Varo Bank: Online Banking
com.varomoney.bank
by Varo Bank, N.A.
Screenshots
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About this app
Varo isn’t just an online banking app. We are a real bank, built for the digital age. Accessible to you—with free online banking, early payday⁴, high yield savings³, credit score monitoring¹⁴, easy credit building⁷, automatic cashbackᵟ, instant cash advances (once qualified)⁵, and more. Fees apply to loans and out-of-network withdrawals/cash depositsᐞ.
Member FDIC—mobile banking backed by the full faith and credit of the U.S. Government.
FREE ONLINE BANKING
• Early payday⁴
• No minimums or hidden fees*
• Free debit card
• Free cash deposits at CVS®ᙾ and withdrawals at 40k+ in-network ATMs²
• Free credit score monitoring¹⁴
• Automatic cashback¹¹—no activation required or single-day windows
• Mobile check deposit (quals apply)ᵟ
• Track spend by category
• Digital wallet (select customers)ᵟ
• WE’RE A REAL BANK—unlike many money apps
HIGH YIELD SAVINGS
• Up to 5.00% APY, annual percentage yield, on balances up to $5,000 (quals apply)³
• Receive 2.50% APY on remaining balances
• Save money faster with automatic saving tools
EASY CREDIT BUILDER
• Free secured credit card for credit building⁷
• No credit check, interest, annual fees, or min security deposit
• Build credit by only spending what you have¹⁵
• Track spend by category
• Automatic payments available via Safe Pay¹⁶
• Reported to Equifax, Experian, and TransUnion
• Pre-existing credit scores saw a 40+ point increase on avg after 3 months of on-time payments⁸
• 90% of users with no credit score had a score after one month¹⁷
• Quals: Must have an active Varo Bank Account in good standing & incoming deposits of $200 or more in the past 31 days.
INSTANT CASH ADVANCES
• Borrow money instantly between $20 and $250, once qualified
• Work your way up to $500 cash advances over time⁵
• Cash advance funded directly into your online bank account
• 30 days to repay (better than a payday advance)
• One-time flat fee per cash advance
• Automatic payments available for money advances¹⁸
PERSONAL LINE OF CREDIT
• Unsecured personal line of credit ranging from $600 to $2,000 (quals apply)¹⁰
• No interest, late fees, or penalties
• Simple flat fee structure
• Personal loan funded instantly, once qualified
• Money added to your online bank account
• Credit line with affordable monthly payments
• Payment periods between 3 and 12 months
CASHBACK BONUS
• New mobile banking customers get +50% cashback in their first 30 days with Varo!¹¹
SEND MONEY
• Send money to anybody, even if they aren’t a Varo customer
• Transfer money using recipient’s phone number or email address
• Fast, secure, and free!
DOWNLOAD NOW!
• Signup for an online bank account
• Takes less than two minutes
• No impact on your credit
—
Disclosures
¹⁴ Varo displays credit data at our discretion to customers that opt in
¹⁵ Your spending limit can’t exceed your available to spend balance in your Varo Believe Secured Account, up to $2,500 per day for purchases or $1,000 a day for cash advances, totaling no more than $10,000 total per billing cycle
¹⁶ By enrolling in Safe Pay, you authorize Varo Bank to auto pay your Varo Believe Card balance in full at the end of your billing cycle from funds in your Varo Believe Secured Account, before your actual due date. If the amount owed is more then your Secured Account balance your payment will not be made. You will have twenty-one (21) days to deposit additional funds to make your payment on time
¹⁷ As of November 14, 2024. Data based on comparison between VantageScore® 3.0 score from the initial pull after Believe card activation and the VantageScore® 3.0 score pulled after one month of reporting Believe Card activity. Individual results may vary
¹⁸ Set up an automatic payment to your Varo Advance Account on any date you choose between 15 and 30 days from the day you get your Advance
ᐞ A full list of Varo fees can be found at https://www.varomoney.com/varo-fees
ᙾ See “Free Cash Deposits at CVS®” screenshot above
ᵟ Additional information: https://www.varomoney.com/disclosures/
Member FDIC—mobile banking backed by the full faith and credit of the U.S. Government.
FREE ONLINE BANKING
• Early payday⁴
• No minimums or hidden fees*
• Free debit card
• Free cash deposits at CVS®ᙾ and withdrawals at 40k+ in-network ATMs²
• Free credit score monitoring¹⁴
• Automatic cashback¹¹—no activation required or single-day windows
• Mobile check deposit (quals apply)ᵟ
• Track spend by category
• Digital wallet (select customers)ᵟ
• WE’RE A REAL BANK—unlike many money apps
HIGH YIELD SAVINGS
• Up to 5.00% APY, annual percentage yield, on balances up to $5,000 (quals apply)³
• Receive 2.50% APY on remaining balances
• Save money faster with automatic saving tools
EASY CREDIT BUILDER
• Free secured credit card for credit building⁷
• No credit check, interest, annual fees, or min security deposit
• Build credit by only spending what you have¹⁵
• Track spend by category
• Automatic payments available via Safe Pay¹⁶
• Reported to Equifax, Experian, and TransUnion
• Pre-existing credit scores saw a 40+ point increase on avg after 3 months of on-time payments⁸
• 90% of users with no credit score had a score after one month¹⁷
• Quals: Must have an active Varo Bank Account in good standing & incoming deposits of $200 or more in the past 31 days.
