Varo has average check clearing waiting times. They have cash advances. They have a credit builder card. The cash load is not free but relatively easy even though the limit is pretty low. They do no... See more
Company replied
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Review summary
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What people talk about most
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I enjoy the various Locations to load my Varo Debit Card and Varo Credit Card. When shopping, sometimes, I spend money periodically and while I"m at the business. I can load funds so I don't have to s... See more
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I have alot going on knowing exactly when my money will be deposited help alot with someone has anxiety. I just wish the app would be little bit better for people that has vision disability I have a... See more
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Simple to sign up and get started. The tools make understanding your options easy. I would ignore a lot of the noise they generate after you get started of lines of credit or the secured card. Those p... See more
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Company details
About Varo Bank
Written by the company
Take control of your money.
Join a bank that sets you up for a better financial future. From getting your paycheck 2 days early to no-fee banking to cash advances when you need them, peace of money starts here.
FDIC insured – backed by the full faith
and credit of the U.S. government.
Free Banking
No monthly fees, 40,000 fee-free ATMs, and cash deposits for $0 at over 7,000 CVS nationwide.1
Learn More* Loans and optional services have fees
Early Direct Deposit
Get paid up to 2 days early when you set up your direct deposit with Varo.2
Learn More
Varo Advance
One of the highest cash advance amounts around. Once qualified, borrow up to $250 instantly and $500 over time.3
Learn More
High APY Savings
Save more with our super high Annual Percentage Yield. Earn 5.00% on your first $5,000.4
Learn More
Varo Believe Credit Builder
No interest, no fees, no credit history required. Just an easy way to build your credit.5
Learn More
Varo Line of Credit
The best way to access cash when you need it. Borrow between $600-$2,000. Eligibility required.6
Learn More
Varo to Anyone
Send money to anyone, no matter where they bank. It’s fast, free, and secure.
Learn More
1 Fees apply to out-of-network withdrawals & cash deposits, Varo Advance, and Varo Line of Credit. A full list of Varo fees can be found here.
2 We give you access to your direct deposits from employer and government payers on the day we receive them, which is typically up to 2 days earlier than your scheduled pay date.
3 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. Varo Advance(VA) is a small dollar line of credit. Initial limits range from $20-$250, work your way up to $500 over time. Fees range from $1.60 - $40 based on loan amount. Current limit can be viewed in the Varo App. Only one outstanding advance at a time, must be repaid in full prior to requesting a new advance. Varo Bank Account, with minimum Qualifying Direct Deposit (QDD) of $800 in current or previous calendar month required. Limits and eligibility evaluated daily and may change at any time. Qualifying direct deposits are electronic deposits of your paycheck, pension or government benefits (such as Social Security or unemployment) from your employer or government agency to the extent that can be identified. Tax refunds and government stimulus payments, Person-to-Person payments (such as Venmo or Varo to Anyone), and funds deposited using a Varo routing number are not considered a direct deposit. Add'l qualifications apply.
4 Annual Percentage Yield (APY) is accurate as of December 11, 2024. Start earning 2.50% APY, then qualify to earn 5.00% APY on your balance up to $5,000.00 next month by 1) Receiving direct deposit(s) totaling $1,000 or more; and 2) End the month with a positive balance in all your Varo Accounts. Qualifying direct deposits are electronic deposits of your paycheck, pension or government benefits (such as Social Security or unemployment) from your employer or government agency to the extent that can be identified. Tax refunds and government stimulus payments, Person-to-Person payments (such asVenmo or Varo to Anyone), and funds deposited using a Varo routing number are not considered a direct deposit.
5 Varo 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. You must add money before using, money added sets the spending limit. Funds spent are held in your Varo Believe Secured Account to pay off any balance in full monthly, when due. Quals apply.
6 The Varo Line of Credit (VLOC) is a short term loan with credit limits ranging from $600 - $2000. A flat fee of $60 to $400 is assessed with each advance based on the amount. Once qualified your credit limit may fluctuate based on a variety of factors. You may only take one VLOC advance out at a time. Eligibility and/or credit limit information is available in the Varo App. Quals apply.
