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  Varo Checking Account
Varo Checking Account
in Checking Accounts from Varo · fdic
Unaffiliated

Varo Checking Account

Unaffiliated
in Checking Accounts from Varo · Member FDIC
SuperMoney Net Recommendation Score +100  

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

Strongly recommended

9 users recommend
0 users are unsure
0 users don't recommend
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Highlights
Community Rating Strongly recommended
Cashback Rewards N/A
APY (Annual Percentage Yield) 0%
Monthly Fee $0
Minimum Balance to Avoid Monthly Fee N/A
Number of Reviews 9

Varo Checking Account Review

Varo Checking Account is offered by Varo, a bank founded in 2015 and based in San Francisco, CA. Varo Checking Account is available in 50 states (and Washington, DC).

Key Takeaways
  • 0% APY. As with most checking accounts, Varo Checking Account does not pay interest.
  • $0 monthly fee. This account does not charge a monthly Service Charge.
  • No minimum initial deposit. There is no minimum balance required to open an account.
  • No ATM fees. Varo Checking Account does not charge fees on ATM transactions.
Varo checking account Pros & Cons
Pros Cons
  • No monthly fee, overdraft fee, or foreign transactions fee.
  • Direct deposits released up to two days earlier than most other banks.
  • Helpful budgeting tools included in the app.
  • Available in all 50 states.
  • Free debit card
  • Cash deposits move through a third party service, which may charge a fee.
  • Fees for cash deposits from retailers since there are no Varo branches to use.
  • Wire transfers are not available through Varo.
  • No signup bonus.
  • Does not earn interest
Varo checking account FAQ

Are checking accounts from Varo federally insured?

Yes, your Varo checking accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What APY does Varo checking account offer?

Varo checking account is not an interest-bearing account.

What are the account minimums for Varo checking account?

Varo checking account does not require a minimum initial deposit.

Varo Checking Account Minimums
Description
Minimum Opening Deposit Starting at $0

What fees does Varo checking account charge?

The good news is that this account does not have a monthly Service Charge.

Varo Checking Account Fees
Description
ATM Fee: In-Network $0
Debit Card Replacement Fee $0
Early Account Closure $0
Foreign Transaction Fee (Debit Card) 0%
Monthly Fee $0
NSF Fee $0
Online Bill Pay Fee $0
Overdraft Item Fee $0
Overdraft Protection Fee (per transfer) $0
Returned Deposit Fee (Domestic) $25
ATM Fee: Out-of-Network $0

Does Varo checking account charge overdraft fees?

No, Varo checking account does not charge overdraft fees.

What features and perks does Varo checking account offer?

This account includes the following features:

  • Mobile Banking Services - Varo checking account allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.
  • Nationwide ATM network - Conveniently transact at a nearby ATM.

What is the customer support email for Varo checking account?

The customer support email for Varo checking account is help@varomoney.com.

How do people rate the customer service and user experience of Varo checking account?

Overall, Varo checking account is strongly recommended based on community reviews that rate customer service and user experience.

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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Message From Varo

Fewer costs for us means fewer costs for you. Brick-and-mortar buildings require overhead costs like rent and utilities. Without a nationwide network of physical branches, we can save money and offer an online checking account without monthly fees. When you open a checking account online, you don’t need to be near a physical branch. You can manage your money wherever you go on your iOS or Android device. Varo is an entirely new kind of bank. We're all-digital, mission driven, and designed for the way you live. Get a Varo Bank Account today!

Contact

Hours of Operation

  • Sunday 8:00am - 6:00pm
  • Monday 6:00am - 9:00pm
  • Tuesday 6:00am - 9:00pm
  • Wednesday 6:00am - 9:00pm
  • Thursday 6:00am - 9:00pm
  • Friday 6:00am - 9:00pm
  • Saturday 8:00am - 6:00pm

Other Services by Varo

Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

ATM Fee: In-Network $0
Debit Card Replacement Fee $0
Early Account Closure $0
Foreign Transaction Fee (Debit Card) 0%
Monthly Fee $0
NSF Fee $0
Online Bill Pay Fee $0
Overdraft Item Fee $0
Overdraft Protection Fee (per transfer) $0
ATM Fee: Out-of-Network $0
Returned Deposit Fee (Domestic) $25
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Verification Documents Required
  • Government Issued Photo ID
  • Proof of Identity
  • Social Security Number
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
Account Features
  • Debit Card
  • Mobile Banking
  • Mobile Check Deposit
  • Nationwide ATM Network
  • No ATM Fees
  • No Monthly Maintenance Fee

Varo Checking Account Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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