Varo Bank: Online Banking

Keep More of Your Money

• No Monthly, Minimum Balance or Overdraft Fees¹
• 40,000+ U.S. fee-free Allpoint® ATMs²
• Auto-saving tools
• Grow your money with a high-yield savings account that provides up to 5.00% APY on balances up to $5000.³

Get Money Faster

• Get paid up to 2 days early with direct deposit⁴
• Borrow up to $500 over time for when you need it⁵
• One of the highest advance limits around⁶
• 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 qualify and no APR or annual fee⁷

Disclosures

¹ Transactions 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.

² No fee at U.S. based Allpoint® ATMs. $3.50 fee for cash withdrawals at all out of network & international ATMs. 3rd-party ATM fees may apply. Fees will be charged to the Varo account used for each transaction.

³ 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. Rates subject to change at any time.

⁴ 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

⁵ 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. Add'l qualifications apply.

⁶ Based on November 2024 internal Varo research among single standalone loans with repayments of 30 days or less.

⁷ Varo Believe is a secured credit card designed t