Varo Bank: Online Banking

Name: Varo Bank: Online Banking
Rating: 4.9 (233529 reviews)
Author: Varo Money inc

Early Payday & Cash Advances

Free

234K Ratings
Ages

4+
In-App Controls
Category

Finance
Developer

Varo Money inc
Language

EN
+ 2 More
Size

102
MB

We are a real bank, built for the digital age. Member FDIC, backed by the full faith and credit of the U.S. Government. ONLINE BANKING • Early payday³ • No monthly, minimum balance, or overdraft fees¹ • 40k+ fee-free Allpoint® ATMs⁴ • Up to 5.00% annual percentage yield on first $5,000, quals apply⁷ • 2.50% APY on additional balances • Auto-saving tools • Unlike many money apps, we’re a real bank INSTANT CASH ADVANCES • Borrow up to $250 today by linking a qualifying account² • Work up to $500 cash advances over time with direct deposit² • Flat fee per cash advance • 30 days to repay LINE OF CREDIT • From $600 to $2,000, quals apply⁵ • No interest, late fees, or penalties • Simple flat fee • Payment periods between 3 and 12 months FREE SECURED CREDIT CARD⁶ • No credit check, interest, annual fees, or min security deposit • Reported to Equifax, Experian, & TransUnion • Quals: Must have an active Varo Bank Account in good standing & incoming deposits of $200 or more in the past 31 days SEND MONEY • Use recipient’s phone number or email address, even if they aren’t a Varo customer • Fast, secure, and free! DOWNLOAD NOW! • Signup in less than two minutes with no impact on your credit

Ratings & Reviews

4.9

out of 5

234K Ratings

DO NOT GO WITH Varo as your personal bank !!!
05/30/2024

iPhone broski
My so called “secured” banking card was breached so, like any other person would do I locked & cancelled my card through the app. I called to make sure that I’ve started a dispute, everything seemed to be going well. I was told that a provisional credit would be added to my account the next day. However, the provisional credit was never applied, subsequently taking my actual money being deposited into my account. I then called for again, this time being the THIRD TIME by the way to get a better understanding about what’s going on just for the supervisor to tell me (for the first time after speaking with three other team members) that my provisional credit is locked until the 90-day process has been completed. So, here I am stuck paying back a fraudulent charge I never even approved of!!! I HIGHLY RECOMMEND NOT USING VARO! If in the event that your account gets compromised you will be “penalized” by NOT having access to your believe card, or the money deposited into the account. Seriously, If I could rate at no stars, I would. TERRIBLE EXPERIENCE! & unfortunately, After being a trusted member for over four years this will be this last time Varo will ever provide me with ANY service they have to offer. 👎🏾👎🏾👎🏾

Developer Response
Hi there! We appreciate you for taking the time to leave us your honest feedback! We are sorry to hear you are experiencing this. We kindly ask to reach out via your registered email at appreview@varomoney.com, so our support team may gather more information. We look forward to hearing from you!
DO NOT GO WITH Varo as your personal bank !!!
05/30/2024

iPhone broski

My so called “secured” banking card was breached so, like any other person would do I locked & cancelled my card through the app. I called to make sure that I’ve started a dispute, everything seemed to be going well. I was told that a provisional credit would be added to my account the next day. However, the provisional credit was never applied, subsequently taking my actual money being deposited into my account. I then called for again, this time being the THIRD TIME by the way to get a better understanding about what’s going on just for the supervisor to tell me (for the first time after speaking with three other team members) that my provisional credit is locked until the 90-day process has been completed. So, here I am stuck paying back a fraudulent charge I never even approved of!!! I HIGHLY RECOMMEND NOT USING VARO! If in the event that your account gets compromised you will be “penalized” by NOT having access to your believe card, or the money deposited into the account. Seriously, If I could rate at no stars, I would. TERRIBLE EXPERIENCE! & unfortunately, After being a trusted member for over four years this will be this last time Varo will ever provide me with ANY service they have to offer. 👎🏾👎🏾👎🏾
Developer Response 06/01/2024
Hi there! We appreciate you for taking the time to leave us your honest feedback! We are sorry to hear you are experiencing this. We kindly ask to reach out via your registered email at appreview@varomoney.com, so our support team may gather more information. We look forward to hearing from you!
Used to be almost perfect & amazing, was the best free fastest mobile banking app
11/12/2024

