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.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.
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.So far I have had the ABSOLUTE BEST Experience with Varo and I would shout that to the world!!
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! ♥️
We know this can be frustrating. We value your feedback and will keep it in mind for the future.
I have had my account for several years. I have never really had an issue. Now that I have an issue, it is irritating to me that I have to wait to access my own money while you re-VERIFY my identity again. I had a large direct deposit come through that I have been waiting YEARS for and the money is there and I cannot access it and there is no easy way to get the documents together that you need to verify I am who I am. I am not closing my account, but I am thinking about transferring the deposit I received to a bank with branches so if this happens again, I can easily just take my ID to show who I am and that is it. I had deposited money into my account yesterday too and THAT money is also locked because you suspended my account.
The customer left a negative review because they were not happy with their account suspension. They were dissatisfied because they cannot access their funds. 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 received a referrel bonus from my co worker I accepted it then I set up direct deposit and received 880.00.for 2 weeks y'all told me it would take 2 weeks,now y'all are saying I did not use the referral code.im going to HR to change my account information I will not b using y'all any longer I have one more deposit I can not stop.but y'all do not stick to your word and I'm filing a report with the better business bureau when I get off work.ty
Thank you for sharing your feedback. We understand how frustrating these banking issues can be, and we apologize for the problems you’ve experienced for your referral. Feel free to visit our Referral FAQ page for insight on finding the referral link and fulfilling any applicable bonus requirements.
I joined Varo less than a year ago in October 2025 because of their competitive savings rates (5% up to $5,000 and 2.5% above that). Just eight months later, with virtually no notice, they slashed the rates down to 3.7% and 1%. The worst part came when I tried to move my money out. Varo limits outbound transfers to $5,000 per month, essentially holding my money hostage. I had to wait until the start of every new month just to move another $5,000, and wire transfers aren't allowed unless you have at least $25,000. On top of that, customer service is terrible there is no phone support, and explaining simple requests repeatedly through app chats was incredibly frustrating. They make it easy to deposit money, but make you jump through endless hoops to get your own money back. Avoid!
Thank you for your feedback. We'll pass it along to our product team to help enhance that experience.
It was easy to get my direct deposit on time no issues I just join varo
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! ♥️
I’m really enjoying their banking system.
We’re thrilled to hear about your positive experience! Varo’s mission is all about making banking more inclusive. Thank you for trusting us on your journey—we’re excited to keep supporting you!
Thank you so much for sharing! At Varo, we’re committed to making banking empowering for everyone. We’re here to help people reach their financial goals, every step of the way!
Do no bank with this company they are scam all agents seem to be from Asian call center agent are rude how this is isn’t a real bank do not let anything pending on your account they will let is hold for longest then any real bank if you can bank with another compay!!
IID: The customer left a negative review because they were not happy with the customer service agents 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.
Great all around experience
Thank you so much for sharing! At Varo, we’re committed to making banking empowering for everyone. We’re here to help people reach their financial goals, every step of the way!
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.
Your app sucks ! I moved my direct deposit and I will never go back ! Don’t offer something if your not going to comply I make really good money and to only be offer 50.00 for cash advance! Nope ! I’m good I’ll stick with chime that actually keeps their words !
IID: d4e4ec7b-e56a-44e3-ae77-e35b92b70377_20260425 The customer left a negative review because they were not happy with the advance eligibility. 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.
We’re thrilled to hear about a positive experience! Varo’s mission is all about making banking more inclusive. We’re thankful for those trusting us on their journey—we’re excited to keep supporting!
My full paycheck was sent to my Varo account and I could only transfer $50. I couldn't zelle anyone or even pay my bills because I didn't get the Varo card this sent me into a anxiety attack and I ended up in the hospital I used the chat service even requested a manager and I was told that the restrictions were in place because I hadn't made a certain dollar amount of deposits in last 60 days.
IID: 06de09eb-09e2-4b03-9c92-90dbf0b33820_20251221 The customer left a negative review because they were not happy with the Zelle features Review Response: We appreciate your review and we assure you that this is not an experience we want our customers to have. We want to better understand the issues you’ve been facing and provide some ways forward where we can. Though we can’t directly assist here, our 24/7 live chat support is available in the Varo app— just select My Varo > Help and support > Chat with us and our chatbot will guide you through your issue and get you connected to a live agent if needed. We’re dedicated to getting this resolved for you.
I had a250$ advance posted it on time and my advance went down to 20$ didn’t really appreciate that and thought it was weird
IID: c79b438b-e09d-4d4f-be55-413221e295c2 The customer left a review because they were not happy with the Advance eligibility 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.
Electronic deposit was prompt and money was immediately accessible.
We’re thrilled to hear about a positive experience! Varo’s mission is all about making banking more inclusive. We’re thankful for those trusting us on their journey—we’re excited to keep supporting!
We’re thrilled to hear about a positive experience! Varo’s mission is all about making banking more inclusive. We’re thankful for those trusting us on their journey—we’re excited to keep supporting!
Varo is a good way to help me save for Christmas I play Santa for 135 to 150 kids each year and need a convenient way to save.
We’re thrilled to hear about a positive experience! Varo’s mission is all about making banking more inclusive. We’re thankful for those trusting us on their journey—we’re excited to keep supporting!
We’re thrilled to hear about a positive experience! Varo’s mission is all about making banking more inclusive. We’re thankful for those trusting us on their journey—we’re excited to keep supporting!
I started off liking this bank, however, my advance amount drops even though Ipaid it before the dure date. I was told the system automatically determines it. My last deposit was late which was strange but it came the next day. Didn't have an issue with it coming early before. Otherwise I do like the bank but honestly, I may change. I'll see how it goes.
IID: 76aa98ac-6aa0-4016-894e-fbcbb674d1f6 The customer left a review because they were not happy with the Advance eligibility 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.
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