Varo

Varo
Neobank
Сredits and loans
Savings
Personal
Credit Card
Debit card
Virtual Card
Referral program
Mobile Apps
Rating 3.67 6
We calculate the rating from AskWallet editorial and user ratings

Varo Bank, founded in 2015, is a digital bank that takes pleasure in leveraging technology to assist its customers in better their financial life. There are no monthly fees or minimum balance requirements for Varo Bank's banking and savings products.

Rate

Services

  • Personal IBAN

  • Affiliate program

  • Cashback

  • SEPA

  • Loyalty program

  • Insurance

  • Multicurrency account

  • SWIFT

  • Card

  • Crypto

Details

Has mobile app: Yes
Has web version: Yes
Contacts: support@varomoney.com
Languages: English
Not available in these countries: PRK, SYR, TJK, CAF, Western Sahara, YEM, ALB, BLR, CHN, CYP, GEO, RUS, UKR, CMR, XAF, MOZ, IRN, SDN, KUB, MMR, South SDN, NGA, IDN, LBY, ATA, BV, TCD
Jurisdiction: USA
Licenses: Visa USA Inc.

Main info

Has insurance: Yes
Has trading: No
Main currency: $
Number of currencies: 1
Cashback: Earn up to 6% cash back when you use your Varo cards at select brands(1).

1 Individual offers may vary. Automatically get cash in your Varo Bank Account every time you reach $5 in cashback. Cashback available on specific items or services purchased with your Varo Debit Card and Varo Believe Card at select brands. Offer details may vary, see the Perks tab for more details and current deals. The maximum Cashback that can be earned is fifty dollars ($50 USD) per calendar month.
Credit: Once you qualify, Varo Advance gives you access to up to $100* cash directly in the Varo Bank app. It has one simple fee depending on the amount of the Advance, and you can make as many payments as you want, when you want to, in any amount. You just have to pay it all back within 30 days.
Referral program: 50$.

You can refer up to 5 of your friends and family members within a calendar year. If you used a referral link and received a bonus when joining Varo Bank, that payment counts as one of the 5 allotted referrals.
Card
Money transfer

Card

Has virtual card Yes
Has multicurrency card No
Payment card type Debit/ Credit
Card provider Visa
Card limits You can spend up to $2,500 per calendar day with your Varo Bank debit card in purchases or cash back at point of sale.

You can also use your card to get cash. If you withdraw from an ATM, the maximum amount you can withdraw is $1,000 per calendar day.

Money transfer

Money transfer speed (days): 1

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Reviews by users

Review and rate Varo

social-icon Eleanor Rice

LOVE THE FACT THAT I GET CUSTOMER SERVICE, GET PAID EARLIER THE NORMAL, THERE MOBILE BANKING VERY EASY TO USE AND FEATURES ARE GREAT, I AM IN LOVE WITH THE FACT THAT THIS BANK ACCOUNT HAS NO FEE'S. GREAT BANK!!

social-icon Rose Simmons

Varo is fascinating, Im using my account almost for 2 years and never I had any problem with it. Varo card can be used in everywhere and Im happy that I can manage my finance so easily with Varo. Thank you for such a good work!

social-icon Edward Olson

I Was Trying To Invite My Friend To Use This App But I Dont Understand How I Can Do It, Is It From The App Or Website?

social-icon Carlos Long

Soon I will LEAVE this platform, i can not find ANYONE to talk or contact, i PHONED them many times, EMAILED them and still NO ANSWERS or any types of RESPONSE, its LONG TIME now, really DISSEPOINTED….

social-icon Frank Cooper

Very easy to use, i think no one anymore need to go to the bank for any financial activity if they use VARO, this bank is the BEST, thank you and LOVE youuuuu!!❤️

social-icon David Hampton

Really enjoying using Varo but lately i had not underestable issue with it i used it one night and next day in the morning it shows that my account is locked and no any explanation soo i contacted the support team and they said that it is because of some security issues that they can not tell me too and i should wait until not understandable when the issue be solved and they will send me an email with instructure how i can unlock it thats not good at all and they can not even speak about the problem so now i can not pay my bills and dont know until when i can not access to my accout