Varo Believe is coming soon!
When you use the Varo Believe Card for everyday purchases, for withdrawing cash at an ATM, and for getting cash back when you check out at the register, money will be moved from your Varo Bank Account to your Vault Account to help you pay your statement balance with the Safe Credit Builder tool each month.
If you turn off Safe Credit Builder and you don’t pay your monthly statement balance on time, you’ll be charged a late fee of $15 and late payments could reflect negatively on your credit report. In order to keep using the Believe Card, you need to make on-time payments; late payments may cause you to lose your ability to use the product.
To avoid missing a payment, turn on Safe Credit Builder. In the Varo Bank app, tap your Varo Believe Card from the home screen > Safe Credit Builder > Turn it On.
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 Account, 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.