Varo Bank: Mobile Banking 4+

Build Credit & Savings Faster

Varo Money inc

    • Free

Screenshots

Description

No fees¹, fast access to cash⁸, and safe credit-building². All from a FDIC-insured bank built to get you ahead.

Protect Your Money
• No surprises— Every dollar you deposit stays with Varo, not a third-party bank.
• Varo Bank Accounts are FDIC insured up to $250k per depositor, per ownership category.

Keep More of Your Money
• No Monthly, Minimum Balance or Overdraft Fees¹
• 40,000+ U.S. fee-free Allpoint® ATMs¹⁰
• Auto-saving tools
• Grow your money with a high-yield savings account that provides up to 5% APY⁴

Get Money Faster
• Get paid up to 2 days early³
• Borrow up to $500 over time for when you need it⁸
• One of the highest advance limits around⁸
• Instantly send/receive money fast & free with Varo to Anyone
• Get a contactless Varo Bank Debit Card when you sign up

Build Your Credit
• Varo Believe credit-building card with no security deposit once you qualify² and no APR or annual fee²

¹We don’t hide our fees: www.varomoney.com/no-hidden-fee-bank-account

²Varo Believe is a secured credit card designed to help you build credit; however, a variety of factors impact your credit and not all factors are equally weighted. Building credit may take time and Varo Believe may be able to help when you consistently make on-time payments. Customers who had an existing VantageScore® 3.0 credit score showed an average VantageScore® 3.0 score increase of approximately 40 points after three months of having Varo Believe and no late payments on their credit. Individual results may vary, and some customers may not see a score increase. As of July 3, 2024.

³We give access to direct deposits from employer & government payers on the day we receive them, typically up to 2 days earlier than your scheduled pay date

⁴Annual Percentage Yield (APY) is accurate as of 7/3/24. Rates may change at any time without notice, before or after account opening. Start earning 3.00% APY on savings. To qualify for 5.00% APY (on up to $5,000) the following month, there are 2 requirements: 1. Receive qualifying direct deposit(s) of at least $1,000; & 2. End the current month with a positive balance in your Bank & Savings Accounts. Once you qualify, all balances over $5,000 will earn 3.00% APY

⁵The standard deposit insurance coverage limit is $250,000 per depositor, per FDIC-insured bank, per ownership category.

⁸Advance is a small dollar line of credit. Qualifications apply, including direct deposits to your Varo Bank Account: www.varomoney.com/cash-advance. Information about advance amounts is based on April 2024 internal Varo research among single standalone loans with repayments of 30 days or less, no subscription fees or early wage payment requirements.

⁹Testimonials reflect real experiences of Varo customers. Results & experiences vary

¹⁰No fee to use U.S. Allpoint® ATMs. We charge $3.50 for cash withdrawals at all out of network & international ATMs. Additional 3rd-party fees may be assessed by ATM owner. All ATM fees will be charged to the Varo account used for each transaction

¹¹ The Varo Line of Credit is designed to help customers with unforeseen expenses with monthly payments, no late fee, no prepayment penalties, and no interest. Eligibility required. Once qualified for Varo Line of Credit, you will be assigned a credit limit from $600 to $2,000. A one-time fee is added to your borrowed amount. Your credit limit may fluctuate based upon a variety of factors. You may only take one Varo Line of Credit out at a time. Your eligibility information and/or credit limit is always available to you in the home screen of your Varo app.

¹²Transactions will be declined when you don’t have sufficient funds. You could have a negative balance if a transaction is approved for one amount, but the actual charge is more than what you have in your account, but we won’t charge you an overdraft fee.

©2024 Varo Bank, N.A. All Rights Reserved. Member FDIC

The Varo Visa® Debit & Believe Cards are issued by Varo Bank, N.A. pursuant to license from Visa U.S.A. Inc.

What’s New

Version 4.0.2

Thank you for being a Varo customer! We’ve been hard at work making the Varo app better than ever.

Update to the newest version for the latest fixes and greatest features in the Varo app yet!

Ratings and Reviews

4.9 out of 5
230.4K Ratings

230.4K Ratings

iPhone broski ,

DO NOT GO WITH Varo as your personal bank !!!

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!

K1NGPUFF ,

Used to be almost perfect & amazing, was the best free fastest mobile banking app

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!

BabySweetieBear ,

Great banking, non-existent customer service

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!

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

Data Not Linked to You

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

Supports

  • Wallet

    Get all of your passes, tickets, cards, and more in one place.

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