Welcome to mobile banking that charges no fees, lets you get paid up to 2 days early with direct deposit^, offers easy automatic saving tools, and gives you new ways to manage your money.
LET’S DITCH THE FEES
Your no-fee Varo Bank Account comes with a Varo Visa® Debit Card — which you can safely lock in your mobile banking app — and much more:
- No fees at 55,000+ Allpoint® ATMs worldwide
- No foreign transaction fees
- No monthly maintenance fee
- No minimum balance requirement
- No ACH transfer fee
- No other fees¹
- Get paid up to 2 days early with direct deposit^
- Use Apple Pay™ for quick and easy payments
MANAGE YOUR MONEY EASILY
Your no-fee Varo Bank Account helps you stay in control of your money.
- 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 finances in one place
- Transfer money to and from external accounts
SAVE AND EARN MORE
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 2.12% APY*, then earn up to 2.80% APY* — make sure your balance doesn’t exceed $50,000 and you meet both of these requirements:
- Receive payroll or government direct deposits totaling at least $1,000 per month into your Varo Bank Account
- Use your Varo Visa Debit Card for at least 5 purchases each month (excluding ATM or over-the counter cash withdrawals and peer-to-peer transfers)
STAY SAFE AND SECURE
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
NEED A HAND?
If you have any questions, or just want to find out more, contact our friendly Utah-based Customer Service 7 days a week.
¹Varo charges no fees for banking services. While Varo does not charge fees for ATM withdrawals, some ATM operators will. To avoid ATM fees altogether, use an Allpoint® Network ATM. There are more than 55,000 Allpoint locations worldwide.
^Faster access to funds is based on comparison of traditional banking policies and deposit of paper checks from employers and government agencies versus deposits made electronically. Direct Deposit and earlier availability of funds is subject to payer’s support of the feature and timing of payer’s funding.
*Varo Annual Percentage Yields (APYs) are accurate as of June 6, 2019. 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.
‡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.
Apple Pay is a trademark of Apple Inc.
Courageously conquering bugs and enhancing the app so we can make banking even easier for you.
Keep sending your feedback and questions to firstname.lastname@example.org!
Ratings and Reviews
Loving my account, but one dislike...
I am very happy with 99% of Varo, from account to Customer service, but my one dislike is that when I open the app, I find it so confusing seeing all of my linked accounts, and needing to really double check how much money is actually in my Varo account and not a total amount between all of my banks... I kind of primarily open the Varo app to double check my Varo balance prior to using my Varo card, and certainly can’t make any purchases using the amount available between each of my linked accounts, so I personally feel like that feature should be set further in the background and not the main attraction when you open the app. I absolutely do like having the ability to see everything together at a glance, but I truly hate it being so difficult to zone in on the Varo account, which is the major reason why you would open the app instead of opening the app for your other accounts, no?? It would be nice if maybe you could be able to customize your home screen to focus on what’s most important to each person.... Not a big enough reason to make me dislike the bank account, but just something that irks me about the app itself...
CONVENIENT, BUT STILL NEEDS A TON OF WORK!!!
I just so happened to find Varo in app store & tried it out. After my acct was open & I received my card, I quickly realized just how difficult it is to get money into the darn account other than Direct Deposit! The most frustrating part is that you can link your other bank accts to Varo acct (AWESOME RIGHT??!! WRONG!!!) It's almost IMPOSSIBLE!!! They put you through 10 steps that you have to keep watching or coming back to, but don't wait too long because then you have to start all over!!! VERYYYYYY hard to tell what company to select because they have too many options for each Bank!! EX: Capital One, my credit card acct SHOULD EASILY CONNECT through the "Capital One Credit Cards" option, you'd think that's simple enough to assume it's correct...??!! Right??? NOPE!!!! GOOD LUCK!!! No matter how many times I tried to get it connected, no matter how many different Capital One options I tried to look it through... IT JUST DOESN'T WORK!!!!! I went through TWO days worth of trying LITERALLY, just to get my Bank Of America checking acct linked!!! It's ssooooo frustrating!! They absolutely NEED to make their app/website options EASIER AND PEOPLE FRIENDLY... If they can do that, I'm sure Varo will be around for a long time!!!
