible with iPhone, iPad, and iPod touch.



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