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Welcome to mobile banking that charges no monthly fees, lets you get paid up to two days early with direct deposit^, offers easy automatic saving tools, and gives you new ways to manage your money. Forget everything you know about banking. This is banking that actually helps.

LET’S DITCH THESE FEES

Your Varo Bank Account comes with a Varo Visa® Debit Card — which you can safely lock in your mobile banking app — but none of these fees:

- No Fee Overdraft up to $50 (see requirements below)
- No fees at 55,000+ Allpoint® ATMs worldwide
- No foreign transaction fees
- No monthly maintenance fee
- No ACH transfer fee
- No debit card replacement fee

Plus:
- No minimum balance requirement
- Get paid up to two days early with direct deposit^


MANAGE YOUR MONEY EASILY

Your Varo Bank Account helps you stay in control of your money.

- Deposit checks in the app
- We’ll mail checks for you for free
- Track spending and account activity with instant alerts
- Link external accounts to see all your outside finances in one place
- Transfer money to and from external accounts


SAVE AND EARN MORE

Save and earn money easily and automatically. First get a Varo Bank Account, then set up your high-yield Varo Savings Account.

-Automatic savings tools let you save money without thinking
-No minimum balance requirement to earn interest
-Start earning 1.92% APY*, then earn up to 2.80% APY* if you meet these three requirements each calendar month:
Keep a savings balance of $50,000 or less
Make at least five Varo Visa® Debit Card purchases each calendar month
Receive total direct deposits of $1,000 or more each calendar month



NO FEE OVERDRAFT REQUIREMENTS

To be eligible for No Fee Overdraft to overdraw your Varo Bank Account up to $50 you must meet both of these requirements:

- Make at least five Varo Visa® Debit Card purchases in each calendar month, AND
- Receive total payroll or government direct deposits of $1,000 or more in the same calendar month.

Once you qualify, enroll by turning on No Fee Overdraft in the app.

STAY SAFE AND SECURE

Keeping your money and data protected is at the top of our list.

- Your deposits are FDIC insured to at least $250,000 through The Bancorp Bank; Member FDIC
- Your debit card is protected with Visa® Zero Liability‡
- Your data is protected with advanced 256-bit AES-level encryption, access control, secure processes, and audits


NEED A HAND?

If you have any questions, or just want to find out more, contact our friendly Utah-based Customer Service 7 days a week.


LEGAL THINGS

^Early access to direct deposit funds depends on timing of payer’s submission of deposits. We generally post such deposits on the day they are received which may be up to 2 days earlier than the payer’s scheduled payment date.

*Varo Annual Percentage Yields (APYs) are accurate as of December 1, 2019. The rates are variable and may change. No minimum balance required to open account. Balance in Savings must be at least $0.01 to earn interest.

‡You must notify your financial institution immediately of any unauthorized use. For specific restrictions, limitations and other details, please consult your issuer.

Bank Account Services provided by The Bancorp Bank; Member FDIC. 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.