K1NGPUFF
Fast simple cool designs absolutely free & fast with safe credit building and so much other features. BUTTTTTTTT the recent updates have ruined the banking app, I might have to start using one of my other 12 free mobile banks I have…. Unfortunately it’s sad. The long load times now are crazy, I can’t log in, it keep saying “Our wires got crossed we’re working on getting this fixed” which is so annoying and I never had this issue or any other issue with this app until a couple months ago or the latest updates actually and it’s so annoying. If this isn’t fixed soon I’m done using this bank I have been loyal for years for this?!?!? On top of you gotta make $2,500 and so much more to get benefits or access to money or borrowing just a decent amount. Other apps, competitors such as Chime have been updating their app to have way more better features including way less deposits required for benefits, access to paycheck early even if it’s not the entire thing and with low fees, low borrow fees, faster credit building, same safe credit building options. It’s really unfortunate to see this app go down hill, become slower and have technical issues, been using for like 4 years and I’ve told over 30 people about this amazing app, but if these issues aren’t fixed it’s not as good as it once was. All the deposits are almost twice other banks to get benefits or borrow and the borrow fees higher too.

Developer Response
Hi there! Thank you for sharing your experience! We kindly ask to reach out via your registered email at appreview@varomoney.com, so our support team may gather more information. We look forward to hearing from you!
Used to be almost perfect & amazing, was the best free fastest mobile banking app
11/12/2024

K1NGPUFF

Fast simple cool designs absolutely free & fast with safe credit building and so much other features. BUTTTTTTTT the recent updates have ruined the banking app, I might have to start using one of my other 12 free mobile banks I have…. Unfortunately it’s sad. The long load times now are crazy, I can’t log in, it keep saying “Our wires got crossed we’re working on getting this fixed” which is so annoying and I never had this issue or any other issue with this app until a couple months ago or the latest updates actually and it’s so annoying. If this isn’t fixed soon I’m done using this bank I have been loyal for years for this?!?!? On top of you gotta make $2,500 and so much more to get benefits or access to money or borrowing just a decent amount. Other apps, competitors such as Chime have been updating their app to have way more better features including way less deposits required for benefits, access to paycheck early even if it’s not the entire thing and with low fees, low borrow fees, faster credit building, same safe credit building options. It’s really unfortunate to see this app go down hill, become slower and have technical issues, been using for like 4 years and I’ve told over 30 people about this amazing app, but if these issues aren’t fixed it’s not as good as it once was. All the deposits are almost twice other banks to get benefits or borrow and the borrow fees higher too.
Developer Response 11/16/2024
Hi there! Thank you for sharing your experience! We kindly ask to reach out via your registered email at appreview@varomoney.com, so our support team may gather more information. We look forward to hearing from you!
Great banking, non-existent customer service
03/17/2021

BabySweetieBear
I’ve been a member of Varo for 2 years, and have to say that since it’s become Varo Bank, getting through to customer service seems impossible.With the old Varo, I had nothing but excellent customer service. They always answered the calls or emails. I’ve been trying to get through to customer service for a week now, but no luck 😑I start calling each morning at 8:00 when they open for business. There’s no wait time mentioned then, but no one answers. I’ll wait for an hour, then am told by the automated system that the wait time is less than 15 minutes. Um, no. It’s more like an hour. I don’t stay on beyond that. When called after 10:00 am, the estimated wait time is “ greater than 60 minutes “. Ugh. I just want to find out some important ( to me) information about a direct deposit that seems to be floating around in my old account. Emails aren’t answered either. Their inefficiency has become my problem, and there’s no way to get in touch. I hope someone from Varo bank reads this and makes it right. I don’t like being disappointed in Varo!

