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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What people talk about most
Reviews shaping this summary
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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I like the borrow option
I like the borrow option. I don’t like that you guys only update until the next day after the deposit hit. I would love a chance at the lending option but it won’t open for some reason even though I’ve been working to meet the standards to it. And I don’t like that my borrow didn’t go up because the wrong account was linked to my account wich I guess is my fault. I hope the mending option be available soon and it be the 2k I can really use it and I know my payments will boost my credit even more
25 June 2026
Reply from Varo Bank
IID: 567e0b76-cbce-4a33-b60c-1268667b3028
The customer left a review stating they did not get the advance limit they asked for.
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.
Reply from Varo Bank
Your feedback made our day! At Varo, we strive to create a streamlined banking experience that helps you thrive financially. Knowing that we’ve been able to do that for you means the world to us! ♥️
They can't be trusted
I've been with Varo for years and I've come to the conclusion that they can't be trusted. I have wanted to close my account several times after interactions with their customer service team and after my last interaction I am finally leaving. I deposited a mobile check (mind you I have MORE than enough money in my account to cover it). Even though the check was accepted, I got an email saying it was rejected and that my account was flagged and suspended. I reached out, and they assured me my account was fine. This morning I get an email that my check was rejected because it's over the limit that was apparently set AFTER the check was accepted. I reached out again and was told there was nothing that could be done and that I needed to wait until this phantom limit reset. Without exposing how much money I have, I could've covered this check many times over. I'm not comfortable after this last interaction leaving that kind of money with them. I would not recommend Varo. They can't be trusted. I will be moving my money and closing my account today.
23 June 2026
Unprompted review
Reply from Varo Bank
The customer left a review because they were unhappy with the Varo services and Mobile check deposit getting rejected.
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.
They never wanted to fix the problem of…
They never wanted to fix the problem of giving the person that referred me any kind of incentive that it says so on the site so NO THEY WILL NOT HELP THE PERSON THAT REFERRED YOU .And they didnt even try to help me getting that person who referred me anything. So no this site is NOT A GOOD ONE.
15 April 2026
Unprompted review
Reply from Varo Bank
IID: fe30183e-84be-42d5-937d-a98f7df9a271
The customer left a negative review stating they did not receive referral bonus after they used referral link to open their account.
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.
Reply from Varo Bank
Your feedback made our day! At Varo, we strive to create a streamlined banking experience that helps you thrive financially. Knowing that we’ve been able to do that for you means the world to us! ♥️
Reply from Varo Bank
Your feedback made our day! At Varo, we strive to create a streamlined banking experience that helps you thrive financially. Knowing that we’ve been able to do that for you means the world to us! ♥️
Reply from Varo Bank
Your feedback made our day! At Varo, we strive to create a streamlined banking experience that helps you thrive financially. Knowing that we’ve been able to do that for you means the world to us! ♥️
I’ve had nothing but positive…
I’ve had nothing but positive experiences with Varo. Their banking app is great because it’s easy to navigate not alot of fees and nonsense like other banks love it
16 June 2026
Reply from Varo Bank
Your feedback made our day! At Varo, we strive to create a streamlined banking experience that helps you thrive financially. Knowing that we’ve been able to do that for you means the world to us! ♥️
Great Bank
Never had a issue if I'm not sure about a Varo Bank or Moving Money I just chat with Varo and my issue is fixed
23 June 2026
Reply from Varo Bank
Your feedback made our day! At Varo, we strive to create a streamlined banking experience that helps you thrive financially. Knowing that we’ve been able to do that for you means the world to us! ♥️
Reply from Varo Bank
IID: d08c23f9-ae1c-43c9-9e9a-22a3cc71e993
The customer left a negative review but did not specify anything on what concerns they had with Varo.
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.
