Varo Bank is an all-mobile bank account app built with best-in-class technology to help people get ahead financially. In addition to an intuitive design and user experience, Varo Bank offers customers:
- Safe and “branchless” banking
- Early direct deposit*
- No monthly bank fees
- No hidden fees
- No minimum balances
- 55,000+ Allpoint® ATMs in places you already shop like Target, Walgreens, and CVS^
- High-yield savings accounts (click here for the current APY)
- Tools to help you build up your savings automatically, like Save Your Change and Save Your Pay
- Friendly Utah-based customer service available seven days a week (except federal holidays)
- Contactless payments with your Varo Bank debit card
Varo Bank Accounts are provided by Varo Bank, N.A., and deposits are FDIC-insured up to $250,000 through Varo Bank, N.A; Member FDIC.
*Early access to direct deposit funds depends on timing of payer’s submission of deposits. We generally post such deposits on the day they are received which may be up to 2 days earlier than the payer’s scheduled payment date.
^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 charges a fee of $2.50 for cash withdrawals at non-Allpoint® ATMs.