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 Support Contact FAQ 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.
Written by the business, not verified by us.
Is Varo Bank legit?
Varo Bank (varomoney.com) has a 3.7 out of 5 rating on OK.one, based on 143 user reviews collected here. It is listed under Money & Insurance and its reputation is mixed. 22% of reviews are 1 star, a relatively high share; The business has replied to 100% of negative reviews; Reviews mostly discuss User experience, Customer service, App. Last updated 2026-09-01.
What reviewers say
AI generated
Reviewers had a great experience with this company. Customers frequently mention that the mobile application is very easy to navigate, making daily banking tasks smooth and stress-free. Many people also appreciate receiving their direct paychecks early, which helps them plan their budgets and daily expenses effectively. Users find the overall service reliable for everyday transactions without having to worry about hidden fees or extra charges.
Some reviewers were not happy with sudden account restrictions, unexpected deposit holds, and sudden limit reductions. Consumers also pointed out that support agents struggled to explain these sudden account issues or provide helpful solutions when problems arose.
Auto-generated from all reviews of this business. For reference only.
Varo has been convenient thus far, although despite it saying I can transfer money from Venmo to Varo, anytime I try to do this, Venmo says “Varo is not set up to do this action yet”. Even though the Varo app says “Transfer via Venmo/Cashapp”. It’s been a bit of a pain for me to deal with. Other than that Varo is user friendly, fast,kind of run of the mill when it comes to the other banks, especially online banking. Nothing special to really capture you away from other banking systems that says “Choose Varo”. I clicked on the 2,500 line of credit option one time, and have been getting phone calls literally 5 times per day about options for lines of credit not even from Varo. It’s from all over the country. This wasn’t happening prior to clicking the line of credit option in the Varo app. That was horrific. They’ll just call from a different number and it’s a recording. Some calls are from Alberta Canada.
Reply from Varo Bank2026-09-01
We appreciate you taking the time to share your feedback with us. We are truly sorry to hear about the difficulties you've experienced with Venmo transfers and the unexpected calls after exploring our credit options. We understand how frustrating it can be when features don't work as expected and when you receive unwanted solicitations. We are actively investigating the Venmo transfer issue to ensure seamless service for all our users. Regarding the calls, we want to assure you that we do not share your information with third parties for marketing purposes. We are looking into how this might have occurred and are committed to protecting your privacy. Your insights are invaluable as we continuously work to improve our services and user experience.
I gave Varo Bank 5 stars only because this is the limit but I would give it 100’s of stars if I could. I started it during the pandemic I believe and since then it became my everyday bank account. The services are great and most of all it’s for FREE who doesn’t like Free things.. I got my direct deposit every Tuesday same time so never have to wait for Thursday night to get paid anymore. and that makes me love it more and more.. Fee-free cash deposits available at CVS locations nationwide. Free withdrawals at 40,000+ in-network Allpoint® ATMs (found at places like CVS, Walgreens, and Target)
Should I kept going loll!?!?
My Advance cash limit now is $500 at first it was $25 then goes up to $50, and, $100 and now $500 with a credit score 580(below average). Customer Support are amazing and friendly. Please sign up for a free checking account with Varo to start getting paid early you won’t regret it..
Reply from Varo Bank2026-08-31
It’s feedback like this that drives us to keep pushing forward—thanks for being part of the community!
So far it’s been easy to navigate. I love that I can add from PayPal and send Zelle when needed. I love the option to borrow money and pay it back with a low cost fee
Reply from Varo Bank2026-08-31
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! 🎊
Because I have had not a single issue with Varo. I changed my direct deposits and have never been charged any type of fee for my account.
Reply from Varo Bank2026-08-28
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! ♥️
While banking with Varo I had two transactions go through that I did not make the first was resolved in a timelyish manner the second they took weeks to let me know they weren’t disputing it even though I did not make the transaction. I then called back to reopen the dispute and they took a month to get back to me but not before closing my account without the reason. Two days later they email me saying the disputed the charges due to a failure on their end and when I called to try to get my money to my new bank account they told me the only way they could do it was by check and it would take 21 days. When I asked if they could extradite it (because I have bills to pay) I was rudely told I had to wait for it. And to top it off they couldn’t even tell me why my account was closed. Don’t use this Bank there are dozens of better ones
Reply from Varo Bank2026-08-26
Thank you for this feedback. We'll pass it along to our product team to help enhance that experience.
I’ve been banking with this bank for years! And recently they closed my account! No warning no heads up, just closed my account for no reason! 0/10 do not recommend!
Reply from Varo Bank2026-08-25
This is not an experience we’d hope for. We take account security very seriously and we understand any account closure can be frustrating so we value your feedback.
That I paid off a $400 advance on time with a recent large deposit however, my advance limit was then dropped down to $100 immediately after.. wish that was made more clear that it doesn’t jus continue to grow based on good repayment.
Reply from Varo Bank2026-08-25
IID:
The customer left a negative review because they were not happy with the Varo Advance limit.
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.
