Is Varo Checking Account the right fit for you?
Last Updated: 01/21/2026
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Highlights
Community Rating
Strongly recommended
Welcome Offer
Starting at $0(Verified 06/21/2024)
Disclaimer popup with additional information
Rewards
N/A
APY (Annual Percentage Yield)
0%(Verified 04/16/2025)
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Monthly Maintenance Fee
$0(Verified 01/21/2026)
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Number of Reviews
Varo Checking Account Review
The 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.
- No monthly maintenance fees. This account does not charge any monthly account fees.
- No minimum initial deposit. There is no minimum balance required to open an account online.
- No ATM fees. Varo Checking Account does not charge fees on ATM transactions.
Varo checking account Pros & Cons
| Pros | Cons |
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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.
| 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.
| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Monthly Maintenance Fee | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ATM Fee: In-Network | Starting at $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ATM Fee: Out-of-Network | Starting at $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NSF Fee | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Overdraft Item Fee | Starting at $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Early Account Closure | Starting at $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Returned Deposit Fee (Domestic) | Starting at $25 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Card Replacement Fee (Standard Delivery) | Starting at $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Online Bill Pay Fee | Starting at $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Foreign Transaction Fee (Debit Card) | Starting at 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 - This account allows you to 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.
Provider Disclosure: The Varo Visa® Debit Card is issued by Varo Bank, N.A. pursuant to a license from Visa U.S.A. Inc and may be used everywhere Visa debit cards are accepted.
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.
Cashback is available on specific items or services purchased with your Varo Debit Card or Varo Believe Card at select brands/retailers. Offer details may vary, see the Perks tab for more details and current deals. The maximum Cashback that can be earned is two-hundred dollars ($200 USD) per calendar month.
To open a Varo Savings Account, all you need is a Varo Bank Account. Applying won’t impact your credit score, plus there are no monthly fees, and no minimum balance required. 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:
Receiving direct deposit(s) totaling $1,000 or more; and
Ending the month with a positive balance in all your Varo Accounts.
Rates are subject to change at any time.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
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 checking account
Hours of Operation
Sunday8:00AM - 6:00PMMonday6:00AM - 9:00PMTuesday6:00AM - 9:00PMWednesday6:00AM - 9:00PMThursday6:00AM - 9:00PMFriday6:00AM - 9:00PMSaturday8:00AM - 6:00PM
Other Services by Varo
Availability
Available in 50 states and Washington, D.C.
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- District of Columbia
- 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
SuperMoney Net Recommendation Score
SuperMoney users strongly recommend this product, giving it a user recommendation score of +100, or 5 on a 5-point rating scale.
+100
-1000+100
No one recommends
Everyone recommends
Reviewer Sentiment Over Time
Varo Checking Account Community Reviews
Would you recommend Varo Checking Account to your friends?
CE
Camille E.
Dec 14, 2023
Would Recommend
When you sign up, you get a digital card to use immediately, as well as a physical one sent in the mail. No minimum balance required, and no charges. You can also get cash advances and access to zelle when you recieve enough in direct deposit from work. No fee for having an account, no hidden charges, and there is an ATM locator to find the nearest one to you ...Show More
MC
Mazhar C.
Nov 25, 2022
Would Recommend
One thing I noticed the most about VARO is their customer service was really great. I solved one of my issues in about 5 minutes, no wait time. They also have a great integrated platform with multiple financial tools you can do all in one place, it's very convenient. The rewards are also very nice to build here.
SP
Sofia P.
Jul 7, 2022
Would Recommend
One thing I noticed the most about VARO is their customer service was really great. I solved one of my issues in about 5 minutes, no wait time. They also have a great integrated platform with multiple financial tools you can do all in one place, it's very convenient. The rewards are also very nice to build here.
ST
Sara T.
May 24, 2022
Would Recommend
Highly recommend, I have been using Varo for months now and I absolutely love it. I love the cash back opportunities and the rewards options. It does have a reload fee in store but most cards do but it doesn’t have a transfer fee or a monthly fee. There are also loan, credit card and savings account options as well.
ES
Elana S.
Mar 3, 2021
Would Recommend
it was an amazing process to go through. applying for a loan was easy and quick and wasn’t hard at all. my loan was approved within hours and i rate it 10/10. The services are wonderful people and not trying to make it more difficult for you. they’re response is incredible and the mobile app makes it easy for me to keep track of my loan. I would recommend them ...Show More
TG
Trey G.
Dec 10, 2020
Would Recommend
The Pros and Cons list isn’t wholly correct. Varo does insure your funds via (FDIC) up to 250,000.
The checking account itself promises a friendly interface and top notch service, of course. But the one thing that garnered my attention the most was the fact that there are no overdraft fees. In fact, Varo will cover your overdraft up to $50.00 if you meet certain qualifications. I truly believe this ...Show More
DE
Daniel E.
Dec 10, 2020
Would Recommend
Varo Checking Account is an extremely low-fee account, as there are no monthly fees, overdraft fees, foreign transaction fees, incoming and outgoing transfer fees and more. Additionally, there are no minimum balances at Varo. So anyone, regardless of their initial deposit, can apply to open an account.
JS
Joe S.
Nov 13, 2020
Would Recommend
I applied for a Varo Checking account because of the Swagbucks points. This is my first non-brick and mortar checking account. I thought it was a little shady but once I applied, you're provided a legit checking account. It's very convenient to apply to and there's no minimum deposits which made it more appealing for me. They also provide a debit card. But my favorite feature is its ease to ...Show More
ST
Samuel T.
Nov 3, 2020
Would Recommend
It came in handy when I was looking for a checking account to save some money for emergencies. Varo is one of the best around that you can rely on. You will not be getting any interest for keeping your money there and you will not be charged for keeping it there. So, there is basically no disadvantage for using the service and you will also be getting a free ...Show More
DW
Deonne W.
Oct 24, 2020
Would Recommend
I only had the account for a short time, but it worked great for me to when I needed an extra checking account for putting money, so that I could save money for emergencies.. I could always keep tabs on how much was going into the account and it was easy to transfer the funds and like all checking accounts I had a debit card for when I was ...Show More
AO
Andrew O.
Oct 10, 2020
Would Recommend
Depending on your banking needs, the Varo Checking Account may or may not be for you. As Varo is an online-banking service, there's not a whole lot of incentive or need to keep your money in this checking account as there's no interest. That being said, there are no downsides to having this account, as there is no account minimum, or monthly fees to worry about, and it works well ...Show More
U
Anonymous
Oct 15, 2019
Would Recommend
Great.i would send alot of people to u so they can use y'all for there bank.
Showing 12 of 12 reviews
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