Varo online banking

Author: g | 2025-04-24

Varo bank is a FDIC-insured online bank that provides banking services online or through a banking app, known as the Varo app. Varo offers you two types of bank accounts: checking and savings

Varo Bank: Online Banking by Varo Money inc - AppAdvice

Varo Bank account.What They Don’t OfferNeither platform offers these features:Joint accounts or additional authorized debit card users.Other financial products, like personal loans, auto loans and mortgages.Refinancing.Small business banking.Paper checks (though you can use bill pay to have checks sent for you).Varo vs. Chime: Pros and ConsWe’ve gathered the pros and cons of Varo and Chime to help you decide which banking institution is right for you.Varo ProsUp to 5% APY for qualifying customers (1.2% for any customer).Nationally chartered bank. ConsSmall fee for overdraft protection.Chime Pros0.50% APY for all customers.Fee-free overdraft protection. ConsNo peer-to-peer transfers with Zelle.Frequently Asked Questions (FAQs) About Varo vs. ChimeWe’ve found the answers to the most commonly asked questions about Varo and Chime.Are Chime and Varo the Same?Chime and Varo are distinct companies operating online banking apps, but they each offer similar services, including fee-free savings and checking accounts.Is Varo Bank a Good Bank?Varo is a reputable and popular banking app backed by FDIC-insured accounts through Varo Bank. The mobile bank is a good option for anyone who likes online banking and has simple banking needs that don’t require all financial services to live under one roof.Is Varo an Actual Bank?Yes, Varo Bank, N.A. received approval for a U.S. bank charter in July 2020 and is an FDIC member. Varo Bank is a wholly-owned subsidiary of the financial technology company Varo Money, Inc., which operates the Varo banking app.Which Bank is better: Current or Chime?Current is an online bank account that offers many of the same features as Chime and other neo bank competitors. Current stands out for offering “savings pods,” which help you save toward specific goals, and separate accounts for teens.Contributor Dana Miranda is a Certified Educator in Personal Finance® who has written about work and money for publications including Forbes, The New York Times, CNBC, Insider, NextAdvisor and Inc. Magazine. This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.

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SAVE YOUR PAYVaro Money, Inc.9768077516 Nov 2022on 23 Jan 2024Banking and financing services; mobile banking services; online bankin...Class 036Class 036Insurance & Financial ServicesBanking and financing services; mobile banking services; online banking services accessible by the world wide web and by downloadable mobile applications; online and mobile banking services, namely, facilitating customized direct deposits on behalf of banking customers MOVE YOUR PAYVaro Money, Inc.9768050216 Nov 2022on 23 Jan 2024Banking and financing services; mobile banking services; online bankin...Class 036Class 036Insurance & Financial ServicesBanking and financing services; mobile banking services; online banking services accessible by the world wide web and by downloadable mobile applications; online and mobile banking services, namely, facilitating customized direct deposits on behalf of banking customers VAROVARO MONEY, INC.8687004208 Jan 2016on 16 Aug 2023Banking services,Computer application software for mobile phones, tabl...Class 009Class 009Computer & Software Products & Electrical & Scientific ProductsComputer application software for mobile phones, tablets, handheld computers and mobile devices, namely, software for managing and accessing financial and banking accounts and carrying out financial transactionsClass 036Class 036Insurance & Financial ServicesBanking services A BANK FOR ALL OF USVaro Money, Inc.9025794415 Oct 2020on 24 May 2022Banking services; online banking services accessible by means of downl...Class 036Class 036Insurance & Financial ServicesBanking services; online banking services accessible by means of downloadable mobile applications VARO BELIEVEVaro Money, Inc.9025846815 Oct 2020on 24 May 2022Banking services; online banking services accessible by means of downl...Class 036Class 036Insurance & Financial ServicesBanking services; online banking services accessible by means of downloadable mobile applications; issuance of credit cards VARO ADVANCEVaro Money, Inc.9025847415 Oct 2020on 24 May 2022Banking services; online banking services accessible by means of downl...Class 036Class 036Insurance & Financial ServicesBanking services; online banking services accessible by means of downloadable mobile applications; issuance of credit cardsLogo MarkVARO MONEY, INC.8849065326 Jun 2019on 15 Feb 2022Banking services; online banking services accessible by means of downl...Class 036Class 036Insurance & Financial ServicesThe mark consists of an image of an outline of a goat with its head turned to look back at its tail. VAROVARO MONEY, INC.8868783311 Nov 2019on 27 Jul 2021Online banking services accessible by the world wide web and by downlo...Class 036Class 036Insurance & Financial ServicesThe color purple is claimed as a feature of the mark. BANKING FOR THE 99%VARO MONEY, INC.8849058526 Jun 2019on 07 Jan 2025Banking services; online banking services accessible by means of downl...Class 036Class 036Insurance & Financial ServicesBANKING FOR THE NINE NINE PERCENT; BANKING FOR THE NINETY NINE PERCENT