I use Varo more now that it's Zelle compatible. But when I tried to deposit 3 checks totaling $250, it was denied because of possible fraud. My deposit limit was then changed from $2000 to $0 for a month. The call center was totally useless and could not specify what the actual possible fraud was. There is no way to contact higher management or corporate.
Reply from Varo Bank2026-08-25
Thank you for this feedback. We'll pass it along to our product team to help enhance that experience.
This bank has a lot of hidden rules that you don't find out about. Until you move your money or do something with it. And it wind up costing you 4-5 days longer to get it. This bank is also affiliated with ban Corp bank. That is a part of time. I moved five hundred dollars from my chime account. Into this banking account a c h transfer. And they wanna hold my money bad days, they have low limits on how much you can pull out how much you can send to people. How much you can deposit into your account yourself? It is horrible. I would not use this bank even if they said they'd give me a ten thousand dollar loan. Cause, there would be some hidden rules in it
Reply from Varo Bank2026-08-24
IID:
The customer left a negative review because they were not happy with the ACH 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.
I placed a dispute from varo to varo and the first one was cancelled and clearly says 1 was cancelled not by me or my customer. Please know that neither my friend nor myself received this transfer of $1000.
I placed it through zelle- I thought I was anyway. I am not sure if that enters into this or not- it may. I know i clicked the zelle offering in the move money part. Maybe they cancelled it or something. Please let me know because that sum of money is alot to me. Thank you
Reply from Varo Bank2026-08-24
We realize the dispute investigation process can be upsetting and we appreciate your feedback. If there were any additional concerns you wanted to be addressed regarding your dispute, we'd love to go over them with you. Please visit the link in our bio for our phone support information.
Love how easy the app is to use and sending money to another card if needed to do so and love that I get my paycheck a day early
Reply from Varo Bank2026-08-19
Love to hear it! At Varo, service and simplicity are a priority. Thank you for taking the time to share your own experience! We look forward to continuing to serve you for many years to come.
The offer was 4%APR when the account was created. There was a requirement to have direct deposit and to add several thousand dollars to the account. Everything was in compliance and 4%APR was realized. A few months later the 4%APR was rescinded. This appears to be a bait and switch. Once the situation was changed the account was closed.
Reply from Varo Bank2026-08-18
Thank you for this feedback. We'll pass it along to our product team to help enhance that experience.
I use varo for the direct deposit of one of my jobs. They pay a higher interest rate for up to $5,000 of savings as long as I'm depositing at least $1,000 a month.
Reply from Varo Bank2026-08-18
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.
I enjoy the professional way the mobile app is set up, and the ease of which it is to use. I also enjoy getting my paycheck 2 days early with direct deposit! Its very convenient. Thank you Varo for being a great bank.
Reply from Varo Bank2026-08-17
Love to hear it! At Varo, service and simplicity are a priority. Thank you for taking the time to share your own experience! We look forward to continuing to serve you for many years to come.
The 2 day early deposits are great and its seamless transactions are awesome too. But what really twists my balls is the mobile deposits and the lack of transparency with customer service on the app. Customer service can’t figure out the issue and can’t explain how to correct it. As for my issue. The mobile deposits are terrible. I have a limit of $2,000 but I deposit a check for $40 and then I get an email from them stating my account has been flagged and my ability to make deposits is removed..WTF! Mid you this is the second time in two months this has happened to me. And now I have to wait another 30 days. This is wild and the customer service can’t explain to me on WHY this is happening. Only telling me that the team will look into and let me know via email. That’s a bs answer for some who have been a member for 6 years. I may have to move my funds to another institution.
Reply from Varo Bank2026-08-17
Thank you for this feedback. We'll pass it along to our product team to help enhance that experience.
During a time of struggle and financial hardship due to loss of job, someone kindly attempted to send me funds to get food. It worked a month prior via Zelle; however, at the moment I'm waiting to start a full-time position and have steady income, I haven't had consistent deposits required according to Varo. Thus, funds never came and I went hungry again, even when help was given. It's Varo's choice to either release them or not. Varo chose NOT!
I've been banking with Varo for several months, supposedly building a relationship. It's apparent that struggling individuals aren't welcomed. Even when a Rabbi is trying to help but my bank refused to make it happen.
What breaks my heart is Varo didn't even need to pay anything except facilitating the process via Zelle.
Shame!
Reply from Varo Bank2026-08-14
We appreciate this feedback and we’ll relay it to our product team to better refine the experience.
I tried their Believe card, a prepaid credit card designed to build credit. After depositing and spending my own money, I received "reminder" messages to pay $1588 to my Believe account since it was now "owed." I tried to close that card; they initially refused because I "owed" it money. I did not. After I did close it, they reduced my available advance by more than half, a purely punitive action. Thank you Varo, here's three stars. It's two stars more than I owe you. You do not own my money.
Reply from Varo Bank2026-08-14
We appreciate you sharing your experience with the Believe card and your concerns regarding the "owed" messages and the subsequent reduction in your available advance. We understand how frustrating it can be to encounter unexpected issues when managing your finances, especially when you are actively working to build credit. We are reviewing your feedback to better understand the situation you described and to improve our processes.
