Bonuses are considered interest and will be reported on IRS form 1099-INT. 1099-INT forms will be sent to customers that received any bonus of $10 or more. This includes customer service gestures. If you do not receive a 1099-INT form from Varo (if you received the bonus between 01/01/20–09/30/20 it would be sent via The Bancorp Bank), and you believe you met the minimum requirements, please contact us.
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