Join the first all-digital bank in the country! No monthly fees on Varo Bank Account.


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

- No minimum balance requirement
- Get paid up to two days early with direct deposit^
- Use Apple Pay™ for quick, contactless payments


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


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 0.20% APY*, and then earn up to 3.00% APY on a balance as little as a penny 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 $5,000 for the entire calendar month AND
● Keep your bank and savings account balances greater than or equal to $0.00


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


^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 $20 Advances, your qualifications will be evaluated daily. For Advances over $20, fees apply, and your payment history and qualifications will be reviewed monthly for any credit limit increases. To continue to qualify for Advances, payments must be made timely. Visit for information on qualifying direct deposits and fees.

*Annual Percentage Yield (APY) is accurate as of March 23, 2021. The 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.

Apple Pay is a trademark of Apple Inc.
© 2021 Varo Bank, N.A. All Rights Reserved
Varo Bank, N.A. Member FDIC. The Varo 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.

What’s New

Version 2.5.0

Add Varo to your favorite widgets to quickly view your Varo Bank Account and Varo Savings Account balances. Simply tap and hold anywhere on your home screen, click the + button on top, and find Varo Bank

Ratings and Reviews

4.6 out of 5
5.2K Ratings

5.2K Ratings

AnneBeebanannie ,


I have nothing but positive things to say about Varo. I absolutely love this bank!! They are there for the people who literally live from paycheck to paycheck and cover for me if the need be. Every other bank I had stole so much of my money from me!! It actually sickens me to calculate the expenses that they sucked from me in overdrafts and even extra overdraft fees on top of the $35 every single time I needed them to be there for as a valued customer who banked with them for years. Not once in 10 years did they help me. The worst part is I now know how badly they treated me by holding my money for weeks at a time holding back my government benefits every month for 10 years. It’s unethical and wrong to treat anyone that way charge me an overdraft fee when you have had my money when I needed it most and charged me over and over and over the figure comes up to several thousand dollars when I actually saw what they had so unfairly done to me by switching to Varo holy cow praise Jesus they have treated me more than fair and I will always give VARO praise. Thank goodness you showed me what the old bank had been doing to me I am so glad I switched to Varo they are the best bank and their customer service over the phone is outstanding. Like I said in the beginning I have nothing but praise to say about this bank Varo is the best bank I ever had!!!! VARO ROCkS

SweeTsOkc ,

Going on 3yrs

I’ve been using Varo since 2018, and it’s pretty cool. I’ve also banked with Chase, IBC, and MidFirst. A physical bank comes in handy if you’re living paycheck to paycheck and need that money on your card that day. Varos’ answer; if you have direct deposit then you can get paid early like with other popular apps. So that’s even better. And if you’re not in a rush you can just take a picture of the check and it’ll be in there the next day of the week. And you can deposit cash by green dot cards. But the customer service is better than any other bank I’ve had. And I’ve yet to run into any issues. They are also always ontop of the new. They were one of the first to get the cards you can just tap like Apple Pay etc. idk I’m easy going so this bank works out well for me. And the early pay is cool. If you need a bank I’d recommend this Forsure. If your bank is troublesome or anything switch over. If it’s not then only switch if you need to get paid earlier

Nacita Moore ,

Nothing but ongoing issues since they switched to Varo Bank

Since Varo received their charter to become a bank there has been nothing but ongoing issues with them ever since. From glitches with activation to account glitches, swiping your card and paying for items glitches, weird account error message glitches...I got annoyed with it all and moved my DD back to Chime temporarily hoping that maybe one day Varo will get it together and I would potentially switch back. I did leave my account opened to deposit and cash checks via mobile deposit. They used to have a great turn around time with that. I have been using this service for over a year or two. Well now they are slacking in that area also. Banks make their money based on how much funds you hold in your account at the end of the day. So you would think they would be doing everything they can to keep their customers happy. Hmph not this bank. It was fine when they were Varo Money. I don’t understand why they chose to switch over. It’s been nothing but chaos ever since. I’m to the point where I am so disappointed with these folks that I am about to close my account completely. I gave them the benefit of the doubt. I gave them many chances and months to redeem themselves. I’m so disappointed especially after speaking so highly of their services. It’s very saddening and very unfortunate.

Developer Response ,

Hi Nacita! Our goal here at Varo is to provide the best mobile banking experience possible. We were sorry to hear your experience has been anything but extraordinary. We just reached out to you via email, let's continue the conversation there!

App Privacy

The developer, Varo Money inc, indicated that the app’s privacy practices may include handling of data as described below. For more information, see the developer’s privacy policy.

Data Linked to You

The following data may be collected and linked to your identity:

  • Financial Info
  • Location
  • Contact Info
  • Identifiers
  • Usage Data
  • Diagnostics

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


  • Family Sharing

    With Family Sharing set up, up to six family members can use this app.

More By This Developer

You May Also Like