Varo Believe is coming soon!
No, the money in your Vault Account is set aside to cover your Varo Believe Card statement balance in full, each month when it’s due. If you have Safe Credit Builder turned on, we’ll automatically pay your statement balance each month at the close of your billing cycle using the funds already stored in your Vault Account, making sure you’ll never miss a payment. On-time repayment history can help build your credit score.
If you prefer not to use Safe Credit Builder for automatic payments, you can always set up automatic payments from a linked account, do manual payments from a linked account or your Vault, or mail us a check. Keep in mind that if you choose to pay with a linked account or via check, the funds in your Vault Account will be returned to your Varo Bank Account for you to spend 3 business days after we receive your payment in full.