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EverBank (formerly TIAA Bank), Fifth Third Bank, First Foundation, First Internet Bank, First National Bank, First Tech Federal Credit Union, Flagstar Bank, FNBO Direct, Forbright Bank, Global Credit Union, GO2bank, Golden 1 Credit Union, Greenwood, Hope Credit Union, Huntington Bank, Industrial Bank, Ivy Bank, Jenius Bank, KeyBank, Lake Michigan Credit Union, Laurel Road Bank, LendingClub Bank, Liberty Bank, Live Oak Bank, M&T Bank, Marcus by Goldman Sachs, My Banking Direct, NASA Federal Credit Union, Navy Federal Credit Union, NBKC, Newtek Bank, One, OneUnited Bank, Pentagon Federal Credit Union, PNC, Poppy Bank, Popular Direct, Quontic Bank, Regions Bank, Revolut, Salem Five Direct, Sallie Mae Bank, Santander Bank, SchoolsFirst Federal Credit Union, Security Service Federal Credit Union, Securityplus Federal Credit Union, Self-Help Credit Union, Service Credit Union, SoFi, State Employees’ Credit Union of North Carolina, Suncoast Credit Union, Synchrony Bank, TAB Bank, TD Bank, Truist Bank, U.S. Bank, UFB Direct, Upgrade, USAA Bank, Varo, Vio Bank, Wells Fargo, Western Alliance Bank and Zynlo Bank.To recap our selections...NerdWallet's Best 6-Month CD Rates for March 2025Bask Bank CD: 4.45% APY, $1,000 Minimum depositPopular Direct CD: 4.30% APY, $10,000 Minimum depositVio Bank CD: 4.30% APY, $500 Minimum depositService Credit Union Share Certificate: 4.50% APY, $500 Minimum depositNASA Federal Credit Union Share Certificate: 4.30% APY, $1,000 Minimum depositFirst Internet Bank CD: 4.15% APY, $1,000 Minimum depositBank5 Connect High-Yield CD: 4.00% APY, $500 Minimum depositBread Savings™️ CD: 4.50% APY, $1,500 Minimum depositE*TRADE CD: 4.15% APY, $0 Minimum depositCIBC Agility™ Online CD: 4.31% APY, $1,000 Minimum depositCustomers Bank CD: 4.15% APY, $500 Minimum depositNewtek Bank CD: 4.25% APY, $2,500 Minimum depositMarcus by Goldman Sachs High-Yield CD: 4.20% APY, $500 Minimum depositAlliant Credit Union Certificate: 4.10% APY, $1,000 Minimum depositFrequently asked questions. Varo bank is a FDIC-insured online bank that provides banking services online or through a banking app, known as the Varo app. Varo offers you two types of bank accounts: checking and savings

