Varo
Modern banking with no hidden fees, early paycheck access, and tools to build credit and save smarter.
About Varo
Varo is a digital bank offering fee-free accounts, cash advances, credit-building tools, and high-yield savings. With early paycheck access, no overdraft fees, and FDIC insurance, Varo helps users manage money without surprises. Features include cashback offers, fee-free cash deposits at CVS, and a credit builder card designed to improve credit scores.
FAQ
No, Varo does not charge monthly fees, minimum balance fees, or overdraft fees. They also do not have hidden or tricky fees.
With direct deposit, you can get your paycheck up to two days early. This allows you to access your money faster.
You can earn up to 5.00% Annual Percentage Yield (APY) on up to $5,000 and 2.50% APY on everything else in your savings account.
Your deposits are FDIC-insured up to $250,000. Varo is also an independent bank with its own banking charter, ensuring your money is seriously covered.
Yes, you can deposit cash for free at over 7,500 CVS locations nationwide.
The Varo Believe Visa Credit Card allows you to build credit with everyday purchases. On average, customers see a 40+ point increase in their credit score after 3 months of on-time payments.
Varo Advance allows you to get up to $250 right away by linking a qualifying account. It has no interest and simple, flat fees. You can build your borrowing limit up to $500 over time.
Varo offers a feature called 'Varo to Anyone' which allows you to send money to anyone with Varo or any other banking app for free.
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