Does Varo Offer Overdraft Protection? Varo has discontinued overdraft protection, but we do offer Varo Advance to qualified customers. Visit our Varo Advance FAQ page here for more information about Varo Advance. Related articles What is Varo Advance? What is the Deposit Sweep Program? Why can’t I see this feature? How do I qualify for Varo Advance? How much can I borrow with Varo Advance?