Varo Bank

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Business Details

  • As the first all-digital consumer bank in the country, Varo Bank is on a mission to bring financial inclusion and opportunity to all.

    Varo offers online checking accounts and high-yield savings accounts that come with no monthly fees or minimum balance, automatic tools to help you save money effortlessly, and early payday with direct deposit.
    We’re a new kind of bank—all digital, zero surprise fees,¹ and we put money in your pocket when you need it. We launched in 2017 with the vision of creating a digital bank for all—partnering with our customers to provide products and services designed to support their financial progress.

    When you bank, borrow, build credit, and save with Varo, you can get your paycheck up to two days early with direct deposit.² Get cash advances and loans in minutes with Varo Advance³ and Varo Line of Credit.⁴ And you can build your credit through our Varo Visa® Believe Card⁵ and save with one of the nation’s highest high-yield savings accounts.⁶

    And unlike banking apps, we don’t rely on partner banks you’ve never heard of to hold your money. When you deposit money at Varo, your money is FDIC-insured up to $250,000 with us. We believe that banking shouldn’t cost a thing, and that’s why we never charge monthly fees, minimum balance fees, or overdraft fees. Because banking is better when it works for you, not the other way around.

  • Location
    Salt Lake City, Utah, United States