Varo Bank: Online Banking - Apps on

Some of the links in this post are from our sponsors. We provide you with accurate, reliable information. Learn more about how we make money and select our advertising partners.Tired of looking for a branch or navigating a clunky app when you need to manage your bank account?For anyone who’s ready to walk away from traditional branch banks, an industry of online challenger banks has blown up over the past decade. Technology companies have swooped in to respond to the need for more mobility, better apps and lower fees.Varo and Chime, two of the top players in the online banking space, compete for customers with no-fee bank accounts and high-yield savings you can set up and manage from your smartphone.Varo (previously Varo Money) and Chime each offer checking and savings accounts through user-friendly mobile apps and online banking. Here’s how the companies stack up.Varo vs. Chime at a GlanceBankAPYOpening DepositMonthly FeeTop Feature Chime 0.50% $0 None Fee-free overdraft protectionSEE DETAILS Varo 1.2%–5% $0 None Up to 5% APYSEE DETAILSChimeBest for Customers on a Tight Budgetstarstarstarstarhalf star4.5 out of 5 OverallKey FeaturesFee-free checking and savingsSpotMe fee-free overdraft protectionInterest-free credit builder cardGet DetailsChime is a leader in online banking, offering a no-frills account with features meant to simplify your money management and help you reach savings goals. Chime offers fee-free online spending and saving accounts. It includes built-in automatic saving features, fee-free overdraft protection, access to two fee-free ATM networks and more.ChimeChime LogoAPY0.50%Opening deposit$0Prime perkBuilt-in savings featuresMore Information About ChimeChime is known for fee-free services, so you won’t pay for much. You’ll just pay a $2.50 out-of-network ATM fee, plus any fee charged by the ATM operator. And you could pay up to $4.95 to withdraw or deposit cash through your debit card at a Green Dot retail location.Is Chime right for you? Read our full Chime review to learn more about its features and see what it has to offer. VaroBest for Making the Most of Savingsstarstarstarstarstar5 out of 5 OverallKey FeaturesFee-free checking and savingsLow-cost cash advanceUp to 5% APY on savingsGET DETAILSVaro offers an online, app-based checking and savings account with built-in automatic savings tools, optional overdraft protection called Varo Advance, access to a network of fee-free ATMs and more. It also offers cash advance loans and a credit builder program called Varo Believe for qualifying customers.VaroVaro LogoAPY1.2%–5%Opening deposit$0Prime perkCredit check builderMore Information About VaroVaro was the first banking app to gain approval for a full bank charter in the U.S. That means it’s its own bank, unlike other banking apps, which provide technology and work with national banks to provide the financial services and accounts behind the scenes.It hasn’t yet taken full advantage of its status to offer a

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Chime, you can deposit cash into your bank account at more than 60,000 retail locations with Green Dot, which is a function many online banks don’t include.Bill PayWith either account, you can pay bills through ACH transfer by giving companies your bank account and routing numbers, or mail a paper check.Secure DepositsBoth companies provide FDIC-insured accounts up to $250,000 (the typical amount for any bank account). Chime partners with The Bancorp Bank and Stride Bank, N.A., and Varo Money is backed by its own Varo Bank.Instant Money TransferWith both Chime and Varo, you can send money instantly with no fees to others who use the same app. Varo Bank also works with Zelle for money transfers to folks who use other banks.Second-Chance BankingNeither company uses ChexSystems, which many traditional financial institutions use to determine your eligibility for a bank account, so a bad banking history won’t necessarily disqualify you for these accounts. Neither company checks your credit report for a banking account or credit builder card, either.Free ATM WithdrawalsA Chime account gives you access to 38,000 fee-free ATMs in the United States through the MoneyPass and Visa Plus Alliance networks. Varo’s account connects you to more than 55,000 fee-free Allpoint ATMs in the U.S.A woman peaks up from a book.Live Customer SupportTalk to a real person from either company via chat in its app, email or on the phone seven days a week.Reach Chime customer service 24/7 via chat in the app, email at support@chime.com or by phone at 844-244-6363.Reach Varo customer service via email at support@varomoney.com, or by phone at 877-377-8276 during call center hours: Monday through Friday 7 a.m. to 6 p.m. Mountain Time, and Saturday, Sunday and federal holidays 7 a.m. to 3 p.m. Mountain Time.Push NotificationsStay on top of your Varo account balance with optional notifications anytime money moves in or out of your account. Chime gives you the option to receive a push notification when a direct deposit hits.Credit Building ProgramsBoth companies offer a new, secure way to build credit.Chime’s Credit Builder Visa credit card is a secured credit card with no annual fee, no credit check to apply and no minimum required deposit (an unusual feature for a secured card). It works like a debit card that lets you build credit.Through the program, Chime members can move money into their Credit Builder account to back the card, make purchases with the card and have the balance automatically paid off from their Credit Builder account. Chime reports activity to credit bureaus, so the card is a less risky way to build or rebuild your credit.Varo’s Varo Believe program is nearly identical, backing a secured credit card with a dedicated amount of your choice from your