Reply from Varo Bank
Your feedback made our day! At Varo, we strive to create a streamlined banking experience that helps you thrive financially. Knowing that we’ve been able to do that for you means the world to us! ♥️
Reply from Varo Bank
Your feedback made our day! At Varo, we strive to create a streamlined banking experience that helps you thrive financially. Knowing that we’ve been able to do that for you means the world to us! ♥️
A new member but satisfied so far
19 June 2026
Reply from Varo Bank
Your feedback made our day! At Varo, we strive to create a streamlined banking experience that helps you thrive financially. Knowing that we’ve been able to do that for you means the world to us! ♥️
To be honest
To be honest, at one point I would give them a 5 but now as a previous customer of 3 years thats not the case. I'm not thrilled with that chat box of theirs but it is what it is. I remember when I got the prepaid credit card and how it could raise my credit score and it has, by 40 points and I was up to a $400 advance with them than about a month or so ago I had a flashing notice on my account that said I needed to pay $1073 on my credit card, well my first response was thats obviously sent to the wrong person, I went over a penny once on my limit and they declined my purchase so tell me how could I go over a $1000 ?? No freaking way...on a prepaid credit card. They assured me accounting checked it twice and yet when I reconciled my account for that month with a bookkeeper friend of mine which was my occupation before I retired, we could not see it at all. This was about 5 weeks ago, I just stopped talking with them to try a clear it up. I'm 65, my credit is the least of my worries. I know I dont owe it on a prepaid card and yet asking them why did you let me go over $1000, they have no answer... Up till that point I would say they were awesome, the best,I was proud to say that Varo was my bank but today I'm starting over with a walk in bank now. Varo has scared me with not being able to show me any proof of that $1000 overage. I've tried to close my account yet they wont do it and yes I still owe my $400 advance which I've been taking my time on paying back ....I know it doesn't make things right but I'm mad about their mistake and I firmly believe its an accounting issue.
22 April 2026
Unprompted review
Reply from Varo Bank
Varo Lending services are designed to support your credit-building goals. However, remember that credit scores are influenced by many factors, and not all of them carry the same weight. Before using lending services, you’ll add funds to set your limit, and those funds will cover your balance when it’s due. Qualifications apply but feel free to click the link in our bio and search for our Understanding Varo Believe FAQ for more details!
So far so good…
So far my direct deposits have been on time, no one has hacked my account so that's great. Cards work great, easy to transfer, send/receive money within app. No complaints
23 June 2026
Reply from Varo Bank
Your feedback made our day! At Varo, we strive to create a streamlined banking experience that helps you thrive financially. Knowing that we’ve been able to do that for you means the world to us! ♥️
Smooth and legit
1 April 2026
Reply from Varo Bank
Your feedback made our day! At Varo, we strive to create a streamlined banking experience that helps you thrive financially. Knowing that we’ve been able to do that for you means the world to us! ♥️
Terrible app
No overdraft, can't get an advance. Switched my direct deposit to them and can't get an advance even though their commercial said you can get an advance on day 1. That's a a lie. Crazy how they let me get a $20 advance when my direct deposit was with another bank and now that I switched my direct deposit to them and paid back the $20 they let me borrow 4 days earlier, I can't get an advance and have to meet all kinds of crazy qualifications. No customer service l, etc. Just a terrible all around app and highly regret switching my direct deposit to them. False advertising seems to be a massive issue with these online "banks"
16 June 2026
Reply from Varo Bank
IID: 63ba4876-efce-41ed-9a8b-30aea10d1db1
The customer left a negative review because they were not eligible for Varo advance or any other Varo lending products.
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.
Es una excelente opcion
Es una excelente opcion, solo que hay que ser paciente con los retiros y depositos ya que es un banco que estas en crecimiento, es una Gran opcion para jovenes que comienzan a construir su credito, ya que con la Varo believe pueden aprender a manejar su dinero para no acumular deudas.
It’s an excellent option, though you do need to be patient with deposits and withdrawals since it is a growing bank. It’s a great choice for young people just starting to build credit, as the Varo Believe card helps them learn to manage their money and avoid accumulating debt.
1 April 2026
Reply from Varo Bank
Your feedback made our day! At Varo, we strive to create a streamlined banking experience that helps you thrive financially. Knowing that we’ve been able to do that for you means the world to us! ♥️
I love 💓 y'all give me cash advance it wasn't enough I really need 40 more dollars
12345678910
22 June 2026
Reply from Varo Bank
Your feedback made our day! At Varo, we strive to create a streamlined banking experience that helps you thrive financially. Knowing that we’ve been able to do that for you means the world to us! ♥️
My son has Varo and he love it
My son has Varo and he love it. A lot of offers that’s available
22 June 2026
Reply from Varo Bank
Your feedback made our day! At Varo, we strive to create a streamlined banking experience that helps you thrive financially. Knowing that we’ve been able to do that for you means the world to us! ♥️
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