Varo Bank: Online Banking

Early payday & cash advances with no-fee mobile banking!

Varo isn’t just an online banking app. We are a real bank, built for the digital age. Accessible to you—with free online banking, early payday⁴, high yield savings³, credit score monitoring¹⁴, easy credit building⁷, automatic cashbackᵟ, instant cash advances (once qualified)⁵, and more. Fees apply to loans and out-of-network withdrawals/cash depositsᐞ.

Member FDIC—mobile banking backed by the full faith and credit of the U.S. Government.

FREE ONLINE BANKING
• Early payday⁴
• No minimums or hidden fees*
• Free debit card
• Free cash deposits at CVS®ᙾ and withdrawals at 40k+ in-network ATMs²
• Free credit score monitoring¹⁴
• Automatic cashback¹¹—no activation required or single-day windows
• Mobile check deposit (quals apply)ᵟ
• Track spend by category
• Digital wallet (select customers)ᵟ
• WE’RE A REAL BANK—unlike many money apps

HIGH YIELD SAVINGS
• Up to 5.00% APY, annual percentage yield, on balances up to $5,000 (quals apply)³
• Receive 2.50% APY on remaining balances
• Save money faster with automatic saving tools

EASY CREDIT BUILDER
• Free secured credit card for credit building⁷
• No credit check, interest, annual fees, or min security deposit
• Build credit by only spending what you have¹⁵
• Track spend by category
• Automatic payments available via Safe Pay¹⁶
• Reported to Equifax, Experian, and TransUnion
• Pre-existing credit scores saw a 40+ point increase on avg after 3 months of on-time payments⁸
• 90% of users with no credit score had a score after one month¹⁷
• Quals: Must have an active Varo Bank Account in good standing & incoming deposits of $200 or more in the past 31 days.

INSTANT CASH ADVANCES
• Borrow money instantly between $20 and $250, once qualified
• Work your way up to $500 cash advances over time⁵
• Cash advance funded directly into your online bank account
• 30 days to repay (better than a payday advance)
• One-time flat fee per cash advance
• Automatic payments available for money advances¹⁸

PERSONAL LINE OF CREDIT
• Unsecured personal line of credit ranging from $600 to $2,000 (quals apply)¹⁰
• No interest, late fees, or penalties
• Simple flat fee structure
• Personal loan funded instantly, once qualified
• Money added to your online bank account