Varo Bank is a digital bank from the USA founded in 2015. Varo offers innovative, premium banking services wrapped in inclusive design. Varo provides to its customers no-cost premium bank accounts and high-interest savings accounts offered through The Bancorp Bank, and tech-first features to help people manage their money more easily.
Monthly Maintenance Fee
(United States dollar)
To open account with Varo: full name, social security number, date of birth, and residential address are required.
Varo is one the best online banks out there. No monthly fees for anything. My money is always there I know where it’s going. Everything I need is in the app. The only complaint I have is the lack of customer service and the lack of help from varo. They disabled my check deposit and never told me why and say they can’t enable it one they disable it. Which makes no sense. How can you disable something but can enable it again. I don’t know. Normally they fix the issues I have with no issue, but this one thing they weren’t right on. Making changes to my account without notifying me of it or even why.
I absolutely love Varo! I have not had any issues in the years that I have used them. You earn interest in savings, get direct deposit days earlier, and transfer Varo to Varo for free. Which saves a ton! Easy mobile check cashing as well. The one time I did need to speak to customer service, they were incredibly helpful and super nice.
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On this page, you can see a detailed review of Varo Bank Banks with reviews from real users and our experts. Varo Bank provides the following services: Card Programs, Card providers, Cash withdrawal, Debit cards, Debit cards (virtual), P2P, Savings Account, Wallets, Wire Transfer Acceptance, US allowed, ACH, Wealth Management, ApplePay, GooglePay.
At the moment, Varo Bank rating on Finscanner is 3.8 and on Trustpilot is 4.2.