Developer Response
We’re very sorry for the long hold times recently. We’re currently experiencing extremely high volumes. We understand the importance of contacting customer support and are eager to assist with your request. We appreciate your patience during this time. Please remain on the line or contact us at appreview@varomoney.com!
Great banking, non-existent customer service
03/17/2021

BabySweetieBear

I’ve been a member of Varo for 2 years, and have to say that since it’s become Varo Bank, getting through to customer service seems impossible.With the old Varo, I had nothing but excellent customer service. They always answered the calls or emails. I’ve been trying to get through to customer service for a week now, but no luck 😑I start calling each morning at 8:00 when they open for business. There’s no wait time mentioned then, but no one answers. I’ll wait for an hour, then am told by the automated system that the wait time is less than 15 minutes. Um, no. It’s more like an hour. I don’t stay on beyond that. When called after 10:00 am, the estimated wait time is “ greater than 60 minutes “. Ugh. I just want to find out some important ( to me) information about a direct deposit that seems to be floating around in my old account. Emails aren’t answered either. Their inefficiency has become my problem, and there’s no way to get in touch. I hope someone from Varo bank reads this and makes it right. I don’t like being disappointed in Varo!
Developer Response 03/19/2021
We’re very sorry for the long hold times recently. We’re currently experiencing extremely high volumes. We understand the importance of contacting customer support and are eager to assist with your request. We appreciate your patience during this time. Please remain on the line or contact us at appreview@varomoney.com!
🤦🏽‍♀️
08/15/2021

KoreanQueen25!
It doesn’t make sense that you have to make 1,000 dollars within 30 days in order to use the advance feature which lets you borrow money until pay day but if I was making 1,000 a week or could have it within 30 days I wouldn’t be borrowing money from you all that really makes the feature pointless to those who really need it it doesn’t make sense nor does it seem fair especially to a loyal customer who’s been with you all for a while and never let my account go into the negative until I recently was told I had to make 1,000 within 30 days to even be qualified for an advance. I really thought about just closing my account because of that simple inconvenience being that it was the only reason I had started with Varo and because I could save more with having a saving account, but many other apps have the same feature at this point and would be reasonable when it comes to borrowing money until payday. Also I’ve been with you all since the first varo app that was out all the way up until the new app so I feel as if there should at least a membership where if you’ve been so long and have direct deposit set up then you should qualify it’s not like it’s not already setup where you all will receive your money soon as it hits the account so it’s something to put into consideration not only for me a loyal customer but for the rest of your customers in general. Thank you

Developer Response
Hi there, we appreciate your feedback and have forwarded it to the appropriate parties. The current eligibility requirements can be found in our FAQ's. Please go here https://bit.ly/39xshJR to learn all about the qualifications for Varo Advance!
🤦🏽‍♀️
08/15/2021

KoreanQueen25!

It doesn’t make sense that you have to make 1,000 dollars within 30 days in order to use the advance feature which lets you borrow money until pay day but if I was making 1,000 a week or could have it within 30 days I wouldn’t be borrowing money from you all that really makes the feature pointless to those who really need it it doesn’t make sense nor does it seem fair especially to a loyal customer who’s been with you all for a while and never let my account go into the negative until I recently was told I had to make 1,000 within 30 days to even be qualified for an advance. I really thought about just closing my account because of that simple inconvenience being that it was the only reason I had started with Varo and because I could save more with having a saving account, but many other apps have the same feature at this point and would be reasonable when it comes to borrowing money until payday. Also I’ve been with you all since the first varo app that was out all the way up until the new app so I feel as if there should at least a membership where if you’ve been so long and have direct deposit set up then you should qualify it’s not like it’s not already setup where you all will receive your money soon as it hits the account so it’s something to put into consideration not only for me a loyal customer but for the rest of your customers in general. Thank you
Developer Response 08/17/2021
Hi there, we appreciate your feedback and have forwarded it to the appropriate parties. The current eligibility requirements can be found in our FAQ's. Please go here https://bit.ly/39xshJR to learn all about the qualifications for Varo Advance!

Varo Advance just got even better! Now you can borrow up to $250 in minutes when you link a qualifying account.² It's a quick and easy way to get some extra cash when you need it most. Quals apply. We're also rolling out continued bug fixes and performance enhancements to keep the Varo app running smoothly for you. Update your app to access the latest and greatest.

Version 4.21.3

5d ago

Data Linked to You

The following data may be collected and linked to your identity:
- Financial Info
- Location
- Contact Info
- Identifiers
- Usage Data
- Diagnostics
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The following data may be collected but it is not linked to your identity:
- Contacts

Privacy practices may vary, for example, based on the features you use or your age. Learn More

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Early Payday & Cash Advances

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What’s New

Version 4.21.3

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