INSTANT CASH ADVANCES
• Borrow money instantly between $20 and $250, once qualified
• Work your way up to $500 cash advances over time⁵
• Cash advance funded directly into your online bank account
• 30 days to repay (better than a payday advance)
• One-time flat fee per cash advance
• Automatic payments available for money advances¹⁸
PERSONAL LINE OF CREDIT
• Unsecured personal line of credit ranging from $600 to $2,000 (quals apply)¹⁰
• No interest, late fees, or penalties
• Simple flat fee structure
• Personal loan funded instantly, once qualified
• Money added to your online bank account
• Credit line with affordable monthly payments
• Payment periods between 3 and 12 months
CASHBACK BONUS
• New mobile banking customers get +50% cashback in their first 30 days with Varo!¹¹
SEND MONEY
• Send money to anybody, even if they aren’t a Varo customer
• Transfer money using recipient’s phone number or email address
• Fast, secure, and free!
DOWNLOAD NOW!
• Signup for an online bank account
• Takes less than two minutes
• No impact on your credit
—
Disclosures
¹⁴ Varo displays credit data at our discretion to customers that opt in
¹⁵ Your spending limit can’t exceed your available to spend balance in your Varo Believe Secured Account, up to $2,500 per day for purchases or $1,000 a day for cash advances, totaling no more than $10,000 total per billing cycle
¹⁶ By enrolling in Safe Pay, you authorize Varo Bank to auto pay your Varo Believe Card balance in full at the end of your billing cycle from funds in your Varo Believe Secured Account, before your actual due date. If the amount owed is more then your Secured Account balance your payment will not be made. You will have twenty-one (21) days to deposit additional funds to make your payment on time
¹⁷ As of November 14, 2024. Data based on comparison between VantageScore® 3.0 score from the initial pull after Believe card activation and the VantageScore® 3.0 score pulled after one month of reporting Believe Card activity. Individual results may vary
¹⁸ Set up an automatic payment to your Varo Advance Account on any date you choose between 15 and 30 days from the day you get your Advance
ᐞ A full list of Varo fees can be found at https://www.varomoney.com/varo-fees
ᙾ See “Free Cash Deposits at CVS®” screenshot above
ᵟ Additional information: https://www.varomoney.com/disclosures/
App Information
Version Name
3.42.0
Version Code
773098
File Size
88.1 MB
Minimum OS
Android 9+
Target SDK
Android 34
Developer
Varo Bank, N.A.
Contact
Website
Content Rating
Everyone
Package Name
com.varomoney.bankPermissions Required
This app may request the following permissions:
Recent Reviews
Ashley Wills
1.0★
I'm giving it 1 star because when it comes to mobile check deposits, they lack in the worst way ever!! If you are like me and need your money same day or even the same week, don't use it!! I recieved a check from unemployment, I used the mobile deposit feature on the app and it says it's "under review". That process alone can take 1-2 business days and then another 5-7 to actually receive the money. I'm beyond annoyed and I will never use it again!! In fact, I'm closing my account once it clears
Igor G.
1.0★
Displays weird error messages to the user: GraphQL Oops Something went wrong. Disrespectful. Now I was able to sign up, but the mobile app keeps logging me out and asking me to verify with authentication code through my email every time. This is super annoying and wasted my time. UPDATE: today, Oct 2, they actually blocked the whole app and the whole website from anybody using it. I can't believe it. They are holding my money and I can't even use it!
david walling
1.0★
so I used the line of credit, accidentally doubled a payment which paid it off EARLY, and find out that they cut off my line of credit. when I requested the payment to be paid back, they treated me like an idiot for paying it in full. they tell me it's an automated system, and there's nothing they can do to return money, or override the system to turn my line of credit back on. my family may not have groceries this week because of this "bank" thanks for nothing guys!!!
Chaundra Shelton
1.0★
I only got to put in my login information, yet I wasn't approved. I can't even get to the dashboard , to input information like other apps, so what information was used to not approve. in addition was unable to hit the help button. well, Varo must be faulty, red flags from the beginning means, issues andmay have trouble receiving help. Makes me wonder was i not approved based on my location
Matt Hicks
4.0★
I really enjoy using the app the cash advances come in handy but they don't start out so small that it's not really worth it. the one of the worst things that is the mobile deposit. if you make a deposit of a check it can Wait almost 8 days before they make funds available they don't even give you a portion as a provisional credit. I wouldn't use the mobile deposit if you're wanting funds deposited and credited quickly
Javier Velazquez
2.0★
Ever since they parted ways from using Zelle in their interface, I use it even less than before. They still offer an ok "High Yield" Savings Account compared to a regular one, you can find better rate for your savings account in other banks. But that's it, they do not offer a Bucket feature in their savings account like Ally Bank, no CD, no other extraordinary product to offer. You could do better.
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