APK
Google Play 
App StoreEditor's Review
Varo is a mobile banking app designed to help you manage your money effectively and build a strong financial future. 🏦 With Varo, you can enjoy a range of features without the burden of hidden fees, providing a transparent and user-friendly banking experience. Every dollar you deposit stays with Varo, not a third-party bank.
Key features include:
- No Hidden Fees: Varo stands out by offering no monthly fees, no minimum balance fees, and no overdraft fees. 💸 This means you can keep more of your money without worrying about unexpected charges.
- FDIC Insurance: Your money is protected with FDIC insurance up to $250,000 per depositor, ensuring your funds are safe and secure.🛡️
- Extensive ATM Network: Access over 40,000 fee-free Allpoint® ATMs across the U.S., making it convenient to withdraw cash without incurring fees. 🏧
- High-Yield Savings Account: Grow your savings with a high-yield savings account that offers up to 5% APY.⁴ To qualify for the 5.00% APY (on up to $5,000), you need to receive qualifying direct deposits of at least $1,000 and end the month with a positive balance in your Bank & Savings Accounts.
- Early Paycheck: Get paid up to 2 days early³ when you set up direct deposit, giving you quicker access to your funds. 🗓️
- Varo Believe Credit-Building Card: Build your credit with the Varo Believe card, which has no security deposit once you qualify² and no APR or annual fee.² Customers have seen an average VantageScore® 3.0 increase of approximately 40 points after three months of having Varo Believe and no late payments on their credit.
- Varo to Anyone: Instantly send and receive money for free with Varo to Anyone, making it easy to split bills or send money to friends and family. 🤝
- Varo Line of Credit: Access a line of credit with no late fee, no prepayment penalties, and no interest. Eligibility required. Once qualified for Varo Line of Credit, you will be assigned a credit limit from $600 to $2,000. A one-time fee is added to your borrowed amount.
Varo is committed to providing a safe and reliable banking experience. With features like auto-saving tools and the ability to borrow up to $500 over time, Varo helps you stay on top of your finances and achieve your financial goals. 🎯
Features
FDIC-insured bank accounts up to $250k
No monthly or hidden fees
40,000+ fee-free Allpoint ATMs
High-yield savings account
Get paid up to 2 days early
Varo Believe credit-building card
Send and receive money instantly
Borrow up to $500 over time
Pros
No monthly, minimum balance, or overdraft fees
Extensive network of fee-free ATMs
Tools for auto-saving
High-yield savings account up to 5% APY
Early access to direct deposits
Credit-building card with no security deposit
No APR or annual fee on credit-building card
Cons
Out-of-network ATM fees apply
APY qualification requirements