Contact info
United States
- varomoney.com
4.1
Great
6K reviews
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Felt like a bait and switch, horrible website
within one month of joining the bank, they reduced the interest rates on savings accounts significantly. What was 5% on first $5k and 2.5% on additional money, became 3.75% and 1%. They provided no notice of this change. Online customer service was atrocious, with the chat not even working properly and the service representative unable to answer questions. Beyond that, the website is a horrible customer experience. I really can't recommend the bank to anyone.
Edit in response to reply: this answer does not help. Firstly, I never downloaded the app and had been using the online website on pc. Second, it doesn't address the major issue of extreme reduction of interest rate and with no notice or explanation
30 June 2026
Unprompted review
Reply from Varo Bank
To see the Annual Percentage Yield (APY) in the Varo app, go to the Home screen then select Varo Savings Account. You’ll see the APY you’re earning above Current APY. It changes as per the Bank norms and procedures
Reply from Varo Bank
We’re thankful for the loyalty. We’re here to help customers reach financial goals with a system that is accessible. To more years ahead! 🎊
I just love how simple things are
Do quite we with varo and looking forward to days to come
14 July 2026
Reply from Varo Bank
We’re thankful for the loyalty. We’re here to help customers reach financial goals with a system that is accessible. To more years ahead! 🎊
I love Varo bank it’s easier than all…
I love Varo bank it’s easier than all the other banks the app is flawless
12 July 2026
Reply from Varo Bank
We’re thankful for the loyalty. We’re here to help customers reach financial goals with a system that is accessible. To more years ahead! 🎊
I just appreciate being able to see…
I just appreciate being able to see everything when I need it and being able to go to w a greens and load it.
3 July 2026
Reply from Varo Bank
We’re thankful for the loyalty. We’re here to help customers reach financial goals with a system that is accessible. To more years ahead! 🎊
Varo takes too long to allow access to…
Varo takes too long to allow access to deposited checks. I deposited a cashier's check and they made me wait 10 business days to access the funds. Plus the monthly limit on deposited checks is $500 with no way to raise it.
1 July 2026
Reply from Varo Bank
IID: ae751508-2d3e-450d-bb96-3e38acfa96de
The customer left a negative review because they were not happy with the Mobile check deposit timeliness.
Review Response: We appreciate your review and we assure you that this is not an experience we want our customers to have. We want to better understand the issues you’ve been facing and provide some ways forward where we can. Though we can’t directly assist here, our 24/7 live chat support is available in the Varo app— just select My Varo > Help and support > Chat with us and our chatbot will guide you through your issue and get you connected to a live agent if needed. We’re dedicated to getting this resolved for you.
There's too many limits on things
There's too many limits on things. And I can't deposit checks. I'm having a hard time with this bank.
13 July 2026
Reply from Varo Bank
IID: 78e15332-c39c-4bd1-b84d-2ccf8fff1c2e
The customer left a negative review because they were not happy with the Mobile check deposit limits
Review Response: We appreciate your review and we assure you that this is not an experience we want our customers to have. We want to better understand the issues you’ve been facing and provide some ways forward where we can. Though we can’t directly assist here, our 24/7 live chat support is available in the Varo app— just select My Varo > Help and support > Chat with us and our chatbot will guide you through your issue and get you connected to a live agent if needed. We’re dedicated to getting this resolved for you.
Everything is easy to use
13 July 2026
Unprompted review
Reply from Varo Bank
Love to hear it! At Varo, service and simplicity are a priority. Thank you for taking the time to share this experience! We look forward to continuing to serve our customers for many years to come.
Not really excited about the decrease…
Not really excited about the decrease in percentages.
13 July 2026
Reply from Varo Bank
IID: 7b1622fa-6ed8-4606-b56b-b80f5f32413b
The customer left a negative review because they were not happy with the Advance eligibility
Review Response: We appreciate your review and we assure you that this is not an experience we want our customers to have. We want to better understand the issues you’ve been facing and provide some ways forward where we can. Though we can’t directly assist here, our 24/7 live chat support is available in the Varo app— just select My Varo > Help and support > Chat with us and our chatbot will guide you through your issue and get you connected to a live agent if needed. We’re dedicated to getting this resolved for you.