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Why trust our banking experts Varo Savings Account Affirm Money™ Account Synchrony Bank High Yield Savings Capital One 360 Performance Savings SFGI Direct Savings Compare the best no-fee savings accountsNational average for savings accountsThe national average savings account rate (as of March 17, 2025) is 0.41% APY, according to the Federal Deposit Insurance Corporation (FDIC). Here’s how some national averages on savings products compare:What is a no-fee savings account?A no-fee savings account is exactly what it sounds like. It’s an account meant to hold money that you don’t need every day and for which you don’t have to pay a monthly maintenance fee. It could also fall into various other categories. In addition to having no fees, it could be a high-yield savings account and offer a competitive APY on your deposits. It could be an online-only savings account and not offer physical banking branches. Exactly how a no-fee savings account works depends on the account and the institutionHow no-fee savings accounts workIn general, a no-fee savings account works just like a traditional savings account. “One deposits funds into the account; the bank then lends the funds to other customers and pays interest to the depositor,” said Seth Mullikin, CFP at Lattice Financial in Charlotte. The profit the bank earns on loans covers the cost that you would otherwise pay in maintenance fees.A no-fee savings account may still charge fees for voluntary elections, like sending wire transfers and getting a Cashier’s check.How to choose the best no-fee savings accountBecause no-fee savings accounts can also be high-yield, online-only and such, consider what other factors are important to you. Yield. As the main purpose of a savings account is to store money, it makes sense if the fund earns cash as it sits. “First, you want something that is paying decent interest,” said Nicholas Bunio, CFP in Berwyn, Pa. Look for the highest APYs on no-fee savings accounts.Size. Do you want a large, national bank that has physical branches in every major city and a cornucopia of products, like loans and credit cards? Or do you want something smaller, like a local credit union?Locations and ATMs. Would you like for a branch to be around the block from your home or work? Or do you travel often and want free ATMs available in most cities? Or are you comfortable with a bank that’s completely online? Note that if a credit union participates in the credit union Co-Op, its members can go to over 5,400 branches and 30,000 ATMs nationwide. No-fee savings account vs. traditional savings accountsA no-fee savings account is just a traditional savings account that doesn’t charge you fees. At face value, of course, a no-fee account is preferred, but there may be reasons to choose a traditional account that charges fees. Here are two:Convenience. If you already have a relationship with a bank, it can be nice to keep your accounts in one place. If two or more of your important banking accounts are accessible through the same institution, you’ll

