What happens if I forget my password? No worries! You'll be able to reset your password in the old Varo app or in the new Varo Bank App after you download it. Related articles I forgot my password. What do I do? I can’t log into the new Varo Bank app. Phone Verification Will I need to update my direct deposit information? What do I need to do once I get my new Varo Bank Visa® Debit Card?