Love Varo
Easy to deposit and withdraw money.Love the Believe account. My credit score has gone up 5 points since switching to this bank! Love the cash advance option, too. It has saved me a few times, now.
13 July 2026
Reply from Varo Bank
Love to hear it! At Varo, service and simplicity are a priority. Thank you for taking the time to share this experience! We look forward to continuing to serve our customers for many years to come.
Can't get my money out
I could not get money out of the ATM....came back to the app and changed the PIN....that didn't work. The ATM said my bank, Varo, would not approve the transaction. Tried online for over one hour to transfer funds back to my Citi account....pain in the ass. Would never use this bank again.
12 July 2026
Unprompted review
Reply from Varo Bank
The customer left a negative review because they were not able to dispense funds from ATM
Review Response: We appreciate your review and we assure you that this is not an experience we want our customers to have. We want to better understand the issues you’ve been facing and provide some ways forward where we can. Though we can’t directly assist here, our 24/7 live chat support is available in the Varo app— just select My Varo > Help and support > Chat with us and our chatbot will guide you through your issue and get you connected to a live agent if needed. We’re dedicated to getting this resolved for you.
What went wrong?
What went wrong? When l initially signed up, l was told that l qualified for a payment advance as well as loans. However, after two successful direct deposits, l was told l didn't qualify for any of Varo's products. I was very disappointed when l found out that l didn't qualify for any of their products.
30 June 2026
Reply from Varo Bank
IID: 48b5ba25-f2a4-43fc-ae0b-3945bf6f9e77
The customer left a negative review because they were not happy with the Advance eligibility
Review Response: We appreciate your review and we assure you that this is not an experience we want our customers to have. We want to better understand the issues you’ve been facing and provide some ways forward where we can. Though we can’t directly assist here, our 24/7 live chat support is available in the Varo app— just select My Varo > Help and support > Chat with us and our chatbot will guide you through your issue and get you connected to a live agent if needed. We’re dedicated to getting this resolved for you.
Very convenient and simple banking
Application process was easy and got my car delivered to my house within a week. You could act at your account from the touch of your phone and also it offers payday loan for $250 after your first direct deposit.
11 July 2026
Reply from Varo Bank
Love to hear it! At Varo, service and simplicity are a priority. Thank you for taking the time to share this experience! We look forward to continuing to serve our customers for many years to come.
Mymain finance facilitator.
11 July 2026
Reply from Varo Bank
Love to hear it! At Varo, service and simplicity are a priority. Thank you for taking the time to share this experience! We look forward to continuing to serve our customers for many years to come.
It hasn't failed me yet
It hasn't failed me yet, but it makes it difficult to connect other cards
11 July 2026
Reply from Varo Bank
Love to hear it! At Varo, service and simplicity are a priority. Thank you for taking the time to share this experience! We look forward to continuing to serve our customers for many years to come.
Reply from Varo Bank
Love to hear it! At Varo, service and simplicity are a priority. Thank you for taking the time to share this experience! We look forward to continuing to serve our customers for many years to come.
Love Varo Bank
11 July 2026
Reply from Varo Bank
Love to hear it! At Varo, service and simplicity are a priority. Thank you for taking the time to share this experience! We look forward to continuing to serve our customers for many years to come.
Reply from Varo Bank
Love to hear it! At Varo, service and simplicity are a priority. Thank you for taking the time to share this experience! We look forward to continuing to serve our customers for many years to come.
It is hard to add a different bank
11 July 2026
Reply from Varo Bank
This feedback makes our day! At Varo, we strive to create a streamlined banking experience that helps people thrive. Knowing that we’ve been able to do that means the world to us! ♥️
Reply from Varo Bank
Thank you so much for sharing! At Varo, we’re committed to making banking empowering for everyone. We’re here to help people reach their financial goals, every step of the way!
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