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Full suite of financial services, but it does offer services beyond its original stripped-down checking and savings account, including a credit builder program and small cash advance loans.Nearly all Varo features are fee free. You’ll just pay $2.50 to Varo to use an out-of-network ATM, plus third-party ATM fees. And you could pay a third-party fee up to $4.95 to the retailer if you deposit or withdraw cash over-the-counter at a Green Dot location. If you use Varo Advance, you’ll pay a fee between $0 and $5, depending on how much cash you draw. When you open a Varo savings account, you’ll start with a 1.2% APY, and you can earn up to 5% on savings balances up to $5,000 as long as you receive at least $1,000 in direct deposits each month.Is Varo a good bank? Read our full Varo review to learn more about its features and decide whether it’s a good fit for you. Varo vs. Chime: DetailsChime and Varo offer most of the same account options aimed at simplifying banking and savings for anyone who’s ready to say goodbye to traditional banks.Both accounts offer these features:Fee-Free Checking and Savings AccountsBoth Chime and Varo include a debit account (a.k.a. checking) and optional savings account, both with no monthly fees.Automatic Savings ToolsBoth accounts include simple ways to automatically build your savings account by setting rules to move money from checking to savings when you get paid and when you shop.High-Yield SavingsBoth savings accounts offer higher-than-average APY on your savings account balance.Chime offers 0.50% APY on savings with no minimum balance requirement.Varo offers 1.20% APY on savings to any customers, and you can earn 5.00% APY in a given month if you receive at least $1,000 in direct deposits, maintain a minimum balance of no more than $5,000 and keep both of your accounts above a $0 balance during that month.Early Direct DepositAs with many online banks, both accounts make your paycheck available early if you get paid through direct deposit. The money is available in your account as soon as your employer processes payroll, which could be up to two days before the scheduled payday.Overdraft ProtectionThrough Chime’s SpotMe overdraft protection program, the company will spot you up to $20 with no fee as long as your account has at least $500 per month in direct deposits. That limit can go up to $200 based on your account activity.Through Varo Advance, you can add instant overdraft protection through the app with a small cash advance loan of $20, $50, $75 or $100, for a fee of $0, $3, $4 or $5, respectively.A woman with a yellow blouse and red book bag uses an ATM machine.Cash DepositsWith both Varo and. Varo bank is a FDIC-insured online bank that provides banking services online or through a banking app, known as the Varo app. Varo offers you two types of bank accounts: checking and savings ‎Download apps by Varo Money inc, including Varo Bank: Online Banking.

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Is that Tiller Money offers free live weekly webinars on their Foundation Template to help you get started and ask your questions to their support team, you can sign up here.When it comes to money management, you really can’t get any closer to your money than with a spreadsheet.Try Tiller Money for Free Other Posts You May Enjoy:Varo Review: Mobile-Only Banking with High Interest RateVaro Product Name: Varo Product Description: Varo has a checking and savings account that can be accessed via their app.…H&R Block Review 2025: From Online to In-Person FilingH&R Block has been doing taxes since 1955 and has 60,000 tax pros with an average of 10 years of experience. With their many service levels from complete DIY to online assist to fully in-person with a tax pro, you can be sure you are getting exactly what you need without overpaying. Wealthfront Review 2025: Low-cost Roboadvisor with Loss Harvesting, RebalancingTiller 79 USD 9 Overall 9.0/10 Strengths Automates your spreadsheets! Free Templates - budgeting, net worth Daily summary of activity…FreeTaxUSA Review 2025: Completely Free Federal Tax Filing ServicesFreeTaxUSA Tax Preparation Product Name: FreeTaxUSA Tax Preparation Product Description: FreeTaxUSA is a free tax federal preparation software package that…Jim Wang is a forty-something father of four who is a frequent contributor to Forbes and Vanguard's Blog. He has also been fortunate to have appeared in the New York Times, Baltimore Sun, Entrepreneur, and Marketplace Money.Jim has a B.S. in Computer Science and Economics from Carnegie Mellon University, an M.S. in Information Technology - Software Engineering from Carnegie Mellon University, as well as a Masters in Business Administration from Johns Hopkins University. His approach to personal finance is that of an engineer, breaking down complex subjects into bite-sized easily understood concepts that you can use in your daily life.One of his favorite tools (here's my treasure chest of tools, everything I use) is Empower Personal Dashboard, which enables him to manage his finances in just 15-minutes each month. They also offer financial planning, such as a Retirement Planning Tool that can tell you if you're on track to retire when you want. It's free.>> Read more articles by JimOpinions expressed here are the author's alone, not those of any bank or financial institution. This content has not been reviewed, approved or otherwise endorsed by any of these entities.See Jim on Instagram | Linkedin | TikTok