PS: and get a better Customer Service department!
Developer Response ,
We're sorry to hear about your experience linking your bank accounts. We continue to work on improvements to the linking process, making connections easier and more reliable. If you send a message to email@example.com we can certainly help troubleshoot your accounts connections.
Very poor customer service and responses.
I had some unauthorized charges to my account. My debit card was stopped and a new one was to be issued. It’s has been 3 weeks and counting and i still have not received a replacement card. In the meantime I am unable to purchase anything and all my monthly bills tied to the old debit card are “bouncing”. When I call customer service I’m being told that to get a replacement for the replacement they have to cancel the originally replacement and issue another card which will take another 3-5 business days. That’s four weeks to get a replacement card and no way to pay my bills.
I get a response from developers that my address may not have been correct or the card may have got lost in the mail. BULL! I received a letter from Varo concerning the investigation of the unauthorized charges. Mind you I reported to the bank on April 23, 2019 and the letter was dated May 3, 2019. The letter had no problems getting to me. Where is the replacement debit card? I called Varo reporting not receiving the card by the date promised. Now I have to wait another 3-5 business days for an “expedited” replacement card. Meanwhile I still have no access to my money in order to pay my bills or anything else. I continue to receive the standard response from customer service of “sorry for your inconvenience but there is nothing we can do other than make you wait.”
Developer Response ,
We're sorry to hear about your experience. We take precautions to ensure that cards are delivered to the accurate address. Unfortunately, items can still be lost in the mail. We're constantly working to improve our customer experience and would like to look deeper into the delivery of your card. Will you please contact us at firstname.lastname@example.org and reference this review? That will allow us to look specifically into your case. We're here to help!
- Varo Money, Inc.
- 169.4 MB
Requires iOS 10.0 or later. Compatible with iPhone 5s, iPhone 6, iPhone 6 Plus, iPhone 6S, iPhone 6S Plus, iPhone SE, iPhone 7, iPhone 7 Plus, iPhone 8, iPhone 8 Plus, iPhone X, iPhone XS, iPhone XS Max, iPhone XR, iPad Air, iPad Air Wi-Fi + Cellular, iPad mini 2, iPad mini 2 Wi-Fi + Cellular, iPad Air 2, iPad Air 2 Wi-Fi + Cellular, iPad mini 3, iPad mini 3 Wi-Fi + Cellular, iPad mini 4, iPad mini 4 Wi-Fi + Cellular, 12.9-inch iPad Pro, 12.9-inch iPad Pro Wi-Fi + Cellular, iPad Pro (9.7‑inch), iPad Pro (9.7-inch) Wi‑Fi + Cellular, iPad (5th generation), iPad (5th generation) Wi‑Fi + Cellular, iPad Pro (12.9‑inch) (2nd generation), iPad Pro (12.9‑inch) (2nd generation) Wi‑Fi + Cellular, iPad Pro (10.5‑inch), iPad Pro (10.5-inch) Wi‑Fi + Cellular, iPad (6th generation), iPad Wi-Fi + Cellular (6th generation), iPad Pro (11-inch), iPad Pro (11-inch) Wi-Fi + Cellular, iPad Pro (12.9-inch), iPad Pro (12.9-inch) Wi‑Fi + Cellular, iPad mini (5th generation), iPad mini (5th generation) Wi-Fi + Cellular, iPad Air (3rd generation), iPad Air (3rd generation) Wi-Fi + Cellular,and iPod touch.
- Age Rating
- Rated 4+
- © 2018 Varo Money, Inc.
With Family Sharing set up, up to six family members can use this app.
Get things done within this app using just your voice.