Varo Money

Varo Bank Account. No Monthly Fees, the Only Way to Bank

Bank Account

Available in

All 50 States

What you will need to apply:

  • Download the Varo app on your iPhone or Android phone
  • OR apply by desktop
  • Enter your personal info including date of birth, email, address, and social security number
See the Summary of Fees
Apply via Varo's iOS, Android mobile app, or desktop
Apply in minutes - no deposit necessary
Apply via Varo's iOS, Android mobile app, or desktop

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  • Direct deposits (up to 2 days early**)
  • Transfers from other bank accounts
  • Mobile check deposits for iOS and verified Android users
  • Transfers from Square Cash, Venmo, Facebook Messenger & PayPal Instant Transfer

Choices for Obtaining Cash

  • Cash back at the point-of-sale
  • $0 ATM withdrawals (ATMs outside of Allpoint® network may charge a fee)
  • Over the Counter withdrawals

Other Ways of Using Funds

  • Bill pay
  • Apple Pay™
  • Google Pay
  • Samsung Pay

Other Services

  • Extra security with EMV chip
  • Optional Savings account starting at 1.92% APY****
  • No Fee Overdraft up to $50 for qualified customers***

Monthly Fee


Per Purchase


ATM Withdrawal

$0 (ATMs outside of Allpoint® network charge a $2.50 fee)

Cash Reload

No fee from Varo for Green Dot Reload@the Register (retail service fee applies).

ATM Balance Inquiry Fee

$0 at 55,000 Allpoint® ATMs worldwide

Customer Service Fee

  • Automated  (IVR) $0
  • by Live Agent $0
  • by Email or Chat $0
  • Varo VISA® Debit Card replacement $0

Inactivity Fee


Additional Fees*

Here are some of the other fees:
  • Cash Advance Fee $0
  • For the full fee schedule, Varo Bank Account limits, and terms and conditions call 1-800-VARO-526 or visit the Varo Money website.

* For the full fee schedule, Varo Bank account limits, and terms and conditions call 1-800-VARO-526 or visit the Varo Money website.

**  Faster access to funds is based on comparison of traditional banking policies and deposit of paper checks from employers and government agencies versus deposits made electronically. Direct Deposit and earlier availability of funds is subject to payer’s support of the feature and timing of payer’s funding.

*** No Fee Overdraft is only for qualified Varo Bank Account customers. To qualify, make at least 5 Varo Visa® Debit Card purchases in each calendar month and receive payroll or government direct deposits totaling at least $1,000 into your Varo Bank Account in each calendar month. Once you qualify, you must enroll first by turning on No Fee Overdraft in the app.

****Varo Annual Percentage Yield (APY) is accurate as of December 1st, 2019. This rate is variable and may change. No minimum balance required to open account. Balance in Savings must be at least $0.01 to earn interest.

Bank Account Services provided by The Bancorp Bank, Member FDIC, and is insured to at least $250,000. The Varo Visa Debit Card is issued by The Bancorp Bank pursuant to a license from Visa U.S.A. Inc and may be used everywhere Visa debit cards are accepted.

All text and pictures on this page copyright Varo Money, Inc.
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