The only thing I am disappointed about is that I can't transfer money from my Varo account to my Chase account. I can transfer from Chase to Varo but not vice versa. That's very inconvenient for me.... See more
Company replied

Companies on Trustpilot aren't allowed to offer incentives or pay to hide reviews.
Based on reviews, created with AI
Written by the company
Join a bank that sets you up for a better financial future. From getting your paycheck 2 days early to no-fee banking to cash advances when you need them, peace of money starts here.
FDIC insured – backed by the full faith
and credit of the U.S. government.
No monthly fees, 40,000 fee-free ATMs, and cash deposits for $0 at over 7,000 CVS nationwide.1
Learn More* Loans and optional services have fees
Get paid up to 2 days early when you set up your direct deposit with Varo.2
Learn More
One of the highest cash advance amounts around. Once qualified, borrow up to $250 instantly and $500 over time.3
Learn More
Save more with our super high Annual Percentage Yield. Earn 5.00% on your first $5,000.4
Learn More
No interest, no fees, no credit history required. Just an easy way to build your credit.5
Learn More
The best way to access cash when you need it. Borrow between $600-$2,000. Eligibility required.6
Learn More
Send money to anyone, no matter where they bank. It’s fast, free, and secure.
Learn More1 Fees apply to out-of-network withdrawals & cash deposits, Varo Advance, and Varo Line of Credit. A full list of Varo fees can be found here.
2 We give you access to your direct deposits from employer and government payers on the day we receive them, which is typically up to 2 days earlier than your scheduled pay date.
3 Based on April 2024 internal Varo research among single standalone loans with repayments of 30 days or less, no subscription fees or early wage payment requirements. Varo Advance(VA) is a small dollar line of credit. Initial limits range from $20-$250, work your way up to $500 over time. Fees range from $1.60 - $40 based on loan amount. Current limit can be viewed in the Varo App. Only one outstanding advance at a time, must be repaid in full prior to requesting a new advance. Varo Bank Account, with minimum Qualifying Direct Deposit (QDD) of $800 in current or previous calendar month required. Limits and eligibility evaluated daily and may change at any time. Qualifying direct deposits are electronic deposits of your paycheck, pension or government benefits (such as Social Security or unemployment) from your employer or government agency to the extent that can be identified. Tax refunds and government stimulus payments, Person-to-Person payments (such as Venmo or Varo to Anyone), and funds deposited using a Varo routing number are not considered a direct deposit. Add'l qualifications apply.
4 Annual Percentage Yield (APY) is accurate as of December 11, 2024. Start earning 2.50% APY, then qualify to earn 5.00% APY on your balance up to $5,000.00 next month by 1) Receiving direct deposit(s) totaling $1,000 or more; and 2) End the month with a positive balance in all your Varo Accounts. Qualifying direct deposits are electronic deposits of your paycheck, pension or government benefits (such as Social Security or unemployment) from your employer or government agency to the extent that can be identified. Tax refunds and government stimulus payments, Person-to-Person payments (such asVenmo or Varo to Anyone), and funds deposited using a Varo routing number are not considered a direct deposit.
5 Varo Believe is a secured credit card designed to help you build credit; however, a variety of factors impact your credit and not all factors are equally weighted. You must add money before using, money added sets the spending limit. Funds spent are held in your Varo Believe Secured Account to pay off any balance in full monthly, when due. Quals apply.
6 The Varo Line of Credit (VLOC) is a short term loan with credit limits ranging from $600 - $2000. A flat fee of $60 to $400 is assessed with each advance based on the amount. Once qualified your credit limit may fluctuate based on a variety of factors. You may only take one VLOC advance out at a time. Eligibility and/or credit limit information is available in the Varo App. Quals apply.
United States
Replied to 99% of negative reviews
Typically replies within 48 hours
I used a varo advance I pay back all my advances on time. Once paid back, I received $100 less, which really put me in a financial bind. And it was the number #1 reason why I left that other Bank. If people borrow money and pay it back early/on time. There is no reason why we can't the same amount back. I understand not offering more, but at least what we paid back. Times are tough and things like this isn't fair especially when y'all charge $24 for the $300.
Best online banking ever!! Never had the slightest problem with Varo.
This company is a great company to bank with im thankful for my advances when I need them and so many other things
Very poor service. Also miss leading. I’d joined due to seeing an $800 advancement once provided qualifying direct deposits. I still can’t believe having over 4 thousand in direct deposits I still couldn’t get the $800 advancement once advertising. Since then I had a $100 advancement before paying it back I was texted or emailed about a $200 advancement so I paid the $108 with fee only to be offered $150 but not the $200. Very miss leading if not completely unsatisfactory. I’m closing my account soon!
It's a great bank helps with credit lets you get a advance when you are in a bind great bank
I love Varo . Been using it for months now , I receive direct deposits on here , also lets me borrow money I love it
I honestly have no issues with VARO. I love that they dont charge ATM fees at certain locations, and I love that they have no minimum balance required. Super easy and legit banking app!
Out of all the online banking apps, Varo has had the least amount of rewards out of all of them. My borrow amount increased & so i changed my direct deposit to go into Varo to increase my rewards... after I changed my direct deposit, my borrow amount keeps going down & I've never had a late payment or anything like that. I'm giving them one more paycheck & if it doesn't increase, I'm changing my direct deposit. There's also no overdraft protection. The kicker is, there are very few companies that recognize or accept Varo as a banking Institution.
.
I love everything about the company . I just want to know more about building my credit
“I’ve been banking with Varo Bank for almost 3 years and I’ve consistently received excellent service. The customer support team is knowledgeable and always willing to help. I especially like the convenience of their mobile and online banking tools—they’re fast, secure, and easy to navigate. Whether I’m depositing checks, transferring funds, or asking questions, everything is handled quickly and professionally. Highly recommend this bank for anyone looking for dependable financial services.”
Great to bank with. Thanks for spotting me money before payday.. although I wish I could get in on the up to $2000 line of credit. Other then that im satisfied.
I have a repeat company that keeps charging my account. I've called to inform you that I didn't authorize the charges but they are still coming thru. Also, your consistently advertising my loan availability it how I could borrow up to$2000. However, the advances aren't consistent and I'm told "unfortunately I don't qualify for a loan or any amount." Then stop advertising it on my banking page.

Reply from Varo Bank
The perfect bank. Have been using them for several years. Right with direct deposit. Great with helping me out with a little extra funds when I need it. All around 10 times better than Cash App.
The app is very user friendly. They are very prompt giving notifications in regards to monies deposited or withdrawn from my account.
Better than Chime and most stand alone traditional brick and mortar banks 💯
No problem so far app easy and haven't experienced any issues yet
Anyone can write a Trustpilot review. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active.
Companies can ask for reviews via automatic invitations. Labeled Verified, they’re about genuine experiences.
Learn more about other kinds of reviews.
We use dedicated people and clever technology to safeguard our platform. Find out how we combat fake reviews.
Learn about Trustpilot’s review process.
Here are 8 tips for writing great reviews.
Verification can help ensure real people are writing the reviews you read on Trustpilot.
Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines.