Can I deposit a business tax refund? Varo Bank Accounts are for personal transactions and not for business purposes. Therefore, we are unable to accept business tax refunds to Varo Accounts. For more details, please refer to the Varo Bank Account Agreement. Learn more about taxes here. Related articles How do I deposit a check? Can I deposit cash into my bank or savings account? How do I get my tax refund direct deposited to my Varo Bank Account? Why is my 1099-INT tax form from The Bancorp Bank? Can I deposit a tax refund in the name of my spouse or child?