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To maintain and use are scored the highest, while accounts with costly fees and few features are scored the lowest. Read the full Finder Score breakdown Bethany Hickey is the banking editor and personal finance expert at Finder, specializing in banking, lending, insurance, and crypto.Bethany’s expertise in personal finance has garnered recognition from esteemed media outlets, such as Nasdaq, MSN, Yahoo Finance, GOBankingRates, SuperMoney, AOL and Newsweek. Her articles offer practical financial strategies to Americans, empowering them to make decisions that meet their financial goals. Her past work includes articles on generational spending and saving habits, lending, budgeting and managing debt.Before joining Finder, she was a content manager where she wrote hundreds of articles and news pieces on auto financing and credit repair for CarsDirect, Auto Credit Express and The Car Connection, among others.Bethany holds a BA in English from the University of Michigan-Flint, and was poetry editor for the university’s Qua Literary and Fine Arts Magazine. See full bio Bethany's expertise Bethany has written 427 Finder guides across topics including: Personal finance Banking Auto loans Insurance Cryptocurrency and NFTs More guides on Finder Premium Checking Accounts Premium checking accounts offer better perks than standard checking accounts, but they usually have harder requirements. 5 Banks with Metal Debit Cards Banks that offer a metal debit card include Acorns, Step, Cash App, Revolut and Crypto.com. See the pros and cons of a metal debit card here. Chase new account bonuses We’ve rounded up Chase’s new account bonus offers and what you’ll need to qualify. Best interest-bearing checking accounts Earn a little interest without limiting your transactions. But don’t expect it to replace your high-interest savings account. 7 Best Cashback Debit Cards to Earn Rewards Varo is one of the best cashback debit cards to maximize rewards without fees. Other top rewards checking accounts include Axos, Upgrade and One Cash. Virtual Debit Cards Compare the top banks and fintechs that offer virtual card options and learn how to use them.. Varo bank is a FDIC-insured online bank that provides banking services online or through a banking app, known as the Varo app. Varo offers you two types of bank accounts: checking and savings

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Savings accounts offer a great way to store your money, earn interest, automate savings, and prevent you from overspending. While traditional and online banks offer savings account options, online banks typically have better savings account rates.I’ll walk you through some of the best savings account options currently available on the market so you can find the right solution. Overview of the 10 best savings accounts 10 best savings accounts Ally Bank Marcus by Goldman Sachs American Express National Bank Capital One Discover Bank Synchrony Bank CIT Bank Barclays Varo Savings accounts summary FAQs Pros and cons of savings accounts The bottom lineOverview of the 10 best savings accountsBank NameWho’s it for?Ally BankHigh-interest CDsMarcus by Goldman SachsOnline-only basic savingsAmerican Express National BankFrequent transfersCapital OneHigh rates and in-branch servicesDiscover BankSavings with traditional checkingSynchrony BankATM accessCIT BankFrequent depositsBarclaysSignup incentives and bonusesVaroOverall savings account rates10 best savings accountsAlly BankAlly Bank has been one of the top names in savings accounts since it opened online in 2009. This online bank offers a high-yield savings account, certificates of deposit (CDs), and a money market account.Ally’s savings account boasts a 4.00% annual percentage yield (APY) (on all balance tiers) and is completely free (no minimum deposit requirements, monthly maintenance fees, or minimum balance requirements). Ally does not offer debit card service accounts, but if you sign up for online checking (which also earns interest), you’ll receive ATM access and be able to transfer money back and forth.I love that Ally’s savings rates are competitive, and I am a big fan of its intuitive online banking platform and mobile app. Its no-penalty CD is a huge advantage over competitors, but this bank is a great option for anyone looking for high APY.Marcus by Goldman SachsMarcus by Goldman Sachs offers online savings options with competitive interest rates. It has a high-yield savings account and various CD products.Marcus’s high-yield savings account boasts a 4.10% APY and is completely free. There are no monthly fees or deposit requirements, but it caps off same-day transfers at $100,000. However, there is no checking option or debit card access, so you must transfer from direct deposit or another account.I like how easy Marcus is to use and how transparent this bank is about fees and limitations. What you see is what you get with Marcus, and it would make a perfect savings option for anyone not looking to withdraw money frequently.American Express National BankAmerican Express offers great online savings options, particularly for existing credit card customers. It offers a high-yield savings account and a CD option.American Express’s high-yield savings account offers 4.00% APY, a standard rate for most online banks. This online option has no monthly fees, minimum balance, or deposit requirements. On the