Varo is an all-mobile bank account built with best-in-class technology to help people get ahead financially. In addition to an intuitive design and user experience, Varo offers customers:
- No monthly maintenance fees, no foreign transaction fees, no ATM
withdrawal fees at over 55,000 Allpoint ATMs^
- Savings Accounts with no minimum balance requirement (click here for the current APY)
- Personal loans of up to $25,000 that may be a better alternative than high-interest credit cards*
- Automated features to help build savings seamlessly
- Customers can view all of their financial accounts—at Varo and elsewhere—in one place
- Live customer service based in Utah, 7-days a week (closed federal holidays)
- Secure and safe way to bank using industry-leading level of data encryption
^Non-Allpoint ATM owners may assess a fee for ATM withdrawals but Varo does not charge a fee at over 55,000 Allpoint ® ATMs. Varo will charge a fee of $2.50 for cash withdrawals at non-Allpoint® ATMs beginning on February 19, 2020.
*Varo Personal Loan offered by Varo Money Inc. under state licenses; subject to application approval. NMLS#154725
Varo Bank Accounts are provided by The Bancorp Bank, and deposits are FDIC-insured up to $250,000 through The Bancorp Bank; Member FDIC.